Lotte Department Store Archives | Be Korea-savvy
Olympics Goose Down Jacket Sells Out Once Again as Customers Line Up Overnight

Olympics Goose Down Jacket Sells Out Once Again as Customers Line Up Overnight

SEOUL, Nov. 23 (Korea Bizwire) – The frenzy over the PyeongChang 2018 Winter Olympics official goose down jacket has hit fever pitch, with the outerwear selling out once again in the blink of an eye. The first release of the “Pyeongchang Long Padding” had sold out at most stores by November 16, prompting retailer Lotte [...]

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, [...]

Free-Range Eggs a Trendy Chuseok Gift After Egg Contamination Scandal

Free-Range Eggs a Trendy Chuseok Gift After Egg Contamination Scandal

SEOUL, Sept. 14 (Korea Bizwire) – After a serious egg contamination scandal that shook the confidence of South Korea consumers, gift sets of free-range eggs from animal-friendly farms have appeared at department stores, marking the first time eggs are being considered as a Chuseok gift. Lotte Department Store, one of the country’s major department store chains, [...]

Retail Industry Up in Arms Over Government Regulations

Retail Industry Up in Arms Over Government Regulations

SEOUL, Sept. 11 (Korea Bizwire) – South Korean retail businesses are on a collision course with the government following a series of regulations recently imposed on an already struggling industry amid a long-term national economic slump. Hit by a lack of consumer confidence and sluggish economic growth, the retail industry is decrying new regulations put in [...]

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 [...]