Art Store
Scope
Date
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Mergers & Acquisitions
Lotte acquires Ministop Korea for $260 mn from Aeon
South Korea's Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country's fifth-largest con...
Jan 23, 2022 (Gmt+09:00)
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M&As
Lotte Group beats Shinsegae to acquire Ministop Korea
Lotte Group beat its retail rival Shinsegae Group in a competition to buy South Korea’s fifth-largest convenience store chain Ministop Korea. ...
Jan 17, 2022 (Gmt+09:00)
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IPOs
Korea’s No. 2 art auction house to go public in Jan
K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...
Dec 16, 2021 (Gmt+09:00)
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Cryptocurrencies
Domestic NFT art sale surpasses 3.5 bitcoin; concerns of market turbulence
Last week, a piece of non-fungible token art by digital artist Jang Koal was sold for more than 3.5 bitcoin or around 200 million won ($168,314) on ...
Nov 30, 2021 (Gmt+09:00)
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IPOs
Korea homegrown app begins process for H1 2022 listing
One store Co., the South Korean homegrown app store developed by the country’s top online platform Naver Corp. and three telecom carriers, is ...
Nov 26, 2021 (Gmt+09:00)
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Venture capital
Fractional investing platforms for art to Rolex lure VCs
The growing popularity of fractional investment in celebrated artworks, music copyrights and luxury items has spurred a flurry of venture capital in...
Nov 17, 2021 (Gmt+09:00)
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Korean food
Pulmuone to expand alternative meat business in the US
South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...
Nov 09, 2021 (Gmt+09:00)
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Korean games
NCSoft reclaims throne with new mobile game Lineage W
Lineage W, developed by South Korea’s NCSoft Corp., has swiftly reclaimed the top spot in the country's mobile gaming market just three days s...
Nov 07, 2021 (Gmt+09:00)
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Retail
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 ...
Nov 04, 2021 (Gmt+09:00)
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Korean eyewear startup to again design China's top dept store hall
South Korean eyewear brand Gentle Monster is slated to design the luxury hall space of the Chengdu branch of SKP, China’s top department sto...
Nov 01, 2021 (Gmt+09:00)
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Food & Beverage
Next K-wave in Asia: Convenience stores
When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...
Oct 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Shopping to acquire furniture maker Hanssem with IMM PE
Lotte Shopping Co., South Korea’s top department store operator, is set to acquire Hanssem Co. with IMM Private Equity.IMM PE selected Lotte S...
Sep 10, 2021 (Gmt+09:00)
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E-commerce
Amazon Global Store shakes up S.Korea’s e-commerce scene
Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...
Sep 08, 2021 (Gmt+09:00)
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Apple Likely Has More App Store Deals to Make
As Apple Inc. works to negotiate its way out of its App Store troubles, one thing is becoming increasingly clear: the technology titan mig...
Sep 08, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea curbs in-app payment plans by Google, Apple
The South Korean parliament has passed the world's first bill to banGoogle, Apple Inc. and other app store operators from forcing certain payment sc...
Sep 01, 2021 (Gmt+09:00)
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Private equity
Now is the time for PEFs to show their art of exit
Leading private equity firms, including Bain Capital, KKR & Co. and MBK Partners, appeared to have turned to an exit mode in South Korea this ye...
Aug 27, 2021 (Gmt+09:00)
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E-commerce
Amazon teams up with SK’s 11Street to offer Global Store for Koreans
SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...
Aug 26, 2021 (Gmt+09:00)
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Korean games
Netmarble’s new Marvel game tops App Store downloads in 117 countries
South Korean game developer Netmarble Corp.’s Marvel Future Revolution, a new Marvel IP-based open-world action RPG, has topped the list of Ap...
Aug 25, 2021 (Gmt+09:00)
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Retail
Japan’s Aeon plans to sell off struggling Ministop Korea
South Korea’s fifth-largest convenience store chain Ministop Korea Co. is up for sale by its owner, the Aeon Group of Japan. Ministop Korea is...
Aug 23, 2021 (Gmt+09:00)
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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...
Aug 13, 2021 (Gmt+09:00)
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Retail
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...
Aug 11, 2021 (Gmt+09:00)
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Business & Politics
The art of the apology
Apologies are a thorny topic for business executives and private individuals alike. How should a company or an organization issue an apology? On socia...
Aug 04, 2021 (Gmt+09:00)
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Metaverse
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
Jul 26, 2021 (Gmt+09:00)
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Culture & Trends
Lee Kun-hee’s art collection exhibited from this month in Seoul
The lavish art collection donated by the Samsung Group following the death of group chairman Lee Kun-hee will be shown to the public from July 21. The...
Jul 20, 2021 (Gmt+09:00)
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Arts
Korea’s art sales set for triple-digit growth in 2021
South Korea’s art market is projected to double or even triple in size this year, thanks to the widening of the customer base across all gener...
Jun 29, 2021 (Gmt+09:00)
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Food & Beverage
Malaysia becomes preferred destination for Korea’s convenience chains
South Korea’s major convenience store chains are rushing to enter the Malaysian market. E-Mart 24, the convenience chain operated by Shinsegae...
Jun 24, 2021 (Gmt+09:00)
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Life & Arts
Art auction sales in Korea soar to highest point since 2008 financial crisis
South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...
Jun 23, 2021 (Gmt+09:00)
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The Deep Dive
Behind Korea’s bizarre 'open run' race for Chanel bags
In South Korea today, running has become an increasing part of everyday life, particularly at a place where you would least expect to see a large gr...
Jun 08, 2021 (Gmt+09:00)
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E-commerce
Naver to challenge Amazon with launch of Smart Store platform in Spain
South Korea’s top online portal operator Naver Corp. is taking its online shopping platform Smart Store to Spain to support small merchants in...
Jun 06, 2021 (Gmt+09:00)
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Wealth management
Songs and art: Fractional investing bedazzles millennial investors
Meet Mr. A, born in the '80s and a self-proclaimed "analog person" who enjoys collecting CDs and artbooks of his favorite painters. But recently, Mr...
May 17, 2021 (Gmt+09:00)