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Biz & Tech

Retail & Food

Fri, September 25, 2020 | 20:24

No tomatoes in McDonald's, Burger King burgers

No tomatoes in McDonald's, Burger King burgers

Burgers from fast food brands here, including McDonald's and Burger King, will be served without tomato slices for an undetermined period due to a shortage of supply here. This summer the country went through the longest rainy season in Korea's history, and a number of typhoons hit the peninsula, making it almost impossible for farmers to harvest enough tomatoes.

Kim Jae-heun | 2020-09-25 17:14

Mango seeks to make new leap with local venture company

Mango seeks to make new leap with local venture company

Spanish clothing design and manufacturing company Mango is seeking to make a new start here with a local venture firm by adopting new strategies of localization and digitalization. Mango has local retail partners around the world and they are mostly large companies. In Korea, Li&Fung and Samsung C&T import and sell the Spanish brand's apparel.

Kim Jae-heun | 2020-09-24 17:28

Dongwon offers canned tuna, ham for Chuseok gift set

Dongwon offers canned tuna, ham for Chuseok gift set

Dongwon Food & Beverage (Dongwon F&B), led by CEO Kim Jae-ok, offers 200 types of gift sets for the Chuseok holiday next week. The gift sets include the company's best-selling canned tuna Dongwon Chamchi and canned meat product Richam, which contains selenium and other nutrients.

2020-09-24 17:27

Lotte to help business partners ahead of Chuseok

Lotte to help business partners ahead of Chuseok

Lotte Group said it will pay 600 billion won for goods received early to help its business partners manage their finances ahead of the Chuseok holiday next week. The decision comes as the COVID-19 pandemic has brought considerable economic suffering to small- and medium-sized enterprises here that are facing difficulties paying salaries and bonuses to their employees.

2020-09-24 17:25

Korea's wine imports gain 9.5% this year on virus impact

Korea's wine imports gain 9.5% this year on virus impact

South Korea's wine imports rose more than 9 percent in the first eight months of the year as more people enjoyed drinking at home and alone due to the coronavirus outbreak, data showed Thursday. South Korea imported US$189 million worth of wines in the January-August period, up 9.5 percent from a year earlier, according to the data from the Korea International Trade Associati...

2020-09-24 09:40

Regulator 'very close' to granting conditional OK for Woowa-DH deal

Regulator 'very close' to granting conditional OK for Woowa-DH deal

The Korea Fair Trade Commission (KTFC) has almost finished its review of conditionally approving Woowa Brothers and Delivery Hero's $4 billion deal. The antitrust watchdog has commissioned the Korea Academic Society of Industrial Organization to study the merger and acquisition deal between the two parties and it will be completed by the end of October.

Kim Jae-heun | 2020-09-23 17:31

Cheong Kwan Jang ginseng gaining attention for boosting immunity

Cheong Kwan Jang ginseng gaining attention for boosting immunity

Korea Ginseng Corporation's (KGC) red ginseng product Cheong Kwan Jang has been enjoying soaring popularity ahead of the Chuseok long weekend as consumers are increasingly purchasing the health food products as gifts, the state-run corporation said Wednesday.

2020-09-23 14:27

Incheon Airport draws blank in duty-free auction amid pandemic

Incheon Airport draws blank in duty-free auction amid pandemic

Incheon International Airport, the country's main gateway, failed to draw enough bidders in duty-free auctions Tuesday, its operator said, underscoring an extended slump in the duty-free business sector amid the coronavirus pandemic.

2020-09-22 20:46

Fake reviews big issue on Naver, Coupang, Baemin

Fake reviews big issue on Naver, Coupang, Baemin

In today's online shopping marketplace user reviews hold a critical influence over the decisions other customers make. As more people are shifting to online grocery shopping and food ordering platforms amid the prolonged COVID-19 pandemic, good reviews have become more important than ever.

Kim Jae-heun | 2020-09-21 17:15

Costco least affected by gov't regulation

Costco least affected by gov't regulation

The government implemented a law in 2014 mandating local retail giants to get consent from small traders at nearby traditional markets when opening a supermarket in the area.

Kim Jae-heun | 2020-09-21 17:14

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