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Biz & Tech

Retail & Food

Tue, January 26, 2021 | 21:39

Pulmuone to expand food business in Vietnam

Pulmuone to expand food business in Vietnam

Since its entry into the Vietnamese market in December 2019, local food firm Pulmuone has established a foreign branch office in Hanoi and been expanding its business through local retailers. As of the third quarter of 2020, its accumulated sales had reached 51.61 million won ($46,850), quadruple the figure for the previous quarter.

Kim Jae-heun | 2021-01-25 16:50

CJ-Keistone Partners deal talks collapse

CJ-Keistone Partners deal talks collapse

The country's largest multiplex cinema chain CJ CGV is looking for new investors to take over its theater business after its sale talks with private equity fund (PEF) Keistone Partners were suspended.

Kim Jae-heun | 2021-01-25 14:17

Exports of red pepper paste surge 35.2% in 2020

Exports of red pepper paste surge 35.2% in 2020

South Korean exports of red pepper paste jumped more than 35 percent in 2020 from a year earlier thanks to the global popularity of Korean pop culture, known as the Korean Wave, data showed Monday. Overseas shipments of red pepper paste, called "gochujang" in Korean, came to US$50.93 million last year, up 35.2 percent from a year earlier, according to the data by the Korea Ag...

2021-01-25 13:12

Outback raises prices again to prepare for sale

Outback raises prices again to prepare for sale

U.S. Australian-themed casual dining restaurant chain Outback Steakhouse has raised its prices again, in an attempt to maximize its profitability and put the company up for sale. This is drawing criticism from the public as the restaurant chain failed to notify customers in advance.

Kim Jae-heun | 2021-01-24 16:37

Uniqlo to make breakthrough with Jil Sander

Uniqlo to make breakthrough with Jil Sander

Japanese casual wear brand Uniqlo is hoping to make its breakthrough here with a collaboration with Jil Sander.

Kim Jae-heun | 2021-01-21 18:32

Gov't hit for ambiguous countermeasures on retailers

Gov't hit for ambiguous countermeasures on retailers

The government's recent anti-COVID-19 countermeasures imposed on local retailers are being criticized for their ambiguity. According to the quarantine authorities, all restaurants in the capital area must close for walk-in customers at 9 p.m. from Aug. 30 to Sept. 6 and they can only make food for takeout or delivery until 5 a.m.

Kim Jae-heun | 2021-01-21 18:32

Can Chung's personal social media marketing succeed?

Can Chung's personal social media marketing succeed?

Vice Chairman of Shinsegae Group Chung Yong-jin has recently been enjoying popularity on Instagram where he shares posts on his personal life and company products. On Saturday, Chung uploaded a video hinting at his debut as a YouTuber. The caption below read “YJ Log (Yong Jin's vlog) will be revealed next week.”

Kim Jae-heun | 2021-01-21 18:31

Korean red ginseng sales boom amid pandemic

Korean red ginseng sales boom amid pandemic

Korean red ginseng, which is known for boosting immunity, has become a popular product in the era of COVID-19 where people are vulnerable to the fast-spreading virus.

Kim Jae-heun | 2021-01-21 18:30

Lotte hit for transferring workers to fill vacancy at logistics

Lotte hit for transferring workers to fill vacancy at logistics

Lotte Group is embroiled in a controversy for requesting a temporary transfer of employees from its subsidiaries to its logistics firm, where it is falling short of workers ahead of the Lunar New Year next month.

Kim Jae-heun | 2021-01-21 18:30

Lotte's dwindling revenues attributed to failure to embrace innovation

Lotte's dwindling revenues attributed to failure to embrace innovation

The country's top four conglomerates Samsung, Hyundai, SKand LG have succeeded in finding new sources of revenue amid the COVID-19 pandemic, but No. 5 Lotte Group has suffered a continued decline in profitability in key businesses.

Kim Hyun-bin | 2021-01-21 09:24

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