Most Popular
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Qoo10 liquidity crisis sparks massive complaints, fears of wider damage
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Yoon urges municipalities to embrace foreigners
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What is happening at Hybe?
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S. Korea to consent to Japan's Sado mines gaining World Heritage status: official
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Korea unveils tax reform bill to spur economy
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Actor’s excessive airport security sparks probe into human rights violations
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Actor Yoo Ah-in accused of sexual attack
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Man who let his father die due to financial difficulties to be released on parole
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S. Korea, China shifting from tensions to cooperation: Seoul
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LG Electronics achieves record earnings in Q2
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Duty-free shops open cross-border sales to secure overseas consumers
South Korea’s duty-free shops are launching cross-border sales services starting Friday with high hopes to secure consumers overseas, as they are losing price advantage to local clients due to high won-dollar exchange rates. Lotte Duty Free opened the overseas shipping service on Wednesday, which sells around 220 kinds of products including cosmetics, fashion items and food products. Consumers in nine countries including China, Japan, US, Singapore and Thailand can enjoy free shipping as
June 29, 2022
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From mini couches to feeding mats, Gucci launches pet collection
Italian luxury fashion brand Gucci on Wednesday launched its new “Gucci Pet Collection,” catering to canines and felines that enjoy extravagant lifestyles. The product line is part of a larger collection titled “Gucci Lifestyle,” which was launched in September 2021. The pet attire and accessories are all made from recycled cotton and polyester, and Gucci’s own eco-friendly fabric called Demetra that is made from sustainable, renewable sources. Pet owners can now
June 29, 2022
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Retail sales up 10.1 pct in May amid eased virus curbs
Retail sales in South Korea rose 10.1 percent on-year in May on the back of growing demand for fashion-related items and other services amid the government's relaxation of COVID-19 curbs and the growth in people's outdoor activities, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers reached 14.45 trillion won ($11.24 billion) last month, up from 13.1 trillion won a year earlier, according to the data compiled by the Ministry of Trade, Indus
June 28, 2022
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Pulmuone sponsors Korean food documentary by US culinary school
South Korean food giant Pulmuone said Monday it has sponsored a documentary production with the Culinary Institute of America, one of the world’s most prestigious culinary schools, to promote Korean food to a global audience. In partnership with Pulmuone, the CIA plans to document Korea’s plant-based recipes and food culture. The documentary will be used for educational purposes for chefs, CIA students and food and cafeteria service providers in the US. Starting with Korea, the CI
June 27, 2022
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[Best Brand] The IB Korea introduces new cocktail products
The IB Korea, a beer and liquor importer, recently participated in the Air House Festival, a music fair held in Chuncheon, Gangwon Province, for three days starting June 10. At the event, the IB Korea met with young customers in their 20s, introducing its newly launched cocktail products, Uptown Margarita and Uptown Pina Colada. The two new products are brands from Texas-based distillery and winery Southern Champion. The Uptown Margarita is an agave wine-based cocktail, while the Uptown Pina
June 27, 2022
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[Best Brand] LocknLock caters to wide range of home-cooked meals
The trend of having healthy home-cooked meals has driven household goods companies to expand their business into the small home appliances sector. LocknLock, the global food container maker, has introduced Steam Fryer S2, which offers five cooking options -- steam oven, air fryer, grill, toaster and steamer. In particular, its super steam mode cooks food at 130 degrees Celcius and forces superheated steam deep inside ingredients. Since the cooker heats ingredients fast, it draws out fat and sa
June 27, 2022
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Dermocosmetics market fast growing in Korea: report
With fast-growing interest in high quality skin and hair care products in South Korea, the dermocosmetics market -- cosmetics that are just as effective as dermatological care -- has expanded in recent years to surpass the 4 trillion won ($3.1 billion) mark, a report showed Thursday. According to Samjong KPMG, a Seoul-based consulting firm, the country’s dermocosmetics market size has increased by 17.6 percent to 4.5 trillion won in 2020, compared to five years ago. The report said new
June 23, 2022
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Rising ‘lunchflation’ drives Korean workers to look for cheaper options
For Kim Sang-ji, a 28-year-old white-collar employee working at a trading company in Seoul, healthy lunch meals had been her usual choice -- until recently. Now, she heads to a convenience store nearby. When picking up a 5,000 won ($3.80) lunchbox or a 2,000 won gimbap roll, she feels unsatisfied. But when thinking about the cost of eating out these days -- particularly in the business district of Gwanghwamun, where her office is located -- plus the extra cost of coffee, she has decided to go o
June 17, 2022
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Raw, edgy and…under construction?
