Korea Joongang Daily
Korea JoongAng Daily

Retail revenue climbs 5.6 percent in March on tourism, back-to-school boost

Revenue of major retail companies in Korea rose 5.6 percent from a year earlier in March on robust consumption demand fueled by a sharp increase in inbound travelers to the country coupled with the arrival of the back-to-school season.

2026-04-29

BTS's 'Arirang' receives platinum certification from France's SNEP

BTS's latest album "Arirang" received a platinum certification from the French record organization on Monday, making the band's fourth release to do so.

2026-04-28

Olive Young, Musinsa, others expand in Korea beyond Seoul in hunt for new customers

Beauty and fashion retailers are expanding their operations beyond Seoul by opening new stores and investing heavily in local markets as they make efforts to use shifting shopping habits to their advantage and to attract new customers.

2026-04-11

Imported vehicle sales surge 34.6% in March driven by EV demand

Sales of imported vehicles in Korea rose 34.6 percent in March from a year earlier, supported by more working days and robust demand for electric vehicles, industry data showed Friday.

2026-04-03

'Kidults' aren't playing around. They're stealing the toy market.

From stress-relief toys to collectible figures, consumers in their 20s and 30s are driving toy sales as the low birthrate shrinks the traditional children’s market. The shift is prompting retailers to expand offerings for so-called “kidults."

2026-04-03

Hyundai Motor, Kia log record Q1 sales in U.S. on surging hybrid demand

Hyundai Motor and Kia recorded their highest-ever first quarter sales in the United States, driven by a surge in demand for hybrids that helped offset weaker electric vehicle sales and outpace most major competitors in a slowing market.

2026-04-02

Online shopping hits record high for February powered by Lunar New Year agricultural sales

Online shopping sales in Korea rose 5.9 percent from a year earlier in February, driven by strong sales in agricultural products during the Lunar New Year holiday period, government data showed Wednesday.

2026-04-01

Hanwha Life Insurance revenue surges after separation of sales channels, product development

Hanwha Life Insurance said its revenue jumped more than sevenfold five years after separating its sales channels from product development as insurance companies shift their agent organizations into subsidiary-type general agencies.

2026-03-26

Convenience store, retailer sales boom during BTS comeback performance

"BTSnomics" wasn't just hype, it would seem. Convenience stores and retailers saw a sharp spike in sales during BTS’s comeback performance on Saturday, as thousands of fans gathered around Gwanghwamun Square.

2026-03-22

Duty-free sales down by nearly 50 percent compared to 2019 levels

Total sales at local duty-free stores last year have almost halved from six years earlier, in part due to the depreciation of the Korean won and a drop in demand from Chinese resellers, government data showed Friday.

2026-03-13