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 [...]
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 [...]