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The Korea Herald

Retail & Consumer

April 19, 2024
Sungsimdang outperforms bakery giants to log sales over W100b

Sungsimdang, a local bakery brand based in Daejeon, outperformed the country's top bakery franchise giants, Paris Baguette and Tous les Jours, logging record sales last year, a regulatory filing showed Friday. Rosso, Sungsimdang's holding company, said the bakery recorded sales figure of 124.3 bil...
April 18, 2024
CJ Olive Young offers real-time translators for foreign visitors

CJ Olive Young said Thursday it has introduced portable translators supporting 16 languages in its outlets nationwide to enhance the shopping experience for foreign visitors and the work efficiency of its employees. The handheld device supports 16 languages for real-time translation, including Eng...
April 18, 2024
Paris Baguette debuts in the Philippines

SPC Group said Thursday its bakery chain Paris Baguette had launched its first store in the Philippines. The new Paris Baguette branch in Manila features wooden interiors, designed to create a premium European bakery ambiance, and is located on the first floor of the SM Mall of Asia, the largest s...
April 18, 2024
Amazon fuels e-commerce rivalry with free shipping campaign

The official added that while entering the Korean market at this juncture may present significant benefits in assessing present capabilities and future prospects, it is still too early to gauge Amazon's competitiveness and success in Korea. "At the end of the day, no matter which country consumers...
April 16, 2024
Chanel, Louis Vuitton see muted growth in Korea

Luxury fashion houses reported a slowdown in sales growth in Korea after years of upbeat sales that peaked during the COVID-19 pandemic, according to recent earnings reports. “Consumption of expensive luxury products soared over the past few years, particularly after the COVID-19 pandemic. But, l...
April 16, 2024
Mom’s Touch opens first store in Tokyo

South Korean chicken and burger chain Mom’s Touch announced Tuesday that it has entered into the Japanese fast-food restaurant market by opening its first direct store overseas in Shibuya, Tokyo. The new venue, which used to be the former site of McDonald's Japan for 39 years, spans approximately...
April 15, 2024
Greyd’s video platform helps Korean sellers go global

Greyd, a social commerce platform developed by Seoul-based software developer Arbaim, aims to secure a bigger footing in overseas markets as it offers an effective marketing tool for Korean sellers that is also entertaining to attract global customers. Short-form videos, typically defined as any v...
April 15, 2024
Burger King reveals New Whopper following buzz marketing campaign

The fast-food chain Burger King unveiled the New Whopper, a revamped version of its signature item on Monday, one week after announcing the discontinuation of sales of the original Whopper. According to an announcement on the fast-food chain's Korean website Monday, the reinvention was focused on ...
April 15, 2024
Goobne Chicken opens 4th outlet in US

GN Food, the operator of South Korea's leading roasted-chicken franchise Goobne Chicken, said Monday it has opened its fourth outlet in the United States. With the opening of the store located in Los Angeles' Korea Town, Goobne has four US outlets that include two in LA and one in Texas, GN Food s...
April 15, 2024
Coupang shares hit 18-month high on membership fee hike

The stock price of New York-listed e-commerce giant Coupang surpassed $20 a share on Friday for the first time in 18 months, following the company's announcement it would raise membership fees by nearly 60 percent. Coupang's stock price closed trading at $21.25 on Friday, marking an 11.49 percent ...
April 15, 2024
Nongshim brings Chapagetti to the fore for global market

South Korea's leading ramyeon manufacturer Nongshim plans to prioritize the promotion of Chapagetti, its black bean-flavored ramyeon product, to diversify its overseas marketing appeal. Following Shin Ramyun, its top-selling instant noodle product, the company will now focus on promoting its 40-ye...
April 15, 2024
CJ begins production of kimchi in Australia, US

CJ CheilJedang said Sunday that it has started local production of kimchi, under the brand Bibigo, in Australia, while reformulating its existing kimchi products exported from Korea to the country. The company is responding to growing demand for freshly pickled kimchi in Australia by using local i...
April 12, 2024
Coupang to up paid-user membership fee amid competition from Chinese rivals

South Korean e-commerce giant Coupang said Friday it will raise its monthly membership fee for paid users by 58 percent, in an apparent move to secure further capital amid growing challenges from Chinese rivals. Coupang plans to charge its paid WOW membership users 7,890 won ($5.7) starting Saturd...
April 09, 2024
Goodbye to Whopper? Burger King’s marketing stunt stirs confusion

The announcement from Burger King's South Korean operator that it would stop selling its popular Whopper lineup has stirred up controversy and mixed opinions over whether it is merely a marketing stunt or not. Early Monday morning, Burger King informed customers through its website and mobile mess...
April 08, 2024
CJ's Tous Les Jours to set up franchisee training center in US

CJ Foodville, the operator of the South Korean bakery chain Tous Les Jours, said Monday it plans to establish a training center in the US aimed at enhancing the service and operational expertise of its local franchisees there. This initiative comes as CJ Foodville has recently experienced an incre...

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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