April 16, 2024

• 

[THE INVESTOR] Line Friends, the character merchandising unit of Japan-based mobile messenger Line, will open its first store in the US at Times Square in New York City on July 21, the company announced on Twitter.

According to Line Friends, July 21 will mark the store’s “pre-opening” ahead of the official grand opening day slated for August. This is so that the firm can have time to test operate and optimize the store in line with consumer needs before the official opening, a company spokesperson said on July 19.

 

Billboard ads featuring Line Friends characters are displayed at Times Square in New York City. Line Friends

The upcoming character store, spanning 430 square meters, will be located on 1515 Broadway that houses the renowned musical “Lion King.”

It will be the first-ever large-scale Asian character brand store to open in the US as well as commemorate the one-year anniversary of Line’s public listing on the New York Stock Exchange, Line Friends said.

The New York store is slated to sell Line Friends’ flagship character-based products, including an array of new items tailored to the US market, the firm said.

Founded in 2015, Line Friends Corp. is a 100 percent-owned subsidiary of Naver-owned Line Corp. that operates the Line mobile messenger.

It creates various consumer products including dolls and stationery based on the signature characters featured as “virtual stickers” on Line messenger such as Brown, Choco and Cony.

Line Friends currently operates 78 stores in 11 countries, including Korea, Taiwan, Singapore, Indonesia, Japan, China, Thailand and Hong Kong. And now, it is branching out for the first time to consumers in the West.

So far, Line Friends has collaborated with hundreds of major consumer companies such as global stationery brands Lamy and Moleskin, premium furniture maker Mr. Maria and cosmetic brands L’Occitane en Provence and Missha.

Line Friends CEO Kim Sung-hoon expressed confidence in the character brand’s outlook in the US in a statement to the media in March this year.

“We’ve built up a foundation (for success), having opened a Line Friends pop-up store in New York’s Times Square in 2014 and featured large LED billboard advertisements in late 2015,” Kim said in March.

“Starting with New York, we will speed up our efforts to ramp up our presence in various markets around the globe,” he said,

By Sohn Ji-young/The Korea Herald (jys@heraldcorp.com)