South Korea
Stories tagged South Korea.
Foreigner Sales Remain Soft in South Korean Duty Free Despite Rising Shopper Numbers
International customers continue to dominate South Korean downtown duty-free sales, accounting for 85.7% of revenue on just 51.5% of shoppers, but their spending eased month-on-month in May, signaling persistent softness.
Lotte Duty Free Launches Summer Campaign with Deep Discounts and Rewards
Lotte Duty Free has rolled out a large-scale promotion across its downtown stores and online platform, offering up to 50% off on fashion brands like Tory Burch and Jimmy Choo through August 31.
Korean Fragrance Brands Rise as Next K-Beauty Export Wave
South Korean fragrance brands are gaining global traction, blending traditional ingredients with modern luxury. UK interest in Korean perfumes rose 20% year-over-year as of April 2026, and exports reached $635 million in 2024.
Olive Young Festa to Debut in Los Angeles as K-Beauty Goes Experiential
South Korea's largest beauty retailer Olive Young will host its first US edition of Olive Young Festa in Los Angeles this August, bringing 55 K-beauty and lifestyle brands to a 50,000-square-foot immersive exhibition.
Manto Reale rebrands and enters South Korea after 10 years
Italian menswear label Manto Italia has rebranded as Manto Reale and made its South Korean market debut, with plans to expand in the Middle East.