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South Korean ecommerce giant Coupang turned a profit for the first time, which is notable in the ultra-competitive and cost-heavy ecommerce industry. It did so through providing shoppers with a superior product range and service, and incorporating technology to improve cost efficiency.

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Retail technology provider Ocado entered into an exclusive partnership with Lotte Shopping, the ecommerce arm of conglomerate Lotte Group. The partnership is aimed at boosting Lotte’s online grocery presence in Korea. Integrated platform for online shopping As part of the collaboration, Lotte plans to build six Customer Fulfilment Centres (CFCs) by 2025. These centres will use the Ocado Sma...
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
With coffee consumption in South Korea nearly triple the global average, and an estimated one coffee shop for every 600 people in the country, the market offers great inspiration for the latest coffee trends and innovations. Here’s three things that caught our eye on a recent visit to Seoul. Robots at the ready Dilly was one of a variety of service robots we spotted in Incheon Internatio...

Presentations

05/01/2023
Tech startup Cheeseade launches Price Lab, its first unmanned convenience store with hourly price changes in Seoul, South Korea.
20/12/2022
Against the backdrop of inflation and rising cost of living, we have reforecast our growth expectations for global, regional and country channels to 2027. This report shares the global view of our channel forecasts to 2027, combining data from 42 major markets across all regions. It provides data on different channels’ performance and highlights which regions and markets lead the way in terms of channel development.
20/12/2022
Against the backdrop of inflation and rising cost of living, we have reforecast our growth expectations for global, regional and country channels to 2027. This report shares the Asia Pacific view of our channel forecasts to 2027, combining data from 14 major markets across the region. It provides data by market on different channels’ performance and summarises the key insights and implications for suppliers.
14/12/2022
South Korean convenience giants GS Retail and 7-Eleven have created metaverse convenience stores to appeal to Generation Z, their key shopper target group.

Key Presentation

South Korea Country Presentation

A guide to South Korea’s grocery market and how we expect the country, its leading retailers and channels to evolve over the next five years.

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5-year forecasts to 2027

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