SEOUL, March 22 (Korea Bizwire) — Lotte Shopping Co. said Wednesday that it will begin construction of a fulfillment center later this year in South Korea’s southeastern port city of Busan, using technology from Britain’s Ocado Group Plc., as part of the retail giant’s efforts to strengthen its e-grocery business. Set to be built by [...]
SEOUL, March 21 (Korea Bizwire) — Kooksoondang Brewery Co. said Tuesday its annual exports hit a record high last year thanks to the growing global popularity of the Korean traditional liquor “makgeolli.” Makgeolli is a traditional Korean rice liquor known for its cloudy, milky appearance. The Korean brewer said it posted US$10.7 million in exports [...]
SEOUL, March 19 (Korea Bizwire) — E-Mart Inc. said Sunday that whisky sales at the outlets of South Korea’s leading discount store chain exceeded sales of the country’s distilled liquor soju in the January-February period. Demand for whisky soared among younger people, known as the “MZ Generation,” as they currently view drinking whisky, which was [...]
SEOUL, March 18 (Korea Bizwire) — Hotel Shilla, Shinsegae DF and Hyundai Department Store Duty Free were shortlisted for duty-free licensing at Incheon International Airport, the airport operator said Friday. Incheon International Airport Corp. announced the result of the first round of assessment of bids for the five duty-free zones at the nation’s main airport, [...]
SEOUL, March 10 (Korea Bizwire) — South Korea’s drug safety ministry said Thursday it has brought charges against a butterbeer maker and sellers, claiming that the beer does not contain any butter. The Ministry of Food and Drug Safety issued an advance notice to Brewguru, the maker of the butterbeer Beurre Biere, saying that the [...]
SEOUL, March 7 (Korea Bizwire) — Emart24, the convenience store arm of South Korean discount retailer Emart Inc., made waves last year when it offered expensive luxury goods such as diamonds, Mercedes-Benzes, and BMWs. Now, the company is back with more exotic offerings, including high-end karaoke machines and BMW Mini Coopers. Emart24 said Monday it [...]
SEOUL, March 6 (Korea Bizwire) — South Korea’s first Five Guys burger restaurant is set to open in Gangnam, southern Seoul, by late June, its operator said Monday. The store set to open in the bustling commercial district near Gangnam Station, will have up to 150 seats, according to Galleria Department Store owned by Hanwha [...]
SEOUL, March 2 (Korea Bizwire) — GS25, the convenience store chain run by GS Retail Co., has reintroduced the “Kim Hye-ja” lunchbox six years after production ceased. The low-priced lunchbox was originally promoted by actress Kim Hye-ja, spearheading the lunchbox boom at South Korean convenience stores. Since it was released in September 2010, 40 different [...]
SEOUL, March 2 (Korea Bizwire) — After establishing a presence in the online payment market to foster loyal customers for their platforms, South Korea’s major retailers are now attempting to make their payment solutions available through offline channels. Gmarket’s Smile Pay is now available at Shinsegae Group’s offline stores after the company was acquired by [...]
SEOUL, Feb. 27 (Korea Bizwire) — China’s state-run duty-free operator, China Duty Free Group Co. (CDFG), has participated in the license bidding at Incheon International Airport, industry sources said Monday. Four South Korean companies — Lotte Hotel, Hotel Shilla, Shinsegae and Hyundai Department Store Duty Free — have also submitted bids for a ten-year license [...]