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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.

Get up to speed on all of the latest retailer results, the insight into what is driving growth and IGD's five big trends to watch in Asia in 2020.

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Unintended consequence of the minimum wage increase over the last two years.

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Shinsegae and Lotte are carrying out executive reshuffles to deal with declining profits and intensifying competition. Emart: names outsider as new CEO Shinsegae group has appointed Kang Heui-seok to replace CEO Lee Gap-su to turn around the chain's poor performance .  It is the first time in its 26 years’ history Emart has named an outsider as its new CEO.  " Emart's personnel resh...
The marketplace will be shut down on Feb. 20, 2020 and merged with SpeedL.vn, an e-commerce website owned by the same group. A shift towards new retail Lotte.vn website was launched as a marketplace at the end of October 2016, managed by a subsidiary of the group. SpeedL was launched as an online shopping app that carries products from Lotte Mart supermarket and department store in late 201...
In response to consumers’ increasing demand of healthy diets, operators of convenience stores in the country are expanding vegetarian ranges. Increasing demand for healthy consumption The number of vegetarians in Korea jumped from 150,000 in 2008 to 2 million last year, representing 3% of the total population. The number of vegans is around half a million. Meanwhile, vegetable consumption i...
The duty-free arms of Shinsegae and Lotte have launched facial recognition payment technology at their stores in South Korea. After registration, Chinese customers can automatically settle payment by standing in front of a facial recognition camera, enabling shoppers to pay without cash, card, or a mobile phone. Shinsegae adds WeChat Pay facial recognition WeChat Pay facial recognition paym...

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