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The South Korean conglomerate, which owns convenience retail chain Emart24, has joined the race to acquire the country’s fifth largest convenience store chain, Ministop (owned by Aeon Japan).

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Lotte, one of the country’s main grocery retail chains, has launched Project Zero, with the aim of using alternative sweeteners to produce sugar-free products. Sugar-free has become a mainstream trend According to Korea Bizwire, COVID-19 has heightened people’s interest in health and wellness. Food companies and retailers are increasingly looking to use alternative sweeteners to reduce the ...
Emart24, the convenience chain of South Korean retail giant Shinsegae, said this month that it will increase the number of “hybrid” semi-unmanned stores that operate without workers late at night. Part of the cost-saving initiative It is part of the initiative to save costs by cutting down manpower. 80% of Emart24’s 5,300 stores are closed or without staff from 11pm to 6am, instead of openi...
Aeon might offload the business due to its weak performance and continued profit decline in South Korea. Sales down -4.2%YoY, operating loss US$12m The retailer reported KRW1.79 tn (US$1.5 bn) in revenue for the last fiscal year (from March 2020 to February 2021), a decrease of 4.2%YoY (year-on-year). It reported an operating loss of KRW14.3 bn (US$12m) during the same period. It is the ...

Presentations

17/01/2022
Five trends that will shape the convenience channel, with examples from Europe, Asia, North America and Latin America.
05/01/2022
We highlight five trends set to shape the food and consumer goods retail market across Asia in 2022.
13/12/2021
New five-year forecasts for grocery channels across Asia, giving your business a view on the impact of the pandemic over the coming years, as well as where to prioritise investment for future growth.
29/11/2021
A guide to South Korea’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.

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South Korea Country Presentation

A guide to South Korea’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.

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