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Country Section

South Korea

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

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Articles related to South Korea

• 16-06-2008 Lotte to open 300 stores in China
• 22-05-2008 Tesco battles for pole position in Asia
• 14-04-2008 85% of Intenet users shop online
• 27-02-2008 ConAgra to cut jobs in Europe and Asia
• 13-02-2008 Lean and mean
• 13-12-2007 Tomato heads east
• 01-11-2007 “We are Chinese in China and Brazilians in...
• 01-11-2007 Retail 100: No surprises at the top
• 26-04-2007 Tesco and Woolworth's teaming up to get Coles
• 20-02-2007 Record sales and earnings for Wal-Mart
• 01-02-2007 Into the pool
• 16-01-2007 Tesco to invest £2 bn in South Korean Homeplus
• 22-08-2006 Seiyu (Wal-Mart Japan) optimistic despite...
• 02-08-2006 Korea’s Lotte takes control in home-shopping...
• 31-07-2006 Labour market, discounters beat Wal-Mart in...
• 05-07-2006 Family Mart's Q1 net profits down due to cost...
• 04-07-2006 Carrefour Korea fined for unfair business...
• 22-05-2006 Wal-Mart pulls out from South Korea
• 18-05-2006 Winners and losers in China’s retail competition
• 11-05-2006 Shinsegae expands discount network in China

Country Profile

South Korea’s retail pitfalls

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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