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Retail Revolution: Specialized Stores Dominate as Homeplus and CU Lead the Charge

Retail Revolution: Specialized Stores Dominate as Homeplus and CU Lead the Charge

SEOUL, Dec. 13 (Korea Bizwire) – The retail industry, traditionally centered on price and product competition, is now grappling with intense rivalry by adopting innovative approaches to store differentiation. In particular, there is a rising trend among consumers towards specialized stores that concentrate on a specific product category, acting as a catalyst for increased sales.  A [...]

Legal Battle Intensifies Between S. Korean Retail Giants over ‘Mega’ Trademark Use

Legal Battle Intensifies Between S. Korean Retail Giants over ‘Mega’ Trademark Use

SEOUL, March 16 (Korea Bizwire) – The legal battle between two major South Korean companies, Nongshim Group and Homeplus, has intensified over the use of the trademark ‘Mega’. Mega Mart, a supermarket chain owned by Nongshim, filed a lawsuit on March 2 against Homeplus, accusing the comany of trademark infringement for its newly introduced hypermarket [...]

Shopping Mall Engages Enthusiasts for Future Marketing

Shopping Mall Engages Enthusiasts for Future Marketing

SEOUL, Nov. 18 (Korea Bizwire) — A retail company is engaging with so-called ‘manias’ as part of its marketing strategy, as they are rising as new major consumers capable of offering useful advice for product development. Homeplus Co., a South Korean hypermarket chain operator, plans to hold a ‘Club Week’ until November 27, during which [...]

HomePlus ‘Maekmmelier’ Contest Crowns 27 Beer Masters

HomePlus ‘Maekmmelier’ Contest Crowns 27 Beer Masters

SEOUL, Dec. 17 (Korea Bizwire) — Supermarket chain HomePlus Co. said on December 16 that 27 ‘Maekmmelier’ had been chosen via ‘The First Maekmmelier Contest’ in which participants measured their beer mania skills with others. Maekmmelier is a combination of ‘maekju’, the Korean word for beer, and ‘sommelier,’ and refers to one whose beer mania [...]

S. Korean Hypermarket Homeplus to Join European Distribution Network

S. Korean Hypermarket Homeplus to Join European Distribution Network

SEOUL, March 27 (Korea Bizwire) — South Korean hypermarket Homeplus said Tuesday it will push to join a European distribution network in a move to ensure customers have access to quality goods at lower prices. The second-largest retailer in South Korea has already worked with the European distribution network whose combined annual sales are worth [...]

Large Retailers Post Sales Growth During Long Chuseok Holiday

Large Retailers Post Sales Growth During Long Chuseok Holiday

SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s large retailers posted solid sales ahead and during this year’s Chuseok holiday helped by all out marketing efforts to attract customers, industry sources said Monday. Data provided by local retailers showed double digit growth by some companies as the country celebrated the longest holiday in decades. Chuseok, [...]

South Korean Trade Commission Taking Supermarkets to Court Over Deceptive ‘Buy One Get One Free’ Deals

South Korean Trade Commission Taking Supermarkets to Court Over Deceptive ‘Buy One Get One Free’ Deals

SEOUL, May 9 (Korea Bizwire) – The Korea Fair Trade Commission (FTC) is mounting a legal challenge against South Korean retail giants including E-mart, Lotte Mart, and Homeplus over their misleading ‘buy one, get one free’ deals, after reports emerged accusing the supermarket chains of doubling the original price of products to deceive consumers. The FTC [...]