SEOUL, July 29 (Korea Bizwire) — GS Retail Co., a major South Korean retailer, said Thursday it had developed a new blockchain-based product information service called B-Link. B-Link uses blockchain technology to manage information on the production, distribution and consumption of specific products such as foods and manufactured goods. When it comes to agricultural products, [...]
SEOUL, July 28 (Korea Bizwire) — Starbucks Korea offered an apology Thursday over a toxic chemical substance found in its giveaway bags in a move to assuage safety concerns of customers. The move came after a user of an anonymous community app called Blind claimed earlier this month that formaldehyde was found on Starbucks’ “summery [...]
SEOUL, July 28 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, launched its new plant-based canned ham product Thursday as it is pushing to expand its plant-based meat brand to ordinary customers. Shinsegae Food had so far supplied its cold-cut ham business through such channels as Starbucks coffee chain [...]
SEOUL, July 21 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, said Thursday it will set up a U.S. subsidiary next month in the latest move to boost its competiveness in plant-based meat alternatives. Shinsegae Food said it will spend US$6 million on setting up Better Foods Inc., a [...]
SEOUL, July 18 (Korea Bizwire) — South Korean food conglomerate CJ Cheiljedang on Monday said it has set plant-based food as the company’s new growth engine, with a sales target of 200 billon won (US$151.9 million) by 2025. Its main target is overseas markets, CJ said, and it aims to generate 70 percent of its [...]
SEOUL, July 14 (Korea Bizwire) — Hankook Tire & Technology Co., the world’s sixth-largest tiremaker by sales, said Wednesday it will make and sell more of the limited edition footwear produced by using recycled tires through a collaboration with domestic startup Treadngroove as the existing inventory had sold out. The two companies jointly produced a [...]
SEOUL, July 12 (Korea Bizwire) — South Korean food company Fresheasy said Tuesday its meal-kit products will be made available on three Singapore e-commerce platforms — Shopee, Lazada and Qoo10 — as it tries to expand its market presence in Southeast Asia. Fresheasy is a South Korean food startup that makes ready-to-eat meal products of [...]
SEOUL, July 11 (Korea Bizwire) — The Seoul city government on Monday announced plans to develop and install unmanned digital terminals and kiosks for the elderly, people with disabilities and digitally vulnerable people in a bid to cope with the digital divide problem. The city government said it will first develop unmanned terminals by year’s [...]
SEOUL, July 11 (Korea Bizwire) — Southeast Asia is becoming a new battleground for South Korean convenience store chains, with local brands rushing to open stores in countries such as Malaysia and Vietnam. Local convenience store chain GS25′s operator, GS Retail, said Monday it has joined hands with Malaysian retail conglomerate KK Group to make [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s major retailers are stepping up marketing efforts with a focus on price competitiveness with high inflation showing no sign of abating. GS Retail Co.’s online shopping store GS Fresh Mall promoted about 30 different items through the ‘Everyday Good Price’ event from July 1 to 8. Sales [...]