Retail sales in the first 11 months of last year fell 2.1 percent on year as Koreans cut back on spending on all types of goods.
Korea's relaxed office dress codes have reshaped men's fashion, ditching suits in favor of personalized, casual styles that blend comfort with individuality.
The Grand Department Store in Goyang will close on February 28, marking the end of VenueG's retail presence.
Hit dishes created by Chef Edward Lee and Chef Auntie Omakase #1 during Netflix's cooking series "Culinary Class Wars” will be available for customers starting next week.
GS Retail will create a course training future retail merchandisers at Kyung Hee University, aiming to collaborate with students when creating new products.
Jaju, a Korean lifestyle brand, is rebranding to incorporate traditional elements into its minimalist designs, debuting new products at a pop-up in Bukchon Hanok Village.
As Korea faces political turmoil, the weakened won is driving up food prices, especially for imported staples like flour and corn. F&B companies are exploring cost-cutting measures to manage rising expenses.
December, typically a big month for retailers, is looking bleak as the ongoing political turmoil is expected to dampen consumer sentiment.
Following President Yoon Suk Yeol’s martial law announcement, Koreans increased purchases of essentials like water and instant noodles.
Korea's "Big Four" duty free firms are offering early retirement packages as the industry suffers from a shift in tourist priorities.
Korea JoongAng Daily Sitemap
