This year, South Korea’s three major department store operators—Lotte, Shinsegae, and Hyundai—all recorded their highest-ever foreign sales in the first half of the year. Combined foreign sales for ...

A weaker won, rising tourism and demand for K-beauty and luxury goods are pushing foreign spending at Korea’s top department ...

SEOUL, March 1 (UPI) --A growing number of businesses are taking advantage of artificial intelligence. One such company is South Korea's Hyundai Department Store, which announced it will use AI ...

The app features more than 3,000 brands and has generated around $35.3 million in gross merchandise value since its soft ...

One corner of South Korea's battered retail industry has been quietly smiling. Department stores have posted steadily rising results year after year, undeterred by high inflation and a weak won. The ...

SEOUL — The South Korean luxury goods market is showing signs of a slowdown but industry observers stress that the market, Asia’s third largest after China and Japan, remains an important one in the ...

South Korea's major department stores are set to host more than 2,000 pop-up stores this year alone, as a distinctive pop-up culture that has become a hallmark of Korean retail continues to captivate ...