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[THE INVESTOR] Philip Morris Korea announced on Oct. 1 that it has filed a lawsuit seeking the Ministry of Food and Drug Safety to disclose information relevant to its recent analysis of heat-not-bu...
[THE INVESTOR] The brand value of South Korean leisure-related companies improved in the third quarter, data showed on Sept. 30, while that of liquor firms lost ground. Korea earlier reduced its ma...
[THE INVESTOR] Retail sales in Korea increased in August from a year earlier, led by robust demand by online stores that are attracting customers with fast delivery and easy transaction services, go...
[THE INVESTOR] E-mart, Korea’s largest discount hypermarket chain by sales, said on Sept. 28 it will launch the first outlet of its premium grocery store in Los Angeles next year, the latest in a se...
[THE INVESTOR] Emart24, the convenience store chain of retail giant Shinsegae, said on Sept. 26 that the number of storeowners who switched to its brand rose this year. According to Shinsegae, amon...
[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...
Woori Financial to acquire two Anbang-owned AMCs
Yanolja seeks talents for global biz expansion
WeMakePrice to start food delivery service
Hotel Shilla hit by drug scandal
YG Entertainment shares plunge amid tax probe
NPS to oppose Samsung Biologics’ proposals for shareholders meeting
Samsung develops next-gen DRAM chip
QARAsoft launches official version of robo advisor app Kosho
March 22, 2019
