Most Popular
-
1
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
2
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
3
S. Korean children, teens grow taller, mature faster than before: study
-
4
[Graphic News] Number of coffee franchises in S. Korea rises 13%
-
5
Some junior doctors are returning: Health Ministry
-
6
Army takes group action against Hybe for neglecting BTS
-
7
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
8
[Robert J. Fouser] AI changes rationale for learning languages
-
9
Woman dangling from power lines rescued by residents holding blanket
-
10
Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
-
Lotte, Shilla begin domestic sales of duty-free goods this week
South Korea's two leading duty-free operators started to sell duty-free products through local retail channels Tuesday, as the government has decided to temporarily permit such sales to help the pandemic-hit sector. Industry leader Lotte Duty started to release duty-free items, including about foreign luxury brands, worth 10 billion won ($8.3 million), on its integrated online shopping mall. No. 2 player Shilla Duty Free plans to sell duty-free products via its new online sales platform start
June 23, 2020
-
SPC GFS cooperates with small companies to export kimchi, laver to Poland
SPC Global Food Service, the food distribution affiliate of SPC Samlip, said Monday that it is exporting to Poland a number of canned kimchi and laver products it developed with small food manufacturers. According to the company, it is launching the canned kimchi and dried laver it developed jointly with BosungilukjoKorea and Jinheon Food at Poland’s largest supermarket chain, Biedronka. They will be available at all 2,800 stores in July. The canned kimchi was designed to offer conven
June 22, 2020
-
Duty-free stores offer huge discounts on luxury goods
Duty-free stores are planning to offer huge discounts, including on luxury items, next week to clear out their inventory, following lackluster sales due to the COVID-19 pandemic. Shilla Duty Free said Friday it will start selling duty-free products next week on its platform Shilla Trip, which was launched last year. While duty-free products are usually banned from domestic sales, Korea Customs Service has temporarily allowed sales of the goods that have been in stock for more than six months
June 19, 2020
-
Lotte, Shilla to begin domestic sales of duty-free products next week
South Korea's two leading duty-free operators will begin to sell duty-free products through local retail channels next week as the government has decided to temporarily permit such sales to help the pandemic-hit sector, company officials said Friday. Industry leader Lotte Duty Free and its rival, Shilla Duty Free, plan to release duty-free items at its local retail channels and via an online sales platform, respectively, next week. The customs office decided in late April to permit domestic s
June 19, 2020
-
Retail giants' Q2 profits tipped to more than halve over pandemic: poll
South Korea's major retailers are expected to see their operating profits more than halve in the second quarter amid the new coronavirus pandemic, a poll showed Thursday. The combined operating profits of Lotte Shopping Co., Shinsegae Inc., E-Mart Inc. and Hyundai Department Store Co. are estimated to be 60.3 billion won ($50 million) in the April-June period, compared with 180.4 billion won a year earlier, according to the survey by Yonhap Infomax, the financial news arm of Yonhap News Agency
June 18, 2020
-
Coupang ranks 2nd in CNBC Disruptor 50
South Korean e-commerce giant Coupang said Tuesday it ranked second in the eighth edition of the CNBC Disruptor 50 list from among 1,355 nominees worldwide. The list of 50 private companies with the potential of becoming the “next generation of billion-dollar businesses” is released by the US broadcaster annually. Coupang said it was the first Korean company to be included in the list. According to CNBC’s description, the 2020 CNBC Disruptors are “50 private companie
June 17, 2020
-
Starbucks Korea opens renewed Hwangudan Store in Seoul
Starbucks Korea said Tuesday it is set to open its renovated Hwangudan Store in Seoul, upping its efforts to safeguard the domestic cultural heritage. According to the coffee chain, it has revamped the existing Sogongdong Store in Jung-gu to reflect the designs of Hwangudan -- a site for performance of the rite of heaven, designated as South Korea’s Historic Site No. 157 in 1967. Starbucks Korea held the opening ceremony of the store with the Cultural Heritage Administration and Nation
June 17, 2020
-
Aekyung launches flagship cosmetics brand Age 20’s on Amazon
Aekyung Industrial said Monday it has launched its flagship cosmetics brand Age 20’s on Amazon, entering the US market for the first time. The cosmetics company said it will present the makeup products of Age 20’s, including the Essence Cover Pact, primers and tone-up boosters, all approved by the US Food and Drug Administration. Aekyung said launching the products on Amazon is expected to help raise the brand’s awareness in the US and global markets. The South Korean firm
June 15, 2020
-
HiteJinro Beverage launches Black Bori barley tea in US
HiteJinro Beverage, the beverage arm of HiteJinro, said Monday that it is launching Black Bori, its barley tea product, in one of the largest retailers in the US. The company said it exported the first 260,000 bottles of Black Bori on May 30, and has completed the clearance procedure. It is the first time any South Korean beverage company has joined hands with a major retailer in the US, the company said. The company said the export deal was possible because the barley tea is
June 15, 2020
-
SPC Samlip launches home deli brand YAAM! with Coupang
