SEOUL, Nov. 15 (Korea Bizwire) — CJ Onstyle, a home shopping unit of South Korean food and entertainment giant CJ Group, announced that it had recently formed a partnership with Google Inc. to start supplying live commerce content on YouTube. The move is a part of the company’s efforts to expand its viewer base towards [...]
SEOUL, Nov. 10 (Korea Bizwire) — Department stores have reported strong sales thanks to the increase in outdoor activities resulting from the lifting of social distancing rules, but smaller stores have seen their sales stagnate. The nation’s retail sales amounted to 408.4 trillion won in the January to September period of this year, up 7.4 [...]
SEOUL, Nov. 9 (Korea Bizwire) — KT&G Corp., South Korea’s dominant tobacco company, said Wednesday it will add all-new heat-not-burn products in the domestic market to diversify its cigarette-focused lineup. KT&G will release the lil ABLE heat-not-burn, or smokeless tobacco products, and its premium version lil ABLE PREMIUM initially for local customers on Nov. 16, [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea’s convenience store chains are testing a variety of technologies, running some fully unmanned stores and hybrid (unmanned night operations) stores in a smart store format. A good example of this is CU’s artificial intelligence (AI) face recognition kiosk. Once users register their face and customer information at [...]
SEOUL, Nov. 7 (Korea Bizwire) — Food company Daesang Corp. said Monday it has formed a joint venture with a Polish fermented food maker as the South Korean maker tries to expand the traditional fermented vegetable dish globally. Daesang said it has agreed on a 76-24 joint venture called “Daesang ChPN Europe” with Charsznickie Pola [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s retail industry is releasing a string of small-sized food products targeting consumers who eat smaller amounts of food after dividing larger dishes into smaller portions. Convenience store chain GS25 released two different types of “cup bap,” or cup rice, a quick and cheap meal served in a [...]
SEOUL, Oct. 31 (Korea Bizwire) — Sales of zero-calorie drinks are on the rise in the post-pandemic era as more people from the younger generation look after their health. Convenience store chain CU reported a more than 15-fold increase in sales of zero-calorie beverages this year compared to 2019, up by 112.5 percent from last [...]
SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]
SEOUL, Oct. 28 (Korea Bizwire) – Lotte Confectionery Co., a major South Korean snacks and ice cream maker, said Thursday it is holding a broad promotional campaign in foreign countries like Kazakhstan, Taiwan, the Philippines and Singapore ahead of Pepero Day. Pepero, the brand’s longtime best seller, is a thin cookie stick with an outer [...]
SEOUL, Oct. 25 (Korea Bizwire) — Cigarette maker Philip Morris International Inc. said Tuesday it will launch the new IQOS ILUMA e-cigarette heating device next month, as competition heats up in South Korea’s growing non-combustible tobacco market. The IQOS ILUMA is the latest heatable e-cigarette device from the U.S. tobacco maker in three years. The [...]