Korean REITs total assets surpass $58 bn in 2021

Korean REITs total assets surpass $58 bn in 2021

The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...

Lotte, Shinsegae compete head-on for Ministop Korea

Lotte, Shinsegae compete head-on for Ministop Korea

South Korea's two retail heavyweights Lotte and Shinsegae are in head-to-head competition for the country's fifth-largest convenience store chain Mi...

Kosdaq: Will January effect occur in 2022?

Kosdaq: Will January effect occur in 2022?

South Korea’s tech-heavy Kosdaq index tends to rise every January as many Korean retail investors rush to dump their stocks just before the ex...

Cosmetics brands shift to video influencers from celebrities

Cosmetics brands shift to video influencers from celebrities

 As influencers on YouTube and social media platforms are becoming central to the marketing efforts of companies, South Korean cosmetics brands...

GS Retail invests $55 mn in Kakao Mobility to boost online presence

GS Retail invests $55 mn in Kakao Mobility  to boost online presence

GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of...

Korean retailers scale back on Southeast Asian operations

Korean retailers scale back on Southeast Asian operations

South Korea's top three retail groups -- Lotte, Shinsegae and GS -- are struggling with increased losses in the Southeast Asian market, once believe...

SK to invest $340 mn in Vietnam’s major retail platform The CrownX

SK to invest $340 mn in Vietnam’s major retail platform The CrownX

South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...

Citibank's exit from Korean retail market to cost up to $1.5 bn

Citibank's exit from Korean retail market to cost up to $1.5 bn

Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wo...

Korean apparel retailer F&F returns as market darling after relisting

Korean apparel retailer F&F returns as market darling after relisting

South Korean outdoor clothing retailer F&F Co. has returned as one of the most coveted stocks on the main bourse, with its share price nearly tr...

Jeju as Korea's new shopping mecca: Shinsegae's task ahead

Jeju as Korea's new shopping mecca: Shinsegae's task ahead

Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...

Citibank Korea to shut down retail business in phases

Citibank Korea to shut down retail business in phases

Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...

K-pop fan engagement platform DearU begins process for Nov IPO

K-pop fan engagement platform DearU begins process for Nov IPO

How much will you pay to chat with your favorite K-pop groups such as TWICE every day? A South Korean startup generated 20 billion won ($16.9 millio...

Market boom drives more S.Koreans to become angel investors

Market boom drives more S.Koreans to become angel investors

Angel investing has become widely prevalent among South Koreans. The practice of providing capital for new and small business ventures, which were t...

Millennials now S.Korea’s largest buyer of luxury goods

Millennials now S.Korea’s largest buyer of luxury goods

The millennials have become the largest spenders on luxury goods at department stores in South Korea. According to joint research by The Korea Econo...

Citibank Korea’s retail banking exit faces stumbling block

Citibank Korea’s retail banking exit faces stumbling block

The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...

Shinsegae’s omnichannel strategy drives up share prices of key affiliates

Shinsegae’s omnichannel strategy drives up share prices of key affiliates

South Korean retail conglomerate Shinsegae Group’s key affiliates are enjoying upward revaluation of share prices. Not only the market is faci...

Delivery Hero sells Yogiyo to GS Retail, Affinity-led group

Delivery Hero sells Yogiyo to GS Retail, Affinity-led group

Germany’s Delivery Hero SE has signed an agreement to sell South Korea’s second-largest food delivery platform Yogiyo to a consortium of...

Shinsegae's e-commerce arm SSG.COM seeks 2022 IPO

Shinsegae's e-commerce arm SSG.COM seeks 2022 IPO

SSG.COM, the e-commerce brand of South Korea's retail titan Shinsegae Inc., has begun the process to go public next year, with its valuation estimat...

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...

S.Korea to launch first carbon credit ETFs in September

S.Korea to launch first carbon credit ETFs in September

South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...

Shinsegae to invest about $900 mn in department stores

Shinsegae to invest about $900 mn in department stores

South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...

Krafton IPO draws lukewarm demand from retail investors

Krafton IPO draws lukewarm demand from retail investors

Korea’s major game developer Krafton Inc’s much-anticipated IPO subscription has closed by only drawing a muted response from investors....

China's top travel agency to join bid for Korea's online retail platform

China's top travel agency to join bid for Korea's online retail platform

China’s leading online travel agency (OTA) Trip.com will be joining the race to acquire South Korea’s online retail platform Interpark C...

HK inno.N’s IPO attracts $25 bn from retail investors

HK inno.N’s IPO attracts $25 bn from retail investors

HK inno.N Corp. (inno.N), a pharmaceuticals unit of Kolmar Korea, drew a massive $25 billion from retail investors for its listing thanks to its s...

Shinsegae enters alternative meat market with own brand

Shinsegae enters alternative meat market with own brand

South Korea’s retail conglomerate Shinsegae Group’s food affiliate Shinsegae Food Inc. has entered the fast-growing alternative meat mar...

Tencent, Korea Value poised to see sixfold return from KakaoBank

Tencent, Korea Value poised to see sixfold return from KakaoBank

Chinese technology giant Tencent Holdings, Korea Value Asset Management Co. and South Korea's top lender Kookmin Bank are among a group of sharehold...

KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season

KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season

South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...

Naver to boost content, shopping businesses in Q4 via Shinsegae alliance

Naver to boost content, shopping businesses in Q4 via Shinsegae alliance

South Korea’s top portal operator Naver Corp. plans to beef up its shopping and content businesses in the second half of this year, backed by ...

Apparel retailer F&F joins in $1.7 bn TaylorMade deal

Apparel retailer F&F joins in $1.7 bn TaylorMade deal

F&F Co., the South Korean retailer of the outdoor clothing brands Discovery Expedition and MLB, has been selected as the strategic buyer of Tayl...

Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration

Shinsegae-Naver alliance to sell local-themed meal kits as first collaboration

Shinsegae Group and Naver Corp. have jointly devised their first retail business model in about four months after their long-term business agreement...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan