South Korea’s largest multiplex operator, CJ CGV, is scaling back operations as it grapples with sluggish earnings, with plans to shut four theaters this month following a round of voluntary...
Coupang’s revenue in 2024 reached 41.29 trillion won ($30.27 billion), marking a 29% increase from the previous year. The company, founded in 2010 with an initial capital of 3 billion won ($...
Chinese e-commerce platforms, including AliExpress, Temu, and Shein, are ramping up their presence in South Korea, shifting from cross-border sales of ultra-low-cost Chinese goods to establi...
A convenience store may not be the first place shoppers think of for fashion, but GS25 is betting that will change. South Korean convenience store chain GS25 is partnering with the country’s...
ABLY Corp., the operator of the ABLY style commerce platform, announced on Dec. 2 that it has secured a 100 billion won ($75 million) investment from Alibaba Group. The move marks Alibaba’s ...
The recent issues involving TMON and WeMakePrice have revealed significant vulnerabilities in the gift card market. In an effort to secure liquidity, both companies offered steep discounts o...
Shin Yu-yeol, the eldest son of Lotte Group Chairman Shin Dong-bin, is set to take on a more prominent role in the company’s domestic management. With his military service exemption effectiv...
Lee, who is a VIP customer of Bvlgari in Korea, received a surprising phone call from the brand’s sales professional. The sales professional informed her that the discount benefits for VIP m...
Samsung Electronics’ Russian plant which has been shut down in the aftermath of the special forces operation in Ukraine, may be sold or leased to a local company, according to Russian news s...
Kangwon Land, operator of the only casino in South Korea at which locals are permitted to gamble, has confirmed the appointment of Choi Cheol-Gyu as Vice President. Choi was appointed as the...
