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Tue, May 22, 2018 | 15:26

Biz & Tech > Light industries >

To exit or not? Lotte mulls over China mart sale

As the chilled relation between Korea and China shows signs of thawing, Lotte Group is looking into various options over its bid to sell unprofitable branches of Lotte Mart in China. It has to decide whether it should make a complete exit from one of the biggest consumer markets in the world, or leave some stake there for future opportunities.

Light industries | 2018-04-02 17:35

[Analysis] Shinsegae faces setback in bid toward logistics titan

Shinsegae Vice Chairman Chung Yong-jin's plan to build a massive facility for the group's online shopping business in Hanam, Gyeonggi Province, is facing a setback due to opposition from politicians based in the region as well as local residents.

Light industries | 2018-04-01 17:17

Visitors look at various types of manicures displayed at the Konail Expo at COEX in Seoul, Friday. The three-day event runs through Sunday. / Yonhap

Light industries | 2018-03-30 17:18

China's rising young powers join first leaders' forum in Seoul

China's rising young business leaders met their South Korean counterparts in a first official meeting on Thursday in Seoul and shared ideas about improving businesses and possible joint partnerships.

Light industries | 2018-03-29 15:42

Shinsegae to open grocery stores in US

Shinsegae Vice Chairman Chung Yong-jin said Wednesday the retailer will enter the U.S. market with its supermarket brand in May next year, as well as revealing a plan to build a massive facility to control the group's online shopping business.

Light industries | 2018-03-28 17:50

Estee Lauder, Chanel workers protest against poor labor conditions

Workers at ELCA Korea and Chanel Korea recently went on a temporary strike to protest their companies' policy of long working hours for low wages, according to the Korean Federation of Service Workers' Unions, Tuesday. More than 1,000 workers at the Korean units of Estee Lauder and Chanel stopped working at 50 department stores nationwide and walked on Sunday evening. The sal...

Light industries | 2018-03-27 17:35

McDonald's committed to Korea for 30 years

Since McDonald's entered Korea in 1988, the global fast food giant has not only made mouth-watering hamburgers but has also made many contributions to the Korean community. Over the past three decades, the Chicago-based company has offered innovative menus and services to meet changing consumer tastes and eventually developed the Korean fast food industry. It has also focused...

Light industries | 2018-03-27 17:03

Home plus to open warehouse stores

Home plus will convert its 10 discount stores into warehouse stores named “Home plus special” this year, CEO Im Il-soon said Tuesday. The move is regarded as the retail giant's strategy to overtake rival Shinsegae E-mart, which has warehouse stores - “E-mart Traders” - that sell merchandise in bulk.

Light industries | 2018-03-27 16:22

Korean Air's 'nut rage' heiress to come back

Former Korean Air Executive Vice President Heather Cho is expected to return to management of the airliner's key affiliate, attempting to leave behind the “nut rage” case that triggered international outrage three years ago.

Light industries | 2018-03-27 15:36

Time for oysters

Models promote triploid oysters and densely lamellated oysters, referred to as “cherry blossom oysters” by Koreans, at Shinsegae Department Store in Gangnam, Monday. The former is available year-round and the latter is mainly harvested at Seomjin River in South Gyeongsang Province from February to April. / Courtesy of Yonhap

Light industries | 2018-03-26 17:00

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Hawaii's Kilauea volcano goes 'ballistic'