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The Korea Herald

Retail & Consumer

March 06, 2019
E-Land to sell 30% stake in Chinese subsidiary

Cash-strapped E-Land Group has decided to sell around 30 percent stake in its subsidiary China E-land Wish, according to industry sources on March 6. According to sources, the company is currently discussing with some Chinese strategic investors to sell its stake. E-Land is hoping to sell its stak...
March 05, 2019
How ‘Burning Sun scandal’ pulled down YG stock prices

K-pop powerhouse YG Entertainment’s stock price plunged following a major scandal that broke last month involving its boy band Big Bang member Lee Seung-hyun, who is better known as Seungri. Executives of local night club Burning Sun, including Seungri who was an inside board director, are bein...
March 05, 2019
Shinsegae Group to adopt e-voting for shareholder meetings

Korean retail giant Shinsegae Group said on March 5 it will introduce electronic voting at this year’s shareholder meetings for its seven listed firms to help boost shareholder interests. The seven subsidiaries, including Korea’s biggest discount store chain E-mart decided to adopt e-voting a...
March 03, 2019
Korea marks BOP surplus for Hallyu-linked sectors on global success of games, K-pop

South Korea logged a record-high balance of payments surplus for Hallyu-related products and services last year, owing to the global success of Korea-made video games and K-pop, statistics from the Bank of Korea showed Sunday. Hallyu, or the Korean Wave, refers to the proliferation of Korean cult...
February 26, 2019
Lotte Mart opens 14th store in Vietnam

Korean retail giant Lotte Group’s hypermarket brand announced on Feb. 26 that it has opened a new store in Vietnam at Cau Giay district in Hanoi. The 2,776 square meter sized Cau Giay Lotte Mart branch is located in the urban district, near seven local universities. The firm said its key strategy...
February 26, 2019
Shinsegae to launch integrated online shopping firm in March

Shinsegae Group, the operator of Korea’s biggest discount store chain E-mart, said on Feb. 26 that it will integrate its online shopping mall operations into SSG.COM from next month to boost sales. The retail conglomerate will launch SSG.COM, an integrated company of two online shopping stores --...
February 24, 2019
[FEATURE] Traditional Korean sweet industry gets youthful makeover

At the outset, it looks like ordinary tteok. A bite into the Korean rice cake immediately brings a surprise, as where one might expect sweet red bean paste, you find a dizzyingly sweet filling of chocolate and almonds. It is just one of many variations that Good Rice Cake Corp., a fusion rice cake...
February 14, 2019
Hanjin’s compliance with shareholder action lifts market sentiments

Hanjin Group’s move to accept some proposals of activist shareholders appears to be lifting market confidence. It has announced a series of measures to improve its business and management -- a move analysts predict will regain investor confidence in the troubled group. “Hanjin’s move appears t...
February 07, 2019
Korea’s iconic shoemaker goes under court receivership

One of Korea’s oldest iconic footwear maker Hwaseung has filed for court receivership at Seoul Bankruptcy Court, according to industry sources on Feb. 7. The court on Feb. 1 ordered the automatic stay to halt debt collection efforts and other insolvency proceedings. Founded in 1953, Hwaseung ros...
February 01, 2019
Lotte Confectionery acquires Myanmar’s L&M Mayson

[THE INVESTOR] Lotte Confectionery said on Feb. 1 that it has acquired Myanmar’s bakery firm L&M Mayson. The Lotte Group subsidiary has bought 80 percent stake in the company for 77 billion won (US$68.90 million) as it plans to expand in the country. Established in 1996, L&M Mayson has three fa...
January 25, 2019
Memebox secures US$35m funds from J&J affiliate

[THE INVESTOR] Korean cosmetics startup Memebox announced on Jan. 25 that it has secured series D funding worth US$35 million from Johnson & Johnson Development Corp., venture capital unit of the multinational medical devices, pharma and consumer packaged goods firm. “We will actively utilize ou...
January 09, 2019
The Face Shop acquires Avon plant in China

[THE INVESTOR] The Face Shop, a wholly owned cosmetics unit of LG Household & Health Care, has signed a deal to acquire a plant in China from Avon Products for 79.3 billion won (US$70.56 million), its parent firm said on Jan. 9. The company will produce its own cosmetics products for sale loca...
January 07, 2019
Bodyfriend launches new massage chair for kids

[THE INVESTOR] Korean massage chair maker Bodyfriend on Jan. 7 launched a new model HighKey, which mainly targets 8 to 19 year old kids who are around 120 to 170 centimeters tall. “We aim to sell 1 million units globally by setting Highkey as our main export item,” Bodyfriend CEO Park Sang-hyun...
January 06, 2019
Coupang opens Apple brand store

[THE INVESTOR] Korean e-commerce company Coupang said on Jan. 4 that it had become an authorized online reseller of Apple products. Apple products such as the iPad Pro, new MacBook models and the Apple Watch Series 4, can be now found in Coupang’s Apple brand store where customers can use Coupan...
January 03, 2019
60% of McDonald’s, Lotteria have e-kiosks

[THE INVESTOR] More than 60 percent of outlets operated by two leading fast food restaurants, McDonald’s and Lotteria, have electronic kiosks, industry officials said on Jan. 3. A total of 825 out of 1,350 Lotteria branches across the country, or 62 percent, currently operate automated kiosks...

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