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Business
Lotte rolls out spicy tteokbokki-flavor sauce ice cream
Mar 2, 2021
Lotte Confectionery is launching a spicy cheese tteokbokki-flavored ice cream, the company said Tuesday. The new flavor is being introduced as a limited edition of Lotte’s Chal Tteok ice cream line. A total of 500,000 will be sold in retail channels including supermarkets and ice cream discount stores. To make the tteokbokki flavor, the company said it mixed Jalapeno into the orange-colored rice cake, which wraps around the cheddar cheese-flavored ice cream with spicy chips and cookie
Number of duty free store shoppers plunge to a record low in January
Mar 2, 2021
The number of shoppers at duty free stores stood at 343,983 in January, the lowest since the coronavirus crisis began to affect the South Korean economy last March, according to the Korea Duty Free Shops Association. Some 280,000 South Korean nationals and 59,600 foreign nationals spent a 1.38 trillion won, the latest data from the association showed. The figure is down nearly 80,000 compared to December last year. Sales, however, are up 16.7 percent compared to the previous month. Compared t
Homeplus to sell cars, offer EV charging services
Mar 1, 2021
Homeplus will sell cars and install electric vehicle charging stations, as part of its efforts to provide more reasons for customers to visit its physical stores other than grocery shopping, the hypermarket chain said Monday. Homeplus’ plans for the new mobility service platform cover a wide range of services, and it is currently taking preorders for two electric motorcycles from DNA Motors -- EM-1 and Zappy 1 -- and preparing to launch a rental service, the company said. “By of
Philip Morris Korea wins legal battle against tax authority over trademark fees
Mar 1, 2021
Philip Morris Korea has won a legal battle worth billions of won against the country’s tax authority over trademark usage fees, according to legal sources. The Seoul Administrative Court on Monday ruled in favor of the South Korean unit of the international tobacco company, ordering a tax imposed by Seoul Main Customs worth 9.82 billion won ($8.7 million) to be canceled. The ruling comes four years after the Korea Customs Service ordered the company to pay some 3.4 billion won in customs
Fashion brand Badblood under fire for ‘blackfishing’ on Instagram
Feb 28, 2021
Asian model’s skin darkened to make clothes ‘look even better’
Aberlour Craftsmanship Award names latest recipient
Feb 26, 2021
Pernod Ricard Korea has chosen the second recipient of the Aberlour Craftsmanship Award, an award named after the single malt Scotch whisky distillery of the same name, to recognize socially responsible talents, the company said Friday. Mun Seung-ji, a furniture designer and the founder of Team Virals, has been given the prize for creating zero waste eco-friendly furniture. “Through the Aberlour Craftsmanship Award, we seek to create a positive impact on consumers by recognizing those wi
[From the scene] Seoul’s newest, biggest department store offers new shopping experience
Feb 26, 2021
The Hyundai Seoul opens in Yeouido, highlights retail therapy as future of department stores
[Herald Review] Hanmac: OB comes up with a fairly good rice-based lager
Feb 25, 2021
Oriental Brewery unveiled its new beer “Hanmac” late last month, boasting it as “Korea’s representative lager project.” As the label suggests, the company, famous for its pale lager Cass, set the bar high for itself. ”Some lagers are more than just beers and represent their regions as they do in Germany, Belgium, and the Czech Republic. We hope that ‘Hanmac’ will captivate consumers with its refreshing flavor of Korean rice and become a true &ls
Coupang’s early morning delivery service tops customer satisfaction index
Feb 24, 2021
Coupang boasted the highest customer satisfaction rate among e-commerce platforms providing early morning delivery, according to a new survey by the Korea Consumer Agency. The e-commerce giant, famous for its subscription-based Rocket Delivery service, had a score of 3.81 and was followed by SSG.com, another online marketplace owned by Shinsegae Group, and grocery delivery firm Market Kurly, whose scores were 3.76 and 3.72, respectively, the agency said Wednesday. The online survey asked a sam
Snack firm Orion completes construction of factory in India
Feb 23, 2021
Company behind Choco Pie to branch out into Indian market
Coway achieves record sales of W3.2tr in 2020
Feb 18, 2021
Coway achieved its highest annual sales of 3.2 trillion won in 2020, largely backed by the growth in overseas purchases, the Korean home appliances rental company said Thursday. Last year, Coway said its annual sales increased by 7.2 percent, when compared to the year earlier, thanks to its thriving overseas business. The operating profit and net profit stood at 606.4 billion won and 404.7 billion won, jumping 32.3 percent and 21.8 percent on-year, respectively. “Amidst internal and e
Baemin founder pledges to donate over half of his wealth
Feb 18, 2021
South Korean CEO of food delivery giant joins likes of Bill Gates in philanthropic donations
[Photo News] Royal Salute Contemporary Art Digital Festival
Feb 17, 2021
Scotch whisky brand Royal Salute is holding a pop-up art exhibition at Seoul Auction‘s Gangnam Branch that continues until Tuesday. The show features contemporary artwork inspired by the whisky brand from five artists including Kim Sun-woo, qwaya, 275c and Adrian Seo and Sung Nak-jin. Alongside the artwork, a range of Royal Salute whiskys, including this year’s latest lineup and limited editions, are also on display -- including the 29-year-old Pedro Ximénez edition. Entry
W2.4tr spent on Coupang and Coupang Eats in January: report
Feb 17, 2021
Shoppers in South Korea spent some 2.4 trillion won on fast-growing e-commerce giant Coupang and its food delivery app Coupang Eats last month, according to data released from industry tracker WiseApp on Wednesday. The latest data showed some 20 million people spent a total of 2.4 trillion won during the month of January, with each spending a total of 144,000 won per month on average on both apps. The data is based on credit card and debit card transactions and bank transfers of South Koreans
BAT Korea to reach wider audience with modified risk tobacco products through digital marketing
Feb 16, 2021
BAT Korea reaffirmed its plan to reach a wider audience with potentially-reduced risk products on Tuesday as it cited the success of recent digital marketing efforts to promote e-cigarettes. “Sales promotions for Glo Pro last month took place both online and in-store and it was especially well received online and we managed to sell out the stock we prepared quicker than expected,” said Yu Jung-min, head of offline activation at BAT Korea during an online press event. “Diversi
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Boys no longer preferred
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Fashion brand Badblood under fire for ‘blackfishing’ on Instagram
‘Minari’ wins best foreign film at Golden Globes
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Moon says South Korea ready for talks with Japan to mend ties
New virus cases stay in 300s for 3rd day as new school semester starts amid potential uptick
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[Newsmaker] Court battle looms for football star Ki Sung-yueng in assault scandal
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Homeplus to sell cars, offer EV charging services
Naver, Softbank launch Japanese joint venture to take on internet giants
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