Korea’s largest retailer Lotte has decided to pull out of China due to China’s persistent retaliation against Korean enterprises following Seoul’s decision to station a US anti-missile battery in 2016…
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Korea’s Coupang Q1 revenues lift 22 percent, narrows losses
South Korea’s Coupang Inc. announced on 11th May that its total revenues surpassed $5 billion during the first quarter, as the e-commerce giant narrowed losses during the three months ending 31st Marc…
Dior opens store in Seoul, Korea after runway show
French luxury fashion house Christian Dior revealed the opening of a new Dior location in South Korea, following the showing of the luxury house’s Fall 2022 collection in the capital city, Seoul, on 3…
Bang & Olufsen opens new store in Korea
On 12th April, global home entertainment brand, Bang & Olufsen announced the opening of its new flagship store in Seoul, South Korea. …
EXCLUSIVE INTERVIEW with Korean online marketplace Coupang
In partnership with eTail Asia 2022, Retail in Asia had the pleasure to interview Gerald Hoe, Head of Global eCommerce & Marketplace at Coupang. Hoe will be one of the 70 speakers joining the 3-d…
A Cold Wall enters Korea with two brick-and-mortar stores
On 24th February, British streetwear brand A Cold Wall (ACW) has opened its first physical store in Korea in partnership with Korean distributor Modern Works.…
Lotte continues investing in digital transformation
According to The Korea Times, Lotte Group will continue to expand investments into its e-commerce businesses, including urban air mobility (UAM) services and the Metaverse, despite its growing losses …
AI clerk deployed at Korea’s first unmanned 7-Eleven convenience store
DeepBrain AI, a company specialising in real-time conversational AI Humans, successfully launched 7-Eleven’s AI Kiosk in 2021. A subsidiary of Lotte Group, 7-Eleven’s AI Kiosk includes AI …
Amorepacific to boost online sales in 2022
The Korea Times reported that AmorePacific, Korea’s beauty giant, will increase investments to boost its online sales and expand its reach in North America, in a bid to reduce its reliance on China an…
Breitling opens biggest store globally in Seoul
Set in the fashionable Hannam district of Seoul, South Korea, the watch brand’s newest flagship features a street-level Breitling Café and its first-ever restaurant, Breitling Kitchen.…