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California-based electric scooter-sharing startup Lime will launch its service in South Korea in September, according to industry sources on Aug. 5. Lime has already started recruiting employees for...
South Korea was the third-largest exporter of cosmetics to China in the first quarter of this year, losing its top status to Japan, data showed on Aug. 5. Its shipments of cosmetics to the world’...
The different business strategies chosen by South Korea’s top two cosmetics companies -- LG Household and Health Care and Amorepacific -- are being reflected in their bottom lines. LG Household and ...
South Korean retail firm E-Land World said on Aug. 1 it has closed a deal with Xtep International Holdings to sell its subsidiary K-Swiss for 300 billion won ($260 million) in a move aimed at streaml...
Cosmetics equipment manufacturer Cosmax secured 82.8 billion won ($70 million) from Korean venture capital firm SV Investment, according to industry sources on July 30. In return, Cosmax handed over...
Lotte Duty Free said on July 28 that its third duty-free store in Vietnam has opened at Hanoi’s Noi Bai International Airport, a year after its second outlet was launched in Nha Trang. Spanning over...
A consortium led by Mirae Asset Global Investments, South Korea’s largest asset management firm, has signed a contract with Southeast Asian companies Jollibee Foods and Viet Thai to sell California-b...
Cash-strapped Woongjin, which recently decided to resell its stake in water purifier rental firm Woongjin Coway, announced on July 24 that it will offer staple financing to the buyer. Staple financi...
Korean e-commerce rookie Blank is further expanding by injecting money into its new businesses before its initial public offering, according to industry sources on July 22. “We are planning to file ...
South Korean retailers are likely to deliver disappointing earnings for the second quarter on stiff competition with online operators, with industry leader E-mart expected to post the first deficit i...
South Korea’s catering and foodservice firm CJ Foodville announced on July 18 that it has secured 87.5 billion won ($74.3 million) from Chinese private equity firm Hosen Capital to further expand its...
Two South Korean duty-free operators have cemented their positions in the world’s top five travel retailers in 2018, an industry report showed on July 18. Lotte Duty Free maintained its second sp...
The chief executive officers of South Korean cosmetics firm Too Cool for School have decided to sell their stakes, according to industry sources July 17. Shim Jin-ho and Jo Hye-shin, the two co-CEOs...
Sales at South Korean duty-free stores hit a new half-year high, industry data showed July 17, on the back of the opening of new downtown shops and on-arrival duty-free shops here. The combined s...
South Korean e-commerce platform builder cafe24 announced on July 16 that it has started providing Vietnamese language service to its online shopping platform operators. “The Vietnamese e-commerce m...
Video-streaming war heats up in S. Korea
YG faces W6b tax penalty as Burning Sun scandal unfolds
Ghost Kitchen secures additional W9.2b
Medytox invests in US startup LifeSprout
KT&G launches new HNB tobacco sticks MIIX Classy
KT joins forces with Hyundai for electric bus
S. Korean companies expand presence on Dow Jones indices
Korean drug firms eye growth in South America
September 17, 2019
