Find out about the retailer's strategic priorities, commercial focus areas, channel and country presence.

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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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This initiative has become a key marketing strategy for grocery retailers in the country to build shopper loyalty, recruit new customers and maintain the existing ones.

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The US social media giant hopes to increase its market share in a competitive market dominated by local players. Rolling out online store, Facebook Shops Facebook has rolled out its latest innovation, Facebook Shops, in South Korea. Sellers can create their own collection and customize the look and feel of the shop with images and colours that showcase their brand. Shoppers can browse ...
The South Korean retail conglomerate announced last week that it will launch a subscription-based snack service, the first of its kind in the country. Based on a subscription model The new service is based on a subscription business model. Shopper can sign up through Lotte Confectionery’s official Instagram or Facebook account. The number of subscribers will be limited to about 200 initia...
South Korea’s leading retail operator, LOTTE Shopping, announced that it will sell 121 physical stores this year. Speed up the selling process The company’s original plan was to sell 200 stores over the next three to five years to focus on its ecommerce business. However the restructuring process has now been sped up. LOTTE Shopping said by December this year it will shut down: ...
Lotte sets the target of doubling its last year’s ecommerce sales levels to KRW20 tn (US$16.3 bn) by 2023. Upgrading online services As part of the plan to double its online sales by 2023, the company has rolled out one-hour grocery delivery service. It is a faster delivery service than the same day or Dawn Delivery offered by its two key rivals, Coupang and Shinsegae’s Emart. The ...

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