SEOUL, Oct. 24 (Korea Bizwire) — South Korean retail giants are stepping up efforts to secure rare premium wines as the domestic wine market is growing at a rapid pace. Lotte Department Store recently hired a string of professional wine sommeliers specialized in sourcing premium foreign wines differentiated from the other wines popular in the [...]
SEOUL, Oct. 21 (Korea Bizwire) — SPC Group chairman apologized Friday for the death of a young worker at a bread-making factory amid a boycott campaign against the South Korean food and beverage giant. The 23-year old employee was killed on Saturday after her upper body was caught in a sauce mixer at the factory [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s retail industry is enjoying a surge in sales of Halloween-related items ahead of the Halloween weekend. Discount retailer Emart Inc. saw annual sales of Halloween items rise by more than 20 percent every year from October 2019 to October 2021. By generation, the consumer base has expanded [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korean food conglomerate CJ CheilJedang Corp. said Tuesday it has launched two seaweed-based snacks for customers in Europe and Japan, as part of its drive to expand globally. Seasoned seaweed, known as “gim” in Korean, is a staple in Korean cuisine used to make kimbap or consumed as [...]
SEOUL, Oct. 18 (Korea Bizwire) — As people in their 20s and 30s, who value special experiences, emerge as the main consumer group for the alcoholic beverage market, brand-new beverages with differentiated value such as distilled soju and beer from craft breweries are rising to the top of sales rankings. Convenience store chain GS25 analyzed [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea’s leading beverage maker Hite Jinro Co. said Monday its flavored soju is being sold at 17 Costco stores in the United States amid the company’s increased efforts to penetrate the U.S. market. Since the company made its products available at the Costco Yonkers branch in New York, [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea’s retail giants are invigorating efforts to dominate the second-hand transaction market, and this focus is expected to accelerate further with Naver Corp. poised to make an entry. The internet portal giant is reviewing the idea that its recently acquired Poshmark Inc., a U.S. social commerce platform specializing [...]
SEOUL, Oct. 11 (Korea Bizwire) — BAT Rothmans, the Korean arm of British American Tobacco, claimed Tuesday its tobacco heating device glo can reduce health risks of traditional cigarettes in a move to convince lawmakers and the public to ease regulations on e-cigarettes. Glo is a tobacco heating product brand produced by British American Tobacco [...]
SEOUL, Oct. 6 (Korea Bizwire) — U.S. burger franchise Five Guys Burgers and Fries is coming to Seoul next year, Galleria department store said Thursday. The luxury retailer owned by Hanwha Solutions said it inked an initial agreement with the Virginia-based burger chain Wednesday to operate the Five Guys brand in South Korea. The first [...]
SEOUL, Oct. 4 (Korea Bizwire) — With the Korean won plunging to record lows against the US dollar, discount store chains are scrambling to find ways to limit price increases for imported food products. Emart Inc. has been following changes in exchange rates in real-time, purchasing imported products with the exporting country’s currency. As a [...]