SEOUL, June 30 (Korea Bizwire) — Major South Korean retailers have launched special pop-up stores and exclusive tie-in merchandise in collaboration with the newly released third season of Netflix’s hit series “Squid Game,” according to industry officials Monday. GS25, the convenience store chain operated by GS Group, has partnered with Netflix to showcase new collaborative [...]
SEOUL, June 30 (Korea Bizwire) — Emart24, a South Korean convenience store chain, said Monday it will open its first outlet in India this August, marking the first entry into the world’s most populous market by a Korean convenience store. Emart24 has signed a brand license agreement with local franchise company Jung Brothers Hospitality to [...]
SEOUL, June 25 (Korea Bizwire) — Emart24, a South Korean convenience store chain, said Wednesday it has opened its 100th outlet in Malaysia and plans to launch 30 additional stores there by December under its expansion strategy. The company entered the Malaysian market in June 2021 with a single store, operating under a master franchise [...]
SEOUL, June 19 (Korea Bizwire) — On a weekday afternoon in Seoul, a single-person household places a modest ₩9,000 food order through Baemin. It’s a small indulgence—but soon, it will come with even smaller strings attached. In a move that could reshape the economics of Korea’s food delivery market, Woowa Brothers Corp., the operator behind [...]
SEOUL, June 15 (Korea Bizwire) — As summer temperatures begin to climb, South Korea’s major retailers are seeing a sharp uptick in sales of sliced and mini watermelons, reflecting a growing consumer preference for convenience and smaller servings—especially among the nation’s increasing number of one- and two-person households. Traditionally seen as a “the bigger, the [...]
SEOUL, June 11 (Korea Bizwire) — In a country where convenience stores have become cultural fixtures — offering everything from late-night ramen to phone charging stations — BGF Retail, the operator of CU, is taking things one step further: temporary tattoos. On Wednesday, BGF Retail unveiled what it’s calling the industry’s first “tattoo kiosk,” [...]
SEOUL, June 10 (Korea Bizwire) — Musinsa Co., a South Korean fashion platform, said Tuesday it plans to open offline stores in China and Japan in the coming months as part of its global expansion strategy. The company currently offers around 8,000 South Korean fashion brands on its online platform and operates several offline stores [...]
SEOUL, June 5 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, said Thursday it will invest 700 billion won (US$515 million) in its domestic organic light-emitting diode (OLED) production facilities. In September, LG Display sold its entire 80 percent stake in its large-size display panel and module plant in China’s [...]
SEOUL, June 5 (Korea Bizwire) — In celebration of World Environment Day on June 5, Hyundai Department Store has launched a nationwide environmental campaign, “Mission Possible! Mudflat Guardians,” aimed at raising awareness of Korea’s fragile coastal ecosystems. Running through July 20, the campaign spans both online and offline channels and includes a specially designed [...]
SEOUL, June 3 (Korea Bizwire) — Luxury fashion house Chanel has raised prices on several of its best-selling handbags and jewelry items in South Korea by up to 10%, marking its third price hike this year and further straining consumers, especially brides-to-be preparing for weddings. Chanel Korea implemented the increases on Monday, raising prices on signature [...]