As the downtown duty-free shops face sluggish market conditions, it was confirmed on the 3rd that major luxury brands are increasingly leaving these shops. The industry is concerned that if luxury stores disappear, the competitiveness of already low-revenue downtown duty-free shops will diminish fur...
Shinsegae Group announced on the 2nd that it will hold the '2025 Landers Shopping Festa' for 10 days from the 4th to the 13th. This year marks the 5th year of the main event, which has been prepared with a volume of 1.4 trillion won, a 22% increase compared to last year's event. It is the largest sc...
Nakchun’s Yakcheongol Jijangsoo makgeolli won the grand award in the Korean rice wine category at the 2025 Korea Wine & Spirits Awards. Nakchun is producing its own yeast. It discovered yeast in loess for the first time in the world and applied for a patent. The Yakcheongol Jijangsoo makgeolli p...
Kolon Industries’ FnC institutional sector, which operates the sports curation platform THE CART GOLF, announced on the 2nd that it will change its name to ‘THE CART’ and expand into a sports lifestyle platform. THE CART, which started in 2020 as the nation’s first golf specialty curated shop, has i...
Lotte Department Store announced on the 2nd that it has opened the world's first department store location for the American sports contemporary brand "Sporty & Rich" on the 5th floor of Lotte Avenue L Jamsil. Sporty & Rich is a brand launched in 2014 by American fashion creator Emily Oberger, which ...
As high inflation persists, disposable lighters sold at convenience stores have joined the price hike trend. According to the convenience store industry on the 1st, the Ace lighter, the best-selling item in domestic convenience stores, increased its price from 600 won to 700 won starting today. This...
On the 1st, Homeplus stated regarding the credit rating downgrade pre-recognition suspicion, "We will sincerely comply with the investigation and inspection currently being conducted by the Financial Supervisory Service." Homeplus issued a statement that day, saying, "The recognition timing of the c...
BrandX Coporation announced on the 1st that it will change its name to JEXYMIX and embark on a new journey as a global activewear company. BrandX Coporation passed the motion to change its name at the 8th regular shareholders' meeting held on the 31st, and it has begun the change process. The compan...
E-Land Group announced on the 1st that it will urgently support clothing and daily necessities worth 500 million won to help residents affected by the large-scale forest fires. This support will be delivered by the E-Land Welfare Foundation in collaboration with local relief organizations such as th...
As the domestic duty-free shop industry is undergoing a restructuring through store downsizing and voluntary retirement due to worsening performance, Hyundai Duty Free will also initiate management efficiency measures. Hyundai Duty Free held a board meeting on 1st and decided to close the Dongdaemun...
