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Baedal Minjok to upgrade to 'super-app'

The new design of Baedal Minjok's super-app's home page / Courtesy of Woowa BrothersBy Kim Jae-heunWoowa Brothers, operator of the country's top food delivery player Baedal Minjok (Baemin), has hinted the mobile application for Baemin will undergo a drastic design change. The very recent design of the food delivery service's platform looks more like a “super-app,” which shows all the services provided by Baemin in one screen, enabling customers to connect to them without installing a separate mobile application. Woowa Brothers introduced the new mobile application design to the online community of restaurant owners on May 7 and explained its functions. The company said its super-app design will be implemented on June 8. The current platform only lists types of food on the screen such as Chinese, Korean, Japanese and Italian. Recently, Baemin added its live shopping and fulfillment service B Mart to the list. “We have reorganized the screen design with a focus on improving accessibility and convenience of the app so that customers can connect to the services comforta

May 27, 2021By Kim Jae-heun
Baedal Minjok to upgrade to 'super-app'
Companies

SPC Samlip signs contract with Chobani for local sales

Greek yogurt items by Chobani / Courtesy of SPC SamlipBy Kim Jae-heunSPC Samlip signed a contract with U.S. yogurt brand Chobani, under which the Korean company will exclusively handle the supply of Chobani's various yogurt products for consumers in Korea.Chobani is one of the top three yogurt brands in the United States and the best-selling Greek yogurt there. The brand is well known for using milk from cows raised under animal welfare programs. Its distinguished package design and marketing strategy focused on highlighting the healthiness of its flagship products have helped continue its popularity in the United States. Turkish founder Hamdi Ulukaya established the firm in 2005. It is now considered the most innovative food company in the United States with the company generating $2 billion in sales last year. SPC Samlip will supply Chobani yogurt products exclusively to local retailers starting as early as July, and it plans to produce the products using domestic ingredients. SPC hopes to enter the local yogurt market, the estimated size of which is 980 billion won, and expand its

May 27, 2021By Kim Jae-heun
SPC Samlip signs contract with Chobani for local sales
Companies

Coupang grants 4 weeks of paid leave, free personal health service to delivery workers

Coupang delivery workers pose with boxes at the company's logistics center in Seoul, Feb. 14. Courtesy of CoupangBy Kim Jae-heunCoupang has launched its Coupang Care program to provide its delivery drivers with four weeks of paid leave as part of its free personal health services. This is the first time a logistics company has adopted such a welfare program and Coupang hopes it will establish a new industry standard for delivery workers.The online retailer has developed Coupang Care with cooperation of physicians, medical advisers and other healthcare experts to help its employees who suffer health problems such as high blood pressure or high blood sugar. They will be able to address their health issues while on the month-long paid leave.During the leave, Coupang's delivery drivers will receive personalized plans from the health experts regarding diet, exercise and stress management.Coupang Care is the company's latest initiative in its commitment to creating an exemplary work environment for its employees, whose health and safety are the company's top management priority. Coupang wa

May 26, 2021By Kim Jae-heun
Coupang grants 4 weeks of paid leave, free personal health service to delivery workers
Companies

K-water to achieve 'net-zero' with new renewable energy

Workers check on solar power panels installed at Hapcheon Dam in South Gyeongsang Province on May 24. Courtesy of K-water By Kim Jae-heunThe Korea Water Resources Corporation (K-water) said it will lead the global trend to take action against climate change by adopting a “smart” system for its water management.The government has been working to reduce greenhouse gas emissions by seeking a sustainable green society with low carbon use. Korea is set to host the P4G Summit on May 30 and 31. The virtual summit of global leaders will deal with climate change and sustainable development issues.After the government revealed the Korean New Deal plan last year, K-water decided to adopt facilities for new renewable energy while establishing a “smart” water management system to cope with droughts and flooding utilizing artificial intelligence (AI). In April, K-water became Korea's first public institution to join the global RE100 program, committing to relying 100 percent on r

May 26, 2021By Kim Jae-heun
K-water to achieve 'net-zero' with new renewable energy
Companies

ANALYSIS RDA fights poverty, food scarcity globally

By Kim Jae-heunWhile Korean pop cultural products are gaining fans around the world, Korean farming technology is also enhancing national prestige thanks to the efforts of Korea's Rural Development Administration (RDA) to contribute to the development of agriculture in developing countries in Asia, South America and Africa.Korea's advances in agriculture have made its “technology” world-class. In 2009, the country joined the Development Assistance Committee (DAC) of the OECD and transitioned from being an aid recipient to an aid donor.The governmental research and development institute receives many requests from developing countries to teach them advanced farming practices and the RDA has played the role of a “tow truck” to improve these nations' agriculture over the last decade. The RDA promotes win-win cooperation projects with 48 countries that focus mainly on official development assistance (ODA) through agricultural science and technology such as fostering new crops and agricultural techniques. One glow

May 26, 2021By Kim Jae-heun
[ANALYSIS] RDA fights poverty, food scarcity globally
Companies

