SEOUL, July 13 (Korea Bizwire) — South Korea’s retail industry is on alert with anticipation of the World Health Organization (WHO) designating aspartame as a carcinogen. Discount retailer Emart Inc. plans to replace the current artificial sweetener used in its five varieties of No Brand zero-calorie cola and sparkling ade, as well as its six [...]
SEOUL, July 13 (Korea Bizwire) — Lotte Duty Free, the travel retailer of Hotel Lotte Co., said Thursday it has opened a duty-free shop at Australia’s Melbourne Airport and aims to boost annual sales to 300 billion won (US$235.4 million). In January, Lotte Duty Free won a concession to operate at a spot at Melbourne [...]
SEOUL, July 11 (Korea Bizwire) — Hyundai Home Shopping Network Corp. said Monday it will be releasing the second episode of its entertainment-style “deal commerce” program, hosted by actor Kwon Hyuk-soo, on its official YouTube channel. The concept of deal commerce was introduced in April as the industry’s first program based on the idea of [...]
SEOUL, July 10 (Korea Bizwire) — Hyundai Department Store Co. said Monday it will open the first official Disney store in South Korea near Seoul this week. The 264-square-meter Disney store in Pangyo, just south of Seoul, is set to open Tuesday, offering around 300 types of official Disney products that have never been introduced [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s major department stores are turning to the food business as part of efforts to defend against deteriorating performance resulting from an economic slump and contraction in consumption. Shinsegae Department Store has launched a complete renovation of the food court in its Gangnam outlet for the first time [...]
SEOUL, July 6 (Korea Bizwire) — Jinro, one of the most popular Korean soju brands, has been named this year’s Supreme Brand Champion by a British magazine, Jinro’s maker said Thursday. Jinro won the accolade in the annual report issued by The Spirits Business, according to HiteJinro Co. This is the first time Jinro has [...]
SEOUL, July 5 (Korea Bizwire) — McDonald’s Korea said Wednesday it will expand the number of its stores in South Korea to 500 by 2030 as it unveiled its new burger for this year. The South Korean unit of the U.S. fast-food giant will open eight new drive-thru stores this year, 10 more ordinary stores [...]
SEOUL, July 5 (Korea Bizwire) — As domestic TV home shopping channels continue to struggle with a declining number of viewers, efforts are underway to retain viewers for as long as possible. In April, GS Shop introduced a special 20-minute program called “Late Night Hot Deal” during its Saturday prime time show, featuring a range [...]
SEOUL, July 3 (Korea Bizwire) — Japanese products are making significant strides in the imported beer market. Previously, Japanese beers experienced a significant decline in market share due to product boycotts, allowing Chinese and Dutch beers to claim the top two spots for the last couple of years. The popularity of Japanese beer is evident [...]
SEOUL, June 29 (Korea Bizwire) — Innocean Worldwide Inc., a major South Korean advertising agency, said Wednesday it will open an instant noodles pop-up store featuring “ramyeon” (Korean instant noodles) at Siam Discovery in Bangkok, Thailand. The pop-up store will operate for five weeks, from now until July 31, and will showcase a selection of [...]