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Thu, October 19, 2017 | 14:15

Biz & Tech > Light industries >

[INTERVIEW] Hollys Coffee surges on long-term planning

Recent government data shows that a Korean over 20 years old consumes 377 cups of coffee a year on average, up from 288 cups in 2012 and 341 in 2014. Along with the soaring consumption, the number of coffee shops here also skyrocketed to 90,809 at the end of this March from 55,416 in 2014 to hit the saturation mark. Many competing brands are going through ups and downs. Cafe ...

Light industries | 2017-09-06 17:15

Oxy RB to stop production in Korea

Oxy Reckitt Benckiser (Oxy RB), which sold a humidifier sterilizer in Korea that turned out to be lethal, has decided to stop its production here, due to boycotts and trade de-listings after the sterilizer scandal. An Oxy RB Korea spokeswoman said Wednesday its only Korean factory in Iksan, North Jeolla Province, is scheduled to close on Sept. 30. It considers the possibility...

Light industries | 2017-09-06 15:11

Rice burger franchise expelled for CEO's drug abuse

BonGousse was recently kicked out of an association of franchises because its CEO Oh Se-rin was found guilty of drug abuse. The Korea Franchise Association (KFA) said Tuesday its board members agreed to expel the famous rice burger chain during an emergency meeting last week. The expulsion is the toughest punishment against any of the association’s members. Last month, the Su...

Light industries | 2017-09-05 16:58

KT&G to invest W3 billion in startups

KT&G will spend 3 billion won ($2.6 million) on supporting young startup founders through the end of next year. In line with the government policy to solve lingering youth unemployment, the country’s largest tobacco manufacturer signed a memorandum of understanding Tuesday with the Social Solidarity Bank (SSB) and Underdogs, agreeing to launch “KT&G SangSang Startup Camp.” SS...

Light industries | 2017-09-05 15:55

Lotte Duty Free threatens to exit Incheon Airport

Lotte and other duty free store operators are demanding the Incheon International Airport Corp. (IIAC) cut rents, citing the plunging number of Chinese visitors amid the continued Sino-Korean political feud over the deployment of a U.S. missile defense system. Lotte Duty Free has especially been threatening to close its stores at Korea’s main gateway unless the IIAC accepts t...

Light industries | 2017-09-04 17:00

SK heiress to marry startup worker

SK Group Chairman Chey Tae-won’s oldest daughter will tie the knot with a man working for a startup company, according to the nation’s third-largest conglomerate, Monday. Chey Yoon-chung, 28, will have a private wedding Oct. 21 in Seoul with a man surnamed Yun, who worked with her at Bain & Company. The soon-to-be couple purportedly fell in love with each other, while working...

Light industries | 2017-09-04 16:07

Italian chamber, Edrington promote Campari as pre-dinner cocktail

Edrington Korea and the Italian Chamber of Commerce in Korea (ICCK) have completed a campaign to promote Campari, a pre-dinner Italian cocktail, among local fine diners. In cooperation with 17 Italian restaurants in Seoul, Edrington, which imports Campari, and ICCK said Sunday that the Aperitivo Week campaign had been a success. The campaign was the first in the Reddy to Ital...

Light industries | 2017-09-03 17:50

McDonald suspends sales of popular 'bulgogi' burger amid illness complaints

U.S. fast-food chain McDonald's said Saturday that it has suspended sales of its bulgogi burger across South Korea following an illness complaint by children and their teacher. McDonald's said, in a statement posted on its website, it "is very sorry" and vowed to make every effort to find the exact cause of the problem.

Light industries | 2017-09-03 10:47

300 Paris Baguette stores to open in US by 2020

The nation’s food and beverage giant SPC Group seeks to expand its U.S. business fivefold by 2020. Its Chairman Hur Young-in unveiled his plans during a meeting, Tuesday, with U.S. House Foreign Affairs Committee Chairman Ed Royce and Congressman Ami Bera in Seoul. The two U.S. politicians were visiting Korea to discuss expanding U.S. trade opportunities and establishing new ...

Light industries | 2017-08-30 16:14

Jeju Air posts earnings surprise on business agility

Jeju Air posted its largest growth in earnings because of the firm’s stable revenue structure and business agility, the company said Wednesday. The nation’s top budget carrier outperformed other listed airline operators here, chalking up 16.2 billion won ($14.43 million) in operating profit during the April-June period, up 2,448 percent from the previous year. Its sales reach...

Light industries | 2017-08-30 16:03

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Lunch with Navy sailors