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BGF Retail, operator of the convenience store chain CU, said Wednesday it signed a memorandum of understanding with AI startup Intellicia to accelerate AI-driven innovation across its retail operations. The agreement will combine Intellicia's AI synthetic consumer technology and AI-powered store digital twin platform, ParaStore, to generate deeper consumer insights and improve product planning, merchandising and store operations. The signing ceremony took place Tuesday at BGF Retail's headquarte
A Seoul appeals court on Tuesday suspended the Fair Trade Commission's decision to designate Coupang founder Bom Kim as the e-commerce giant's controlling figure, or "same person," putting the accompanying disclosure requirements on hold while the case proceeds. The Seoul High Court's Administrative Division 7 granted an injunction sought by Coupang, Kim and other plaintiffs, suspending both the designation and the FTC's request that Kim submit additional disclosure information. The suspension w
For years, Chinese investment in South Korea's gaming industry followed a familiar formula. Chinese technology giants provided capital, secured publishing partnerships and accumulated minority stakes in leading game makers, while Korean founders of each game developer retained management control. This pattern, however, recently took a vigilant turn, putting stakeholders on notice. Wemade — a Korean game developer best known for its massively multiplayer online role-playing game, or MMORPG, franc
A prospectus for what would be the first US-listed K-beauty exchange-traded fund arrived at the Securities and Exchange Commission on Friday, stirring expectations that global capital could soon flow into the sector at scale. The prospectus was filed by US-based asset manager Guinness Atkinson for its K-beauty ETF, ticker KBTY, which plans to list on NYSE Arca. The fund will put at least 80 percent of net assets into K-beauty companies, defined as firms organized, headquartered, or listed in Sou
Yongsan-gu has never been Seoul's beauty district, not like Seongsu or Myeong-dong, but it may be inching in that direction with Amorepacific's newest flagship store, Amore Yongsan, where beauty means one formula for one face. During The Korea Herald's visit to the store last week, a two-armed robot behind a glass wall labeled Hera Custom Match was at work inside its own sealed booth, selecting a bottle, carrying it to the pigment station and mixing, every so often breaking into a small dance mi
The Korea Airports Corporation said Tuesday that a record 1.57 million foreign travelers entered South Korea through the country's five major regional airports between January and May, underscoring growing demand for destinations beyond Seoul. The five airports are Gimhae International Airport, Jeju International Airport, Daegu International Airport, Cheongju International Airport and Yangyang International Airport. International arrivals through the five airports rose 42 percent from a year ear
JobKorea said Monday it was Korea's most-used recruitment platform in the first half, recording the highest number of monthly active users among major hiring services. Citing data from mobile analytics firm Mobile Index, the company said it recorded a cumulative 10.86 million monthly active users over the six-month period. It ranked ahead of Saramin with 9.79 million, Remember with 4.83 million, Incruit with 870,000 and Wanted with 480,000. JobKorea also led in new app downloads, attracting abou
CJ Foodville said Monday that its bakery brand Tous les Jours opened a store in Ulaangom on July 1, becoming the first Korean bakery brand to enter the northwestern Mongolian city. Ulaangom, located about 1,400 kilometers from the capital of Ulaanbaatar, is a key regional hub in northwestern Mongolia. The store opening comes six months after Tous les Jours entered Darkhan, one of the country's largest cities, in December. The company said opening the store required overcoming logistical and oper
Nol Universe said Monday it has partnered with Japanese hotel distribution company Apple World to expand overseas sales channels for Korean accommodations and attract more inbound travelers. Apple World operates a global hotel booking platform for Japanese travel agencies, offering access to more than 400,000 properties in over 200 countries. The company has recently expanded its Korean accommodation inventory in response to rising demand for travel to South Korea. Under the agreement, Nol Unive
Shinsegae Department Store said Monday that sales to foreign customers surged 120 percent on-year to a record 580 billion won ($385 million) in the first half, putting the retailer on track to surpass 1 trillion won in annual foreign sales for the first time. The first-half total already accounts for nearly 90 percent of last year's full-year foreign sales. Shinsegae attributed the growth to its luxury brand lineup, K-culture content developed with K-pop artists and the Korea Tourism Organizatio
Chipotle bets on Korea for first bite of Asia
Samsung vs. LG battle for AI cooling heats up
Musinsa posts record earnings on offline, global expansion
One purchase every 0.9 second: Olive Young foreign sales top W1tr
Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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