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Biz & Tech

Retail & Food

Fri, June 5, 2020 | 06:59

More M&As to rattle food, beverage industries

More M&As to rattle food, beverage industries

Domestic confectionery titan Binggrae's recent acquisition of Haitai Icecream could be a signal for a series of M&As across the food and beverage industry, as firms make efforts to streamline their businesses to weather through the stagnant economy, industry officials said.

2020-04-06 09:53

Customer experience is key at Blue Bottle and Shake Shack

Customer experience is key at Blue Bottle and Shake Shack

When American franchises Shake Shack and Blue Bottle first opened their stores in Korea in 2016 and 2019, respectively, enthusiastic visitors formed long queues, waiting three to four hours to try burger meals and coffee drinks. Opinions were divided over such phenomenon as some called it “absurd” and others “interesting.”

2020-04-05 17:40

Social distancing at Starbucks

Social distancing at Starbucks

Starbucks Korea has put more distance between tables and chairs at a store in Seoul, Sunday, to maintain social distancing in the prevention of the spread of COVID-19. / Courtesy of Starbucks Korea

2020-04-05 17:05

Baedal Minjok's new fee system unwelcomed by restaurant owners

Baedal Minjok's new fee system unwelcomed by restaurant owners

The country's No. 1 food delivery service operator, Baedal Minjok (Baemin), acquired by Germany's Delivery Hero, recently introduced a new fee system for advertisement on the mobile application.

2020-04-02 17:20

Hite Jinro's FiLite beer enjoys soaring popularity

Hite Jinro's FiLite beer enjoys soaring popularity

Hite Jinro is enjoying soaring popularity with its low-malt beer FiLite from consumers who prefer to drink at home, the company said Thursday.

2020-04-02 17:02

Coupang to expand fintech business

Coupang to expand fintech business

Coupang has decided to separate its Payment Gateway (PG) business from the e-commerce sector and establish a new company under the tentative name of “Coupang Pay” starting Wednesday.

2020-04-01 19:31

Naver to acquire Demae-can to gain delivery service sector in Japan

Naver to acquire Demae-can to gain delivery service sector in Japan

Korea's No. 1 search engine Naver is continuing efforts to discover the next “Line,” the most used free instant messaging application in Japan that was developed to help people communicate after a big earthquake hit east Japan in 2011.

2020-04-01 18:43

BAT to invest 1 billion pound for 'less risky' products

BAT to invest 1 billion pound for 'less risky' products

British American Tobacco (BAT) will bet 1 billion pounds ($1.24 billion) in next generation products over the next three years, as part of its vision to have 50 million non-combustible product consumers by 2030, according to its Korean unit.

2020-03-31 17:26

LG Household & Health Care's American dream becomes nightmare

LG Household & Health Care's American dream becomes nightmare

LG Household & Health Care's (LG H&H) has branched out into America but its prospects aren't looking too bright. The Korean cosmetic firm acquired American health and beauty company New Avon last April to act as a bridgehead into expanding its business into the world's largest cosmetics market.

2020-03-31 09:52

Department stores to offer sales amid prolonged COVID-19 pandemic

Department stores to offer sales amid prolonged COVID-19 pandemic

Local department stores will begin their regular sales period from the first week of April for two weeks amid the prolonging COVID-19 pandemic here.

2020-03-30 18:11

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