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Biz & Tech

Retail & Food

Sat, October 23, 2021 | 13:01

McDonald's Korea accused of owing 50 bil. won in back pay to part-time employees

McDonald's Korea allegedly owes 50 billion won in back pay to its workers. According to its part-time employee union, “Crew,” the Korean branch of the U.S.-owned and managed fast food restaurant chain has been excluding work hours when its 15,000 workers were changing into uniform that amount to 14 billion won in unpaid wages.

Kim Jae-heun | 2021-10-22 16:39

Delivery Hero, Coupang Eats face possible curbs on quick commerce

Quick commerce has emerged as a new growth engine for local retailers that deliver online orders in less than an hour. Currently, major supermarket operators and food delivery firms sell only groceries through their quick commerce platforms, but they plan to boost sales by expanding their product variety.

Kim Jae-heun | 2021-10-22 08:51

Eggdrop sees record revenue growth during COVID-19 pandemic

Eggdrop, a fast-growing breakfast chain here, said Thursday that it saw record revenue growth this past summer powered by increased orders for its signature egg sandwiches due to a growing number of people working from home during the pandemic.

2021-10-20 14:56

Retail giants make major changes in response to shopping trends

Korea's retail giants are accelerating measures to improve their business structures and cope with online shopping trends. Lotte and Shinsegae are the two major firms battling for the title of the No. 1 retailer here. However, the pandemic has brought strong new rivals onto the scene: Coupang, Naver and Market Kurly.

Kim Jae-heun | 2021-10-19 16:36

'Living with COVID-19' policy raises expectation for liquor businesses

Local brewery companies and liquor traders are hoping to see a rebound in the fourth quarter of this year, with the government pointing to possible implementation of a “Living with COVID-19” strategy that will ease social distancing measures nationwide.

Kim Jae-heun | 2021-10-19 10:44

IT firms cautious about ending work-from-home under 'Living with COVID-19'

Paris Baguette expands into Indonesia

Paris Baguette, Korea's largest bakery chain, run by SPC Group, has set up a joint venture with Indonesia's Erajaya Group. This move is the latest by the Korean conglomerate to expand its bakery business across Southeast Asia.

Yi Whan-woo | 2021-10-18 16:07

Starbucks Korea to improve working conditions for staff

Starbucks Korea has decided to hire 1,600 more employees to allay mounting complaints voiced by existing workers over heavy workloads. It also promised to adopt a new wage system and improve working conditions for its employees.

Kim Jae-heun | 2021-10-18 08:46

[ANALYSIS] Pandemic spurs sales of luxury goods, counterfeits

When COVID-19 first exacted damage upon the Korean economy in February 2020, no one expected the luxury goods market here to experience a boom. Under the government's strict quarantine measures, people have been forced to stay home. As well as restaurants, coffee shops and department stores, luxury boutiques were restricted from operating after 9 p.m. Opening hours for busine...

Kim Jae-heun | 2021-10-17 11:09

Woowa Bros. befuddled by increasing consumer dissatisfaction with Baemin

Woowa Brothers, the company that operates the country's largest food delivery app, Baedal Minjok (Baemin), has been receiving the highest percentage of consumer dissatisfaction for its service among local food delivery apps.

Kim Jae-heun | 2021-10-15 09:07

Convenience store chain E-Mart24 opens 5th outlet in Malaysia

E-Mart24, the convenience store arm of South Korean retail giant Shinsegae, said Thursday it has opened its fifth store in Malaysia as part of its overseas push.

2021-10-14 10:59

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