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The Korea Herald

Retail & Consumer

July 20, 2018
Uniqlo’s sister brand GU to enter Korea in September

[THE INVESTOR] Japan-based fast fashion brand GU, a sister brand of Uniqlo, will open its first outlet in Seoul on Sept. 14. “We hope to have a synergy effect in the Korean market,” GU CEO Osamu Yunoki said in a statement. Fast Retailing in 2006 launched GU, which is a brand that sells product...
July 19, 2018
Innisfree, Tmall open new store in Hangzhou

[THE INVESTOR] Innisfree, a budget cosmetics brand of Korean beauty giant Amorepacific, on July 18 announce that it has jointly opened a new store in Hangzhou with Alibaba’s online e-commerce platform operator Tmall. The launch of the new store came after the Chinese e-commerce giant announced i...
July 19, 2018
SC Bank’s PE arms to sell stake in Mad for Garlic

[THE INVESTOR] Standard Chartered Bank’s private equity arms -- Standard Chartered Private Equity and Finventure -- will sell their stake in Mad for Garlic, an Italian restaurant chain specializing in garlic-infused dishes, according to industry sources on July 19. SC Bank currently has 71.42 pe...
July 19, 2018
AI expert tapped to head online retailer 11st

[THE INVESTOR] An artificial intelligence expert has been chosen to take the helm at Korea’s top online shopping mall 11st that is slated to set sail as a new company, SK Group said on July 19. 11st will be hived off from SK Planet., a subsidiary of Korea’s No. 1 mobile carrier SK Telecom, a...
July 18, 2018
Coupang launches new online affiliate marketing system

[THE INVESTOR] Korean e-commerce firm Coupang on July 17 launched a new online affiliate marketing system which allows influencers and content creators to easily introduce products sold on its platform with some commission fees in return. “Coupang Partners will be a new revenue source for blogge...
July 18, 2018
Ministop Korea denies rumors of closing shop

[THE INVESTOR ] Ministop Korea, local unit of the Japan-based convenience store operator, on July 18 denied reports of selling its business here. “It is simply not true,” a Ministop spokesperson told The Investor. “We hear this every year because of our market share, which is smaller than the ...
July 18, 2018
Shinsegae opens new duty-free store in Seoul

[THE INVESTOR] Shinsegae DF, the duty-free arm of Korean retail giant Shinsegae, opened its second outlet in Seoul on July 18, as the company accelerates its push to expand its presence in the domestic duty-free market. The five-story outlet with some 350 brands is located at Central City, whi...
July 17, 2018
Hahn & Co. to receive LOI from Woongjin Foods bidders in July

[THE INVESTOR] Hahn & Co has decided to accept letters of intent from bidders for Woongjin Foods this month, according to industry sources on July 17. The PEF and its deal manager Citi Group Global Market Securities have reportedly finished drawing up an information memorandum containing details ...
July 17, 2018
Lotte Mart to expand further in Mongolia

[THE INVESTOR] Korean retail giant Lotte Mart on July 17 announced that it will further expand its presence in Mongolia by exporting private label products before opening its first hypermarket. Earlier this year, Lotte Mart signed a contract with local retailer Nomin Holdings to launch an outlet ...
July 16, 2018
Education startup Yanadoo picks Korea Investment & Securities as IPO manager

[THE INVESTOR] Korean online English and Chinese education startup Yanadoo selected Korea Investment & Securities as its initial public offering manager, according to industry sources on July 16. According to sources, Yanadoo selected IPO manager without going through the official procedures of s...
July 16, 2018
E-mart set to open cosmetics store in Saudi Arabia

[THE INVESTOR] E-mart announced that it is set to launch its first cosmetics outlet Scentence in Saudi Arabia on July 22. “The fast-growing cosmetics industry in Middle East is an attractive market, and we are expecting stable growth there due to boom of K-beauty,” E-mart official Jung Kyung-A...
July 12, 2018
GS Retail acquires stake worth W33b in Thrive Market

[THE INVESTOR] GS Retail , operator of convenience store chain GS25, on July 12 announced that it has signed a contract to acquire a stake worth 33 billion won (US$29.29 million) in US-based e-commerce firm Thrive Market. This is GS Retail’s first investment outside Korea. The company will comp...
July 12, 2018
E-mart injects W69b in its convenience store chain

[THE INVESTOR] E-mart , Korea’s largest discount chain operated by Shinsegae, on July 11 announced that it has injected 69 billion won (US$ 61.21 million) in its convenience store chain Emart24. E-mart funded Emart24 through buying the convenience stores chain’s newly issued 12 million shares....
July 11, 2018
Homeplus to open new outlet with warehouse features in Seoul

[THE INVESTOR] Homeplus is set to open a new renovated hypermarket with warehouse features in Seoul, the second largest retailer in Korea announced on July 11. The company will open a new Homeplus Special store as part of a new vision and business strategy, CEO Lim Il-soon said in a press confere...
July 11, 2018
E-mart acquires shares worth W34.3b from owner family

[THE INVESTOR] South Korean discount chain operator E-mart has acquired shares of Shinsegae group worth around 34.3 billion won (US$30.58 million) from its owner family, which includes Chairwoman Lee Myung-hee, her husband Chung Jae-eun and son Chung Yong-jin. “The acquisition was to simplify ...

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