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The Korea Herald

Retail & Consumer

February 29, 2024
CJ’s Tous Les Jours seeks bigger footing in Indonesia

CJ Foodville's Tous Les Jours store in Bandung, Indonesia (CJ Foodville) CJ Foodville, the operator of the bakery chain Tous Les Jours and a subsidiary of South Korean conglomerate CJ Group, said Wednesday its bakery stores in Indonesia have surpassed 60 in number, with a recent addition in Bandun...
February 27, 2024
CJ CheilJedang's instant rice sets sales record on overseas demand

South Korean food giant CJ CheilJedang's cooked rice product line, Hetbahn, achieved record-breaking annual sales of 850.3 billion won ($639 million) in 2023, significantly contributing to the growth in global sales, the firm announced Monday. Based on the firm's report, Hetbahn’s overseas sales ...
February 26, 2024
Korea's BBQ Chicken tops US fast-food chicken ranking: magazine

In a significant achievement for South Korean cuisine, BBQ Chicken has topped a fast-food chicken ranking in the United States, the Korean fried chicken franchise announced Monday. Genesis BBQ Group, the franchise operator, said BBQ was selected as No.1 fast-food chicken by a prestigious American ...
February 22, 2024
AliExpress steps up engagement with Korean food brands

Chinese e-commerce platform AliExpress is in talks with Dongwon F&B to introduce the Korean food company's products on its platform, increasing engagement with Korean brands to expand its presence here. According to industry sources on Wednesday, the Chinese company has been in contact with severa...
February 21, 2024
Starbucks Korea supports over 400 employees in pursuing higher education

Starbucks Korea on Tuesday said more than 400 employees have successfully attained their bachelor's degrees through a tuition assistance program in collaboration with Hanyang Cyber University. In the fall of 2016, Starbucks Korea signed a partnership with Hanyang Cyber University, under which the ...
February 15, 2024
Apple’s market share exceeds 25% for first time in Korea

US tech giant Apple saw its domestic market share exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday. Apple’s share rose 3 percentage points on-year to ...
February 15, 2024
CJ’s overseas food sales outpace domestic sales for 1st time in Q4

South Korean food giant CJ CheilJedang's overseas food business outperformed its domestic sales for the first time in the fourth quarter of 2023, driven by the strong performance of its flagship products in the US, Australia and Europe. On Tuesday, CJ CheilJedang reported its consolidated earnings...
February 05, 2024
E-Mart 24 to venture into Cambodia in June

South Korean convenience store chain E-Mart 24 is set to enter the Cambodian market in June, joining hands with Korean developer Hanlim Architectural Group and Cambodia's Sison Brother Holdings. The company announced its plans during a ceremony held at the Fairfield by Marriott Phnom Penh Hotel in...
January 22, 2021
Coupang stresses sound work environment

South Korean e-commerce giant Coupang said Friday that it has strived to lower the work intensity of staff at its fulfillment centers through large-scale recruitment and investment in automation technology, amid criticism that its harsh work environment led to death of employees. According to Coup...
September 17, 2020
Korean Air injects W1.1tr into Hanjin International to keep hotel business afloat

Korean Air announced on Sept. 17 it was injecting 1.1 trillion won into its subsidiary company Hanjin International to help pay off its debts and keep the latter’s hotel business afloat. The decision was made during a board of directors meeting on Sept. 16, which will help pay back HIC’s debt w...
September 09, 2020
[Herald Interview] Beverages legend bets on health drinks, overseas markets

“I’m very excited about this year, which will be the first year our beverage has truly made a foray into the US market,” Jo Un-ho, CEO of Hite Jinro Beverage, said in a recent interview. Hite Jinro Beverage is a subsidiary of Korea’s leading liquor conglomerate Hite Jinro and produces the grou...
August 19, 2020
Food companies see massive growth in wake of COVID-19

South Korean food companies scored massive sales growth in the wake of the COVID-19 pandemic, as the demands increased for products that can be consumed at homes, in both domestic and overseas markets. In the second quarter this year, CJ CheilJedang recorded an operating profit of 384.9 billion w...
August 13, 2020
Big Hit posts estimated record sales in Q2

Big Hit Entertainment, the label-management agency of K-pop giants BTS, announced on August 14 that its estimated sales revenue during the first half of 2020 reached a record 294 billion won (US$244.8 million) on the back of strong album sales and paid online concert revenues. In a biannual co...
August 05, 2020
Coupang, LG Chem narrow gap with global No. 1 firms

Seven Korean companies, including Coupang and LG Chem, have narrowed their revenue gap with global No. 1 companies over the past five years, data showed on August 5. Local corporate tracker CEOScore surveyed revenues of the world’s No. 1 companies and No. 1 firms in Korea in their respective fie...
July 29, 2020
Antitrust watchdog fines SPC W65b, reports chairman to prosecutors

Korea’s antitrust watchdog has decided to impose a fine of 64.7 billion won ($54.1 million) on food giant SPC for violation of antitrust laws, officials said on July 29. The Fair Trade Commission is also set to report Chairman Hur Young-in, former group CEO Cho Sang-ho and former Paris Croissant...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099