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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...
South Korea’s top convenience store operator BGF Retail on Sept. 25 announced that it will open its first CU outlet in Vietnam next year. “We will actively enter emerging markets with high-growth po...
Phillip Morris on Sept. 24 announced that its heat-not-burn product IQOS is not related to an ongoing investigation on diseases reportedly caused by e-cigarettes in the US. “The recent e-cigarette i...
South Korea’s trading company SK Networks said Sept. 24 its board has agreed to hand over the car rental operation to its affiliate AJ Rent a Car in exchange for 21.99 percent shares worth 162.5 ...
Philip Morris Korea announced on Sept. 19 that it has launched a new website for users of its heat-not-burn device IQOS. “We launched the website for customers who need quick service anytime, anywhe...
Cash-strapped Woongjin, which recently decided to resell its stake in water purifier rental firm Woongjin Coway, has once again delayed its schedule for the final bid, according to sources on Sept. 1...
South Korea’s tax agency has decided to levy tax penalties of 6 billion won ($5.04 million) on troubled YG Entertainment, according to industry sources on Sept. 17. The decision by the National Tax ...
South Korean shared kitchen startup Ghost Kitchen announced on Sept. 16 that it has secured additional funds worth 9.2 billion won. Its existing investors including startup accelerator Schmidt and s...
KT&G, South Korea’s dominant tobacco company, on Sept. 16 announced that it has launched new tobacco sticks MIIX Classy for its heat-not-burn device lil Hybrid. The tobacco maker emphasized that cus...
South Korea’s financial regulator has recommended e-commerce firm Coupang to establish a plan to improve its management for increasing capital, according to industry sources on Sept. 9. "This recomm...
South Korean retail giant Shinsegae Group and global coffee chain Starbucks are likely to extend their partnership for another 10 years, industry sources said Sept. 3. Founded in 1999, Starbucks Kor...
Lotte GRS on Sept. 1 announced that it has sold its stake in Burger King Japan to Hong Kong-based global private equity firm Anchor Equity Partners for around 10 billion won ($8.7 million). “We deci...
Private equity firm Unison Capital profited a whopping 279 billion won ($230.53 million) from selling tea franchise Gong Cha Korea, in which it had invested about 71 billion won, according to industr...
Phillip Morris International on Aug. 21 released a white paper titled “Unsmoke: Clearing the Way for Change,” based on survey results of smokeless products and their impacts on smokers’ lives. “Thes...
Korea Kolmar has established a new unit in Vietnam recently, according to sources on Aug.19. The Korean cosmetics maker injected around 10 million won ($8,260) in Hankol Healthcare Vina and plans to...
Samsung’s financial units brace for changes with new CEOs
S. Korea to launch financial data exchange platform in March
Student-led venture vibe livens up Seoul basement
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
January 25, 2020
