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The Korea Herald

Retail & Consumer

June 25, 2019
Rawrow secures funding from Shinsegae International

Rawrow on June 20 announced that it had signed a contract to get funding from Shinsegae International , a fashion arm of Korean conglomerate Shinsegae. According to Rawrow, it handed some of its shares to the Shinsegae affiliate but declined to disclose the specific figures. “Securing the mana...
June 19, 2019
Investors face setback of W200b on YG scandal

Investors in YG Entertainment including the National Pension Service have suffered losses of around 200 billion won ($169.2 million) over the past six months, according to Korea Exchange data. Broken down, the NPS lost around 20 billion won, while some 20,000 minority shareholders lost about 182...
June 11, 2019
KIVAM snaps up additional shares in JYP

Korea Investment Value Asset Management announced on June 10 that it had bought 440,000 additional shares of Korean entertainment powerhouse JYP Entertainment. With the purchase, KIVAM, the second-biggest shareholder of JYP, owns a 6.69 percent stake in the entertainment company. Korea’s first as...
June 02, 2019
Lotte Liquor increases price of alcoholic beverages

Liquor prices are continuing to increase across South Korea, the latest being those from Lotte Liquor, industry sources said on June 1. Starting this month, prices of liquor from Lotte Chilsung Beverage’s distiller unit will increase by up to 10 percent. Soju brand Chum-Churum, Chungha rice wine...
May 31, 2019
S.M. Entertainment to offer first dividends amid uproar

Faced with mounting criticism from shareholders, South Korean entertainment powerhouse S.M. Entertainment announced on May 31 that it will consider handing out dividends for the first time since it went public in 2000. The agency’s decision came after its third- and fourth-largest stakeholders KB...
May 28, 2019
Award-winning ‘Parasite’ boosts shares of investors

“Parasite,” the winner of the Palme d’Or at the 2019 Cannes Film Festival, has not only become a source of national pride but also a boon for its investors. The movie, the seventh from director Bong Joon-ho, is expected to hit screens May 30 and the attention surrounding the award -- a first fo...
May 27, 2019
Cafe24 joins hand with TikTok

South Korea’s leading e-commerce platform cafe24 announced on May 27 that it has signed a partnership deal with short video mobile app TikTok. TikTok is a popular video platform which allows users to create and share 15-second videos. The service is currently available in 150 different countrie...
May 27, 2019
Kurly secures additional W35b funding

Kurly, operator of grocery delivery platform Market Kurly, on May 24 announced that it has secured an additional 35 billion won investment from China-based Hillhouse Capital in its series D round. In April, 100 billion won funding was provided by Kurly’s existing investors including Sequoia Capit...
May 27, 2019
GS Home Shopping invests $1.2m in Vietnamese startup

GS Home Shopping, a leading home shopping channel operator here, said May 26 that it has invested $1.2 million in Luxstay, a Vietnamese home-sharing platform that targets the Southeast Asian market. The deal marks GS Home Shopping’s second such investment in an e-commerce startup based in Viet...
May 26, 2019
[INVESTING IN KOREA] Can Sonokong become a Korean Marvel?

The ubiquitous toys of domestic toy seller Sonokong range from the megahit transformation car-robots “Turning Mecard” to “Sofy Ruby” (also spelled Sophie Ruby), an ordinary girl on an adventure to save a prince stuck inside a sketchbook. To buy the latest item in the Hello Carbot or Turning M...
May 23, 2019
CJ Cheiljedang receives $320m investment from Bain

CJ Cheiljedang said on May 23 that the US private equity fund Bain Capital has invested $320 million in its American unit. Bain Capital will acquire a 27 percent stake in CJ Cheiljedang’s wholly owned subsidiary CJ Food America, an affiliate of the South Korean food and entertainment conglomer...
May 09, 2019
Hot Toys voluntarily changes its pricing policy

Hot Toys, a maker of collectible figures from popular movies, has voluntarily revised its pricing policy on its figures after being probed by South Korea’s antitrust regulator, an official said on May 9. The Hong Kong-based company was accused of forcing Korean retailers not to sell their figu...
May 07, 2019
Use of personal cups nearly triples at Starbucks

The number of personal mugs and tumblers used at Starbucks stores nationwide has nearly tripled since the coffee franchise introduced a discount program for users of reusable cups a year ago in accordance with a government-initiated environmental campaign, officials said on May 7. Starbucks and...
May 03, 2019
Shinsegae International expands coworking space biz

Shinsegae International on May 3 announced that it has launched new coworking space “Scale Up” for startups in the lifestyle-related industry in Cheongdam-dong, southern Seoul. In April, the company decided to establish this coworking space for startups along the lines of its business model bas...
April 30, 2019
Blue Bottle to debut in S. Korea this week

Blue Bottle Coffee will officially debut in Seoul later this week, a South Korean affiliate of the upscale US coffee chain operator said on April 30. The new cafe will open in Seoul’s eastern Seongsu neighborhood -- a trendy hangout spot where young artists and designers renovated existing bui...

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