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As shoppers migrating to online shopping, retailers in South Korea are looking to accelerate ecommerce growth through mergers and acquisitions.

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On Wednesday 18 March we were invited to join a webinar organised by France-based Institut du Commerce (Trading Institute) and global consulting firm Bain & Company on the Coronavirus (COVID-19) crisis management. During the webinar, Bain & Company shared learnings from previous crisis in China and South Korea, as well as the current developing situation in Italy to help French retailers and s...
Growth of convenience stores is accelerating, outperforming large format stores. CVS making more profits than supermarkets Convenience store operators reported record-high operating profits last year (2019): GS25: KRW256.5bn (US$217mn) CU: KRW196.6bn (US$162mn) Whereas Emart, South Korea’s largest grocery retailer, saw its operating profit down by 67.4% to KRW105.7bn last year...
South Korea’s largest online retailer will build a high-tech fulfillment centre in Daegu. The size of 46 football fields The company will invest KRW320bn (US$276mn) to build a mega logistics centre in Daegu National Industry Complex, North Gyeongsang Province. Equivalent to the size of 46 football fields, the centre will cover 330,000 square metres and is expected to be completed in 2021...

Presentations

01/04/2020
GS25, a leading convenience store chain in South Korea, opened an unmanned store similar to Amazon Go
19/03/2020
We summarise learnings that can be taken from how retailers, suppliers and shoppers in Asia have responded to some of the challenges raised by Coronavirus (COVID 19).
06/03/2020
Technology and ingredients used in K-beauty products are among the most innovative and advanced in the world. In this report, we will share five key trends from South Korea’s leading retailers that are shaping the highly dynamic and competitive health and beauty (H&B) retail sector.
21/02/2020
Seoul is a city full of innovative and exciting retail concepts - check out our top 17 grocery stores to see in the South Korean capital.
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Key presentation

This guide to South Korea explores the key trends in grocery retail, the outlook for the country’s differing channels over the five year forecast period and the growth strategies of its leading retailers.

Five year growth forecasts for the grocery market, the leading retailers and modern trade grocery channels in South Korea.

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