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Hyundai Motor’s Genesis US push challenged by Trump’s tariff hike: sources
Oasis confirms first Korean concert in 16 years
North Korean leader ‘convinced’ dialogue won’t change US hostility
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
Naver Webtoon promises creative freedom, responsible webtoon platform
Two jailed for forcing disabled teens into prostitution
Japan confirms vice-ministerial level figure attending Sado mine memorial
Daewoo E&C chair honored in India for boosting bilateral economic ties
South Korean military plans to launch new division for future warfare
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Dongduk Women’s University halts coeducation talks
SK chief underlines power of 'design thinking' amid global uncertainties
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Hanjin inks partnership with DHL to boost logistics competitiveness
Hanwha Ocean drops police complaint against HD Hyundai in destroyer contract bid
OpenAI in talks with Samsung to power AI features, report says
Defense ministry denies special treatment for BTS’ V amid phone use allegations
AmCham seminar discusses US-Korea trade outlook for Trump’s 2nd term
Seoul shares rise nearly 1% to top 2,500 on foreign buying
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[Newsmaker] Department stores and big supermarkets start QR code scans as cases rise
Jul 30, 2021
Department stores and big supermarkets will start requiring customers to scan QR codes or submit to written entry logs to shop starting from Friday in an effort to stop the spread of COVID-19. The measure was drawn up and confirmed by the Central Disaster and Safety Countermeasures Headquarters on Tuesday as a way to strengthen COVID-19 prevention efforts as cases continue to rise in South Korea. Stores that are bigger than 3,000 square meters are required to adopt a QR entry log system, while
Blue Bottle Coffee arrives in Jeju
Jul 30, 2021
US-based coffee roaster and retailer Blue Bottle Coffee opened a store on Jeju Island on Friday. The opening of the ninth location in South Korea also marks the first store to be located outside of Seoul. Dubbed Blue Bottle Jeju Cafe, the new outlet is located in Songdang-ri, Gujwa-eup of Jeju City, on the western side of the island. The newly opened store reflects the regional traits of the island both in the space and on the menu, opting for low walls and a minimalistic interior design with
Nongshim announces price hike for instant noodles
Jul 29, 2021
South Korean food and beverage company Nongshim announced Thursday plans to increase the price of its flagship instant noodles including Shin Ramyun by an average of 6.8 percent starting mid next month. Nongshim last hiked ramen prices in 2016. The latest move comes after rival ramen maker Ottogi announced earlier this month its first price hike in more than 11 years. When broken down by brand, Nongshim’s flagship Shin Ramyun will see a 7.6 percent increase in price while the prices of
Orion’s accumulated revenue in Russia surpasses W1tr
Jul 29, 2021
Orion, a South Korean confectionery company widely known for Choco Pie, said on Thursday its cumulative revenue had reached 1 trillion won ($873 million) in Russia. The trillion-won threshold was broken after the company racked up 50.6 billion won in sales for the first six months combined this year, following the precedents in China and Vietnam. Efforts to create localized new products, as well as a wide range of biscuits and its popular Choco Pie, tapped into Russia’s dessert culture a
South Korean instant noodle exports hit record high
Jul 26, 2021
Efforts behind recent rise in popularity date back decades
Businesses get mixed signals amid heat waves, toughest social distancing rules
Jul 21, 2021
Delivery services, grocery shopping enjoy surges in popularity while department stores, tourism industry fret over stricter social distancing
Sales of Hite Jinro soju triple in Thailand
Jul 21, 2021
Sales of Hite Jinro’s soju products in Thailand reached $1.55 million in the first half of 2021, up 210 percent from the corresponding period last year, said the South Korean liquor maker on Wednesday. Hite Jinro is the longtime provider of some of the oldest soju brands in South Korea, including Jinro, Chamisul and, recently, Jinro Is Back. Since its pledge to globalize soju in 2016, the liquor maker has made various efforts to expand soju’s presence in the Southeast Asian coun
Lotte Food aims to double canned ham exports
Jul 20, 2021
South Korean food company Lotte Foods is expanding the exports of its canned ham products with a goal of doubling the profit from ham exports this year, the company said Tuesday. Lotte Foods said it achieved $9.4 million from exporting a total of 1,111 tons of canned ham in 2020 -- accounting for almost half of the country’s total ham exports at 2,249 tons in the year. As of June this year, the company had exported 921 tons of its canned ham products, accounting for 51 percent of the
E-Land Group appoints younger CEOs in push for online sales
Jul 19, 2021
New shakeup reflects a push to appeal to younger consumers
Emart24 introduces unmanned alcohol vending machine
Jul 18, 2021
Emart24 is introducing an artificial intelligence-based alcohol vending machine that would support its fully unmanned operation of convenience stores, the company said Sunday. Installed at its store headquarters in Seongdong-gu in Seoul, the machine looks like a drink refrigerator and requires customers to scan a QR code issued from a mobile app to verify their age before making purchases. Payment is only deducted after the customer takes out the alcoholic beverage from the fridge and close
Ottogi to hike instant noodle prices by 12%
Jul 16, 2021
South Korean food manufacturing company Ottogi announced on Friday it will raise its instant ramen prices by an average of 11.9 percent from next month. The company cited rises in ingredient prices, including flour and palm oil, as well as the increasing labor costs as reasons behind the decision. The decision to hike the ramen prices comes more than 13 years after the company‘s last price rise back in April 2008. Jin Ramen, one of the Ottogi’s flagship instant noodle products, w
Over 1 in 3 delivery workers in 20s and 30s, CJ Logistics says
Jul 15, 2021
More than 1 in 3 of delivery workers of CJ Logistics, the industry’s largest, are in their 20s and 30s, the company’s data showed Thursday, contrary to the popular perception that couriers come from older generations. Some 8,100 delivery workers fall under the age groups, accounting for 37 percent of some 22,000 delivery workers. The findings are based on an analysis of its staff during the first half of this year. Once considered a “job for older men,” the company exp
CU opens convenience stores in Mongolian int'l airport
Jul 15, 2021
South Korea's major convenience store chain CU said Thursday it has launched two stores in a new international airport in Mongolia as part of efforts to boost its presence in the country. CU said the company has become the first South Korean convenience store chain that has established outlets in the New Ulaanbaatar International Airport. The sole international airport in Mongolia, which opened on July 1 and is also known as Chinggis Khaan International Airport, is about 50 kilometers from the
More convenience stores close after midnight amid rising labor costs
Jul 14, 2021
1 in 5 convenience stores now closed after midnight
First-generation e-commerce platform Interpark up for sale
Jul 13, 2021
Interpark seeks new owner, following footsteps of eBay Korea
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