South Korea - News & Analysis

14 January 2021
Lim Il-soon, chief executive of South Korean retailer HomePlus, is stepping down after leading the business for about three and a half years. The first female CEO in the industry with great achievements Appointed in October 2017, Lim was the first female CEO in the grocery industry in the country. Homeplus said Lim has brought many positive transformations for the company: L eading ...
11 January 2021
Olive Young, South Korea’s largest health and beauty retailer, announced last week to open an online shop on Shopee, Southeast Asia’s biggest ecommerce platform. Available in Indonesia and Malaysia first About 300 products under Olive Young’s six private brands, WAKEMAKE, colorgram, RoundAround, Botanic Heal boH, Bring Green and Filllimilli, will be available on Shopee. These items will ...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
10 December 2020
South Korea’s largest supermarket chain operator Emart is likely to exit Vietnam in the face of regulatory hurdles. Struggling to expand Emart, owned by Shinesegae, opened its first outlet in Vietnam in 2015. It has plans to open five to six more stores. However the project has been delayed due to licensing issues. The company still has just one store. Emart said it has maintained a high ye...
08 December 2020
Emart, South Korea's largest supermarket chain operated by Shinsegae, said in November that it will shut down its PK PEACOCK stores. Closing because of business insufficiency and unprofitability Targeting one- and two-person households, as well as housewives in their 40s and 50s, Emart launched its first PK PEACOCK store in 2018, catering to the rising demand for home meal replacement (HMR)...
26 November 2020
To lure shoppers back, South Korea’s department store operators are converting store spaces into art galleries. An innovative initiative to differentiate and drive footfall The country’s leading department store chains all suffered greatly since the outbreak of the pandemic, with sharply declined sales and depleting footfall. To differentiate and win shoppers back, all major operators ar...
25 November 2020
South Korea’s largest mobile carrier, SK Telecom Co., announced a partnership with Amazon last week. This strategic relationship marks the US ecommerce giant’s first step into the country. A partnership that generates mutual benefits SK Telecom said that users of its 11Street platform will be able to access a wide range of products sold by Amazon. Through the partnership, Amazon will be a...
17 November 2020
South Korea’s leading private equity firm MBK is making plans to exit from its investment in the country’s third largest grocery retail chain, Homeplus. Selling top branches and poised to exit MBK owns a 100% stake in Homeplus after paying KRW7.2 tn (US$6.5 bn) in 2015 . Homeplus Union claimed that MBK sold several real estate assets, including branches, land and employee training and ...
10 November 2020
The leading retailer's ecommerce platform, SSG.com, will launch new market service in December, in direct competition with Coupang. Host small dealers to increase online SKUs Currently SSG.com sells products directly purchased from suppliers or partners. The 10m products that it carries only account for 10% of SKUs on an average online marketplace. By hosting smaller dealers on its pla...
30 October 2020
The country’s leading cosmetics manufacturer, AmorePacific, opened a “refill station” -- a first in the nation’s beauty industry. A variety of sales methods are required to meet shopper needs According to Korea Bizwire, the refill station is at the AmorePacific Gwanggyo store that opened last week in Suwon, Gyeonggi Province. The station has 15 different kinds of shampoo and body washe...