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British American Tobacco on Aug. 13 launched new liquid-type e-cigarette Glo Sens here as its first market, to boost its sales in South Korea, which is currently dominated by local tobacco giant KT&G...
Korean Air has decided to issue corporate bonds worth $300 million with payment guarantees provided by the state-run Korea Development Bank, according to industry sources Aug. 7. The firm plans to e...
South Korean retail-to-chemicals conglomerate Lotte Group and its affiliates have decided to inject 31 billion won ($25.59 million) into startup accelerator arm Lotte Accelerator. Of the amount, Lot...
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...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 20, 2021
