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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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The US social media giant hopes to increase its market share in a competitive market dominated by local players.

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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 ...
LOTTE sees the newly-launched platform “LOTTE ON” as a key component to its digital transition. Confident but not without challenges Integrating existing online platforms, such as LOTTE Department Store, LOTTE Mart and LOTTE Home Shopping, the group aims to treble its online turnover to KRW20 tn by 2023 as it plans to generate leads through the new online platform and utilize offline stores...

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