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South Korean massage chair maker Bodyfriend announced on April 26 that it has decided to officially drop its recent plans to go public. The decision came after it failed to get preliminary screening...
South Korean cosmetics giant Amorepacific said on April 29 that its first-quarter net profit dipped 31 percent from a year earlier on increased costs. Net profit reached 122 billion won ($106 mil...
Hera, a luxury beauty brand under Korean cosmetics giant Amorepacific, has launched a limited-edition collection in collaboration with Italian fashion brand Au Jour Le Jour, the firm said on April 28...
Branded pop-up stores play an increasingly important role in South Korea’s retail scene as a source of creativity, innovation and brand new consumer experience. Many customers associate pop-ups wit...
The Ministry of Food and Drug Safety said Apirl 26 it will look into some 20 imported drinks for glyphosate residue. The US Public Interest Research Group Education Fund revealed in a report in ...
Hong Kong-based global private equity firm Anchor Equity Partners, which owns Burger King Korea, has acquired Burger King Japan from Lotte GRS, according to industry sources on April 24. Although th...
CJ is shutting down its loss-making Korean restaurant chain Bibigo in China, with a plan to dissolve the unit by August this year, according to an industry source. The move is part of restructuring ...
With growing consumer interest in healthy super food and enhancing immunity levels, South Korean red ginseng product maker CheongKwanJang has launched a special edition of Korean Red Ginseng Extract ...
More than 13 foreign and domestic investors have handed in letters of intent to acquire South Korean cosmetics firm Skinfood, which is under court receivership, according to sources on April 19. Alt...
LG Electronics said on April 18 it has partnered with CJ Foodville to deploy robots at selected restaurants. The robots will be deployed at few CJ Foodville’s restaurants later this year to serve...
Trend specialist Charlie Clark from global trend forecasting agency World’s Global Style Network gave a speech about “The Future of Beauty 2020” on April 15 during an event titled “Make Up in Seoul...
Sales at South Korean duty-free stores hit a new monthly high in March to breach the 2 trillion-won ($1.76 billion) mark for the first time, industry data showed on April 15. The combined sales o...
Cash-strapped E-Land Group announced April 11 that it would spin off its food and dining unit from its subsidiary E-Land Park. E-Land Park has two different business units — hotels and dining. The S...
Amorepacific Group said on April 10 that its leading brand Laneige has entered the European market as South Korea’s leading cosmetics maker accelerates its overseas push. Products of Amorepacific...
Kurly, a grocery delivery platform operator, on April 4 announced that it had closed its series D round having raised 100 billion won ($88.01 million). According to Kurly, existing investors includi...
BlackRock sells some of Coway stake
Dunamu’s Q1 profit likely to exceed market expectations on surging coin trades
Shinhan Asset to shy away from domestic equities with low ESG scores
Concerns rise as more young Koreans dip their toes into crypto market
[Feature] Korea’s aging society faces burden of rising debts, heavy taxes
Korea’s coal power plants to lose profitability before lifetimes end: study
17 Korean startup founders named Forbes‘ young innovators
Kospi hits fresh high on foreign, institutional buying
April 23, 2021
![[EXCLUSIVE] CJ to shut down Bibigo in China by August](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=155&simg=/content/image/2019/04/23/20190423000840_p.jpg)
![[Feature] Korea’s aging society faces burden of rising debts, heavy taxes](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2021/04/22/20210422000212_0.jpg&md=20210422103252)
