Luxury goods platform MUST'IT raises over $10 mn from VC firms

Luxury goods platform MUST'IT raises over $10 mn from VC firms

South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...

Fashion platform Ably looks to raise over $20 mn

Fashion platform Ably looks to raise over $20 mn

South Korea-based Ably Corporation, the operator of fashion platform Ably, is seeking to raise around 40 billion won ($35.3 million), attracting a p...

SoftBank Ventures invests in fashion app targeting middle-aged women

SoftBank Ventures invests in fashion app targeting middle-aged women

South Korea-based Queenit, a fashion mobile platform targeting middle-aged women, has secured around 5.5 billion won ($5 million) from a pool of hig...

Heated shopping platform M&As shake up fashion industry

Heated shopping platform M&As shake up fashion industry

South Korea's fashion industry is all shook up following the No. 1 online fashion platform Musinsa's decision to acquire 29CM, the country’s s...

Fashion platforms for MZers attract investors; valuations surge

Fashion platforms for MZers attract investors; valuations surge

Fashion e-commerce platforms that have become mainstream shopping venues for millennials and Generation Z, or MZers, are seeing their valuations sur...

Kakao to buy fashion app, pushing aside eBay Korea

Kakao to buy fashion app, pushing aside eBay Korea

Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targe...

Shinsegae buys Korean online fashion mall from IMM PE

Shinsegae buys Korean online fashion mall from IMM PE

Shinsegae Group has acquired South Korea's leading online fashion platform from IMM Private Equity, in a transaction estimated at between 250 billio...

Online fashion platform Musinsa raises $115 mn from VC firms

Online fashion platform Musinsa raises $115 mn from VC firms

South Korea’s top online fashion retailer Musinsa has raised another 130 billion won ($115 million) from Sequoia Capital and IMM Investment, g...

SK teams with Plug Power to tackle Asia's hydrogen ecosystem

SK teams with Plug Power to tackle Asia's hydrogen ecosystem

South Korea-based SK Group is ready to take on the growing Asian fuel cell market, having finalized a $1.6 billion deal to acquire around a 10% stak...

Hyosung TNC: Shifting from yarn maker to eco-fashion trendsetter

Hyosung TNC: Shifting from yarn maker to eco-fashion trendsetter

Hyosung TNC Corp., known for decades as a nylon and fiber yarn maker, has launched a clothing brand unveiling garments made of recycled polyester ...

S.Korea's online fashion platform eyes global expansion

S.Korea's online fashion platform eyes global expansion

Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean co...

Masks as fashion statement through art collaboration

Masks as fashion statement through art collaboration

Face masks have become essential in the COVID-19 era to prevent the spread of the virus. But aside from protecting users against the pandemic, masks...

Fashion platforms Musinsa, Zigzag hit jackpot thanks to Gen Zers and millennials

Fashion platforms Musinsa, Zigzag hit jackpot thanks to Gen Zers and millennials

South Korea’s online fashion apps are booming thanks to their ability to attract Gen Zers and millennials. This year, the top five players&r...

K-beauty, fashion companies ride ESG wave

K-beauty, fashion companies ride ESG wave

South Korea's fashion and beauty companies are jumping on the environmental, social, governance (ESG) bandwagon to lure more environmentally conscious...

Hyosung’s recycled yarn from PET bottles lures fashion brands

Hyosung’s recycled yarn from PET bottles lures fashion brands

Hyosung TNC Corp. is experimenting with something that may seem strange in the eyes of some: making recycled yarn from discarded PET bottles, in a pro...

Korean men in pink, disrupting traditional fashion

Korean men in pink, disrupting traditional fashion

Global K-pop sensation BTS made headlines when they all dressed in pink for their "Boy with Luv" music video. The color pink, a so-called feminine c...

Hyundai Motor unveils sustainable fashion collection from recycled car materials

Hyundai Motor unveils sustainable fashion collection from recycled car materials

Hyundai Motor Co. displayed fashion items made of discarded materials from the automotive manufacturing and scrapping process on Oct. 8, calling it a ...

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