Retail
LG’s LX Group to Launch On E-Commerce Fulfillment Service with Pantos
LX Group, an LG Corp. spinoff company, announced that it would be joining the global e-commerce industry. In particular, LX...
Lotte, Shinsegae Secures Assets Ahead of eBay Korea Bidding Finalization
The two South Korean retail giants, Lotte Group and Shinsegae Group increased their asset securitization efforts ahead of the eBay...
Kakao Challenges Local Rivals with E-commerce Platform Launch in July
Kakao Corp. currently prepares to participate in the South Korean e-commerce sector. In particular, Kakao would be launching its e-commerce platform...
Lotte, Shinsegae Bid to Acquire eBay, Korea’s 3rd-Largest Retail Platform
The two South Korean retail companies, Lotte Group, and Shinsegae Group submitted their binding bids to acquire eBay Korea. Investment banking sources said...
Naver Expand Innovative E-commerce Platform with Wallapop Partnership
Naver Corporation, South Korea’s top web portal operator, revealed it had formed a strategic investment in the Spanish virtual marketplace...
Coupang Files IPO in US for Next-Generation E-commerce Experience
South Korean e-commerce company Coupang Inc. announced they are filing for an initial public offering (IPO) in the US. Targeting...
COMEUP 2020 Day 3: The Future of Retail: A Tale of Blending Realities
The Ministry of SMEs and Startups successfully launched this year’s biggest startup festival in South Korea, the COMEUP 2020, from November 19-21. The...
LG’s Beer-Making Machine, HomeBrew, Facing Marketing Issues
LG’s out-of-the-blue appliance, HomeBrew, may be facing more hurdles than it expected. As a marketing strategy, the company plans to...
WiseApp says “Paris Baguette & Paris Croissant” gets highest Card Payment of 158.7 billion won in March
The app and retail analysis company WiseApp announced on April 16th that the bakery and bakery brands with the largest...
Wiseapp: Koreans spent the most at Starbucks in the beverage retail business
Koreans spent a lot, estimated at about 1.44 trillion won (about US$1.26 billion) with credit and check cards last year...