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Retail sales in South Korea increased in May from a year earlier as online malls continued to attract more customers with faster delivery services and wider selections, data showed on June 27. Th...
South Korea’s antitrust regulator said on June 25 that it has fined McDonald’s Korea 52 million won ($45,000) for violating the law on franchise business. McDonald’s Korea is accused of accepting...
Rawrow on June 20 announced that it had signed a contract to get funding from Shinsegae International , a fashion arm of Korean conglomerate Shinsegae. According to Rawrow, it handed some of its s...
Investors in YG Entertainment including the National Pension Service have suffered losses of around 200 billion won ($169.2 million) over the past six months, according to Korea Exchange data. Bro...
Korea Investment Value Asset Management announced on June 10 that it had bought 440,000 additional shares of Korean entertainment powerhouse JYP Entertainment. With the purchase, KIVAM, the second-bi...
Liquor prices are continuing to increase across South Korea, the latest being those from Lotte Liquor, industry sources said on June 1. Starting this month, prices of liquor from Lotte Chilsung Beve...
Faced with mounting criticism from shareholders, South Korean entertainment powerhouse S.M. Entertainment announced on May 31 that it will consider handing out dividends for the first time since it w...
“Parasite,” the winner of the Palme d’Or at the 2019 Cannes Film Festival, has not only become a source of national pride but also a boon for its investors. The movie, the seventh from director Bong...
South Korea’s leading e-commerce platform cafe24 announced on May 27 that it has signed a partnership deal with short video mobile app TikTok. TikTok is a popular video platform which allows users...
Kurly, operator of grocery delivery platform Market Kurly, on May 24 announced that it has secured an additional 35 billion won investment from China-based Hillhouse Capital in its series D round. I...
GS Home Shopping, a leading home shopping channel operator here, said May 26 that it has invested $1.2 million in Luxstay, a Vietnamese home-sharing platform that targets the Southeast Asian market. ...
The ubiquitous toys of domestic toy seller Sonokong range from the megahit transformation car-robots “Turning Mecard” to “Sofy Ruby” (also spelled Sophie Ruby), an ordinary girl on an adventure to sa...
CJ Cheiljedang said on May 23 that the US private equity fund Bain Capital has invested $320 million in its American unit. Bain Capital will acquire a 27 percent stake in CJ Cheiljedang’s wholly ...
Hot Toys, a maker of collectible figures from popular movies, has voluntarily revised its pricing policy on its figures after being probed by South Korea’s antitrust regulator, an official said on Ma...
The number of personal mugs and tumblers used at Starbucks stores nationwide has nearly tripled since the coffee franchise introduced a discount program for users of reusable cups a year ago in accor...
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
