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Wed, January 27, 2021 | 06:02
New CEO gets results for failing Lotte Shopping
New CEO gets results for failing Lotte Shopping
Lotte Shopping Vice Chairman Kang Hee-tae's countermeasures to deal with the rapidly changing retail market amid falling sales, which include store closures and voluntary retirement packages, are taking quick effect. According to the data analysis revealed by the Financial Supervisory Service Friday, the number of employees at Lotte Shopping decreased by 1,994 from 25,298 wor...
Kim Jae-heun | 2020-11-20 17:36
Shake Shack brings burgers to Daejeon
Shake Shack brings burgers to Daejeon
SPC Group opened its 14th Shake Shack restaurant in Korea at Galleria Time World in Daejeon, Friday.
Kim Jae-heun | 2020-11-19 16:50
Korean athletes love red ginseng
Korean athletes love red ginseng
Korean athletes in the United States love Korean red ginseng. Choi Ji-man of Tampa Bay Rays, who played great defense with tremendous flexibility in this year's Major League Baseball World Series, posted a photo recently of himself in uniform with a red ginseng product in his hand on Instagram.
2020-11-19 16:50
First EV for delivery service
First EV for delivery service
CJ Logistics CEO Park Keun-hee, left, poses for a picture with a delivery worker in front of the company's electric vehicle (EV) charging station in Seoul, Wednesday. CJ Logistics became the first local firm to use electric vehicles for delivery services. The firm also plans to expand its business through installing EV charging stations around the country.
Kim Jae-heun | 2020-11-18 16:11
Coupang employs third-largest number of workers after Samsung, Hyundai
Coupang employs third-largest number of workers after Samsung, Hyundai
Coupang is now the third-largest employer in Korea, after Samsung Electronics and Hyundai Motor. According to data provided by the National Pension Service (NPS) and the firm evaluation website CEO Score, Coupang and its fulfillment service division employed 43,171 people as of the third quarter this year.
Kim Jae-heun | 2020-11-18 16:11
[EXCLUSIVE] Shinsegae eyes on taking over Hanjin's logistics unit
[EXCLUSIVE] Shinsegae eyes on taking over Hanjin's logistics unit
Local department store franchise Shinsegae is looking to buy Hanjin Group's logistics unit to bolster its delivery service infrastructure to cope with the rapidly growing e-commerce business. “This is definitely a good chance for Shinsegae to acquire a delivery service firm. There is no reason not to take it when Hanjin wants to sell it as it recapitalizes,” an industry sourc...
Kim Jae-heun | 2020-11-18 09:41
Delivery Hero confident of persuading FTC
Delivery Hero confident of persuading FTC
Delivery Hero remains confident of persuading the Korea Fair Trade Commission (KFTC) to approve its acquisition of Woowa Brothers without selling its food delivery player Yogiyo.
Kim Jae-heun | 2020-11-17 16:37
Amazon to acquire 30 percent stake in 11st
Amazon to acquire 30 percent stake in 11st
The world's largest e-commerce firm Amazon is setting foot in the Korean market through local player 11st, operated by SK Planet, by acquiring up to 30 percent of its shares. SK Planet is the e-commerce division of SK Telecom. The number of shares is expected to vary depending on the valuation of the company, which Amazon plans to take over sequentially.
Kim Jae-heun | 2020-11-16 17:19
Online duty-free sales to lift Shinsegae
Online duty-free sales to lift Shinsegae
A growing number of Chinese online duty-free shoppers and still-strong general overseas tourist duty-free shopping are set to solidify Shinsegage's bottom line, sources familiar with the issue said Sunday.
Kim Jae-heun | 2020-11-15 16:40
McDonald's Korea takes new eco-friendly initiative
McDonald's Korea takes new eco-friendly initiative
McDonald's Korea has announced a new campaign aimed at contributing to the environment and community under the slogan “Small but great changes for a better community."
Kim Jae-heun | 2020-11-15 15:56
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