The first CU convenience store has opened in Malaysia. South Korean retailer, BGF Retail signed a brand licensing deal with MyNews in October last year. Located in Centrepoint Bandar Utama, Petaling Jaya, Kuala Lumpur Source: CU Malaysia South Korean products account for 60% of all products Source: CU Malaysia The 165 sq m store sells popular Korean street food over t...

The number of health and beauty (H&B) stores in South Korea dips for the first time as more consumers turned to online shopping. 31 stores closed in 2020 Olive Young, lalavla and LOHB’s are the country’s three major H&B retailers.  As of December 2020, they have a combined 1,484 stores, down by 31 from one year earlier. This is in contract to a steady store expansion in previous years: 1,...

South Korean retail giant Shinsegae Group and technology behemoth Naver (Korea’s Google) are combining forces to gain a competitive edge in the fast changing ecommerce field. Signed a stock swap deal worth KRW250bn (US$221m) The two companies signed a strategic partnership agreement and a stock swap deal worth KRW250bn (US$221m) this week. “ We plan to establish a strong cooperation netw...