Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Duty-free stores offer huge discounts on luxury goods
Duty-free stores are planning to offer huge discounts, including on luxury items, next week to clear out their inventory, following lackluster sales due to the COVID-19 pandemic. Shilla Duty Free said Friday it will start selling duty-free products next week on its platform Shilla Trip, which was launched last year. While duty-free products are usually banned from domestic sales, Korea Customs Service has temporarily allowed sales of the goods that have been in stock for more than six months
Consumer June 19, 2020
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Coupang ranks 2nd in CNBC Disruptor 50
South Korean e-commerce giant Coupang said Tuesday it ranked second in the eighth edition of the CNBC Disruptor 50 list from among 1,355 nominees worldwide. The list of 50 private companies with the potential of becoming the “next generation of billion-dollar businesses” is released by the US broadcaster annually. Coupang said it was the first Korean company to be included in the list. According to CNBC’s description, the 2020 CNBC Disruptors are “50 private companie
Consumer June 17, 2020
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Starbucks Korea opens renewed Hwangudan Store in Seoul
Starbucks Korea said Tuesday it is set to open its renovated Hwangudan Store in Seoul, upping its efforts to safeguard the domestic cultural heritage. According to the coffee chain, it has revamped the existing Sogongdong Store in Jung-gu to reflect the designs of Hwangudan -- a site for performance of the rite of heaven, designated as South Korea’s Historic Site No. 157 in 1967. Starbucks Korea held the opening ceremony of the store with the Cultural Heritage Administration and Nation
Consumer June 17, 2020
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Aekyung launches flagship cosmetics brand Age 20’s on Amazon
Aekyung Industrial said Monday it has launched its flagship cosmetics brand Age 20’s on Amazon, entering the US market for the first time. The cosmetics company said it will present the makeup products of Age 20’s, including the Essence Cover Pact, primers and tone-up boosters, all approved by the US Food and Drug Administration. Aekyung said launching the products on Amazon is expected to help raise the brand’s awareness in the US and global markets. The South Korean firm
Consumer June 15, 2020
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HiteJinro Beverage launches Black Bori barley tea in US
HiteJinro Beverage, the beverage arm of HiteJinro, said Monday that it is launching Black Bori, its barley tea product, in one of the largest retailers in the US. The company said it exported the first 260,000 bottles of Black Bori on May 30, and has completed the clearance procedure. It is the first time any South Korean beverage company has joined hands with a major retailer in the US, the company said. The company said the export deal was possible because the barley tea is
Consumer June 15, 2020
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SPC Samlip launches home deli brand YAAM! with Coupang
Korean food company SPC Samlip said Monday it has launched the home deli brand YAAM! with Coupang, an e-commerce giant here. Under the new brand, the company said it is presenting 17 products, including bread, salad and soup items to go up against home meal replacements. The new brand is available only via online retailers. SPC Samlip said it has partnered with Coupang to target the growing food delivery market, and that they selected items that encompass wider choices of Western food, as
Consumer June 15, 2020
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SPC Group plans Paris Baguette debut in Canada
SPC Group, the operator of Korea’s leading bakery franchise Paris Baguette, said Sunday it will enter Canada by launching the flagship Paris Baguette brand next year. According to the company, it recently established Paris Baguette Family Canada Licensing with a plan to open the first stores in major cities in the country, including Vancouver and Toronto in the first half of next year. The move comes as part of its plan to expand its business in North America. SPC Group has had laid o
Consumer June 14, 2020
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2020 liquor exhibition held under stricter hygiene measures
Seoul International Wines & Spirits Expo 2020 was held from Friday to Sunday to present novel items related to drinking, under stricter disinfection measures amid the COVID-19 outbreak. A total of 330 companies participated in the three-day annual event, the only wine and spirits exhibition of its kind in Korea, to promote their products, including beer, wine, traditional drinks and related devices, such as homebrewing machines. Held amid the prolonging COVID-19 crisis, the organizer sa
Industry June 14, 2020
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[Weekender] Fake meat no more faux pas in Korea
Kim Jin-kyung first encountered “fake meat” several years ago, when she had a Korean course meal at a restaurant. The idea of “bean meat,” a brownish lump neatly laid on a plate, was fascinating, but the taste came short of her expectations. Years have passed and now Kim is having fun exploring different meat alternatives that are more abundant in flavor than her first experience. “There are not many, but still some decent fake meat products that are plant-based
Industry June 13, 2020
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SK E&C slapped with $68.4m fine in US
SK Engineering and Construction was handed a $68.4 million penalty by a US court Thursday on charges of bribing an official to win an Army contract. The Department of Justice said in a press release that the Court for the Western District of Tennessee has ordered SK E&C to pay $60.6 million in criminal fines along with $2.6 million in restitution to the Army and serve three years of probation. The fine is the largest ever imposed against a criminal defendant by the federal district court.
Industry June 11, 2020
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Diageo Korea releases Johnnie Walker 200th Anniversary Edition
Celebrating the 200th anniversary of its flagship scotch whisky brand Johnnie Walker, Diageo Korea said Thursday it will roll out a limited edition in retail shops across the country. Founded by John Walker in Scotland in 1820, Johnnie Walker is the world’s No. 1 scotch whisky brand selling over 100 million bottles annually in about 200 countries across the globe. Marking the anniversary, the South Korean branch of British liquor firm said it will present a limited edition of Johnnie
Industry June 11, 2020
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HiteJinro to export Jinro soju to 7 countries
South Korean liquor maker HiteJinro said Wednesday it will start exporting its hit soju brand Jinro Is Back to seven countries, marking the first anniversary of its release. According to the company, it will export 1.3 million bottles of Jinro in the first batch to Japan, China, the US, the UK, Canada, New Zealand and Singapore. “We decided to export (Jinro) to mark the first anniversary, as there have been consistent demands for exports from the global markets, especially centering on
Consumer June 10, 2020
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McDonald’s Korea posts 9% growth despite pandemic
McDonald’s Korea said Wednesday that despite the COVID-19 pandemic it posted sales growth of 9 percent from January to April on-year, thanks to its Best Burger initiative. The announcement was made by Managing Director Antoni Martinez, who was appointed to the position in February, in his first public message via a video on its official YouTube channel, titled “Invitation to Best Burger: Antoni Martinez’s Message.” Unable to hold a physical press conference due to th
Consumer June 10, 2020
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Cleanwrap selling flagship sanitary gloves on Amazon
Cleanwrap, a leading food packaging company in South Korea, said Wednesday that its flagship Clean Gloves are now available through the US shopping website Amazon. The company’s sanitary gloves received attention during the general election, held April 15, when 1.25 million packs (or 60 million gloves) were supplied to polling stations across the country to prevent voters from contracting COVID-19. According to the company, its sanitary gloves and plastic bags are made of nontoxic mate
Consumer June 10, 2020
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OB’s flagship beer Cass receives Superior Taste Award
Oriental Brewery said Tuesday its flagship beer Cass Fresh and Cass Light have received the 2020 Superior Taste Award held by International Taste Institute. According to South Korea’s largest beer maker by revenue, Cass Fresh received the award with one-star rating, which is granted to participants scoring above 70 percent. Cass Light received two stars, scoring between 80-90 percent. ITQI was established in Brussels, Belgium, in 2005, serving as an evaluation body for food and bevera
Consumer June 9, 2020
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