Interpark seeks new owner, following footsteps of eBay Korea

After a cluster of COVID-19 infections was reported at a department store in Seoul, large retail outlets are fearing it will cause a ripple effect and scare shoppers away. As of Sunday, nearly a week after the first infection was identified at Hyundai Department Store’s branch at Coex, Gangnam, at least 118 cases have been found to be linked to the store. The first patients were two staffers wh...

E-commerce platform 11st will begin selling an entire line of BTS tumblers and bottles produced by New York-based design company Built New York in collaboration with the South Korean pop group, in Korea on Monday. Though a bottle and a tumbler inspired by BTS’ video for “Idol” were released in June, a total of 16 items will be sold for the first time in the country through a live show known as “...

Revenue, income and jobs all declined

South Korean supermarket chain Homeplus has appointed former CEO of McDonald’s Korea Cho Ju-yeon as its new chief marketing officer, in an executive reshuffle announced on Thursday. Cho made headlines in 2016 when she became the first female CEO at the South Korean unit of the fast food restaurant. Hwang Jeong-wook, who formerly served as the chief financial officer at the Korean unit of AstraZ...

BAT Korea unveiled a new study on Monday that showed its tobacco heating product Glo was able to “significantly” reduce harmful exposure to toxic substances. The recent study published in the Journal of Internal and Emergency Medicine offers the “first real-world evidence” that switching from cigarettes to exclusive use of Glo, the company’s flagship product, has a similar impact on indicators o...

South Korea’s antitrust watchdog has launched a probe into e-commerce giant Coupang over the accusation that the company has meddled with algorithms to prioritize its own products, according to multiple reports on Sunday. According to the reports, the Korea Fair Trade Commission conducted an on-the-spot inspection at Coupang’s headquarters office in Seoul late last month following accusations th...

Shin Dong-won, the eldest son of the late founder and chairman of Nongshim Group Shin Choon-ho, has been inaugurated as the new chairman of Nongshim Group, the South Korean food company said Thursday. The promotion of Shin, who was formerly Nongshim’s vice chairman, was decided at a temporary board of directors meeting, the company said, to allow him to succeed to the post of his late father who...

GS Group’s retail units merged to combine online and offline strengths

Leisure platform to brand itself as “leading global tech company”

In a further sign of the growing popularity, sales in March were up nearly 300 percent compared to the same period a year prior. Enhypen is a multinational group consisting of Heeseun, Jay, Jake, Sunghoon, Sunoo, Jungwon and Ni-ki. The group was formed after the bandmates appeared on Mnet K-pop competition show “I-Land.” Managed by Belift Lab, a joint record label between CJ ENM and Hybe, the ...

Coway, a South Korean home appliance rental firm, has been named one of the “Best Korea Brands 2021” by global management consulting firm Interbrand. This year’s recognition marks the seventh year running that the company has been named among the 50 best brands that represent South Korea. Coming in the 27th place, Coway’s brand value enjoyed a 8.1 percent year-on-year increase and was estimated...

Once dominated by mass-produced best-sellers, beer industry is shifting towards more independent, smaller breweries

Shinsegae Department Store will build a new department store in the envisioned Suseo Station Transit Center Complex, the company said Friday. According to the retail giant, a consortium led by Hanwha Engineering and Construction and participated in by Shinsegae has been chosen as the preferred candidate for the Suseo Station Transit Center Complex Development Project, which is worth about 1.2 tr...

E-Land Group’s fast fashion brand SPAO said Thursday it would launch a casual hanbok collection ranging from robes, pajamas to accessories. Ten items featuring patterns inspired by plum blossoms and bamboo will be released as part of the collection, which will go on sale online on the brand’s official website and fashion e-commerce platform Musinsa on Friday. The collection, which is a collabor...