The Korea Herald

Lotte Department Store's main outlet in Seoul to close temporarily over coronavirus fears

Feb 7, 2020

Lotte Department Store, one of the country's major department store chain operators, said Friday that one of its outlets in downtown Seoul will be temporarily closed starting late Friday for a cleanu...
Orion records highest operating profit of W327b in 2019

Feb 5, 2020

Korean confectionary firm Orion said Wednesday it recorded operating profit of 327.3 billion won ($275.9 million) in 2019, marking the highest figure in company history. According to the company, it...
Call me ‘Bae Ha-jun’: OB CEO from Belgium gets Korean name

Feb 5, 2020

Ben Verhaert, CEO of the South Korea-based Oriental Brewery, has chosen a new Korean name to foster friendly communication with his Korean employees and customers, the company said Wednesday. The Bel...
Coupang CEO freezes price of masks amid coronavirus outbreak

Feb 3, 2020

The outbreak of the Wuhan coronavirus has led to controversy about whether it is right for face mask manufacturers to raise the prices of their highly sought-after products. While overall prices of ...
Amorepacific partners with top Indonesian retailer, expands presence in region

Feb 3, 2020

Korea’s top cosmetics maker Amorepacific Group said Monday it confirmed a business partnership with PT Mitra Adiperkasa (MAP), a leading retailer in Indonesia, strengthening its position as global be...
[Herald Interview] Homeplus eyes market expansion with private brand, global sourcing

Feb 3, 2020

Top executive of retailer has aggressive plans for expanding market share in South Korea
Lotte Chilsung rolls out eco-friendly water product with no plastic labels

Jan 29, 2020

Lotte Chilsung Beverage said Wednesday it has rolled out bottled mineral water without plastic labels. The new product, 1.5-liter Icis 8.0 Eco, has its brand name engraved on the plastic bottle, tak...
Rivals join hands for global heated tobacco market

Jan 29, 2020

KT&G partners with Phillip Morris International to distribute heat-not-burn lil cigarettes worldwide
McDonald’s Korea names Martinez as new chief

Jan 29, 2020

McDonald’s Korea announced Wednesday the appointment of Antoni Martinez as the new managing director. He replaces Melanie Joh who resigned last month. Martinez has been market director for the south...
Samyang sells more overseas than domestically on spicy noodle hit

Jan 28, 2020

Samyang Foods, the manufacturer of the globally popular Buldak Spicy Chicken noodles, saw its revenue from overseas surpass domestic sales last year, industry sources said Tuesday. Last year, Samyan...
Korean meat brand taps Pakistan market

Jan 22, 2020

Korean food service enterprise Didim said Wednesday its Korean barbecue brand Mapo Galmaegi signed a franchise contract with a Pakistani company to start business there. Didim said it signed the con...
Blue Bottle Coffee to open 5th store in Gwanghwamun

Jan 22, 2020

California-based coffee chain Blue Bottle Coffee will open its fifth store in South Korea near Gwanghwamun Square in central Seoul, according to industry on Wednesday. After making a hit in opening ...
McDonald’s Korea CEO resigns for personal reasons

Jan 21, 2020

McDonald’s Korea CEO Cho Ju-yeon resigned from her post last week due to “personal reasons.” Cho sent an email to all employees on Tuesday to announce her resignation, without elaborating on the rea...
McDonald’s Korea to raise burger prices by 1.36 percent, including Big Mac

Jan 17, 2020

McDonald’s Korea said Friday that it will raise prices of eight items on its menu from Monday, including the brand’s signature Big Mac, by 1.36 percent overall. The items are four burgers, one side ...
Starbucks to roll out BTS drinks

Jan 17, 2020

Starbucks Korea will start a new campaign with K-pop boy band BTS and roll out new menu items and products, as part of a project supporting youth, the company said Thursday. According to the coffee ...