Most Popular
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Top 4 conglomerates convene strategy meetings to navigate uncertainties
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[AtoZ into Korean Mind] Korea's broken ladder of social mobility
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Doctors to go on indefinite walkout as government rejects final demands
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Putin’s Pyongyang trip highlights need for bond in isolation
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Doctors begin indefinite strike
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Yoon returns amid tensions over Putin's Pyongyang visit
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[Graphic News] Son Heung-min named 10th-best forward
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[KH explains] Why Korean battery companies are key to Tesla's 2170 upgrade strategy
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Korea to promote eco-friendly albums in K-pop industry
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No. of mosquitoes unusually high in June
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Lotte says Honey Butter Almonds sees high sales among foreigners
Lotte Mart said Sunday it will open two Honey Butter Almonds stores, following the snack’s popularity among foreign customers. According to the company, Honey Butter Almonds was recorded as the most popular snack product by foreign customers, posting the highest sales in the previous two years, with sales rising by 18.2 percent in 2018 and 7.9 percent in 2019 at Lotte Mart outlets. To meet the trend, Lotte Mart said it will open two Honey Butter Almonds stores in Seoul Station and Gim
Jan. 12, 2020
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[Feature] Soju goes ‘newtro’
Soju is going “newtro.” With the trend -- a combination of “new” and “retro” -- sweeping the South Korean retail scene, liquor makers have brought back new versions of discontinued soju. These products are especially popular with consumers in their 20s and 30s, according to the industry. In April 2019, liquor maker HiteJinro -- which leads the soju market with its signature Chamisul -- introduced a new version of its old soju brand Jinro, dubbed “Jinro I
Jan. 12, 2020
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Shake Shack rolls out Roasted Garlic Mushroom Burger
Shake Shack will roll out the limited-edition Roasted Garlic Mushroom Burger in South Korea on Monday. According to the chain’s Korean operator SPC Group, the burger is the first new menu item of the year. It comprises Angus beef patty, deep-fried shallots and Portobello mushroom, topped with garlic mayonnaise sauce and provolone cheese inside a potato bun, the company said. It will be priced at 8,900 won ($7.66).Along with the new burger, Roasted Garlic Mayo Fries will be available
Jan. 12, 2020
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Coupang prepares for IPO as early as 2021: report
Korean e-commerce giant Coupang is preparing for an initial public offering as early as 2021, according to industry sources on Thursday. Citing anonymous officials, Bloomberg reported that Coupang has begun gearing up for an IPO, starting with tax structuring. Established in 2010 by CEO Kim Bom, Coupang was valued at $9 billion at the end of 2018. Amid rumors that the SoftBank-backed company would go public, Kim said he had mulled the option -- the “most difficult” in his career -- i
Jan. 9, 2020
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Shinsegae Department Store’s Gangnam branch records over W2tr in annual sales
Shinsegae Department Store said Tuesday its Gangnam branch recorded annual sales of 2 trillion won ($1.71 billion) in 2019, becoming the first single store to do so in the retail industry in South Korea.According to Shinsegae, its Gangnam branch in Seoul saw annual turnover exceed 1 trillion won in 2010, hitting the milestone just 10 years after it opened. With the 2019 record, the department store joins the “2-trillion club” to stand shoulder to shoulder with global department
Jan. 8, 2020
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Samyang Group chairman vows bold investments, M&As in 2020
Samyang Group Chairman Kim Yoon said in his New Year’s address that the company would overcome challenges and prepare for the future this year. During a New Year’s meeting on Thursday, he also vowed to make bold overseas investments, acknowledging that the group’s assets and business activities are overly focused on the Korean market. “Both markets at home and abroad will be much more difficult this year,” Kim said, suggesting four strategies for the group&rsq
Jan. 3, 2020
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McDonald’s McCafe launches decaf coffee drinks
McDonald’s said Thursday that its coffee brand McCafe has newly launched decaffeinated coffee drinks with the aim of attracting local customers who are sensitive to caffeine and heavy coffee drinkers.According to the company, McCafe will present four decaffeinated coffees -- Americano, McCafe Latte, Cappuccino and Espresso -- to offer a variety of choices for customers seeking to control their daily caffeine intake.The drinks in medium-sized cups cost between 1,000 won ($0.86) and 2,000 wo
Jan. 2, 2020
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Retailers launch mouse-inspired goods to celebrate ‘Year of White Mouse’
With 2020 marking the “Year of the White Mouse,” retailers rolled out mouse-inspired products, luring consumers with limited edition goods and special marketing in celebration of the new year. Based on the Chinese zodiac, the white mouse is the first of the 12 animals and considered the leader of the mice, symbolizing wealth, fortune and prosperity. Due to ambiguity in the Chinese characters, 2020 may also be referred to as the Year of the Metal Rat. According to Starbucks Korea, it
Jan. 1, 2020
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Coupang to construct its largest fulfillment center in Daegu
Coupang said Monday it would build a high-tech mega fulfillment center in the Daegu National Industrial Complex, in Daegu. Holding the groundbreaking ceremony, the e-commerce platform said it will invest 320 billion won ($276 million) to build a mega-sized fulfillment center covering 330,000 square meters, that is equivalent to about 45 soccer fields. The construction is expected to be completed in 2021. According to Coupang, the fulfillment center will serve as the key hub in the company&r
Dec. 30, 2019
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[Best Brand] Powerful-X wins marketing award for contributions in sports industry
Sports beauty company Powerful-X has been recognized for its contributions to the development of the sports industry, winning this year’s Sports Marketing Award given by the Ministry of Culture, Sports and Tourism as well as the Korean Sports and Olympic Committee. The health care cosmetics company, known for its pain relief cream, won at the fifth annual Sports Marketing Award ceremony for athletes, organizations and companies that contributes to development in the sports industry by the
Dec. 30, 2019
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Keyword for shopping in 2020: ‘Hyolo’
EBay Korea, which operates South Korea’s leading online retailers Gmarket, Auction and G9, chose “Hyolo” as its keyword for shopping trends in 2020, reflecting the increasing number of shoppers living alone and their desire to live life to the fullest. Hyolo combines the Korean word “holo,” which means “alone” in English, and “YOLO,” the acronym for “You Only Live Once.” EBay Korea forecast that the major consumer segment in 2020
Dec. 30, 2019