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Czech beer brand Kozel White gets global launch in Seoul

Senior brew master of Asahi Europe & International Kamil Ruzek, left, and General Manager of Asahi Europe Brand Korea Matthew Holmes pose with newly introduced Kozel White beers at the launch in Seoul, April 13. Courtesy of AEBK By Kim Jae-heunCzech beer brand Kozel, owned by Japan's Asahi, launched its new lager Kozel White in Korea for the first time in the world to test its product before taking it to other global markets, the company said Thursday. “I am happy to introduce Kozel White in Korea with much love and respect to the Korean beer market,” Matthew Holmes, general manager of Asahi Europe Brand Korea (AEBK ― exclusive local importer of Kozel), said during the press conference held in Seoul.“We recognize the importance of the Korean market as the global trend says 'if it works in Korea, it works in other parts of the world.' If the product is chosen by Korean consumers, who are picky about quality and services and sensitive to trends, it has a high possibil

Apr 13, 2023By Kim Jae-heun
Czech beer brand Kozel White gets global launch in Seoul
Companies

Kyochon F&B celebrates 32nd anniversary of foundation

Kyochon F&B Chairman Kwon Won-kang, second from left, participates in a hand printing ceremony to celebrate his company's 32nd anniversary at its headquarters in Osan, Gyeonggi Province, Monday. Over 600 people including Kyochon F&B's employees and its fried chicken restaurant franchisees joined the event. Courtesy of Kyochon F&B

Apr 13, 2023By Kim Jae-heun
Kyochon F&B celebrates 32nd anniversary of foundation
Companies

CJ Foodville shifts to black in Indonesia, Vietnam

Customers shop for bakery products at CJ Foodville's Tous Les Jours cafe in Jakarta, Sept. 19, 2022. Courtesy of CJ FoodvilleBy Kim Jae-heunCJ Foodville, the food service subsidiary of CJ Group, has started generating profits in Indonesia and Vietnam amid growing consumer demand for Korean-style bakery products there, company officials said Wednesday.The company has successfully positioned its bakery chain Tous Les Jours as a premium shop in both countries by offering products baked daily at the stores. Most bakery chains in Indonesia and Vietnam only sell mass-produced bread or buns. It also made its baked goods more visually appealing and expanded its online-to-offline (O2O) link service to target the countries, which both have large populations of young people. “We first entered the Vietnamese and Indonesian markets in 2007 and 2011, respectively. Back then, there were barely any successful cases of Korean franchise firms trading surplus. The turning point was when our Tous Les Jours business in the United States went into the black five years ago and that experience has hel

Apr 13, 2023By Kim Jae-heun
CJ Foodville shifts to black in Indonesia, Vietnam
Politics

Oceans ministry ready for BIE inspection of Busan's Expo bid

Minister of Oceans and Fisheries Cho Seung-hwan gives a briefing to foreign journalists at the Press Center in Seoul, Tuesday. Courtesy of Ministry of Oceans and FisheriesBy Kim Jae-heunThe Ministry of Oceans and Fisheries (MOF) said it is ready for an on-site inspection by the Bureau International des Expositions (BIE) scheduled from April 2 to 7 of Busan's ability to host the World Expo 2030.The ministry has been jointly redeveloping Busan North Port with Busan Port Authority (BPA) since 2008 to provide key support facilities for the Expo in 2030. The project is divided into two stages and the first is almost completed.“The first stage of the Busan North Port redevelopment project is nearly done. The construction of the roads and parks around the port is completed and a marina will open soon too. An opera house is still under construction and we are preparing contents related to culture and tourism,” Minister of Oceans and Fisheries Cho Seung-hwan said during a meeting with reporters at Press Center in Seoul.“The port is already in operation now and we are closely

Apr 13, 2023By Kim Jae-heun
Oceans ministry ready for BIE inspection of Busan's Expo bid
Companies

E-commerce firms strive to eradicate harmful products in open market

Lotte ON's mobile shopping platform. Courtesy of Lotte ShoppingBy Kim Jae-heunLocal e-commerce firms are working hard to ban the sales of harmful products in their open markets as part of efforts to gain consumers' trust and improve their corporate image, company officials said Wednesday.Lotte ON, Lotte Group's e-commerce platform, decided recently to ban sales of illegal adult goods, vaping devices and products feared to infringe on privacy. Ultra-small cameras that can be used for making voyeur videos are also excluded from online sales by Lotte ON. The company has also banned the search of any keywords related to the products mentioned above.“It is our new attempt that we took action first to prevent any sales of harmful products. This can give us a loss to some extent but we want to focus more on selling high-quality protects that benefit our customers,” a Lotte ON official said. “We have even refused to promote heat-not-burn devices on our platform, which are not illegal but for the sake of our customers' health.”Gmarket is closely monitoring the sales of

Apr 13, 2023By Kim Jae-heun
E-commerce firms strive to eradicate harmful products in open market
Companies

