South Korea - News & Analysis

05 August 2021
Shinsegae’s grocery retail chain, Emart, has recently signed an agreement to purchase 80% of eBay Korea's shares for KRW3.44 tn (US$3.04 bn). An acquisition that will reshape Korea’s online landscape According to Statistics Korea data, SSG.com (Shinsegae’s online platform) accounts for 3% of total ecommerce transactions in South Korea, whilst eBay Korea accounts for about 12%. This acqui...
15 July 2021
The South Korean ecommerce company disclosed this week it is ready to start operations in Singapore. As a first step, it has completed the hiring of senior executives in the country. Testing the water for its Southeast Asia strategy The move is seen as Coupang’s intention to use Singapore to test its Southeast Asia growth strategy. Although Singapore is small in size, with only six million ...
09 July 2021
South Korean grocery retailer Homeplus has appointed its new chief marketing officer in an executive reshuffle announced on Thursday. Appointed former CEO of McDonald’s Korea as its new CMO Homeplus has appointed former CEO of McDonald’s Korea Cho Ju-yeon as its new chief marketing officer. She was the first female CEO at the South Korean unit of the fast food restaurant. Source: ...
01 July 2021
The South Korean retailer has created the unit by merging its two existing retail arms – the old GS Retail and GS Home Shopping. The new retail business unit consists of four sub-units The new GS Retail, officially launches on Thursday 1 July 2021, consists of four sub-units: GS25 (convenience stores) GS Supermarket (supermarket format) Online platforms, and Home shopping bus...
30 June 2021
The South Korea convenience operator announced that it has launched a delivery service using an artificial intelligence-based robot at a second location in Seoul. Increased efficiency and commercial gain The second AI-powered robot has been launched at GS25's GS Tower branch in Yeoksam-dong in the Gangnam area. The company first unveiled the service last year. The robots can carry up to 15 ...
18 June 2021
South Korean ecommerce giant Coupang has made its first international foray in neighboring Japan, a move that was supported by investor SoftBank. Offering its delivery service in Tokyo as a pilot project Coupang is testing its delivery service in selected locations in Tokyo. Same day delivery service will be available in the Nakanobu area as of this month. The company is now well establi...
02 June 2021
The Dairy Farm Group’s health and beauty banner Mannings will carry the products of South Korean healthcare retailer Olive Young in Hong Kong. Over 100 brands from Olive Young available in 300 Mannings stores More than 100 beauty and personal care brands from Olive Young will be available in over 300 outlets of Mannings, as well as its online store.  These products include Olive Young’s bes...
24 May 2021
South Korea’s largest supermarket chain operator Emart (owned by Shinsegae) revealed in its shareholder meeting documents in May that it will exit Vietnam. Set to exit after six years of operation The company announced that it will sell 100% of its interest in Emart Vietnam Co. Ltd., which was opened in 2015. Emart entered Vietnam with one supermarket in Ho Chi Minh city, which had an in...
21 May 2021
South Korean convenience store chain GS25 has announced to open three stores in Ulaanbaatar, the capital of Mongolia, in the first half of this year. Signed a franchise agreement with Mongolian company Shunkhlai The launch in Mongolia marks GS25’s second international expansion after Vietnam. The company signed a franchise agreement with Mongolian company Shunkhlai, under which GS25 will re...
21 May 2021
We round up the latest initiatives and developments from South Korea’s convenience retailers, covering topics such as beauty & cosmetics, green environment, subscription service and COVID-19.  Beauty & Cosmetics: CVS as a new sales channel Convenience stores are emerging as a new channel for cosmetics products: GS25's cosmetics sales up +18.2% vs. 2019 CU's cosmetics sales up +6.7%...