What: Uniqlo to close at the end of this month its flagship in one of the best retail locations in Seoul

Why it is important: this closure, happening on a thriving retail market, is the consequence of political reasons and might show a return to regional, or national, retail.

Uniqlo is a very visible Japanese symbol in Korea and fell victim of the Korean customers’ boycott that started in July, following Japan’s decision to restrict exports of chipmaking materials to South Korea.

Uniqlo’s Seoul flagship to close