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The Korea Herald

Retail & Consumer

December 04, 2024
Martial law crisis stokes fears among food, beauty exporters

The unexpected martial law declaration late Tuesday by President Yoon Suk Yeol, which was lifted just two and a half hours later, left South Korean export-driven businesses fearing its impact on their global expansion. In particular, food and beauty companies, which have found renewed growth in ov...
December 02, 2024
Dunamu’s Viver launches global transaction platform for luxury watches

South Korea’s luxury watch transaction platform Viver said Monday it is launching its cross-border service, largely buoyed by its successful launch at home. Dunamu, the operator of the nation’s largest crypto currency exchange Upbit, established Viver as a subsidiary in 2022 to venture into new ...
December 02, 2024
K-fashion platform Ably secures W100b funding from Alibaba

Ably Corporation, operator of women’s fashion e-commerce platform Ably, announced on Monday that it has secured its first global capital investment of 100 billion won ($75 million) from China’s Alibaba Group. This marks Alibaba's first stake acquisition in a Korean e-commerce platform, with the ...
December 01, 2024
Rising cacao costs cited for driving up S. Korea's chocolate snack prices

South Korea's major confectionery companies have decided to raise the prices of their popular chocolate snacks on the back of soaring cacao prices, driven by climate change. Orion announced a 10.6 percent average price increase for 13 products starting Sunday. The price of its popular products lik...
December 01, 2024
[From the Scene] At this Starbucks, you need ID: Franchise opens store with view of North Korea

By No Kyung-min ( minmin@heraldcorp.com )
November 28, 2024
CJ CheilJedang debuts instant fried rice in US

Korean food giant CJ CheilJedang has launched its first instant fried rice product in the United States, the company said Thursday, as part of its efforts to meet rising global demand for Korean ready-to-eat meals. The new product, Bibigo Korean BBQ Fried Rice, is the company’s first in the shelf...
November 27, 2024
[From the Scene] Inside K-food-themed CU convenience store in Myeong-dong

By Hwang Joo-young ( flylikekite@heraldcorp.com )
November 26, 2024
Paris Baguette launches first franchise store in UK

South Korean bakery giant SPC Group said Tuesday it has opened its first Paris Baguette franchise store in the UK, marking its debut in franchising within the European market. Paris Baguette had previously operated company-owned stores in Europe, including France and the UK. The first franchise st...
November 21, 2024
[From the Scene] Gigantic Olive Young store lures young trend-setters in Seongsu

Interactive services elevate the experience even further. At the Skin Fit Studio, visitors can indulge in spa-quality skincare treatments, while the Makeup Studio and Touch-Up Bar offer themed tutorials and personalized beauty sessions. To foster collaboration and support industry growth, Olive Y...
November 20, 2024
[Herald Interview] How Gopizza became big name in India

Interestingly, Gopizza has also introduced Korean instant ramyeon to its Indian menu, which has become unexpectedly popular. "We sell Shin Ramyun in a bowl at around 4,000 won, which is more expensive than our pizzas. But Indian customers are willing to pay for it," Lim noted, highlighting the gro...
November 14, 2024
Braun razor popular gift option for young men

P&G Korea on Thursday suggested Braun’s Series 7 razor as a thoughtful gift option for young men approaching adulthood, citing a recent survey that high school students who finished college entrance exams prefer practical gifts rather than traditional sweets. Designed to deliver a personalized sh...
November 10, 2024
KT&G reports record cigarette sales in Q3

KT&G, the nation’s largest tobacco company, said Thursday its cigarette sales hit a new record in the third quarter, largely buoyed by overseas sales. In the July-September period, the company reported 1.04 trillion won ($780 million) in cigarette sales, up 7.7 percent from a year ago and the hig...
November 08, 2024
Starbucks to open store on North Korea's doorstep

Starbucks Korea will open a new outlet this month, just 1.4 km away from North Korea. The store will be located on the second floor of the observatory at Aegibong Peace Ecopark in Gimpo, Gyeonggi Province. Aegibong, a 154-meter peak, offers a direct view of North Korea’s Kaepung County and Songa...
November 06, 2024
Coupang hits record quarterly sales on customer loyalty

New York-listed e-commerce giant Coupang set another quarterly record in the July-September period of this year on enhanced user engagement, with its revenue reaching $7.86 billion, a 32 percent jump from a year ago. The company also returned to profitability in the quarter after posting operating...
November 04, 2024
Hyosung hits W1tr in power equipment orders in Europe

Hyosung Heavy Industries said Monday it has signed a contract with Denmark's leading offshore wind company, Orsted, to supply high-voltage electrical equipment, further strengthening its presence in the European transformer market. Under this agreement, Hyosung will deliver 400 kilovolts of high-v...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099