SEOUL, Oct. 27 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it has decided to impose a fine of 153 million won (US$108,000) on a retailer of popular Japanese fashion brand Uniqlo over misleading advertisements. The penalty on FRL Korea Co., which sells Uniqlo products in South Korea, came as it exaggerated the performances [...]
SEOUL, Dec. 5 (Korea Bizwire) – Japanese fashion retailer Uniqlo will close its outlet in Seoul’s popular shopping district next month, after a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul and Tokyo. Uniqlo said on its website recently in Korean that its global flagship store in [...]
SEOUL, July 31 (Korea Bizwire) — Japanese fashion retailer Uniqlo said Friday it will close nine of its stores in South Korea next month amid a sharp fall in sales stemming from the new coronavirus outbreak and a trade dispute between Seoul and Tokyo. The closure came as online shopping has gained traction amid the [...]
SEOUL, May 25 (Korea Bizwire) — Uniqlo’s budget brand GU, which has been hit hard by the coronavirus pandemic and a boycott of Japan in place since last summer, will withdraw from South Korea. FRL Korea Co., an operator of Uniqlo Korea, recently announced that GU will stop operating offline stores in the country around [...]
SEOUL, April 8 (Korea Bizwire) — Experts are anticipating layoffs at the South Korean unit of Japanese fashion retailer Uniqlo, which has been hit hard by last year’s national boycott movement against Japanese products. Chief executive of FRL Korea, an operator of Uniqlo Korea, recently mentioned the term ‘restructuring’ in an email. The email written [...]
SEOUL, Dec. 27 (Korea Bizwire) — The South Korean unit of Japanese conglomerate Fast Retailing Co. said Thursday its net profit fell 9.9 percent in the January-September period from a year earlier due to local sentiment against Japanese products. The company, which sells Uniqlo and GU brand products, said in a regulatory filing that its [...]
SEOUL, Nov. 21 (Korea Bizwire) — Uniqlo has sparked yet another round of controversy by distributing free Heattech shirts as part of a new marketing offensive. The Japanese apparel company, as part of its 15th Anniversary promotional event, is giving out 100,000 heat-tech shirts on a first come, first served basis to all customers purchasing [...]
SEOUL, Nov. 7 (Korea Bizwire) — Japanese beer brands and Uniqlo, major companies affected by the boycott movement in South Korea, are taking desperate measures for survival. Lotte Asahi Liquor Co, the official importer of Asahi beer, has lowered beer prices by 30 percent. Sapporo beer importer M’s Beverage also lowered prices for its beer [...]
SEOUL, Nov. 1 (Korea Bizwire) — Uniqlo, a Japanese fashion retailer targeted by the boycott movement in South Korea following Japan’s restrictions on exports to the country, has suffered a plunge in sales despite massive discount offers. Rep. Park Kwang-on reported based on a compilation of data collected from eight credit card companies in South [...]
SEOUL, Oct. 21 (Korea Bizwire) — Japanese fashion retailer Uniqlo is coming back to strengthen its presence in the South Korean market after a setback caused by the boycott movement against Japanese products that began last July. Uniqlo’s new commercial, however, has rekindled controversy following complaints that the ad made fun of Japanese sex slaves. [...]