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E-Mart Strays Away from Core Business Strategy

E-Mart Strays Away from Core Business Strategy

SEOUL, May 3 (Korea Bizwire) — E-mart is straying from its traditional hypermarket business strategy in an effort to seek further growth. The company is opening up smaller-scale brick and mortar stores, and allocating its private brand (PB) products to other supply channels. “Hypermarkets are currently stuck at lower growth rates, and we’re trying to secure [...]

Korean Government to Re-examine Humidifier Disinfectant Case

Korean Government to Re-examine Humidifier Disinfectant Case

SEOUL, May 2 (Korea Bizwire) — The Korean government announced that it will re-examine potential health damages to the respiratory system and other organs from humidifier disinfectants. The Ministry of Environment’s Humidifier Disinfectant Investigations Committee revealed that it will study the possibility of rhinitis, bronchitis, and other potential non-pulmonary damages resulting from humidifier disinfectants, and [...]

South Korean Retail Giants Eye Overseas Push

South Korean Retail Giants Eye Overseas Push

SEOUL, March 3 (Korea Bizwire) – South Korea’s retail giants, faced with cut-throat competition in the rapidly saturating domestic market, are turning their attention to overseas markets in conjunction with small and mid-sized businesses to secure a new growth driver, industry watchers said Thursday. The country’s three major retail conglomerates – Shinsegae Group, Lotte Group [...]

Emart Announces Collaboration with SM Entertainment

Emart Announces Collaboration with SM Entertainment

SEOUL, March 2 (Korea Bizwire) – Emart has announced that it will launch private brand products created in collaboration with SM Entertainment. The products will be sold at Emart Mall and 140 Emart stores nationwide from March 3. The new products include EXO Jajangmyeon (jajang-flavored instant noodles), Super Junior Habanero Ramen Noodles, TVXQ Truffle Rose [...]

Herbicidal Components Detected in German Beer

Herbicidal Components Detected in German Beer

SEOUL, Feb.29 (Korea Bizwire) – Retailers are biting their nails with news spreading quickly that herbicides have been detected in 14 popular German beers. The timing couldn’t have been worse, as the popularity of imported beer is soaring at large discount stores and convenience stores. According to those in distribution industry, domestic retailers are checking [...]

Online and Offline Retailers Square Off in Baby Formula Price War

Online and Offline Retailers Square Off in Baby Formula Price War

SEOUL, Feb.28 (Korea Bizwire) – With price wars between large discount stores and social commerce sites heating up, baby formula is in the limelight. As formula is being purchased more frequently through online sites, the share of offline sales is rapidly falling. This is the main reason why large discount stores such as Emart and [...]