Read our Country Profile on South Korea...
Top-ranking retailers
|
Company name |
Number of outlets |
Net sales 2006 US $ (mln) |
|
The National Agriculture Cooperative Federation |
1,223 |
25,460 |
|
Samsung-Tesco |
91 |
10,825 |
|
Lotte Shopping |
24 |
9,605 |
|
Hanwha (41 members) |
41 |
3,522 |
|
Shinsegae |
103 |
3,079 |
|
LG Group |
|
1,091 |
|
New Core |
|
|
Rising unemployment, a shrinking economy and a slump in consumer spending have taken some of the steam out of South Korea's growth engine. Confidence in one of Asia's major economies, however, remains as the country has not only proven its tenacity during the height of the 1997 Asian financial crisis, but retains its reputation as one of the region's most promising retail markets.
Elsevier Food International, Vol. 6, Number 3, November 2003
Joel H.Vega
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