South Korea Retail Sector News

Related General Retail Industry News

• In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
• In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

• February 2024: DFS Group partnered with Douyin Life Service, a short video platform in China. The partnership aims to improve international travel retail shopping experiences.
• June 2023: DFS entered a strategic partnership with Ctrip Global Shopping and Unipay International. These partnerships aim to strengthen digitalization in the travel retail market.

• In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
• In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.

In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.

• In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
• In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.

• September 2024: DHL Express its continued partnership with the Hong Kong Trade Development Council (HKTDC) for this year's CENTRESTAGE opening gala show, CENTRESTAGE ELITES. Through its GoGreen Plus initiative, DHL Express integrates decarbonization measures within its network, directly linking these CO2e emissions reductions to customer shipments. Notably, for this delivery, CO2e emissions during the shipping journey will see a 50% reduction, achieved through the utilization of SAF, with a third-party auditor set to verify these reductions.
• April 2024: DHL Express, the world's foremost international express service provider, has unveiled its latest venture: the DHL Express Hong Kong West Service Center (KWC). This state-of-the-art, fully automated, and eco-friendly facility comes with a hefty investment of HKD$1.5 billion (USD 0.19 billion). This move underscores DHL's commitment to its long-term growth strategy and infrastructural investments in Hong Kong. Notably, this facility stands out as Hong Kong's inaugural LEED (Leadership in Energy and Environmental Design) Gold-certified service center. From its design to its operations, every aspect of the facility has been crafted with sustainability in mind, reinforcing the company's ambitious mission of achieving net-zero emissions by 2050.

• August 2024: The Prime Minister of India has launched 109 new and hybrid varieties across 61 crops, including millets such as barley, sorghum, pearl millet, and finger millet. These hybrids are aimed to enhance yields and improve quality, enabling farmers to secure better prices and increase their income.
• January 2024: The Indo-US Millets Initiative, a collaboration between India and the United States, aims to enhance the awareness, production, and consumption of nutrient-rich millets. This initiative brings together key stakeholders in the millet sector, including non-profits Sorghum United and the North American Millets Alliance (NAMA), India's national India Millet Initiative, and the Daugherty Water for Food Global Institute from the University of Nebraska.
• July 2023: The India-Africa International Millet Conference took place in Nairobi, Kenya intending to raise public awareness about South-South exchange and collaboration opportunities. It also focused on the nutritional and health benefits of millets and their suitability for cultivation under challenging conditions exacerbated by climate change.

• January 2022: The L'Oréal Group introduced Colorsonic and Copyright, two cutting-edge innovations in beauty technology for customers and hairstylists. Both are portable, light devices with color applications. Colorsonic is for consumer use and Copyright for hair salons.
• September 2022: Amorepacific announced the acquisition of a luxury clean beauty brand Tata Harper, a pioneer in natural luxury skin care. By acquiring the brand, Amorepacific will expand its products in the Americas and Europe.
• May 2021: Amorepacific launched a customized bath bomb service called 'Bathbot'. Customers can choose 14 types of bath bombs with different flavors and fragrances. The service will be available in Amore stores at various locations in Korea.

• June 2024: Nippon Express USA, Inc., a subsidiary of Nippon Express Holdings, Inc. has launched its inaugural electric vehicle (EV) truck as part of its climate change initiatives. This eco-friendly truck, which produces zero CO2 emissions or pollutants, commenced operations at the San Antonio Sales Office in Texas. This expansion strengthens the company's commitment to sustainability and enhances its environmental values.
• March 2024: DHL Supply Chain has bolstered its specialized logistics services for the life sciences and healthcare sector in France, entering into a long-term strategic partnership with Sanofi, a prominent global healthcare entity. Under this collaboration, DHL Supply Chain will oversee warehousing, inventory management, picking and packing, and order fulfillment at three pivotal locations in France: Amilly Distribution, Croissy-Beaubourg, and Saint-Loubès. This move further cements the company's status as the foremost provider of comprehensive solutions throughout the entire value chain.