Most Popular
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Korea enters full election mode
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Immigrant woman stabbed to death by Korean husband
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Lee Jong-sup resigns as envoy to Australia
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Yellow dust engulfs S. Korea, advisory alert issued
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Official campaigning kicks off for April 10 elections
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S. Korea to boost support for single-parent families
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Court upholds jail term for man who attempted to murder ex-girlfriend
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Kia EV9 wins world car of year
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Korea misses out on global bond index boost
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Gordon Ramsay to bring his burgers to Seoul
Michelin-starred chef Gordon Ramsay will open a Seoul branch of his famed burger restaurant at Lotte World Tower in Jamsil, southern Seoul, this December. The Seoul location will be the first Gordon Ramsay Burger in Asia, and the third branch to open globally. Ramsay rose to stardom as the iconic host of “Hell’s Kitchen,” an American cooking competition show that has aired since 2005. The British chef owns several restaurants under his name which, all together, have earned
Sept. 24, 2021
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Secondhand smartphone market sees growth in Korea
The secondhand smartphone market is enjoying a bump from recent releases of flagship models from Samsung and Apple. According to Bungaejangter on Friday, a South Korean mobile secondhand marketplace, the volume of transactions for used smartphones has reached some 100 billion won as consumers switched to new phones. Used phone transactions have become the most traded category on the platform during the first half of this year so far. The company said the “secondhand market has been energ
Sept. 24, 2021
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Lotte Department Store offers first-ever voluntary retirement
Lotte Department Store is offering its first-ever voluntary retirement since first opening 42 years ago. The operator of the department store chain, Lotte Shopping, said Friday it told employees that it will be “accepting voluntary retirement applications for the next two weeks” in an internal announcement Thursday. The restructuring program is particularly for staff members who have worked for the firm for more than 20 years. Around 2,000 employees meet this qualification, the
Sept. 24, 2021
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CJ’s Bibigo sponsors LA Lakers
NBA superstar LeBron James will be playing in a Bibigo-branded jersey for the upcoming season, as CJ’s frozen dumpling and sauce brand signed a partnership deal with the Los Angeles Lakers. The basketball team announced on its social media Tuesday, local time, that it signed a marketing partnership with Bibigo’s US branch. Attached with the announcement was a photo of LeBron James wearing a Bibigo-embroidered uniform. ”We’re proud to introduce our new patch part
Sept. 22, 2021
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[Feature] Will cosmetic refills take off in Korea?
Beauty products often come in extravagant packaging -- only to later end up in a landfill after a single use. Statistics show only 10 percent of cosmetics packaging is recyclable, due to the complex designs, colors and multilayer structures. Faced with growing criticism for its contribution to the global waste problem and in a bid to appeal to environmentally conscious consumers, cosmetics companies are turning to refilling stations where consumers can bring empty bottles and buy what they
Sept. 17, 2021
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Gmarket‘s global shop sales jump during Chuseok promotion
Gmarket said on Thursday its global shop sales during this year’s Chuseok promotion, which ended on Tuesday, increased compared to last year’s thanks to a wider selection of items on sale and more discount coupons. Gmarket’s global shop, which sells to about 80 countries through its English and Chinese websites, said its sales of household items jumped 110 percent from the previous Mega G-Festival, and sales of books and records climbed more than 30 percent. Sales of beauty p
Sept. 17, 2021
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Shinsegae to turn gas stations into commercial complexes
Shinsegae Group plans to turn gas stations into commercial complexes that combine retail and mobility, the retail-focused group said Wednesday. Its property development arm, Shinsegae Property, has signed a business partnership with Koramco Energy Plus REITs for the project. The plan is to transform gas stations owned by the real estate investment trust into what it described as “new distribution bases in urban areas that incorporate commercial facilities with distribution.” The
Sept. 15, 2021
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Pernod Ricard Korea to inaugurate new CEO
Pernod Ricard Korea said Tuesday that Frantz Hotton has been inaugurated as the new CEO of the Korean subsidiary of global wine and spirits company Pernod Ricard Group. Hotton, who is the current CEO of Pernod Ricard Hong Kong & Macao, was appointed to lead the South Korean unit in July. He joined the company as a marketing manager in 1995 and rose to be a professional C-level executive within the group, having served in various marketing and sales-related roles. Under his leadership, the
Sept. 14, 2021
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Chicken burger chain Mom’s Touch to open 100 stores in US by 2025
South Korean chicken burger chain Mom’s Touch said Tuesday it plans to open 100 stores in the United Sates in the next four years. Though the fast food chain opened a test store in the US in 2017, it struck a master franchise agreement with a local business partner and opened its first location in California earlier this year. Following the success of the first store, the company plans to open a drive-thru store sometime this year in the Long Beach area. The first location in California
Sept. 14, 2021
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Lotte Confectionery to release special BTS edition for Xylitol chewing gum
Lotte Confectionery said Friday that it will release a special BTS edition of its popular Xylitol chewing gum next month. The new edition will come in 10 packaging options -- seven representing each member of the septet and the other three featuring the group in its entirety. The gum has two flavors, Apple Mint and Purple Mix, which is a mixture of grapefruit and blueberries. With the volume of the package double the regular size, the company said the new special edition will make them more
Sept. 10, 2021
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SPC Group opens first Eggslut store in Singapore
SPC Group said on Thursday it has opened the first Eggslut store in Singapore in the busy Orchard Road shopping district. The move comes after the South Korean food company purchased the operating rights for the country for the LA-based breakfast chain restaurant focusing on egg dishes in 2020. Founded by Filipino-American chef Alvin Calian, the first store in Korea opened in June last year. Three stores are currently in operation in the country. Alongside its popular items such as egg sandw
Sept. 9, 2021
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South Korea ranks fifth in social app spending as KakaoTalk and YouTube take lead
South Koreans spent 143 billion won ($123 million) on social media applications during the first half of this year, becoming the fifth-largest market in the world, new data from app analytics firm App Annie revealed Wednesday. The top four countries were the US, Japan, China and Saudi Arabia. Users in Korea spent the most time on video streaming app YouTube, while spending the most money on KakaoTalk -- a popular messaging app with features such as banking and shopping that boasts over 45 mill
Sept. 8, 2021
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[News Analysis] What is behind South Korea’s rising milk prices?
