SEOUL, Oct. 4 (Korea Bizwire) — South Korean food and beverage giant SPC Group said Tuesday it has opened three new Paris Baguette bakery stores in France’s capital city of Paris this year, as it eyes expansion in the European country. The company said it opened two new stores in the business area of La [...]
SEOUL, Oct. 3 (Korea Bizwire) — GS Group’s convenience store chain GS25 said Monday it has opened its 100th outlet in Mongolia since its entry into the East Asian country 16 months ago. GS25 aims to expand the number of outlets in Mongolia to more than 500 by 2025 by launching more customized food products. [...]
SEOUL, Sept. 28 (Korea Bizwire) — Retail sales in South Korea marked the largest on-year growth so far this year in August on the back of the increase in people’s outdoor activities amid eased antivirus curbs and preparations for the Chuseok holiday, data showed Wednesday. The combined sales of 25 major offline and online retailers [...]
SEOUL, Sept. 28 (Korea Bizwire) — GS Retail Co. said Tuesday it will start the trial operation of a gold bar vending machines at five locations including two GS25 convenience stores. The vending machines will sell five different types of gold products by weight ranging from 1.875 grams to 75 grams, as well as commemorative [...]
SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Thursday it will establish a logistics center furnished with a variety of advanced facilities at the Incheon International Airport’s second logistics complex. The company and the Incheon International Airport Corp. signed an agreement to build and operate a [...]
SEOUL, Sept. 21 (Korea Bizwire) — South Korea’s major department store chains are actively adding more luxury brand shops specializing in men’s wear, women’s wear and shoes amid higher demand for luxury goods. Galleria Department Store, for instance, recently opened a Dior shoe shop at its Luxury Hall in southern Seoul, while Shinsegae Department Store [...]
GWANGMYEONG, Sept. 14 (Korea Bizwire) — IKEA Korea said Wednesday its sales fell 10 percent in this fiscal year in the first decline after entering South Korea in 2014 as more customers held back spending on home furnishing goods amid eased virus restrictions. The South Korean arm of the Swedish furniture maker said it logged [...]
SEOUL, Sept. 13 (Korea Bizwire) — Convenience stores, open even during the holidays, are seeing rising sales of pharmaceuticals and parcel delivery services. CU, South Korea’s top convenience store chain, saw sales of essential drugs jump by 16.5 percent in 2018 and 10.5 percent in 2019 during the four-day Chuseok fall harvest holiday. This year, [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korea’s camping industry generated about 6.3 trillion won (US$4.55 billion) in sales last year, with the number of registered campgrounds estimated at 2,703, and both figures marked positive year-to-year growth thanks to the rising popularity of camping in the post-pandemic era. According to the Ministry of Culture, Sports [...]
SEOUL, Sept. 2 (Korea Bizwire) — A civic group filed a complaint against Starbucks Coffee Korea on Friday in connection with giveaway picnic bags found to contain toxic chemicals. The company came under fire in July after formaldehyde, a carcinogen, was detected in “summer carry bags,” which it provided to customers who purchased 17 drinks [...]