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Biz & Tech

Retail & Food

Sun, August 1, 2021 | 09:20

Orion exceeds W1 tril. in cumulative sales in Russia

Confectioner Orion saw cumulative sales in Russia surpass 1 trillion won ($869 million), thanks to the continued popularity of “Choco Pie” chocolate-covered marshmallow snacks there.

Kim Jae-heun | 2021-07-30 16:25

Lotte, Hotel Shilla expand foothold abroad to overcome pandemic

Lotte Hotels & Resorts and Hotel Shilla are trying to expand their footholds abroad in what are seen as their bids to overcome business risks stemming from a decline in the number of international visitors to Korea due to the COVID-19 pandemic.

Yi Whan-woo | 2021-07-30 09:21

[ANALYSIS] Chung siblings take different steps in boosting Shinsegae's businesses

The two powerful siblings - Shinsegae Vice Chairman Chung Yong-jin and the President of Shinsegae Department Store Chung Yoo-kyung - are having one of the busiest times of their lives.

Kim Jae-heun | 2021-07-29 16:34

Homeplus holds drawing contest for children

Homeplus held an online drawing contest for children together with its ePARAN Foundation and the Korea Association for UN Environment. The young contestants featured their artworks on ePARAN Foundation's official website. The award ceremony was broadcast on the official YouTube account of Korea Association for UN Environment.

2021-07-29 15:28

HiteJinro aims to boost summer beer sales with Terra, FiLite

HiteJinro hopes to boost beer sales this summer with its best-selling lager, Terra, and low-malt beer, FiLite. It has only been two years since the launch of Terra, but the brew has become one of the top-selling beers here with its cumulative sales reaching 1.65 billion bottles as of March of this year.

2021-07-28 16:19

Dongsuh hit for 'sexist' image in Starbucks coffee ad

Dongsuh Foods is under fire over accusations that it included a contentious hand gesture in an ad for a ready-to-drink (RTD) canned coffee drink it produces and sells. The instant coffee giant took down the image from its official Instagram account and posted a written apology on its website apologizing for causing social discomfort.

Kim Jae-heun | 2021-07-28 08:33

E-Mart decides to buy bigger stake in Starbucks Coffee Korea

E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won ($412 million) to become the coffee chain's largest shareholder.

2021-07-27 14:10

Coupang seeks turnaround with quick commerce service

Coupang has launched the quick commerce service “Coupang Eats Market” in a bid to make a rebound from the fallout of a number of scandals that led customers to turn their backs on the online retailer.

Kim Jae-heun | 2021-07-27 08:45

Lotte chief urges breakthrough in e-commerce

Lotte Group Chairman Shin Dong-bin moved up a presidential board meeting two week earlier to Thursday to come up with countermeasures for competing against Coupang, Naver and Shinsegae - the new “big three” in the local e-commerce market.

Kim Jae-heun | 2021-07-26 18:00

BHC aims to complete acquisition of Outback Steakhouse

Local fried chicken restaurant franchise BHC, once a subsidiary of BBQ Genesis, is considering whether to acquire Outback Steakhouse Korea as it seeks to become a leading food firm.

Kim Jae-heun | 2021-07-26 18:00

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