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Biz & Tech

Retail & Food

Sun, March 29, 2020 | 21:07

GS gears up for new start under CEO Huh Tae-soo

GS gears up for new start under CEO Huh Tae-soo

GS Group is gearing up for a new start under Huh Tae-soo, who was officially appointed as CEO of the group's holding company GS Holdings and chairman of the board during Friday's general meeting, the company said Sunday.

Baek Byung-yeul | 2020-03-29 17:16

Pulmuone noodle pack sales skyrocket in America

Pulmuone noodle pack sales skyrocket in America

Korean fresh food company Pulmuone is seeing positive results in the American market with its Asian noodle products. According to the company, Tuesday, annual gross sales of its noodle packs have skyrocketed, increasing six-fold in four years to record over $30 million. Pulmuone adopted the strategy of putting a strong emphasis on product quality, placing premium fresh noodle...

Kim Jae-heun | 2020-03-27 18:02

Coupang's value 'remains strong'

Coupang's value 'remains strong'

Some experts consider Coupang, South Korea's top-tier online retail platform operator, as an “unprofitable company.” However, it is still attracting investors and expanding its services, helping it maintain solid corporate value.

Kim Yoo-chul | 2020-03-27 16:21

Shinsegae and E-Mart seek structural improvements for new future

Shinsegae and E-Mart seek structural improvements for new future

The last few years have been hell for retailers such Shinsegae and its subsidiary E-Mart. Shinsegae is a department store franchise that owns the world's largest department store in Centum City, Busan, and E-Mart is the largest retailer in Korea. They both enjoyed their heyday until 2010, when customers started to moving more and more towards shopping online.

Kim Jae-heun | 2020-03-26 09:55

BTS agency's listing face hardships

BTS agency's listing face hardships

Everything seemed to be going well for Big Hit Entertainment and its plan to go public this year as their peak estimated valuation on the stock market was estimated at 6 trillion won ($48.19 billion). Just two years ago, their enterprise value hovered between 1.28 trillion won and 2.28 trillion according to a 2018 report by the Hyundai Research Institute (HRI). However, thank...

Kim Jae-heun | 2020-03-24 18:36

Will Celltrion, Samsung BioLogics team up for COVID-19 treatment?

Will Celltrion, Samsung BioLogics team up for COVID-19 treatment?

Celltrion and Samsung BioLogics are expected to team up for the future production of any treatment developed to treat the COVID-19 pandemic.

Nam Hyun-woo | 2020-03-24 16:43

'COVID-19 outbreak to shed new light on lab-free diagnostics'

'COVID-19 outbreak to shed new light on lab-free diagnostics'

YONGIN, Gyeonggi Province - With the global COVID-19 outbreak, the field of diagnostics is garnering unprecedented attention, as countries struggle to keep up with the fast spread of the deadly virus.

Nam Hyun-woo | 2020-03-24 08:28

Dongwon F&B red ginseng extract gaining popularity amid immune system concerns

Dongwon F&B red ginseng extract gaining popularity amid immune system concerns

Dongwon F&B's red ginseng extract products are gaining popularity as there is an increasing need to maintain a healthy immune system due to the spread of COVID-19, the company said Monday.

Baek Byung-yeul | 2020-03-23 17:51

Sales of luxury goods increase amid virus spread

Sales of luxury goods increase amid virus spread

The new coronavirus situation here is not getting any better with more cases recorded over the weekend; but this has not stopped certain people from shopping for luxury goods. On Saturday afternoon, customers wearing face masks queued in front of almost every luxury brands outlet, including Louis Vuitton, Gucci and Cartier, at Times Square in the Yeongdeung District of wester...

Kim Jae-heun | 2020-03-22 20:58

'Big three' retailers eyes on top position through M&A

'Big three' retailers eyes on top position through M&A

The so-called “big three” retailers here - Lotte Shopping, Shinsegae Group and Hyundai Department Store - have been struggling to keep their customers who are rapidly moving to online platforms.

Kim Jae-heun | 2020-03-22 20:45

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