Payment cards were most preferred payment tool for e-commerce purchases in South Korea and accounted for 60.9 percent of payments made for online purchases in 2022, reveals the financial services cons…
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South Korea makeup market to grow 5.5 percent CAGR through 2026
The South Korean makeup market is projected to rise to KRW2,827.8 million (USD 2.5 billion) by 2026, registering a compound annual growth rate (CAGR) of 5.5% over 2021–26, said GlobalData.…
Shinsegae inks distribution deal with Laura Mercier in South Korea
French beauty brand Laura Mercier has inked an agreement with Shinsegae International, for the distribution of its cosmetics and skincare in South Korea. SEE ALSO: Indian conglomerate Tata plans to op…
Popeyes reopens in South Korea
U.S. fast food chain Popeyes is returning to South Korea market, opening its first branch in Gangnam District, Seoul, on December 16. SEE ALSO: Jimmy Choo-themed cafe debuts in Seoul Fishery […]…
South Korea to host Gucci Cruise 2024 show
Gucci has returned to its traditional show schedule, kicking off Milan Fashion Week with a menswear collection in January, followed by its cruise 2024 show in South Korea in May. […]…
Korea retail sales up 7 percent in October, duty-free footfall on the rise
South Korea retail sales lifted 7.3 percent in October, as more people ventured outdoors and demand for various services grew, on the back of eased Covid-19 restrictions. SEE ALSO: Prices hike [……
Prices hike 2 – 7 percent for imported DF cosmetics brands in Korea
The sale price of imported cosmetics such as Shu Uemura, YSL, Lancome and Biotherm is expected to rise by up to 7.4 percent in Korea. SEE ALSO: Lotte Duty Free […]…
South Korea retail sales up 7.5 percent in September
Retail sales in South Korea increased 7.5 percent year-on-year for the month of September, as more people ventured outdoors amid eased antivirus curbs, data showed on October 31.…
Lotte Duty Free launches LDF Original Series with Korean boy band
Lotte Duty Free today started its big-budget global marketing and branding campaign of original video content, the LDF Original Series. The campaign is designed to boost duty free shopping and reinfor…
Hermès opens first store in South Korea’s Pangyo
In October, French luxury house Hermès opened its first store in South Korea’s Pangyo, known as the advanced technology hub in the Asian nation.…