South Korea’s leading retail conglomerates Lotte Group and Shinsegae Group have made their names as two of the 10 biggest retailers in Asia.…
What are South Korean retail giants doing to survive?
Local retail giants, albeit belatedly, are increasingly turning their eyes to the e-commerce business, with heavy spending on IT infrastructure and fast delivery.…
Shinsegae SSG.com launches food-delivery service
Shinsegae SSG.com gets ready to deliver at dawn.…
Sales of Korean department stores pass 30 trillion won milestone
South Korean department stores delivered 30 trillion won (US$26.4 billion) in combined sales last year, up 2.3 percent from a year ago, breaking out of years of stagnancy, according to industry source…
Shinsegae to launch integrated online shopping firm SSG.COM in March
Shinsegae Group will launch a brand new entity that specializes in e-commerce in an effort to become Korea’s answer to Amazon.…
Lotte opens premium outlet in Giheung
South Korean retail giant Lotte opened this week a new premium outlet in Giheung, Gyeonggi Province.…
“Korean Amazon” by Shinsegae
Shinsegae has secured investment finally giving wings to Vice Chairman Chung Yong-jin’s ambitious plan to create a “Korean version of Amazon.”…
First duty-free space in Hyundai Department Store
Hyundai Department Store Group opens its first duty-free store in Samseong-dong on November 1 as a newcomer into the lucrative duty-free race dominated by Lotte and Shinsegae.…
Spotlight on ASEAN for Korean retail, beauty and entertainment biz
Southeast Asia is becoming the center stage for South Korean businesses to expand their global presence, retail conglomerates have been successfully tapping into the markets.…
Shinsegae’s Emart to bring its fancy PK Market store to LA next year
This is Emart’s first expansion into the U.S. market.…