AsiaRetailCountryReportSeriesWhat’sNewandWhat’sNextinSouthKoreaRetailAsiaDistributionandRetailMarch2018US$37,755*GDPperheadUp3.2%yoy*RealGDPgrowth2%*ConsumerpriceinflationUS$280billion**RetailsalesUp6.1%yoyUS$58.8billion**InternetsalesUp21%yoySource:EconomistIntelligenceUnitestimatesfor2017*,EuromonitorInternationalforecastsfor2017**;compiledbyFungBusinessIntelligenceUS$1,539billion*GDP51million*PopulationKeyeconomicindicators3Source:Companies’annualreportsandwebsites,mediareports;compiledbyFungBusinessIntelligenceLotte1stLotteShoppingSales2016:29,526billionwon(US$24.5billion)*Outlets2016:9,965Majorbusinessesandbrands:Departmentstores:LotteDepartmentStore,Avenuel,YoungPlaza,LotteOutlets,LottePremiumOutlets,LotteFactoryOutlets,elLottepremiumonlinemall,elCUBEspecialtystoreDiscountsto