The Korea Herald

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
New hobbies emerge for those in their 20s and 30s: Hiking, camping, golf

Jul 21, 2020

Hiking, camping and golf, activities often associated with older people in South Korea, are gaining popularity among people in their 20s and 30s in the wake of the COVID-19 pandemic, a report said Tu...
GS25 says Disaronno sold most in mobile liquor orders

Jul 20, 2020

GS25 said Monday the bestselling product from its mobile app for wine and liquor orders was Disaronno, an Amaretto-tasting liqueur. Over 70 percent of wine orders made via the app were made outside o...
Paris Baguette launches monthly sandwich, coffee subscription

Jul 20, 2020

Paris Baguette, South Korea’s biggest bakery brand operated by SPC Group, said Monday it is testing a new subscription business by launching a monthly discount service for its coffee and sandwich men...
Silicon Valley engineer joins Coupang as new vice president to oversee Rocket Delivery

Jul 20, 2020

E-commerce giant Coupang has appointed software engineering expert Jeon Joon-hee as the new vice president of engineering for its express delivery service, the company said on Monday. Jeon, who has ...
Beer imports down for first time in decade

Jul 19, 2020

South Korean imports of beer fell for the first time last year in a decade, largely on a nationwide boycott of Japanese products amid a yearlong trade dispute, data showed Sunday. Imports of beer st...
'Hallyu' boosts demand for Korean ice cream in Vietnam: report

Jul 19, 2020

South Korea's exports of ice cream to Vietnam jumped 30 percent in 2019 from a year earlier on the back of the growing popularity of Korean culture in Southeast Asia, data showed Sunday. Outbound sh...
Korea Yakult, KIOST sign MOU for commercialization of Spirulina extract

Jul 17, 2020

Korea Yakult announced Friday it has signed a memorandum of understanding with a government institution to lay the groundwork for development of a marine microalga-derived material that improves cogn...
Craft beer fizzes with rising popularity in Korea

Jul 17, 2020

Craft beer is expanding its market share in South Korea, with sales at convenience stores seeing a surge in recent months. According to convenience store chain CU, the sales of craft beer products s...
'Hallyu' tourists spent $1,007 on average in 2019, BTS most favored: report

Jul 16, 2020

Foreigners who traveled to South Korea last year to consume K-pop goods and content were estimated to have spent $1,007 on average, according to a report Thursday. In its latest tourism industry ana...
Diageo Korea launches new drinks with lower alcohol content

Jul 15, 2020

Diageo Korea said Wednesday that it has launched two new products, W 19 and W Honey, the first spirits in the local industry with just 32.5 percent alcohol by volume. The liquor maker said it had de...
SPC Group confronts pandemic woes with wider overseas ventures

Jul 15, 2020

While the COVID-19 pandemic has depressed the performance of many businesses, the opposite is true for South Korean food company SPC Group, which has expanded its overseas business in recent months. ...