THE INVESTOR

▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald

Retail & Consumer

September 24, 2019
Phillip Morris says IQOS not related to vaping illness case in US

Phillip Morris on Sept. 24 announced that its heat-not-burn product IQOS is not related to an ongoing investigation on diseases reportedly caused by e-cigarettes in the US. “The recent e-cigarette issue in the US only pertains to some liquid type open-system e-cigarettes. Philip Morris’ heated t...
September 24, 2019
SK Networks to consolidate car rental biz under AJ Rent a Car

South Korea’s trading company SK Networks said Sept. 24 its board has agreed to hand over the car rental operation to its affiliate AJ Rent a Car in exchange for 21.99 percent shares worth 162.5 billion won ($136 million). The transaction, meant to consolidate the firm’s car rental business ...
September 19, 2019
Philip Morris launches online IQOS customer service

Philip Morris Korea announced on Sept. 19 that it has launched a new website for users of its heat-not-burn device IQOS. “We launched the website for customers who need quick service anytime, anywhere. We expect that this personalized service will enable customers to resolve problems swiftly,” C...
September 18, 2019
Woongjin defers final bid for Coway to Oct.

Cash-strapped Woongjin, which recently decided to resell its stake in water purifier rental firm Woongjin Coway, has once again delayed its schedule for the final bid, according to sources on Sept. 18. The final bid was originally scheduled for early September, but Korea Investment &Securities, wh...
September 17, 2019
YG faces W6b tax penalty as Burning Sun scandal unfolds

South Korea’s tax agency has decided to levy tax penalties of 6 billion won ($5.04 million) on troubled YG Entertainment, according to industry sources on Sept. 17. The decision by the National Tax Service comes six months after it launched a special investigation of the entertainment mogul follo...
September 17, 2019
Ghost Kitchen secures additional W9.2b

South Korean shared kitchen startup Ghost Kitchen announced on Sept. 16 that it has secured additional funds worth 9.2 billion won. Its existing investors including startup accelerator Schmidt and shared office operator Fastfive funded the additional amount. New investors, including Smilegate Inve...
September 16, 2019
KT&G launches new HNB tobacco sticks MIIX Classy

KT&G, South Korea’s dominant tobacco company, on Sept. 16 announced that it has launched new tobacco sticks MIIX Classy for its heat-not-burn device lil Hybrid. The tobacco maker emphasized that customers will be able to experience taste that is similar to the traditional cigarette. It developed ...
September 09, 2019
FSS recommends Coupang to increase capital

South Korea’s financial regulator has recommended e-commerce firm Coupang to establish a plan to improve its management for increasing capital, according to industry sources on Sept. 9. "This recommendation shows that FSS sees Coupang as a company without sufficient capital as an electronic banki...
September 03, 2019
Starbucks, Shinsegae likely to continue partnership for another 10 years

South Korean retail giant Shinsegae Group and global coffee chain Starbucks are likely to extend their partnership for another 10 years, industry sources said Sept. 3. Founded in 1999, Starbucks Korea is a 50-50 joint venture between Shinsegae affiliate E-Mart and Starbucks Corp. The Seattle, Wash...
September 02, 2019
Lotte GRS sells Burger King Japan to HK firm

Lotte GRS on Sept. 1 announced that it has sold its stake in Burger King Japan to Hong Kong-based global private equity firm Anchor Equity Partners for around 10 billion won ($8.7 million). “We decided to sell our loss-making business to improve the profitability of our overseas operations,” Lot...
August 30, 2019
Unison Capital reaps W279b from selling Gong Cha

Private equity firm Unison Capital profited a whopping 279 billion won ($230.53 million) from selling tea franchise Gong Cha Korea, in which it had invested about 71 billion won, according to industry sources on Aug. 30. The PEF recently announced it has agreed with private equity firm TA Associat...
August 22, 2019
Philip Morris releases white paper on positive impact of smokeless products

Phillip Morris International on Aug. 21 released a white paper titled “Unsmoke: Clearing the Way for Change,” based on survey results of smokeless products and their impacts on smokers’ lives. “These results are from one of the largest cross-cultural polls ever conducted about the impact of sm...
August 19, 2019
Korea Kolmar expands in Vietnam

Korea Kolmar has established a new unit in Vietnam recently, according to sources on Aug.19. The Korean cosmetics maker injected around 10 million won ($8,260) in Hankol Healthcare Vina and plans to raise more funds by issuing additional shares worth 500 million won later this year. Hankol Health...
August 16, 2019
Mediheal launches BTS sheet masks via BeautyTap in US

South Korean cosmetics company Mediheal on Aug. 15 launched its “Love Me” sheet mask set in the US via cosmetics retailer BeautyTap. Love me is the result of a collaboration with popular boy band BTS. “We’re beyond excited to partner with Mediheal and BTS to bring this innovative product to th...
August 14, 2019
Cosmax to sell PB products in L’etoile’s stores in Russia

Cosmetics equipment manufacturer Cosmax announced Aug. 14 that it will sell its private brand products at L’etoile’s stores in Russia. L’etoile is the top cosmetics retailer in Russia with more than 1,000 health and beauty stores in 280 cities worldwide. The Russian company’s stores offer over...

1 2 3 4 5 6 7 8 9 10

EDITOR'S PICKS

Herald Corporation |
CEO : Jeon Chang-hyeop |
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 : Jeon Chang-hyeop |
Chief Privacy Officer & Juvenile Protection Manager : Ahn Sung-mi |
T +82-2-727-0114

FAMILY SITE GO

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