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Aeon grew 4.6% in its overall business with FY ending February 2023, as its operating revenue reaches JPY9,117bn (US$68bn). It saw strong growth in its international business, with double digit growth in most markets through the lifting of pandemic restrictions, providing a strong platform for future growth expansion.

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Fresh from its first ever quarterly profit in Q3 2022, South Korean ecommerce giant Coupang achieved an unprecedented second consecutive quarterly profit in Q4 2022. Focus on efficiency and superior offerings As we had reported after Coupang’s first ever quarterly profit in Q3 2022, its success can be attributed to its efficiency drive and ability to stand out from competitors through its...
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. Profitability for the first time Coupang announced a 10% revenue increase to US$5.1 bn in the quarter endi...
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...


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.
We highlight five trends that we expect to shape Asia grocery retail market over the next 12 months and beyond.
Tech startup Cheeseade launches Price Lab, its first unmanned convenience store with hourly price changes in Seoul, South Korea.
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.

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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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