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Business
Delivery workers on ‘refresh holiday’ for first time in 28 years
Aug 14, 2020
Delivery workers at major logistics firms took a day off Friday, for the first time in 28 years since the introduction of a delivery system in the country. The companies have designated Aug. 14 as “...
Starbucks Korea donates W200m to commemorate independence patriots
Aug 13, 2020
Starbucks Korea said Thursday it has donated 200 million won ($168,900) to support preservation of independence cultural heritage and provide scholarships to the descendants of independence patriots....
McDonald’s Korea, Uniqlo support flood recovery efforts
Aug 12, 2020
FRL Korea, the operator of fashion brand Uniqlo, also said it is donating a recovery fund of 100 million won ($84,300) to Korea Disaster Relief Association. The fund will be used to provide relief g...
[Eye on Business] How Cleanwrap became a household name
Aug 10, 2020
South Korea’s No. 1 food wrapping company expands presence globally
Prolonged rainfall leads vegetable prices to spike, ice cream sales to drop
Aug 9, 2020
Retail prices of leafy vegetables would rise further this week due to damaged farms, difficulty in delivery as heavy downpours continue
Dongwon F&B launches Beyond Meat in E-mart ‘Vegan Zones’
Aug 6, 2020
Dongwon F&B, the South Korean distributor of the US plant-based meat alternative Beyond Meat, said Thursday that it has launched the product at E-mart, the country’s largest supermarket chain by reve...
Amorepacific begins sales of flagship cosmetics brands on Amazon
Aug 5, 2020
Amorepacific, a South Korean cosmetics giant, said Wednesday it launched two of its flagship brands, Amorepacific and Mamonde in US Amazon, as part of its efforts to expand presence in the US. ”It i...
Non-contact travel trend boosts sales of camping, outdoor gear
Aug 3, 2020
The new coronavirus outbreak has given a big boost to domestic travel here amid disrupted air travel. But for some vacationers, visiting tourist attractions or using lodging facilities could still be...
Lotte kin shoulder at least W450b in tax for late chairman's inherited assets
Jul 31, 2020
Lotte Group Chairman Shin Dong-bin and his siblings may have to pay at least 450 billion won ($378 million) in tax in South Korea for their late father's inherited assets, but their tax payment may s...
Retails sales up 3.7% in H1, towed by e-commerce
Jul 30, 2020
Retail sales edged up 3.7 percent in the first half of this year compared to the same period last year, with the growth towed by e-commerce companies, government data revealed Thursday. According to...
Duty-free sales up for 2nd month in June but still below pre-pandemic level
Jul 27, 2020
Duty-free sales rose for the second straight month in June, but their sales still remained half of pre-pandemic figures, industry data showed Monday. Combined sales at duty-free shops in South Korea...
Homeplus speeds up sale of stores to secure liquidity
Jul 26, 2020
Amid an overall slump in the retail industry in the wake of the COVID-19 outbreak, retailer chain Homplus is speeding up its asset securitization plan to sell physical stores in order to secure liqui...
Coupang's delivery workers doubled to reach 10,000
Jul 23, 2020
South Korean e-commerce giant Coupang said Thursday that the number of its delivery workers has doubled in the last seven months to surpass 10,000. Coupang said its direct employment system is attra...
Samyang Corp. Trusweet Allulose obtains kosher certificate
Jul 23, 2020
Korean food and chemical company Samyang Corp. said Thursday its food brand Trusweet Allulose obtained kosher certification from Orthodox Union. Samyang said it has worked to be verified as kosher, ...
[Herald Interview] Absolut blends art, tech to reduce air pollution
Jul 21, 2020
Pernod Ricard Korea president addresses changing drinking culture in Korea
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Virus variants, infection cluster in Daejeon put authorities on alert
New virus cases fall back to below 400 again; clusters tied to religious facilities on rise
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‘NK diplomat is living in South’
Once the nation’s retail giant, Lotte Group in urgent need of transformation
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Samsung’s jailed heir gives up appeal
For some survivors, COVID-19 won’t go away
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SsangYong Motor cuts wages by half amid liquidity crisis
[Herald Interview] Young feminist runs for Seoul mayor
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Nation on alert as coronavirus cases linked to unauthorized school reported in other regions
[News Focus] Unauthorized alternative schools in blind spot of Korea’s virus control efforts
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