Hyundai Department Store Archives | Be Korea-savvy
Hyundai Department Store Pangyo to Offer VR Shopping

Hyundai Department Store Pangyo to Offer VR Shopping

SEOUL, May 13 (Korea Bizwire) — Hyundai Department Store Co. will open ‘VR Pangyo Land’ in its Pangyo branch, south of Seoul, from May 14 to 30 where customers can experience a 360-degree virtual reality department store. At the VR department store, customers can virtually visit around 50 locations throughout Hyundai Department Store Pangyo’s 11 [...]

Chaebol-Owned Retailers Constitute Bulk of Law Violations

Chaebol-Owned Retailers Constitute Bulk of Law Violations

SEOUL, Sept. 12 (Korea Bizwire) – South Korea’s large retailers affiliated with family-controlled conglomerates, or chaebol, account for more than 60 percent of violations of a related law over the past five years, a report showed Wednesday. The Fair Trade Commission (FTC), South Korea’s antitrust watchdog, detected 48 breaches of the act on fair transactions [...]

Hyundai Department Store, Amazon Join hands for ‘Next-generation’ Store

Hyundai Department Store, Amazon Join hands for ‘Next-generation’ Store

SEOUL, Aug. 20 (Korea Bizwire) — Hyundai Department Store Group said Monday it has joined hands with Amazon to develop the “next-generation” retail model amid local retailers’ push to adopt the latest technology to their online and offline platforms. Under the strategic collaboration agreement with Amazon Web Service (AWS) Korea signed on Friday, Hyundai said [...]

Niche Perfumes Carving Out a Place in S. Korea’s Fragrances Market

Niche Perfumes Carving Out a Place in S. Korea’s Fragrances Market

SEOUL Jan. 19 (Korea Bizwire) – The market for niche perfumes in South Korea has grown steadily in the past few years as a consumer mindset centering on the acquisition of “minor luxuries” and devotion to the highlighting of personal taste and artistic inclination has bloomed. According to industry insiders, sales of niche perfumes at [...]

S. Korea’s Major Department Stores Fined for ‘High-handed’ Practices

S. Korea’s Major Department Stores Fined for ‘High-handed’ Practices

SEJONG, May 4 (Korea Bizwire) – South Korea’s corporate watchdog said Wednesday that it has slapped a combined 2.2 billion won (US$1.94 million) in fines on six local department stores for abusing their power to control their subcontractors. The companies — Shinsegae Department Store, Lotte Department Store, Hyundai Department Store, Hanwha Galleria, NC Department Store and AK Plaza — were accused of refusing to give back written contracts [...]

Luxury Watch Sales Grow Despite Economic Slump

Luxury Watch Sales Grow Despite Economic Slump

SEOUL, Feb. 13 (Korea Bizwire) – Despite the prolonged economic downturn, sales of luxury watches once again soared last year.  Hyundai Department Store said Sunday that sales of high-end watches have consistently increased in recent years, jumping by 16.3 percent in 2014 (year-on-year), 30.1 percent in 2015, and by 34.1 percent in 2016.  The rise [...]