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[THE INVESTOR] Swiss-based food and beverage company Nestle recently replaced all three board directors of LOTTE-Nestle Korea, a 50:50 joint venture that it established with Korean retail giant Lott...
[THE INVESTOR] Global furniture giant IKEA said on Sept. 27 it has voluntarily begun recalling ceiling lamps due to safety issues following reports of glass shades falling. The decision affects ...
[THE INVESTOR] Kurly, operator of popular grocery delivery service Market Kurly, on Sept. 20 announced that it has closed its Series C round having raised 67 billion won (US$60.03 million). “Our Se...
[THE INVESTOR] SKINFOOD CEO Cho Yoon-ho is seeking to sell his majority stake in the Korean budget cosmetics brand to a strategic investor before its valuation falls further, according to industry s...
[THE INVESTOR] Korean retails giants Shinsegae and Lotte are vying to acquire 100 percent stake in Ministop Korea, local unit of the Japan-based convenience store operator, according to industry sou...
[THE INVESTOR] Marriott International said on Sept. 19 it will open three more Select-Service brand hotels in Korea by next year to meet the growing demand from tourists seeking more affordable acco...
[THE INVESTOR] Memebox announced on Sept. 14 that it has launched a new K-beauty brand Kaja with US-based multi-brand cosmetics store operator Sephora. LVMH-owned Sephora, which has over 2,300 onli...
[THE INVESTOR] GS Retail said it opened a “smart convenience store” using a face recognition system and other technologies on Sept. 17. The company launched its convenience store chain GS25 outl...
[THE INVESTOR] Fast Retailing, which owns Japan’s fast fashion brand Uniqlo, opened the first Korean store of its budget brand GU on Sept. 14 as the company moves to expand the presence of the small...
[THE INVESTOR] US-based sandwich franchise operator Subway on Sept. 13 refuted allegations that it mistreated a franchisee in Korea by making unreasonable demands. According to the Fair Trade Commi...
[THE INVESTOR] Korean premium massage chair brand Bodyfriend has resumed its process of going public, which was suspended last month when the Financial Services Commission started reviewing the comp...
[THE INVESTOR] France’s sports retailer Decathlon said Wednesday it will open its first Korean store near Seoul next week amid a growing popularity of sportswear products in the country. The 7,8...
[THE INVESTOR] Paris Croissant, operator of Korea’s leading bakery chain Paris Baguette, said on Sept. 11 that it has launched a test operation of robots at its outlets as local retailers to acceler...
[THE INVESTOR] The chief executive of retail giant Lotte’s holding company met with Indonesian President Joko Widodo discuss ways to strengthen their bilateral ties, the company said on Sept. 10. ...
[THE INVESTOR] Hotel Shilla CEO Lee Boo-jin on Sept. 5 visited Chinese online travel firm Ctrip’s headquarters in Shanghai to discuss cooperation before the holiday season. The major Chinese holid...
SKINFOOD to close outlets in E-mart, E-Land Retail
Chinese crypto exchange BTCC to launch service in Korea
Bithumb’s new chief hints at Hong Kong launch
Samsung announces new automotive chip brands
Google to set up data center in Korea next year
Samsung Galaxy Note 10 to beat Apple’s iPhone XS in screen size
SKT, Samsung complete first 5G call
CJ CGV’s Vietnam unit to slow down IPO process
October 16, 2018
