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Canadians sample SPC's bagels

SPC Group CEO Hur Jin-soo, left, poses for a photo with Chargee d'Affaires of Canada to Korea Tamara Mawhinney, center, and Cereals Canada CEO Dean Dias, during Paris Baguette's invitational event offering bagels made with Canadian wheat in Seoul, Thursday. Paris Baguette invited the ambassador and officials from the Canadian Embassy in Korea to try its new “double chewy bagels” launched in February. Montreal in Canada is considered one of the two most popular cities for bagels, along with New York. Courtesy of SPC

Mar 30, 2023By Kim Jae-heun
Canadians sample SPC's bagels
Companies

Hitejinro unveils new lager to challenge OB

Hitejinro CEO Kim In-gyu speaks to the press during the company's launching event for its new beer brand Kelly in Seoul, Thursday. Courtesy of HitejinroBy Kim Jae-heunHitejinro, a major local brewer, has launched a new lager called Kelly as part of efforts to regain its No. 1 status from its rival Oriental Brewery (OB), according to company officials Thursday.Kelly is Hitejinro's first new product since 2019 when it introduced Terra, another lager. The name Kelly is short for “keep naturally,” which means minimizing the artificial taste of the product and making it as natural as possible. The lager is made with Danish barley that has been germinated for 24 hours longer than other barleys. “We made Kelly based on our long-term research on consumers' expectations and demands in the regular beer market. Kelly will create a strong sensation in the local market and help us recapture our top position,” Hitejinro CEO Kim In-gyu said during a press conference held in Seoul.According to market research firm Nielsen Korea, Oriental Brewery's lager Cass topped the domest

Mar 30, 2023By Kim Jae-heun
Hitejinro unveils new lager to challenge OB
Companies

GoldenBlue to sue Carlsberg over terminated contract

Carlsberg beer products / Courtesy of GoldenBlueBy Kim Jae-heunGoldenBlue will file a lawsuit against Carlsberg for its unilateral termination of a distribution contract, seeking financial compensation from the beer that has a royal warrant of appointment, Korea's largest local liquor company said Wednesday.The firm also plans to visit the Embassy of Denmark in Korea to protest Carlsberg's “unfair” business practices and file a complaint with the Fair Trade Commission (FTC), GoldenBlue officials said.On March 7, it received a letter of “mutual confirmation of termination” from Carlsberg announcing its intent to cease distribution of its products. The Korean firm will stop retailing all of Carlsberg's beer on March 31.GoldenBlue, which signed a distribution agreement with Carlsberg in May 2018, has been marketing Danish beer here. However, in January 2022, Carlsberg began extending the contract for only two to three months at a time. After the last contract ended in October 2022, GoldenBlue has been retailing and marketing Carlsberg products under non-contractu

Mar 29, 2023By Kim Jae-heun
GoldenBlue to sue Carlsberg over terminated contract
Companies

Starbucks Korea CEO meets store staff

Starbucks Korea CEO Sohn Jeong-hyun, fourth from right in the front row, poses with store personnel at the company's headquarters in Seoul, on March 28. The coffee house chain plans to further strengthen communication with its employees through the Starbucks Discovery Program, which provides them a chance to meet with the CEO and visit the company's headquarters as well as other Starbucks Korea specialty stores. Courtesy of Starbucks Korea

Mar 29, 2023By Kim Jae-heun
Starbucks Korea CEO meets store staff
Companies

'Portability was key factor in designing glo Hyper X2': BAT's head designer

Group Head of Design at BAT Ken Kim pose with tobacco heating product glo Hyper X2 at the company's headquarters in Seoul, Tuesday. Courtesy of BAT RothmanBy Kim Jae-heunPortability was what Ken Kim, a group head of design at British American Tobacco (BAT), had focused the most on when he was designing the company's latest tobacco heating product glo Hyper X2, the designer said during a video interview, Tuesday. The head designer met with reporters online to share his design philosophy and the stories behind the development of glo Hyper X2, which has been receiving positive responses from users for its innovative features and sensuous design. “People have their e-cigarette in their pocket together with their wallet and smartphone. So we had to focus on the portability of the device,” Kim said.Glo is built on the basis of a 360 induction heating system, which limits size minimization. However, Kim turned that limit into a strength and adopted the concept of barreling to emphasize the device's engine.“In order to implement the optimal shutter mechanism, I conducted st

Mar 28, 2023By Kim Jae-heun
'Portability was key factor in designing glo Hyper X2': BAT's head designer
Companies

