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Food Makers Tipped to Have Logged Solid Q2 Earnings on Pandemic-related Demand

Food Makers Tipped to Have Logged Solid Q2 Earnings on Pandemic-related Demand

SEOUL, July 10 (Korea Bizwire) — South Korea’s food makers are estimated to have recorded sharply higher operating profits in the second quarter as the new coronavirus outbreak boosted demand for ready-to-eat meals, a poll showed Friday. The combined operating profit by CJ Cheiljedang Corp., Nongshim Co., Orion Corp., Ottogi Co. and Samyang Foods Co. [...]

Sales of Weight Training Equipment Soar as S. Korean Women Embrace Body Positivity

Sales of Weight Training Equipment Soar as S. Korean Women Embrace Body Positivity

SEOUL, July 10 (Korea Bizwire) — An increasing number of South Korea women are bulking up to stay healthy rather than striving to have a slim shape. Gmarket, an online shopping mall run by eBay Korea, announced on Thursday that sales of muscle-building equipment purchased by female customers in the one-month period starting on June [...]

Cosmetics Makers’ Q2 Profits Tipped to Have Fallen 20 pct amid Pandemic

Cosmetics Makers’ Q2 Profits Tipped to Have Fallen 20 pct amid Pandemic

SEOUL, July 9 (Korea Bizwire) — South Korea’s major cosmetics makers are forecast to have seen their operating profits fall nearly 20 percent in the second quarter from a year ago as sales at duty-free shops faltered amid the coronavirus pandemic, a poll showed Thursday. The combined operating profits of Amorepacific, LG Household & Health [...]

S. Korean Shipbuilders’ New Orders Tumble 67 pct in H1 as Pandemic Hits Demand

S. Korean Shipbuilders’ New Orders Tumble 67 pct in H1 as Pandemic Hits Demand

SEOUL, July 9 (Korea Bizwire) — New orders won by South Korea’s shipbuilders tumbled 67 percent in the first half of the year from a year ago as the coronavirus pandemic ravaged demand, industry data showed Thursday. In the first half of this year, South Korean shipbuilders’ new orders came to 1.18 million compensated gross [...]

Pet-related Consumption on the Rise, Led by Antibiotic-free Snacks

Pet-related Consumption on the Rise, Led by Antibiotic-free Snacks

SEOUL, July 8 (Korea Bizwire) — Market Kurly, a rapidly growing online grocery delivery platform, announced on Tuesday that its analysis of companion animal-related consumption for the first half of this year showed that sales of antibiotic-free snacks rose sharply. At Market Kurly, antibiotic-free jerky made of the tenderloin of home-grown duck meat topped the [...]

Discount Warehouses Continue to Grow Despite Coronavirus Pandemic

Discount Warehouses Continue to Grow Despite Coronavirus Pandemic

SEOUL, July 8 (Korea Bizwire) — Unlike shopping malls struggling in the aftermath of the onset of the coronavirus pandemic, discount warehouses are seeing continuous growth. E-Mart Traders, a major discount warehouse chain, saw sales jump by 21.9 percent in the period from January to May compared to the same period last year. The company [...]