Kim Beom-seok, also known as Kim Bom, CEO of South Korean e-commerce company Coupang, has been named one of the most creative business leaders by US business magazine Fast Company, officials said.…
On-arrival duty-free stores in Korea open doors today
The first on-arrival duty-free shops at Incheon International Airport opens today, but whether they will be able to boost the domestic economy as the government has intended remains unclear.…
Government to allow 5 new duty-free shops in major cities
The government decided to allow large local retailers to open five new duty-free shops in major cities including Seoul as part of efforts to spur domestic consumption and promote the tourism industry,…
Retailers going after BTS fans
Retailers are enjoying brisk sales of cosmetics and other goods advertised by K-pop boy band BTS which is garnering unprecedented global fame with its ongoing world tour “Love Yourself: Speak Yo…
Beauty industry embraces big data, AI to win over Gen Z
The beauty industry is focusing on tailored services and customization of products, such as a serum meant for a specific type of skin.…
South Korea’s Parma International inks Safilo distribution deal
The joint venture between Safilo and Parma, 51% owned by Safilo, will be based in Seoul, and will distribute the eyewear collections of many of the brands in Safilo’s portfolio.…
Korea’s homegrown characters going global
Korea’s home-grown characters are gaining increasing popularity abroad, buoyed by the country’s advanced information technology and the increased popularity of hallyu.…
Hyundai opens first Duty Free store in Seoul
Hyundai Department Store has recently opened its first ever downtown Duty Free store on top of its flagship store in the COEX area of Seoul, South Korea.…
Imported beers strengthening foothold in Korea
Imported beers are expanding their footprint in Korea as more consumers choose foreign brands over domestic ones due to a mixture of taste and price.…
Blue Bottle Coffee arrives in Seoul in May
The long wait for Blue Bottle Coffee to arrive in Seoul will end on May 3, the coffee house announced through its Instagram account.…