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Biz & Tech

Retail & Food

Wed, January 27, 2021 | 07:36

Popeyes to exit Korea

Popeyes to exit Korea

American fried chicken restaurant chain Popeyes is closing down its operations in Korea after failing to find a buyer, the food operator said Friday.

2020-12-04 15:55

Tiffany opens brand store in Kakao e-commerce

American luxury jewelry firm Tiffany & Co. (Tiffany) opened its very first official brand store here through Kakao's e-commerce platform, Thursday. This is a significant win for Kakao as it will be the only shopping mall selling Tiffany products online.

2020-12-04 10:13

Coupang late to remove controversial products

Coupang late to remove controversial products

Coupang, Korea's largest e-commerce firm, has again come under criticism for allowing the sale of controversial products on its platform. Most recently, a headband with the Japanese word “kamikaze” emblazoned across it drew the public's ire. Kamikaze refers to Japanese military aviators who flew suicide attacks against the allied nations during World War II.

2020-12-04 09:12

Chung reaffirms bond between Shinsegae and Starbucks Korea

Chung reaffirms bond between Shinsegae and Starbucks Korea

Vice Chairman of Shinsegae Group Chung Yong-jin reaffirmed the close relationship between his company and Starbucks Korea in a recent appearance on their YouTube channel.

2020-12-03 09:15

Starbucks helps Shinsegae boost online business

Starbucks helps Shinsegae boost online business

Starbucks helps Shinsegae boost online business

Starbucks Korea, which manages a joint venture with local retail giant Shinsegae, is helping its business partner improve its online business performance by opening an exclusive Starbucks store at the latter's outlets. SSG.com, an e-commerce unit of Shinsegae, saw a 10-percent increase in overnight delivery orders and a 20-percent boost in sales one week after it started sell...

2020-12-02 09:05

Chung reaffirms bond between Shinsegae and Starbucks Korea

KITA hosts conference on global trade environment for 2021

KITA hosts conference on global trade environment for 2021

The Korea International Trade Association (KITA) held an online conference on “Prospects and Challenges for 2021 Global Trade Environment” on Monday and Tuesday. The event was divided into two parts - an EU session on the first day and a U.S. session on the second.

2020-12-01 16:40

KRCC to expand agricultural development business in overseas

KRCC to expand agricultural development business in overseas

The Korea Rural Community Corporation (KRCC) has achieved significant results overseas this year after successfully signing two agricultural development agreements in Malawi and Ethiopia. According to the corporation, the size of the project to develop a farming system in Malawi is equivalent to 3.4 percent of the country's gross domestic product for a year.

2020-12-01 10:18

Shinsegae seeks local retail paradigm shift with 'drama commerce'

Shinsegae seeks local retail paradigm shift with 'drama commerce'

Vice Chairman of Shinsegae Group Chung Yong-jin will introduce a new paradigm in retailing here by combining TV shows and online shopping; a concept he calls “drama commerce.” This brings the shopping experience to another level where people can purchase products while watching dramatic content on their mobile phone.

2020-11-30 16:05

Output of domestic alcohol down 10%, yet imports double in 5 years: data

Output of domestic alcohol down 10%, yet imports double in 5 years: data

Output of domestic alcoholic beverages decreased by over 10 percent over the past five years, but imports of alcohol nearly doubled during the same period, government data showed Sunday. The total production of alcoholic beverages made in the country came to 337 million kiloliters in 2019, down 11.3 percent from 390 million kiloliters in 2014, according to the data by the Nat...

2020-11-29 11:57

Binggrae records strong sales with Dr. Capsule 1000

Binggrae records strong sales with Dr. Capsule 1000

Binggrae renewed its fermented milk product Dr. Capsule 1000 in August last year and it saw sales multiply by 20 times from January to September this year compared to the same period in 2019. The double capsule lactobacillus of Binggrae's fermented milk product protects lactobacillus probiotics from stomach acid and bile and helps it safely reach the intestine.

2020-11-26 16:17

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