Retail milk prices are expected to rise soon following an increase in the price of raw milk last month. After the decision by the Korea Dairy Committee to raise the price of raw milk from Aug. 1, major milk and dairy product suppliers are mulling when to reflect this in their retail prices. “When to increase the prices or by how much are still under discussion,” one official at Seoul Dairy Cooperative, the largest milk producer in South Korea, told The Korea Herald. “With r
Sept. 8, 2021
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[Newsmaker] LX Hausys enters race for top furniture maker Hanssem
LX Hausys, formerly LG Hausys, which specializes in windows and interior materials, has entered the race to acquire South Korea’s top furniture maker Hanssem. The company, which is part of LX Group – a new entity that was separated from LG Group earlier this year, is the latest to show interest in buying a controlling stake in the firm, following other retail giants including Lotte, according to multiple reports. For its bid, LX Hausys will be joining a private equity fund set up
Sept. 7, 2021
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Malaysia’s largest Halal show to kick off on Sept. 9
Malaysia will present halal products to the global audience at the upcoming Malaysia International Halal Showcase, or MIHAS, set to kick off Thursday. “We truly believe that small and medium sized Malaysian brands have the potential to become Halal champions. Through MIHAS we hope to facilitate the sourcing and selling of quality halal consumables, products and services globally,” said Dr. Halim Mohammad, the chairman of Malaysia External Trade Development Corp. during an online me
Sept. 6, 2021
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SPC Group to open 18th Shake Shack in Hongdae
SPC Group will open its 18th Shake Shack store in the bustling Hongdae district in Seoul in September, the company said Friday. While the store is currently under renovation, Shake Shack has decorated the fence around the store with a colorful mural by media artist Vakki depicting burgers and milkshakes in an “urban playground,” SPC said. Shake Shack has featured similar art on the fence of every one of its stores across the country. To celebrate the opening of the Hongdae bran
Sept. 3, 2021
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Facing criticism over racism, Japanese cosmetics firm DHC pulls out of S. Korea
Japanese cosmetics firm DHC announced on Thursday that it was withdrawing its business from South Korea later this month amid growing criticism over the company’s racially discriminatory stance against Koreans. In a statement on its website, DHC Korea said it had strived to satisfy customers with great service and products but “regrettably decided to end its operation in South Korea.” The closure of the business is scheduled for Sept. 15, nearly 20 years after it entered the
Sept. 2, 2021
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Korean food catering company Our Home expands to the United States
South Korean food catering service provider Our Home will run a cafeteria for the United States Postal Service, becoming the first Korean firm to clinch a deal from a US public institution. The company said Wednesday that its US branch won a bid to operate a cafeteria in the institution’s processing and distribution center in Los Angeles. The 1,421 square meter facility will open by the end of this month and operate for 24 hours every day. The USPS is a public institution that oversee
Sept. 1, 2021
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Amazon Global Store launches in Korea
Global online retailer Amazon and South Korean e-commerce platform 11st launched the Amazon Global Store on 11st on Tuesday. The move has made it easier to buy tens of millions of products available on Amazon’s US website, ranging from PCs, toys and fashion to electronics, with free shipping on orders over 28,000 won ($24). Though the service has been in operation in 12 other countries, it marks the first time Amazon is working with a local company for the launch. It also makes 11st the
Aug. 31, 2021
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Online orders flood in for Jincheon store after county accepts Afghan evacuees
A Jincheon-based online store has temporarily suspended taking new orders after a drastic surge in orders following the county’s decision to accept Afghan evacuees. In a statement released on the website Sunday, JC Mall said its order volume had jumped “more than twentyfold” since Friday, compared with other weekends. Its increased popularity comes after hundreds of evacuees from Afghanistan were admitted to the Leadership Campus of the National Human Resources Development I
Aug. 30, 2021