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 [...]
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 [...]
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 [...]
SEOUL, Dec. 13 (Korea Bizwire) – One of the newest trends for Korean retailers is “sleep consulting” – a concept store, or a service, providing everything one needs to know to improving quality of sleep. The Hyundai Department Store in Mokdong, Seoul, was among the first to introduce such an outlet. Dubbed Beyond Sleep, the [...]
SEOUL, Oct. 24 (Korea Bizwire) – Hyundai Department Store launched Sunday a ‘Mont Blanc VR Store’, available on its e-commerce platform thehyundai.com. As the title suggests, the VR store allows users to virtually experience and shop from the Mont Blanc outlet located in Hyundai’s Pangyo franchise. It’s a step forward from conventional online shopping platforms [...]
SEOUL, July 28 (Korea Bizwire) – Hyundai Department Store, one of the major department stores in South Korea, announced on July 28 that it will launch a virtual reality (VR) online store on its upscale online shopping mall – the Hyundai.com (www.thehyundai.com). The Hyundai’s new online VR store provides customers with the feeling of physically being [...]
SEOUL, April 4 (Korea Bizwire) – Hyundai Department Store announced the opening of an exhibit entitled ‘Robot Taekwon V Returns’ at Sinchon U-Plex, The exhibit will run until April 17. Ten large figures more than two meters tall, a virtual experience zone, and the original drawings will be exhibited. In addition, a giant photo zone on [...]
SEOUL, Dec. 10 (Korea Bizwire) – The nation’s top court on Thursday ordered Hyundai Department Store to pay royalties on the music that the company plays at its stores using streaming services, enlarging the scope of the definition of an album. The Supreme Court ruled in favor of the Federation of Korean Music Performers and [...]
SEOUL, July 27 (Korea Bizwire) – A grand “bargain sale” prepared by major department stores has finally opened the tightly closed purses of Korean customers. According to Lotte Department Store, which held a bargain sale event called “Lotte Black Super Show” at KINTEX in Ilsan, northern Seoul, from July 23 to 26, it recorded a total [...]
SEOUL, July 15 (Korea Bizwire) – To attract young customers in their 20s and 30s, Korean department stores are holding various promotional events, such as a mega concert with K-pop stars and mobile coupons for VIPs visiting the stores. The department stores are feeling a sense of crisis that if they neglect buyers under 40, [...]