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Reporter : Kim Jae-heun
Wed, October 20, 2021 | 03:48
Retail giants make major changes in response to shopping trends
Korea's retail giants are accelerating measures to improve their business structures and cope with online shopping trends. Lotte and Shinsegae are the two major firms battling for the title of the No. 1 retailer here. However, the pandemic has brought strong new rivals onto the scene: Coupang, Naver and Market Kurly.
'Living with COVID-19' policy raises expectation for liquor businesses
Local brewery companies and liquor traders are hoping to see a rebound in the fourth quarter of this year, with the government pointing to possible implementation of a “Living with COVID-19” strategy that will ease social distancing measures nationwide.
LG, Vogue discuss sustainable fashion
In the ongoing pursuit for sustainable fashion, industry leaders in Poland gathered to bring greater awareness to climate issues and the importance of doing business responsibly at this year's Business Fashion Environment (BFE) Summit, under the theme, “New Beginning: Rethinking Sustainability.”
Starbucks Korea to improve working conditions for staff
Starbucks Korea has decided to hire 1,600 more employees to allay mounting complaints voiced by existing workers over heavy workloads. It also promised to adopt a new wage system and improve working conditions for its employees.
Tencent increasing investments in Korea amid China regulation
China's IT giant Tencent is investing more into the Korean game sector amid the Chinese government's continued regulation on its game industry.
[ANALYSIS] Pandemic spurs sales of luxury goods, counterfeits
When COVID-19 first exacted damage upon the Korean economy in February 2020, no one expected the luxury goods market here to experience a boom. Under the government's strict quarantine measures, people have been forced to stay home. As well as restaurants, coffee shops and department stores, luxury boutiques were restricted from operating after 9 p.m. Opening hours for busine...
Woowa Bros. befuddled by increasing consumer dissatisfaction with Baemin
Woowa Brothers, the company that operates the country's largest food delivery app, Baedal Minjok (Baemin), has been receiving the highest percentage of consumer dissatisfaction for its service among local food delivery apps.
FTC asked to speed up process of Korean Air-Asiana Airlines acquisition
Korea's airline industry is expecting travel demand to boom again after more than a two-year slump due to the COVID-19 pandemic as the government takes steps to initiate a phased return to normal starting from the second week of next month.
[Reporter's Notebook] Rising popularity of K-food
Korean food has been one of the biggest cultural products to surf the Korean wave to global popularity. However, no one could have expected instant noodles and dumplings made by Korean firms to please foreign palates over mainstays like bibimbap and bulgogi.
National Assembly audits fail to summon retail CEOs
The CEOs of major retail firms here failed to show up at the annual National Assembly audits, where they could have faced tough questions regarding controversial issues their companies have been involved in over the past year.
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WooriBank
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LG Pra.L
samsungfire
emart
LG
LG DIOS
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