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The Business of Fashion

Seoul, South Korea

Luxury

Gucci Show Reaffirms Seoul’s Status as Capital of Pop Culture

K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress.

Global Markets

Seoul Fashion Week’s Hybrid Season Draws to a Close

This season, its face was Lee Jung-jae, the star of Netflix’s Squid Game — a signal of the event’s ongoing mission to help Korean designers ride the Korean wave (hallyu).

Global Markets

K-Beauty Giant Amorepacific Looks to Shift Gears In China

The group behind brands like Sulwhasoo, Etude House and Innisfree, is considering giving sales in the key market a much-needed boost by cutting back on physical stores and accelerating expansion of its premium offering and digital channels.

Global Markets

Galleria Department Store’s Annual Sales Hit 1 Trillion Won Mark

Sales at the 31-year-old South Korean retailer’s luxury outpost in Seoul’s Apgujeong neighbourhood reached 1 trillion won (around $844 million) for the first time.

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Global Markets

Korean Beauty Retailer Olive Young Eyes $1 Billion IPO

The health and beauty chain, also known as CJ Olive Young, is looking to raise $1 billion in a local public offering sources say will take place early 2022.

Global Markets

Department Store Sales Boost Shinsegae’s Q3 Earnings

The South Korean retail giant announced its net income for the July-September period of 2021 hit 188.9 billion won (around $160.4 million) on a consolidated basis, a sharp uptick from the 858 million won ($728,638) in profits it reported last year.

Global Markets

Korea’s Economic Recovery Fails to Boost Lotte Shopping Earnings

During the third quarter of its fiscal year, Lotte Shopping reported operating profit reached 28.9 billion won ($24.4 million), down 74 percent year-on-year, a recent filing revealed.

Global Markets

Shinsegae’s E-Commerce Arm SSG.com Plots IPO

The online marketplace owned by South Korean retail group Shinsegae is preparing for a listing on its local stock market, The Korea Times reports.

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Global Markets

Ami, Salvatore Ferragamo Jump on the K-Pop Ambassador Bandwagon

The Parisian brand named K-pop septet Enhypen its first global ambassadors, The Korea Herald reports, while the Italian luxury player has tapped

Global Markets

A Guide to South Korea’s Booming E-Commerce Market

The pandemic set off an online shopping frenzy in what was already one of the world’s most digitally savvy countries. Here’s what brands need to know.

Global Markets

South Korean E-Commerce Giant Begins Japan Expansion

The world’s fastest growing retailer, Coupang, launched delivery services in Tokyo on Thursday, kicking off plans to take on its first overseas

Global Markets

Kakao Races to Become South Korea’s Amazon

The mobile messaging app operator is looking to duplicate the US tech and retail giant’s success by growing its business into online shopping, fintech, media content and logistics.