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Haimarrow Food Service, a local hamburger franchise operator, announced on Nov. 5 that is has decided to sell 57.85 percent stake held by its Chairman Jung Hyun-sik. The PEF will also acquire 1,283,...
Philip Morris Korea announced Nov. 4 that it has launched a project to push forward its vision of a smoke-free future in Daegu City and Gyeongbuk region. The ‘Smoke-Free City’ project will last unti...
The total value of goods purchased via online shopping in South Korea rose 22.3 percent in September from a year earlier, government data showed Nov. 4. The total value of online transactions rea...
South Korea’s once-lucrative duty-free industry revealed poverty in the midst of plenty last week when Doosan said it was shutting down its duty-free stores, following in the footsteps of Hanwha Grou...
A top executive of tobacco giant Philip Morris International said the company plans to continue leading the heat-not-burn cigarette market and ultimately realize its vision for a smoke-free future. ...
Retail sales in South Korea edged up in September on-year on the back of sharp growth from online players, data showed Oct. 30. The combined sales of 26 major offline and online retailers reached...
Korean beauty giant Amorepacific is likely to shut down its luxury skincare brand Sulwhasoo outlet located at Galeries Lafayette department store in Paris due to low sales, according to sources on Oc...
Philip Morris Korea on Oct. 23 announced the launch of its upgraded version of heat-not-burn product iQOS 3 DUO. “I am strongly confident that the new innovative features of iQOS 3 DUO will further ...
E-Land Group on Oct. 16 announced that it has decided to join hands with South Korean unicorn startup Viva Republica, the creator of mobile financial service platform Toss. E-Land World, the de fact...
The loss-making Korean unit of China-based household goods chain brand Miniso announced Oct. 14 that it plans to aggressively expand the number of its outlets to 300 by 2023 under its new owner, Busi...
Samsung C&T said Oct. 15 that it aims to accelerate the global expansion of its fashion brand Beanpole. Celebrating its 30th anniversary, Beanpole announced its renewal move to rebrand as a “heri...
Starbucks Korea is mulling a move of its headquarters, leaving the current offices at a Shinsegae Group building, industry sources said on Oct. 14. Starbucks Korea, which has more than 1,260 outlets...
SK Networks has dropped its plan to acquire a majority stake in South Korea’s top water purifier rental company Coway, according to industry sources Oct. 8. The company has canceled its board meetin...
E-Land Park, the E-Land Group affiliate that runs hotels and resorts, announced Oct. 2 that it had appointed Yoon Sung-dae as CEO in a move to improve its financial stability. According to the compa...
Shinsegae International announced on Sept. 30 that it will start selling its cosmetics brand Vidi Vici at Singapore’s Changi Airport from Oct. 1. According to airline reviewing and rating website Sk...
S. Korea considering imposing 20% tax on cryptocurrencies
Alien Robot shows glimpse of future with robotic arm
Self-driving cars with lidar tech likely to hit Seoul roads soon
Samsung to acquire US network service provider
Goldman Sachs, SK to invest W50b in eco-friendly cold chain logistics center
[New Analysis] Can Delivery Hero-Woowa deal reshape Korea’s food delivery market?
Tada now available for foreign phone numbers, credit card holders
DuPont to invest $28m in S. Korea to build material production line
January 21, 2020
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