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Three decades after a single burrito shop in Denver opened on the idea that food has the power to change the world, Chipotle Mexican Grill will carry that ethos into its very first Asian store in Gangnam on Wednesday. Chipotle said that Korea has the consumers and the partner it needs to anchor its expansion across Asia under its vision of "Food with Integrity," and Gangnam is a fitting foothold as a leading commercial district. "This represents a very significant milestone in the growth strateg
Musinsa said Monday it has posted record first-half earnings with 821.7 billion won ($598.4 million) in consolidated sales, up 22 percent from the same period last year, as the Korean fashion retailer saw both its online and offline businesses grow at home and abroad. According to Musinsa, it logged 65.7 billion won in operating profit on a stand-alone basis during the January-to-June period this year, up 13.1 percent on year. In the second quarter alone, Musinsa opened 10 new stores across Kore
CJ Olive Young saw 1 trillion won ($727 million) in annual foreign sales through August, putting it three months ahead of last year's pace, as tourists spread purchases past Seoul and across the country. According to the retailer Monday, the milestone, which took until November to reach last year, came on 11.01 million foreign transactions over the same period, or roughly one purchase every 0.9 second during store hours. Foreign shoppers, who came from 192 countries and territories according to
N Seoul Tower has opened early-bird ticket sales for the Namsan Wine Festa slated for Oct. 12 to Nov. 8, its operator CJ Foodville said Monday. Titled “Fall in R.E.D. Festa,” the event will bring together wine, food and seasonal activities against the backdrop of Namsan’s fall foliage. The program includes Namsan Wine Festa and Autumn Taste Road, featuring limited-time menu items from food and beverage outlets at the tower. Namsan Wine Festa takes place Oct. 17-18 and Oct. 24-25 at the N Seoul T
Lotte Wellfood said Sunday it opened a K-Snack House pop-up at Lotte Department Store’s Main Store in Myeong-dong, central Seoul, to promote Korean snacks to overseas tourists. The launch comes amid record inbound travel to the capital. According to the Seoul Metropolitan Government, 1.61 million foreign tourists visited Seoul in July, the highest monthly figure on record. Located at Kinetic Stage A on the ninth floor, the pop-up runs through Sept. 10, showcasing Pepero and other signature produ
Airport Railroad (AREX) said Friday it had completed renovations at the City Airport Terminal at Seoul Station to accommodate growing demand for convenient check-in experience. The facility enables travelers to check in, drop off baggage, and complete immigration procedures before they head to Incheon Airport. AREX’s express train ridership reached 2.66 million in 2025, up more than 35 percent from 2019. The terminal also handled 470,000 users over the year, an average of 1,302 per day. During p
Musinsa is accelerating its expansion into China and Southeast Asia, building on rapid growth in Japan. Transaction volume through Musinsa’s Global Store in Japan surpassed last year’s full-year total within the first seven months of this year. The platform recorded average annual growth of 136 percent, while new membership registrations more than doubled from a year earlier. Musinsa established its Japanese subsidiary in 2021 and has since strengthened its presence through customer data analysi
Ikea Korea is rolling out its latest round of permanent price cuts as inflation squeezes household budgets, sticking to the low-price philosophy at its core, the furniture giant said Thursday. The retailer is employing roughly 1.8 billion won ($1.3 million) to cut prices on 161 products by an average of 15 percent, targeting bestsellers in storage, mattresses, lighting and beds, even as inflation strains household budgets. "Providing well-designed, functional and quality home furnishing products
Lotte Department Store has expanded its Chuseok gift inventory and preorder period after advance sales more than doubled during the latest holiday season. The retailer is taking preorders for about 190 gift sets, including Korean beef, seafood, fruit and groceries, at discounts of up to 50 percent at stores nationwide through Sept. 3. With Chuseok arriving earlier this year, Lotte extended the preorder period and increased supplies of some popular products to as much as twice last year’s level.
Burger King Korea is opening its first global flagship store in Seongsu, Seoul, casting 70 years of flame-grilled heritage in a new register, across menu and atmosphere alike. Speaking at a media briefing on Wednesday, Burger King Korea CEO Lee Dong-hyeong described the store, fittingly named Flameground, as a place built to let customers experience the brand's burgers in new flavors, set within a space shaped by its flame-themed identity. "Beyond offering the same experience at every store worl
Chipotle bets on Korea for first bite of Asia
Samsung vs. LG battle for AI cooling heats up
Musinsa posts record earnings on offline, global expansion
One purchase every 0.9 second: Olive Young foreign sales top W1tr
Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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