A South Korean duty-free store will shut down amid a sharp drop in the number of Chinese tourists following a diplomatic row over the deployment of a US missile defense system, officials said.…
A South Korean duty-free store will shut down amid a sharp drop in the number of Chinese tourists following a diplomatic row over the deployment of a US missile defense system, officials said.…
South Korea’s major retail chains posted an increase in sales for the first half of this year, a market report said, despite concerns over the introduction of an anti-graft law last year.…
After retaliation by the Chinese government for the deployment of a U.S. missile shield in Korea, the discount supermarket chain Lotte Mart has given up and decided to essentially pull out.…
A nationwide shopping festival involving hundreds of retailers and traditional markets will begin on 25 September, the government said on 20 September, as it aims to draw foreign travelers amid a shar…
The number of Japanese visitors to South Korea may decrease in the wake of North Korea’s latest nuclear test, industry sources said.…
E-Mart Inc., a discount store unit of South Korea’s retail conglomerate Shinsegae Group, is expected to sell its stores in China to Thailand’s Charoen Pokphand (CP) Group, a move that will lead the Ko…
Lotte Duty Free posted an operating loss of KW29.7 billion (US$26.1 million) in the second quarter ended 30 June – its first quarterly loss since the SARS crisis of 2003.…
Seoul’s Central District Court has handed down a three-year prison sentence for corruption to former South Korean President Park Geun-hye’s’ ‘adviser’ and close friend Choi Soon-sil.…
Since the Moon Jae-in government kicked off, Beijing has been easing up on retaliatory measures for Seoul’s deploying of U.S. antimissile system.…
An attempt to lease out the remaining duty-free store licenses by tender at the new terminal at Incheon International Airport has failed again, as no duty-free operators made a bid.…