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Is Korea’s retail sector future-proof?

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 Insights

27-Nov-18 E-commerce is reshaping retail and threatens to displace traditional shopping. Korea’s retail sector is thriving in the face of this upheaval, with 6% growth in 2018. Improved relations with China have driven 34% duty-free sales growth. [image: Shutterstock / Retail In Asia]

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SoftBank to invest USD2 bn in Korean e-commerce site Coupang

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 Insights

20-Nov-18 SoftBank's Vision Fund will invest USD2 bn in Korea’s Coupang, giving Korea's largest online retailer funds to accelerate development of new shopping and delivery services. Coupang, founded in 2010, sells over 120 mn items from consumer electronics to food. [image: Kiyoshi Ota / Bloomberg]

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North Korea presents a chance to get creative with energy

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 Insights

12-Nov-18 Despite dilapidated power generation and distribution infrastructure, total reliance on imported oil and international sanctions, North Korea’s energy needs are being met by creative domestic solutions and a newly entrepreneurial citizenry. [image: AFP / Ed Jones]

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Alipay will be available in Seoul taxis

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 Insights

23-Oct-18 Following a strategic partnership between Ant Financial's Alipay and Korean payment system integrator Kakaopay, all taxis in Seoul will accept Alipay from Jan-19. The service will take payment from Chinese visitors via Alipay and locals via Kakaopay. [image: Alipay / Payment Week]

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South Korea expands its investment destinations

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 Insights

18-Oct-18 South Korean capital is leaking out of China, flooding into the US and pouring into South and Southeast Asia. Investments include the world’s largest mobile phone factory, a USD716 mn spend by Samsung Electronics in India. [image: Export-Import Bank of Korea]

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