FTC imposes W2 bil. penalty on BHC, BBQ for bullying franchisees

Genesis BBQ Chairman Yoon Hong-geun speaks during the company's 25th anniversary held at its research and development institute, Chicken University, in Icheon, Gyeonggi Province, in August 2020. Courtesy of Genesis BBQBy Kim Jae-heunThe Fair Trade Commission has decided to punish BHC and BBQ for canceling their franchise contracts with restaurant owners who joined hands to deal with coercive and unfair demands made by the fried-chicken chains.The top watchdog said it will impose a 15.3 billion won penalty on Genesis BBQ and a 500 million won penalties on BHC and ordered the companies to comply.Fried chicken restaurant owners have established a council to negotiate with BHC and BBQ on even ground But the move irked the fried-chicken franchisers.A BBQ restaurant owner in Saeteomaeul town in Yongin, Gyeonggi Province, took the lead in forming the group together with six other restaurant franchisees in November 2018. They have been holding talks with Genesis BBQ, which was accused of forcing restaurant owners to comply with demands by headquarters.From May 2018 until April this year, Gen

May 25, 2021By Kim Jae-heun
FTC imposes W2 bil. penalty on BHC, BBQ for bullying franchisees
Companies

SK ecoplant aims to become Asia's top eco-friendly firm

SK ecoplant CEO Ahn Jae-hyun announced the company's name change from SK E&C to SK ecoplant via a video disseminated to employees on Monday. Courtesy of SK ecoplantBy Kim Jae-heunSK Group's construction firm, formerly known as SK E&C, has changed its name to “SK ecoplant” and revealed its new goal to become Asia's top environmental enterprise on Monday. The new name was confirmed at an extraordinary general meeting for shareholders last Friday. SK ecoplant is a compound word made up of the words, “eco” and “plant.” The name communicates the company's desire to plant eco-friendly ideas and innovative technologies for the Earth. The construction firm has been emphasizing the importance of environmental projects to protect the planet and create new economic and social value. SK ecoplant will adopt environmental, social and corporate governance (ESG) principles as the new core values of the company, while trying to develop new environmental and energy businesses that contribute to the circular economy. SK's eco-friendly scheme will lead the dow

May 24, 2021By Kim Jae-heun
SK ecoplant aims to become Asia's top eco-friendly firm
Companies

Naver seen as major beneficiary in Shinsegae's acquisition of eBay Korea

Shinsegae Vice President Chung Yong-jin holds his thumb up during the inauguration ceremony of professional baseball team, SSG Landers, at Josun Hotel in Seoul on March 30. Korea Times fileBy Kim Jae-heunNaver may be one of the biggest beneficiaries if Shinsegae takes over eBay Korea, the Korean branch of the American e-commerce firm. Ebay Korea is up for sale for 5 trillion won ($4.43 billion), but potential buyers, including Shinsegae and four local private equity funds, find it too expensive.Shinsegae is said to be turning to Naver for support in financing the acquisition. The retailer established a strategic alliance with Korea's top search portal in March. At present, Shinsegae is seen as the strongest candidate to acquire eBay Korea.In return, Shinsegae is thinking of using Naver Pay as the payment service for Gmarket, Auction and G9, three e-commerce websites operated by eBay Korea. At present, Ebay Korea uses its own online payment system called Smile Pay. This is a tempting offer for Naver, which is seeking to expand its finance business. Smile Pay is widely used both online

May 21, 2021By Kim Jae-heun
Naver seen as major beneficiary in Shinsegae's acquisition of eBay Korea
Companies

Fashion platform business rivalry intensifies

Actress Youn Yuh-jung appears in an ad for fashion e-commerce platform ZigZag. Courtesy of CroquisBy Kim Jae-heunMajor platform operators here are competing for hegemony in the online fashion market, a field that is still considered a blue ocean. Last year, the traditional fashion market here was almost “destroyed” by the COVID-19 pandemic, but e-commerce firms in the field have shown 100 percent growth in terms of business volume. No single player has been able to dominate this area fully ― not even the most successful e-commerce firm, Coupang ― despite such a favorable business environment.The heated competition has led a number of major companies ― from the top men's online shopping platform Musinsa, to the biggest local luxury retailer Shinsegae, as well as IT giants like Kakao and Naver ― to acquire fashion startups with different characteristics and aim for the throne. It started in April, with Kakao taking over the mobile fashion platform Zigzag. Then on May 11, Shinsegae acquired the leading womenswear online shopping platform W Concept. Now Musinsa is in the proc

May 20, 2021By Kim Jae-heun
Fashion platform business rivalry intensifies
Companies

Pop-up store for bonsai trees

A staffer holds small potted plants at a curated shop for bonsai trees launched by Galleria Department Store in Seoul, Wednesday. The department store brand will host the pop-up store for dwarfed trees and related interior accessories in its luxury goods area until May 21. Courtesy of Galleria Department Store

May 19, 2021By Kim Jae-heun
Pop-up store for bonsai trees
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