The Korea Herald

Retailers see sales boost under nationwide K-Sale promotion

Jun 28, 2020

The retail industry is seeing sales recover, owing to the ongoing nationwide discount promotional event to revitalize the domestic economy, which has been suffering dampened consumer sentiment amid t...
Duty-free sales rebound in May amid virus outbreak

Jun 28, 2020

South Korean duty-free stores saw their sales rebound slightly in May after dipping below the 1 trillion-won ($804 million) mark in April amid the new coronavirus pandemic, industry data showed Sunda...
Guinness World Records accredits Paris Baguette for roll cake

Jun 25, 2020

South Korea’s SPC Group, which operates bakery franchise Paris Baguette, said it has bagged a Guinness World Records certification for its bestselling roll cake brand. Paris Baguette’s sales of Silk...
Coupang opens recruitment for 200 tech positions

Jun 25, 2020

Korean e-commerce giant Coupang said it is recruiting about 200 tech talents, starting from Wednesday. The positions include software developers, product owners, product designers and more, with ove...
Samyang Foods rolls out Buldak character goods

Jun 24, 2020

Samyang Foods said Wednesday that it is rolling out various character goods to promote its Buldak Spicy Chicken noodle character Hochi. According to the company, it recently launched a Hochi emotico...
Nongshim’s shrimp crackers ride on Rain’s ‘Gang’ meme, sales up 30%

Jun 24, 2020

The unplanned popularity of K-pop singer Rain’s music video “Gang” has led to a surprising side benefit for Nongshim, towing the sales of its steady-selling shrimp cracker by 30 percent, the company ...
Coupang vows to sterilize millions of Rocket Delivery orders

Jun 23, 2020

Coupang, an e-commerce giant, said Tuesday it will reinforce hygiene measures to cleanse and sterilize millions of products ordered through its Rocket Delivery. Before the products are delivered to ...
Lotte, Shilla begin domestic sales of duty-free goods this week

Jun 23, 2020

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 pand...
SPC GFS cooperates with small companies to export kimchi, laver to Poland

Jun 22, 2020

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 manufactur...
Duty-free stores offer huge discounts on luxury goods

Jun 19, 2020

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 sa...
Lotte, Shilla to begin domestic sales of duty-free products next week

Jun 19, 2020

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 ...
Retail giants' Q2 profits tipped to more than halve over pandemic: poll

Jun 18, 2020

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 prof...
Coupang ranks 2nd in CNBC Disruptor 50

Jun 17, 2020

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...
Starbucks Korea opens renewed Hwangudan Store in Seoul

Jun 17, 2020

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 ...
Aekyung launches flagship cosmetics brand Age 20’s on Amazon

Jun 15, 2020

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 produ...