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Emart24, the convenience chain of South Korean retail giant Shinsegae, said this month that it will increase the number of “hybrid” semi-unmanned stores that operate without workers late at night.

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Aeon might offload the business due to its weak performance and continued profit decline in South Korea. Sales down -4.2%YoY, operating loss US$12m The retailer reported KRW1.79 tn (US$1.5 bn) in revenue for the last fiscal year (from March 2020 to February 2021), a decrease of 4.2%YoY (year-on-year). It reported an operating loss of KRW14.3 bn (US$12m) during the same period. It is the ...
The South Korea convenience store chain Emart24 (owned by Shinsegae) has launched a smart store in Seoul this month. Modelled on the Amazon Go concept The new store is in popular shopping complex Starfield COEX. The technology is modelled based on the Amazon Go concept. Customer needs to type in their mobile phone number at a kiosk and insert a bank card to receive a QR code. They can th...
COVID-19 has caused grocery retailers in Asia to scale up online business to compensate footfall decline in physical stores and enable shoppers to get items quickly, safely and conveniently. We at IGD have quantified growth opportunities, supported by five emerging trends. Growing at a CAGR of 20% between 2020 and 2022 Asia’s online grocery is growing fast. Total value in 2020 is around US$...

Presentations

19/08/2021
Study why refillable packaging is important for retailers and suppliers and understand who is championing dry food refillable concepts and who is extending into liquid refillable formats.
03/08/2021
We quantify growth opportunities of online grocery in Asia, discuss key retailers and leading markets, as well as identify trends that are set to shape future development.
19/04/2021
In the final of a three-part series, we deep-dive on the strategic priorities of Magnit, Carrefour, Tesco, Lotte and Auchan.
26/03/2021
Our new forecasts show that Asia will account for 58% of additional grocery sales generated between 2020-22. However, the impact of COVID-19 and its legacy will impact markets differently across the region. This report will help you understand Asia's growing importance in the global context and which grocery markets will provide your business with the most exciting growth prospects towards 2022.

Key presentation

South Korea country presentation

This guide to South Korea explores the key trends in grocery retail, the outlook for the country’s differing channels to 2022 and the growth strategies of its leading retailers.

South Korea by Numbers 2020 – 2022

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

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Data

Use our COVID-adjusted forecasts on over 400 retailers in over 180 countries

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