Korean food company SPC Samlip said Monday it has launched the home deli brand YAAM! with Coupang, an e-commerce giant here. Under the new brand, the company said it is presenting 17 products, including bread, salad and soup items to go up against home meal replacements. The new brand is available only via online retailers. SPC Samlip said it has partnered with Coupang to target the growing food delivery market, and that they selected items that encompass wider choices of Western food, as
June 15, 2020
-
SPC Group plans Paris Baguette debut in Canada
SPC Group, the operator of Korea’s leading bakery franchise Paris Baguette, said Sunday it will enter Canada by launching the flagship Paris Baguette brand next year. According to the company, it recently established Paris Baguette Family Canada Licensing with a plan to open the first stores in major cities in the country, including Vancouver and Toronto in the first half of next year. The move comes as part of its plan to expand its business in North America. SPC Group has had laid o
June 14, 2020
-
HiteJinro to export Jinro soju to 7 countries
South Korean liquor maker HiteJinro said Wednesday it will start exporting its hit soju brand Jinro Is Back to seven countries, marking the first anniversary of its release. According to the company, it will export 1.3 million bottles of Jinro in the first batch to Japan, China, the US, the UK, Canada, New Zealand and Singapore. “We decided to export (Jinro) to mark the first anniversary, as there have been consistent demands for exports from the global markets, especially centering on
June 10, 2020
-
McDonald’s Korea posts 9% growth despite pandemic
McDonald’s Korea said Wednesday that despite the COVID-19 pandemic it posted sales growth of 9 percent from January to April on-year, thanks to its Best Burger initiative. The announcement was made by Managing Director Antoni Martinez, who was appointed to the position in February, in his first public message via a video on its official YouTube channel, titled “Invitation to Best Burger: Antoni Martinez’s Message.” Unable to hold a physical press conference due to th
June 10, 2020
-
Cleanwrap selling flagship sanitary gloves on Amazon
Cleanwrap, a leading food packaging company in South Korea, said Wednesday that its flagship Clean Gloves are now available through the US shopping website Amazon. The company’s sanitary gloves received attention during the general election, held April 15, when 1.25 million packs (or 60 million gloves) were supplied to polling stations across the country to prevent voters from contracting COVID-19. According to the company, its sanitary gloves and plastic bags are made of nontoxic mate
June 10, 2020
-
OB’s flagship beer Cass receives Superior Taste Award
Oriental Brewery said Tuesday its flagship beer Cass Fresh and Cass Light have received the 2020 Superior Taste Award held by International Taste Institute. According to South Korea’s largest beer maker by revenue, Cass Fresh received the award with one-star rating, which is granted to participants scoring above 70 percent. Cass Light received two stars, scoring between 80-90 percent. ITQI was established in Brussels, Belgium, in 2005, serving as an evaluation body for food and bevera
June 9, 2020
-
Convenience stores' competition for delivery services rises amid non-contact trend
Convenience store operators in South Korea are racing to beef up delivery services as a rise in the number of one-person households and the new coronavirus outbreak have raised demand for door-to-door services. Having an upper hand over major discount stores in terms of consumer accessibility, convenient stores are tapping delivery services as an additional sales channel amid the non-contact trend. BGF Retail Co., which operates the convenience store chain CU, introduced its delivery service
June 9, 2020
-
Market Kurly’s 315 workers test negative for COVID-19
Market Kurly said Friday that 315 people linked to a COVID-19 case at its logistic center have all tested negative for the disease. The online grocery platform had one virus infection case involving a part-time worker at one of its logistics centers in Songpa-gu, Seoul, on May 27, which prompted the company to conduct the round of virus tests on employees and visitors at the center. Market Kurly and the government sorted out and designated 315 people linked to the center and had them tested
June 5, 2020
-
E-mart Traders to release 20 million face masks at 26 cents each
E-mart Traders said Friday it will roll out 20 million single-use face masks, selling them at a price of 320 won (26 cents) per mask. The warehouse hypermarket store, which is part of the country’s retail giant Shinsegae Group, said it will sell a box of 50 face masks for 15,980 won at its 18 stores across the country from Saturday. Purchases will be limited to one box per person. E-mart Traders said it was able to sell the product -- a three-layered face mask with a melt-blown filter
June 5, 2020
-
Gmarket holds video call fan session for Korean singer Kim Woo-seok
Gmarket Global Shop, an e-commerce platform operated by eBay, held an autograph session for Korean singer Kim Woo-seok via video call, receiving positive comments from global fans as events are being canceled due to COVID-19 outbreak, the firm said Thursday. The event was hosted to celebrate the release of Kim’s first solo album “1st Desire (Greed)” on Sunday. As many concerts and physical events are being canceled due to the novel coronavirus outbreak across the world, the
June 4, 2020
-
Coupang dragged down by virus outbreak, labor issues
The rapid growth of e-commerce giant Coupang has been clipped recently upon the recent outbreak of COVID-19 infections at its logistics centers in addition to sudden deaths of its workers in the past months. On Wednesday, a civic group filed a complaint against Coupang’s founder and CEO Kim Bom-suk, claiming that his firm failed to inform customers properly about the COVID-19 cases of its employees. The civic group, named “People’s livelihood solution committee (directly tr
June 3, 2020