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Lotte Mart unveiled its first automated customer fulfillment center in Busan on Friday, part of a 1 trillion won ($710.3 million) investment to upgrade its online grocery logistics operations. The four-story Zetta Smart Center Busan spans 40,000 square meters and can handle up to 35,000 products, automating operations from picking and receiving goods to packing and delivery. It will serve online orders across Busan and southeastern Korea, Lotte Mart said. The facility is the first in Korea to ad
In Korean beauty retail, Olive Young stands tallest, with 1,367 stores and counting, though that footprint buys no immunity from shifts in the industry. A new wave of beauty retailers has emerged in recent years, led largely by groups such as Shinsegae, Lotte and Musinsa, each operating curated multi-brand stores with its own spin. Yet rising alongside them is another kind of retailer that tilts away from the familiar formula toward its own draw, whether price or medical credibility. At the bud
Lotte Global Logistics said Monday it was expanding its transportation business for battery energy storage systems produced by LG Energy Solution in the United States, strengthening its foothold in the high-value special cargo logistics market. LG Energy Solution currently assembles and produces battery energy storage systems at its plant in Phoenix, Arizona. Lotte Global Logistics began transporting LG Energy Solution's battery ESS to customers across the US in the first half of this year. Sta
Korea's budget coffee chains, built on affordability and accessibility, may be pushing the market to saturation, and rising bean prices and currency pressure are squeezing margins further. Instead, the chains are betting on markets abroad, leaning on Korean identity as their edge, especially as interest in K-food and other content keeps rising. This month has already brought a string of openings abroad, each a day apart. Ediya Coffee opened its first store in Laos on Saturday through a master fr
E-commerce giant Coupang said Monday that hundreds of global brands have joined its cross-border shopping service, Rocket Jikgu, broadening Korean shoppers' access to brands with a following abroad. Launched for US products in 2017, the service has since expanded to include goods from Japan and Hong Kong. More than 600 new brands have signed on this year alone, extending Coupang's lineup beyond food and supplements to beauty and fashion, the company said. Exemplifying the push is J.Q. Dickinson
At Korean convenience stores, the liquor aisle's most valuable real estate is changing hands. Eye-level shelves once dominated by 500-milliliter beer cans and green soju bottles are increasingly filled with colorful ready-to-drink cocktails and bottles of lower-alcohol flavored soju, as Koreans drink less and seek lighter options. "These days, more customers buy RTD (ready-to-drink) products and flavored soju with lower alcohol content," a convenience store owner in Seoul said. "Sales of traditi
Coway on Friday reported sales of 1.44 trillion won ($1.02 billion) and operating profit of 253.2 billion won in the second quarter, setting a new record for half-year earnings on the back of strong demand for its premium home appliance lineup, accelerating rental account growth and solid performances across its overseas markets. For the first half of 2026, the Korean home appliance maker's revenue increased 13.9 percent from the same period last year to 2.77 trillion won, while operating profit
Ediya Coffee said Friday it was offering discounts to foreign customers through a promotion with cross-border digital payment platform Alipay+, aiming to improve payment convenience for international visitors. Customers using Alipay+ partner payment services can receive a 20 percent discount coupon applicable to all menu items. Alipay users are eligible for discounts of up to 15 yuan ($2.20) per transaction, redeemable up to three times. Users of Alipay+ partner e-wallets, including AlipayHK in
Hyundai Department Store said Friday it had signed a memorandum of understanding with the Korea Creative Content Agency to help Korean fashion brands expand into overseas markets through pop-up stores and other support programs. The two sides will identify promising brands and introduce them through pop-up stores at key overseas retail destinations. Hyundai Department Store will provide its global retail network and local store operations, while KOCCA will support logistics, export-related costs
OB Brewery said Thursday it marked International Beer Day with an employee event at its brewery in Icheon, Gyeonggi Province, showcasing Korean brewing culture and craft beers made with locally grown ingredients. About 50 employees attended "A Glass Brewed in Icheon," including Senior Executive Vice President Koo Ja-beom, Icheon Brewery Director Kim Doo-young and Brewmaster Kim Jun-kyu. Participants toured the brewery's beer museum to learn about the development of Korea's beer industry, OB Brew
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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