On a weekday evening, one cafe in western Seoul is about to close for the day while customers are still chatting away and enjoying their coffee. Repurposed from a shoe factory, this cafe is one of several trendy spots across the city that attract coffee drinkers and cafe enthusiasts alike, as numerous Instagram posts tagging the location show. “Industrial interior designs display the appeal of raw materials. Since it can give off a vintage or clean feel depending on the finish, demand i
June 16, 2022
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W Concept kicks off global campaign for local fashion brands
W Concept, a South Korean online fashion platform under retail giant Shinsegae, said Thursday that it has started its first global campaign to support the overseas business of the country’s fashion brands. From Friday to June 24, the company will release a series of fashion photo shoots featuring Leandra Medine, a global fashion influencer, wearing items from Korean fashion brand Eenk. The items are from Eenk’s Spring/Summer 2022 collection, which includes patterned tops, dresses,
June 16, 2022
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Food packages get smaller for customers weary of inflation
Amid price hikes and rising food bills, retailers in South Korea have come up with a new marketing strategy to keep customers satisfied. Convenience store chain CU has launched packages of vegetables, meat and fruit that are smaller and less expensive than the ones they usually sell. The store chain also offers packaged Korean pork belly, jowl meat, false lean, and flat iron steak in 200-gram packages. The company said it has cut margins by directly purchasing vegetables from distribution cen
June 13, 2022
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[Newsmaker] McDonald’s Korea back on sale after six years
McDonald’s Korea, the local unit wholly owned by the US fast-food giant, is seeking a new owner -- joining the latest burger chain sales rush here. The company confirmed Friday that its US headquarters is selling its entire stake in the Korean unit as well as its business license after its first failed attempt six years ago. According to news reports, Mirae Asset Securities, the deal’s lead manager, plans to send letters as early as next month to invite potential bidders. With
June 12, 2022
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Behind the success story of K-beauty brand Barenbliss in Southeast Asia
Budding cosmetics brand Barenbliss is garnering success in the Southeast Asian market, seeing rapid growth in online sales and receiving rave reviews from local media less than a year into its debut. In an interview with The Korea Herald, Barenbliss co-founder Jina Kim attributed her brand’s success to its “unique philosophy and insightful observations.” “Every product was produced on the basis of Bare Essential Plus, No Harm Plus, and Bliss Moment, the philosophies
June 9, 2022
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S. Korean retailers on real estate shopping spree
South Korean retail companies have been on a shopping spree recently, purchasing real estate in Seoul’s major commercial districts and preparing for new business development. According to data from the Financial Supervisory Service, on May 31 fashion company CreaS F&C finalized the purchase of 1,950 square meters of land and a 9,338-square-meter building in Nonhyeon-dong, within Seoul’s Gangnam-gu. Based on the deal worth 130 billion won ($103.6 million), the firm stated that
June 8, 2022
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Duty-free shops see customers return as tourism normalizes
With the arrival of the coronavirus pandemic’s endemic phase, South Korea’s duty-free shops are starting to see their long-awaited business recovery with a growing number of group tours, industry sources said Tuesday. According to a Lotte Duty Free official, some 150 tourists from Malaysia shopped at the Myeongdong branch for an hour on Tuesday before returning to their country. “It’s the first time in two years since COVID-19 started that a group of over 100 tourists
June 7, 2022
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McDonald’s McWings makes a comeback
Fast-food chain McDonald’s Korea said Monday that it has relaunched its limited edition side menu McWings. McWings is a fried chicken snack that comes with a complimentary dipping sauce. First released in 2014, McWings created a fad in 2019 when it sold out earlier than expected. It has since become a favorite seasonal menu among chicken maniacs for its crispiness and salty flavor, according to the burger franchise. “McDonald’s is presenting a wide range of chicken menus, i
June 6, 2022
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Mom’s Touch in search for new owner
South Korean chicken burger chain Mom’s Touch is searching for a new owner following its delisting from the nation’s second bourse Kosdaq on Tuesday. Its largest shareholder, local private equity firm Korea F&B Holdings, plans to buy shares at 62,000 won apiece for the next six months in order to protect minority shareholders. Following its delisting, industry watchers say sell-off talks are also expected to gain momentum. “Listed companies have legal obligations suc
June 3, 2022
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JM Solution’s skin care products hit European market
JM Solution, the skin care brand from South Korean cosmetics company GP Club, said Thursday that it has recently started supplying products in Europe through local retailers. Its Believe in Nature face mask line is the first to hit the European market. The firm said it will continue diversifying its product lineup in phases. For the latest European push, the firm has partnered with two German retailers, Muller and dm-drogerie markt, which boast a combined 4,359 stores in 15 countries in Euro
June 2, 2022
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[Photo News] World of Doughnuts
Doughnuts of various colors and ingredients are on display at a cafe and bakery fair held in Suwon, Gyeonggi Province, Thursday.
May 26, 2022
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Dongsuh Foods gives back to society through literary awards and more
Dongsuh Foods Corp. has sought to give back to society by holding literary contests, professional Go championships, and donating books to elementary school libraries. For the past three decades, the instant coffee giant has discovered thousands of female literary talents through its biennial contest. Some 240,000 pieces of literary work have been submitted to the Dongsuh Literary Awards, and about 6,000 writers have been awarded. Some 18,000 pieces were received for the 15th Dongsuh Literary Aw
May 26, 2022