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Tue, August 11, 2020 | 12:25
FTC unlikely to punish Starbucks for reward item shortage
FTC unlikely to punish Starbucks for reward item shortage
Starbucks Korea is unlikely to be sanctioned by the Korea Fair Trade Commission (KFTC) for allegedly committing a “fraudulent act” against its customers. At a meeting of the National Assembly State Affairs Committee two weeks ago, ruling Democratic Party of Korea Rep. Min Hyung-bae said the American coffeehouse chain violated the Fair Trade Act with its “summer ready bag” pro...
Kim Jae-heun | 2020-08-10 17:27
Coupang COVID-19 case recognized as industrial accident
Coupang COVID-19 case recognized as industrial accident
The Korea Workers' Compensation & Welfare Service (COMWEL) has recognized the case of a 40-something Coupang employee surnamed Jeon - who was infected with COVID-19 at the online retailer's logistics center in Bucheon, Gyeonggi Province - as an industrial accident, according to a group of victims there, Monday.
Kim Jae-heun | 2020-08-10 17:26
Retailers show contrasting earnings for Q2 amid COVID-19
Retailers show contrasting earnings for Q2 amid COVID-19
Domestic retailers' earnings for the second quarter showed stark differences between online and bricks-and-mortar shops in the wake of the COVID-19 pandemic. The profitability of the latter crashed, while that of the former - including home shopping and other contactless business - showed noticeable growth.
Nam Hyun-woo | 2020-08-09 16:33
Korea promotes home-developed rice varieties amid boycott of Japanese products
Korea promotes home-developed rice varieties amid boycott of Japanese products
Japanese rice cultivars such as Koshihikari have become increasingly popular among Koreans in recent years as more consumers seek new varieties of this staple food. In a bid to compete with them in “the luxury rice market,” a government research agency has recently developed and released two rice varieties - Haedeul and Alchanmi - which aim to overtake their Japanese rivals o...
Jung Min-ho | 2020-08-09 09:39
KT&G begins export of e-cigarette device
KT&G begins export of e-cigarette device
KT&G started exporting its e-cigarette heating devices to Russia last month in accordance with the company's agreement with Philip Morris International (PMI) under which the two parties will work on promoting global marketing campaigns, the tobacco company said Thursday.
Nam Hyun-woo | 2020-08-06 16:39
POSCO International, RDA to support Myanmar rice industry
POSCO International, RDA to support Myanmar rice industry
POSCO International said Wedneday it signed a memorandum of understanding with the Rural Development Administration (RDA) in an effort to improve the value chain of Myanmar's rice industry. RDA Administrator Kim Kyeong-kyu and POSCO International CEO Joo Si-bo met at the corporate group's office in downtown Seoul to participate in the signing ceremony.
Kim Jae-heun | 2020-08-05 17:17
Galleria sees growth despite pandemic
Galleria sees growth despite pandemic
Galleria Department Store, operated by Hanwha Galleria, saw sales growth of 4 percent year-on-year in the first half of this year. The result is particularly notable as the outlook on department stores has been negative due to the COVID-19 pandemic.
Kim Jae-heun | 2020-08-05 17:17
Woowa Brothers to improve company's reputation
Woowa Brothers to improve company's reputation
Woowa Brothers, operator of the country's top food delivery player Baedal Minjok (Baemin), said Monday it has established a partnership coordination department under direct control of CEO Kim Beom-joon and scouted a new vice president, Kwon Yong-kyu, to lead the team. The company hopes such efforts can boost its image by strengthening its communication with business partners ...
Kim Jae-heun | 2020-08-03 17:41
Scions destined not to use company money for luxurious cars
Scions destined not to use company money for luxurious cars
Children from wealthy families will no longer be able to drive luxury cars purchased by their parent's corporations as company vehicles. Rep. Lee Hyung-seok of ruling Democratic Party of Korea has proposed a revised bill to prevent the personal use of sports cars purchased with company money.
Kim Jae-heun | 2020-08-02 22:41
Chanel shuns global sustainability trend
Chanel shuns global sustainability trend
The global trend in the luxury goods industry today is to reuse, recycle and regenerate fashion. French fashion house Chanel said it would stop producing fur products and using leather made from endangered animals while promising to cut carbon emissions by 50 percent through use of renewable electricity by 2030. However, it is unresponsive in joining other brands' initiatives...
Kim Jae-heun | 2020-08-01 12:19
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