OB boosts presence in craft beer market

OB's new craft beer product Honey 054 / Courtesy of OBBy Kim Jae-heunOriental Brewery (OB) has been boosting its presence in the craft beer market going after an increasing number of young consumers who prefer alternatives to generic mass-produced beer, according to industry officials, Tuesday.Oriental Brewery CEO Ben VerhaertOB is the country's largest brewery with its best-selling beer brand Cass dominating the household market with 42 percent of the market share. However, as the demand for craft beer has been increasing, the brewer saw the need to introduce differentiated products from already-established mass-produced ones.On Monday, the company introduced its second craft beer product Honey 054, following its successful launch of Ginger 063 in March. Ginger 063 was sold out only a month after its release thanks to an explosive response from consumers. “Our launch of new craft beer series aims to target young consumers, especially those who have high standards regarding the beer taste. Some consumers are happy with beers like Hite and Cass, but some want something more soph

Apr 12, 2023By Kim Jae-heun
OB boosts presence in craft beer market
Companies

Renault Korea supports Busan's Expo bid with French photographer's exhibition

French photographer Thomas Goisque, center, bows during an opening ceremony for his exhibition at the Art Space of the French Cultural Center in Busan, Monday. Renault Korea Motors CEO Stephane Deblaise, third from left, and Busan Mayor Park Heong-joon, right, applaud. Courtesy of Renault Korea MotorsBy Kim Jae-heunRenault Korea Motors invited world-renowned French travel photographer Thomas Goisque and sponsored his exhibition in Busan in a show of support for the port city's bid to host the World Expo 2030, the company said Tuesday. The exhibition, which began on Monday at the Art Space of French Cultural Center in Busan, displays 34 photos of Busan's past, present and future ― all taken by Goisque. It aims to show the beauty of the country's second-largest city while promoting Busan as the optimal host for the upcoming World Expo. The event will run until May 6.Renault Korea Motor CEO Stephane Deblaise and Busan Mayor Park Heong-joon participated in the opening ceremony of the exhibition when Goisque arrived on the day. In a congratulatory speech, Deblaise promised the company's f

Apr 12, 2023By Kim Jae-heun
Renault Korea supports Busan's Expo bid with French photographer's exhibition
Companies

LG CNS, Microsoft join hands for generative AI biz

Chief Commercial Officer of Microsoft Judson Althoff, left, and LG CNS CEO Hyun Shin-gyoon pose after holding a meeting at Microsoft's headquarters in Redmond, Washington, on April 6. Courtesy of LG CNSBy Kim Jae-heunLG CNS, a company specializing in digital transformation (DX), has decided to strengthen its strategic cooperation with Microsoft in the fields of artificial intelligence (AI) and cloud-based DX, the company said Tuesday. LG CNS CEO Hyun Shin-gyoon visited Microsoft's headquarters in Redmond, Washington, on April 6, and held a meeting with Judson Althoff, executive vice president and chief commercial officer of Microsoft.The Korean firm agreed with Microsoft Korea on ways to cooperate for the Azure Open AI Service business with an aim to develop new services based on AI, such as Chat GPT of OpenAI installed in Microsoft's cloud platform service Azure. It plans to provide various AI functions such as language understanding and image and emotion analysis by using open AI technology. “We will lead the market by quickly creating new AI services based on Microsoft's inn

Apr 11, 2023By Kim Jae-heun
LG CNS, Microsoft join hands for generative AI biz
Companies

Chanel Korea starts selling luxury watches online

A banner advertising 'Chanel Interstellar Capsule Collection' is seen on SSG.com's mobile shopping platform starting Monday afternoon. Screen capture from SSG.com's mobile shopping appBy Kim Jae-heunChanel Korea has started selling luxury watches online under a partnership with SSG.com, an online shopping platform operated by Shinsegae, company officials said Monday.The French luxury fashion house has sold high-end products such as handbags, jewelry and watches only through offline channels, mainly at its boutiques and department stores. Chanel only sold cosmetics products on local e-commerce platforms as they were classified as mid-priced goods. SSG.com posted a banner advertising “Chanel Interstellar Capsule Collection” on its mobile shopping platform, starting sales of the fashion brand's luxury watches. A total of seven different Chanel watches are on sale ranging in price from 11.5 million won ($8,712) to 37.7 million won.But the world's leading fashion and luxury brands have been in a conflict with e-commerce firms due to fears of losing the initiative in retailing

Apr 11, 2023By Kim Jae-heun
Chanel Korea starts selling luxury watches online
Companies

Japanese firm accused of ripping off Buldak Ramen

Samyang Foods' Buldak Ramen / Courtesy of Samyang FoodsBy Kim Jae-heunNissin Foods, a Japanese global food company, is facing growing criticism for selling products that closely resemble the popular Korean Buldak Ramen instant noodle product manufactured by Samyang Foods, according to industry officials, Monday.Nissin introduced Hot & Spicy Fire Wok last September. The product allegedly not only copied the taste and packaging design of Buldak Ramen, but also has the Korean word “bokkeummyeon” written on its packaging, which means fried noodle in Korean. Its price is only one-fifth of the original. “Nissin's Hot & Spicy Fire Wok product looks very much like Samyang Foods' Buldak Ramen. Some consumers are confused about which is the original. It also introduced a new cup noodle recently that resembles Samyang Foods' Carbo Buldak Ramen. It looks to me like Nissin just wants to ride on the popularity of Korean instant noodle products,” a local food firm official said.Nissin Foods' Hot & Spicy Fire Wok / Screenshot from Nissin Foods' websiteSamyang Food

Apr 10, 2023By Kim Jae-heun
Japanese firm accused of ripping off Buldak Ramen
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