Virtual CU to open on a virtual Han in Zepeto metaverse

BGF Retail signed a big metaverse deal, appropriately in the metaverse itself, with CEO Lee Keon-jun and Kim Dae-wook, CEO of Naver Z, meeting in the virtual world to formalize the cooperation between the companies.

2021-05-26

GS25 poster strikes some as man-hating

GS25 is facing a backlash over a camping food poster that some people see as a reference to radical feminism and misandry, or hatred of men.

2021-05-03

GS Retail hit with massive FTC fine for gapjil against suppliers

The offenses were dramatic examples of gapjil, the Fair Trade Commission said, using the Korean expression for abusing a superior position to take advantage of those relatively weak.

2021-04-14

Branching out

An employee stacks fruit at a GS Supermarket in Indonesia. GS Retail on April 13 announced that it has succeeded in securing roughly 32 billion won ($2.8 million) from Indonesian investment firm PT NIS.

2021-04-13

Market Kurly offers halfhearted response to all-out price war

Market Kurly is holding a sale as its competitors engage in what appears to be a full-scale price war.

2021-04-12

Experiential retail: brick and mortar and the bizarre

Experiential retail is the one of the latest marketing tools being used to attract the young to shops, the most bizarre of gimmicks being rolled out to get people through the door and to get them to post a picture of what they have found.

2021-04-08

Investors miffed after believing Wolf-of-Wall-Street bucket shops

A 41-year-old skincare specialist who started investing in stocks early last year lost millions of won after she joined an online paid chat room that claims to provide exclusive information on the stock market.

2021-04-06

ESG wave continues as fashion and duty free buy in

The latest fad in fashion and retail is environmental, social and governance (ESG)--at least in terms of the ‘E’ and 'S' in ESG.

2021-03-25

Retailers prepare for the coming competition storm

The big retail shakeup has started as the marts and markets react to Coupang’s New York IPO and prepare themselves for the sale of eBay Korea, which could change the competitive landscape and significantly shift market shares.

2021-03-24

Number of investors in Korea jumps more than 50 percent

The number of stock investors jumped nearly 49 percent in 2020 from a year earlier amid a strong market run, industry data showed Tuesday.

2021-03-16

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