CJ CheilJedang sees chicken as next big seller after frozen dumpling

Bibigo's Korean food items are contained in a cart at a large discount store in the United States in this 2020 file photo. Korea Times file By Kim Jae-heunCJ CheilJedang, Korea's largest food company by sales, is considering chicken as its next strategic product to succeed its popular frozen dumplings, which helped its Bibigo brand's global sales surpass 1 trillion won ($768.3 million) in 2022, company officials said Monday. Bibigo is a CJ's food brand under which the company has been launching a series of products in overseas markets. About 40 percent of Bibigo's revenue comes from selling frozen dumplings in the United States.“We are developing new chicken items currently, but we will target the domestic market first. We will introduce different products for different countries to satisfy the local palates,” a CJ CheilJedang official said. The new chicken products being developed by CJ are expected to be drumsticks and wings, similar to popular fried chicken items

Mar 28, 2023By Kim Jae-heun
CJ CheilJedang sees chicken as next big seller after frozen dumpling
Companies

Hitejinro catching up with top-ranked OB in beer market

A delivery driver carries a crate of Terra beer into a restaurant in Seoul, Feb. 20. NewsisBy Kim Jae-heunOriental Brewery (OB), Korea's leading brewer, faces increasing competition in the local beer market from long-time rival Hitejinro, which has been catching up quickly due to soaring sales of its popular lager beer, Terra, at restaurants, bars and nightclubs, according to industry officials Monday.Hitejinro lost its No. 1 status in 2012 to OB, owned by the world's largest brewer Anheuser-Busch InBev (AB InBev), and has been unable to reclaim the top spot.According to Hitejinro, Terra sales increased 11 percent year-on-year in 2022 to more than 1 billion 330-milliliter bottles for the first time. This is an 86 percent jump in sales volume compared to the first year Terra was introduced.HiteJinro said sales of the popular lager beer soared last year thanks to the lifting of coronavirus social distancing measures in the country.Sales of Terra at restaurants and bars increased 33 percent year-on-year and jumped 85 percent at pubs and clubs in 2022.“It's hard to assess the overa

Mar 27, 2023By Kim Jae-heun
Hitejinro catching up with top-ranked OB in beer market
Companies

Nongshim plans to build plant in eastern US region

Nongshim's second production facility in Los Angeles, California / Korea Times fileBy Kim Jae-heunNongshim is considering building its third U.S. instant noodle plant in the eastern part of the U.S. to meet growing demand in the world's largest economy, according to the company chairman.“We are considering the eastern region of the United States as a strong candidate (to build the production facility) and may be able to give shape to our plan around the end of this year or early next year,” Nongshim Chairman Shin Dong-won said during the company's regular shareholders meeting at its headquarters in Seoul, Friday.Nongshim Chairman Shin Dong-won“We will focus on our capabilities on expanding our global market as the unprecedented business environment is expected to continue this year, which will further increase uncertainty,” Shin added. Though, on a question regarding when and where the facility will open, the Nongshim official said nothing concrete has been decided about the plan yet. The chairman's decision stems from Nongshim consistently increasing sales in

Mar 27, 2023By Kim Jae-heun
Nongshim plans to build plant in eastern US region
Companies

Apple Pay service limited by lack of NFC terminals

A customer pays for a beverage with Apple Pay at a coffee shop in Seoul on March 21. YonhapBy Kim Jae-heunA 32-year-old surnamed Kim living in Gangseo District, Seoul, recently started using a credit card issued by Hyundai Card to use Apple Pay, which began its service here on March 21. After using it for nearly a week, Kim feels there are not many restaurants and coffee shops that have adopted the service yet.“Convenience stores are the only places that support Apple Pay. Small restaurants and coffee shops in my town do not have near field communication (NFC) terminals installed at their stores,” Kim said. “I feel like it needs more time for people to use Apple Pay conveniently here and there.”A 59-year-old housewife surnamed Choi was also disappointed to learn she cannot yet use Apple Pay at any of Shinsegae's affiliated stores.“I didn't know I wouldn't be able to use Apple Pay at Shinsegae Department Store or Emart until I read news about it. Many housewives shop for groceries at Emart and it is inconvenient that the discount store doesn't support the

Mar 26, 2023By Kim Jae-heun
Apple Pay service limited by lack of NFC terminals
Companies

Second daughter of Daesang chairman promoted to vice president

By Kim Jae-heunDaesang Group Vice President Lim Sang-minDaesang Group Honorary Chairwoman Lim Chang-wook's second daughter Lim Sang-min has been promoted to vice president of Daesang, the company said Wednesday. It has been in six years and four months since she was tapped as executive director of the company. Lim studied at Ewha Womans University's Department of History and acquired a Master of Business Administration from London Business School.She started her career at UTC Investment, Daesang Group's venture capital affiliate, in 2007 and joined the headquarters' management innovation team in August 2009. After that, she served as the deputy head of the planning and management department and now she is a chief strategy officer of the company. A company official said Lim has contributed to the company by improving management efficiency through mergers and restructuring of Daesang's affiliates, securing new growth engines, promoting strategic tasks for corporate sustainability management, establishing a global production base and participating in the group's strategic merger and acq

Mar 24, 2023By Kim Jae-heun
Second daughter of Daesang chairman promoted to vice president
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