SEOUL, Aug. 22 (Korea Bizwire) — With the relentless summer heat persisting, there has been a rapid surge in the number of people frequenting indoor shopping venues. During the period from Aug. 1 to 15, Hyundai Department Store observed a 13 percent increase in sales across its 16 stores nationwide compared to the previous year. [...]
SEOUL, Aug. 18 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, is consistently losing market share in the domestic parcel delivery service due to the active attraction of individual customers by e-commerce giant Coupang Inc. As per CJ Logistics’ half-year report, the company secured a share of 44.3 percent in the [...]
SEOUL, Aug. 17 (Korea Bizwire) — A range of new plant-based bread products from Shinsegae Food Inc., a food business arm of retail giant Shinsegae Group, are receiving a positive market response. According to the company, the Better Meat Pizza Bread, which was launched at bakery sections within E-Mart Inc. outlets last month, is averaging sales of [...]
SEOUL, Aug. 16 (Korea Bizwire) — As the demand for plant-based milk alternatives continues to surge within the food industry, there’s news that even the Coca Cola Beverage Co. is poised to make its entry into this market. The realm of alternative milk, crafted from plant-based ingredients such as oats, is witnessing heightened attention from [...]
SEOUL, Aug. 13 (Korea Bizwire) — Cosmax Inc., South Korea’s major cosmetics manufacturer, said Sunday its factory jointly built with Yatsen Holdings has begun operations in Guangzhou, China. Cosmax set up a joint venture, Yatsen Biotechnology, with the New York-listed Chinese Yatsen in 2020, and began construction of the 60,593-square-foot factory, Asia’s biggest cosmetics factory. [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s top instant noodle maker Nongshim Co. said Friday its net profit jumped more than 60 percent in the second quarter from a year earlier largely thanks to stronger demand for instant noodles amid high inflation and growth in overseas markets. Net profit for the three months ended [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean cosmetics and household goods maker LG H&H Co. said Thursday its Toothbrush Diet Project had won the top prize in the packaging design category at the Red Dot Design 2023 awards. Through the incorporation of a lengthened handle and purposeful gaps between the handle and the body [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean beverage giant Lotte Chilsung Beverage Co. said Thursday it will launch an online game featuring Kaerubang, the flagship character from its hangover relief brand Kaesugang, and will operate it until September 7. In this game, Kaesuang characters take on and overcome hangover-spreading villains to accumulate points. These [...]
SEOUL, Aug. 11 (Korea Bizwire) – Cost-effective large drinks are gaining popularity in South Korea as high inflation places a burden on consumers. Last month, Starbucks Korea introduced the Trenta size (887 milliliters) beverages, and their cumulative sales surpassed 400,000 units within just 15 days. The Trenta size is about 1.5 times bigger than the [...]
SEOUL, Aug. 3 (Korea Bizwire) — Kyochon 1991, one of South Korea’s major fried chicken franchises, opened its first store in Taiwan on Thursday as part of its efforts to expand its global business, its operator said. The store at Banqiao Global Store in New Taipei City will serve its popular menu, as well as [...]