SEOUL, May 14 (Korea Bizwire) — French luxury brand Dior has come under scrutiny in South Korea for failing to report a recent data breach involving Korean customers to the Korea Internet & Security Agency (KISA), as required under domestic law, a lawmaker’s office said Wednesday. According to Rep. Choi Soo-jin of the ruling People Power [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s department store sector suffered a difficult first quarter as sluggish domestic consumption weighed heavily on sales and profits, with only Lotte Department Store managing to post a notable profit boost, thanks to strong performance in overseas operations and internal restructuring efforts. According to industry data released Tuesday, Lotte [...]
SEOUL, May 12 (Korea Bizwire) — Swedish furniture giant IKEA held a briefing session in Seoul on Monday to expand its network of eco-friendly and recycled product suppliers from South Korea, according to the country’s state-run trade promotion agency. IKEA’s Northeast Asia purchasing office hosted the 2025 IKEA Day event at the headquarters of the [...]
SEOUL, May 6 (Korea Bizwire) — Seven in 10 households made online purchases of processed foods in 2024, a survey showed Tuesday, marking a sharp increase from a year earlier and a significant change in where and how people shop. According to the survey conducted by the Korea Rural Economic Institute, 72.3 percent of households [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s leading hotels and department stores are turning to art-driven strategies to attract affluent, experience-seeking customers, elevating their venues from commercial spaces to immersive cultural destinations. With the rise of “art marketing,” retailers are integrating curated exhibitions, docent-led tours, and gallery partnerships into their business models. This trend is [...]
SEOUL, May 3 (Korea Bizwire) — Chanel has emerged as the most frequently counterfeited brand online in South Korea over the past five years, according to new government data that highlights the growing challenge of policing illicit e-commerce activity involving luxury goods. A report submitted by Rep. Oh Se-hee of the Democratic Party, a member of [...]
SEOUL, April 24, (Korea Bizwire) — South Korea’s retail sector is undergoing a seismic shift as e-commerce giants and traditional retailers alike double down on fresh food—a category once dominated by brick-and-mortar stores—as a key to future growth and survival. Coupang, the country’s leading e-commerce platform, is aggressively expanding its fresh food business in 2025, [...]
SEOUL, April 21 (Korea Bizwire) — As the U.S.-China trade war escalates in 2025, South Korea’s retail and small manufacturing sectors are bracing for a potential flood of low-cost Chinese goods that could destabilize domestic markets. Industry concerns have mounted following a series of aggressive tariff measures by former U.S. President Donald Trump. On April 9, [...]
SEOUL, April 21 (Korea Bizwire) — South Korean convenience store chain GS25 is turning missed search results into a powerful tool for product innovation, using customer data from its mobile app to identify and launch new alcoholic beverages. GS25 announced Sunday that it has been analyzing “search failure” data from its app Our Neighborhood GS, particularly [...]
SEOUL, April 17, (Korea Bizwire) — As climate change shortens South Korea’s transitional seasons and extends the summer, retail sectors are seeing shifting consumer behaviors and divergent business fortunes. While spring fashion sales slump amid erratic weather and weak consumer sentiment, electronics retailers are benefiting from an early surge in demand for summer appliances. According [...]