luxury shopping
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Date
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Retail
Rolex emerges as latest target of S.Korea’s luxury brand fever
Rolex watches are now the latest object of South Korea’s unwavering love for luxury goods. The high demand and limited supply of Rolex watches...
Aug 24, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor previews Genesis GV60, its first electric luxury CUV
Hyundai Motor Co. on Thursday unveiled the design of the GV60, the luxury Genesis brand’s first electric vehicle that sits on the E-GMP, the...
Aug 19, 2021 (Gmt+09:00)
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Automobiles
Luxury imported car sales growth at 5-yr high in S.Korea
Mercedes-Benz, BMW and Porsche have driven the double-digit growth of imported car sales in South Korea in the first seven months of this year, with...
Aug 17, 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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Tech, Media & Telecom
Apple adds LG Elec to iPhone vendor list in Korea
LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance mak...
Jul 29, 2021 (Gmt+09:00)
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Korean startups
Metaverse platform Maxst makes strong debut on Kosdaq
South Korea-based metaverse platform Maxst Co. made a strong debut on the country’s tech-heavy junior bourse Kosdaq on July 27 with its share ...
Jul 27, 2021 (Gmt+09:00)
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Earnings
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 ...
Jul 22, 2021 (Gmt+09:00)
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Cosmetics
Strong China sales lift Cosmax shares 20% in two months
Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...
Jul 13, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai launches first Genesis EV sedan G80 in Korea
Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...
Jul 07, 2021 (Gmt+09:00)
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Korean startups
Shopping app Ably raises another $55 mn
South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...
Jun 02, 2021 (Gmt+09:00)
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Retail
Chanel, Hermes, LV raise prices in Korea, but sales remain strong
Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...
Jun 02, 2021 (Gmt+09:00)
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Korean startups
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...
May 31, 2021 (Gmt+09:00)
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Travel & Leisure
Shinsegae Group unveils Josun Palace, its first super-luxury hotel
South Korea’s retail giant Shinsegae Group is strengthening its luxury hotel business with the grand opening of Josun Palace in the Gangnam ne...
May 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
May 10, 2021 (Gmt+09:00)
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E-commerce
Live commerce app Grip aims to take over the world via shopping
There's an app where users can shop as if they're video chatting with their friends. How does this work? A seller will introduce products via livest...
Apr 14, 2021 (Gmt+09:00)
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Automobiles
Hyundai rolls out customer-centric luxury SUV GV70
Hyundai Motor Co. has unveiled its brand-new Genesis sport utility vehicle (SUV) model GV70, the latest urban midsize SUV from the South Korean auto...
Dec 08, 2020 (Gmt+09:00)
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Mergers & Acquisitions
GS Retail, Home Shopping merge to become retail giant
South Korean conglomerate GS Holdings has decided to merge two of its retail units — the country's No. 1 convenience store chain operator and a ...
Nov 11, 2020 (Gmt+09:00)
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Automobiles
Hyundai’s five-year journey to build a luxury car brand
At Hyundai Motor Co.'s brand launch event held on Nov. 4, 2015, someone made an unexpected appearance on the stage, surprising the crowd. It was curre...
Nov 01, 2020 (Gmt+09:00)
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Cafe-goers' bucketlist
Felt Coffee introduces minimalism to Korean coffee shops
Two years ago, a new coffee shop appeared in Gwanghwamun, one of the busiest office districts in Seoul, redirecting the daily traffic of businesspeo...
Sep 30, 2020 (Gmt+09:00)
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Blackstone to buy stake in Korea’s largest shopping mall
The Blackstone Group has agreed to buy a 31.85% stake in South Korea’s largest shopping mall from the US developer Taubman Centers Inc. which is selli...
Feb 16, 2019 (Gmt+09:00)
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Meritz Real Estate underwrites $53 mn debt on luxury high rise in Manhattan
Meritz Real Estate Asset Management Co. Ltd. has underwritten five-year senior debt of 57.5 billion won ($53 million) secured on a super-luxury, 131-s...
Dec 22, 2017 (Gmt+09:00)
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Angelo, Gordon seeks to redevelop Korean bank building as luxury hotel
A consortium led by US investment firm Angelo, Gordon & Co. has been selected as a preferred buyer of a local bank’s building in Seoul, for which ...
Aug 10, 2017 (Gmt+09:00)
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Korean games
Samsung Electronics opens gaming-focused shopping platform(edited)
Samsung Electronics Co. on Monday launched the "Samsung Game Portal" on Samsung.com in Korea, as the South Korean tech giant seeks to strengthen i...
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