SEOUL, April 20 (Korea Bizwire) — Hyundai Department Store Co., a major department store chain, has taken the initiative to innovate its reporting system as part of efforts to make itself a better workplace for the MZ generation, which refers to those born between 1980 and the early 2000s as a combination of millennials and [...]
SEOUL, June 1 (Korea Bizwire) — Hyundai Department Store announced on Sunday that it had teamed up with the Ministry of Environment to launch the “Play Green Friends” campaign. The campaign, designed to promote the collection and reuse of plastic containers, will be carried out from June 5 to 11 at 15 Hyundai Department Stores [...]
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 [...]
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 [...]
SEOUL, April 12 (Korea Bizwire) – Shinsegae Department Store President Jang Jai-yeong was paid the most among South Korea’s retail industry CEOs last year, industry data showed Thursday. Jang received 1.59 billion won (US$1.49 million), with the total breaking down to 929 million won in salary and 669 million won in bonuses. Lee Gap-su, president [...]
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 [...]