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Retail & Food

Wed, January 27, 2021 | 06:37

Exports of kimchi hit all-time high amid pandemic

Exports of kimchi hit all-time high amid pandemic

South Korea's exports of kimchi reached an all-time high in the first 10 months of 2020, data showed Wednesday, on the back of growing global demand for healthier foodstuffs amid the new coronavirus pandemic. Outbound shipments of kimchi over the January-October period of last year came to US$119 million, rising 36.4 percent from a year earlier, according to the data compiled...

2021-01-06 11:20

CJ Olive Young eyeing Southeast Asia through Shopee

CJ Olive Young eyeing Southeast Asia through Shopee

CJ Olive Young, the country's largest health and beauty product store, opened an online shop on Southeast Asia's biggest e-commerce platform Shopee, Tuesday, as part its global expansion plans.

Kim Jae-heun | 2021-01-05 15:47

Korea's farm goods exports hit record high in 2020

Korea's farm goods exports hit record high in 2020

South Korea's exports of agriculture products reached an all-time high of US$7.57 billion last year on the back of strong demand for kimchi and processed foods, data showed Tuesday. The record amount represents a 7.7 percent rise from the previous year, according to data compiled by the Ministry of Agriculture, Food and Rural Affairs.

2021-01-05 11:05

Korea's wine imports hit new high in 2020 amid pandemic

Korea's wine imports hit new high in 2020 amid pandemic

Korea's wine imports soared to a record high in 2020 as more people enjoyed drinking and partied at home due to the coronavirus outbreak, government data showed Monday. South Korea imported US$239 million worth of wines in the January-November period last year, much higher than the $204 million for the whole of 2019, according to the data by the Korea Customs Service.

2021-01-04 09:50

Coupang Eats to implement new rider management policy

Coupang Eats to implement new rider management policy

The country's largest online retailer Coupang has provided new protective measures for drivers of its food delivery service Coupang Eats. Up until now, responsibility for accidents or problems that occurred while making deliveries fell squarely to the delivery riders.

Kim Jae-heun | 2021-01-02 09:34

Lotte, LF trying 'online for offline' strategy

Lotte, LF trying 'online for offline' strategy

Local fashion firms are pursuing “online for offline” (O4O) strategies appealing to consumers who want to try on clothes before making online purchases.

Kim Jae-heun | 2021-01-01 16:06

KTFC orders OTT services to notify customers before end of free trials

KTFC orders OTT services to notify customers before end of free trials

The country's top antitrust watchdog ordered over-the-top (OTT) services here to inform customers in advance when their free trial ends and turns into paid membership.

Kim Jae-heun | 2021-01-01 09:22

Lotte to close fashion mall in Dongdaemun

Lotte to close fashion mall in Dongdaemun

Lotte Asset Development will close its shopping center Lotte FITIN Dec. 31, due to the fashion business slump in the area and the COVID-19 pandemic. Lotte's real estate firm has been operating the mall for seven years and it once was one of the most popular stores for foreign tourists with over 50 percent of its sales coming from foreigners.

Kim Jae-heun | 2020-12-30 09:12

Coupang and Naver named as strong candidates to acquire Yogiyo

Coupang and Naver named as strong candidates to acquire Yogiyo

Coupang and Naver have emerged as strong candidates to take over Yogiyo, the country's No. 2 food delivery player, after the top antitrust watchdog ordered Delivery Hero to sell the delivery service.

Kim Jae-heun | 2020-12-29 17:13

Retail market restrained by gov't regulations

Retail market restrained by gov't regulations

Contactless consumption has become the “new normal” here thanks to the fast growing e-commerce sector that contributes to the expansion of the entire retail market. Total retail sales were less than 200 trillion won up until 2010, but have nearly doubled as they are expected to reach 387 trillion won next year.

Kim Jae-heun | 2020-12-29 16:19

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