Tag Archives: Korea

China bullies South Korea at its own risk

South Korea Cosmetics

(Source: Retail in Asia | 13 January 2017) China can only do so much to make life harder for South Korea. Beijing appears to be taking economic revenge against Seoul over a missile defence deal with the United States. Sectors riding the “Korean wave” in China, such as cosmetics, tourism and entertainment, are hurting. But $100 billion-plus manufacturing ties between ...

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The Twee opening flagship at new mall

twee-korea

(Source: Inside Retail Asia | 13 December 2016) Korean fashion retailer The Twee will open its first Southeast Asia flagship store at the new KL Gateway Mall in Kuala Lumpur. Set to open on January 12, the mall is part of the KL Gateway mixed development by Suez Capital in Bangsar South, Jalan Kerinchi. Along the Federal Highway, it offers ...

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Korean duty-free stores suffer losses

galleria-duty-free-63-in-seoul-hanwha

(Source: Inside Retail Asia | 17 November 2016) Korean duty-free stores newly opened in Seoul are losing money as heavy marketing costs erode profits. A review of financial documents from the major players show heavy competition is taking its toll on all players. Five duty-frees stores opened new shops in the capital city after winning licenses in two bids — ...

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Korean product safety scares drive European demand

miele

(Source: Inside Retail Asia | 19 October 2016) A growing number of Korean product safety scares are driving local shoppers to European brands. With several high profile controversies over toxic chemical content and high electromagnetic wave emissions in Korean products, domestic consumers are flocking to European options instead, in search of safer goods. Italian home appliance brand Imetec saw sales ...

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Korean retailer E-mart pledges $200m in Vietnam

emart-vietnam

(Source: Inside Retail Asia | 14 September 2016) Korean retailer E-mart has announced a US$200 million investment into Vietnam. The agreement between the Shinsegae-owned discount giant and Ho Chi Minh City was signed last week and will see E-mart invest in building supermarkets, commercial facilities and local ‘social development’ facilities over the next four years. Last year, the Korean firm ...

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Korea on sale

2015 Korea Grand Sale

(Source: Korea Bizwire | Aug. 13, 2015) In a bid to revitalise the national tourist market and domestic economy, withering in the wake of the Middle East Respiratory Syndrome (MERS) outbreak, Korea will go on sale. Branded the ‘Korea Grand Sale’, the 10 week long promotion will run from August 14 to October 31. Officials say that the sale will be ...

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