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Fri, July 1, 2022 | 00:48
CJ CheilJedang to expand business in America with instant rice 'hetbahn'
CJ CheilJedang is seeking to continue its success story in the United States, after the successful launch of its dumpling, by introducing ready-to-eat rice “hetbahn” to American consumers in August, company officials said Thursday.
LG H&H pivots to N. America to offset falling China sales
LG Household & Health Care (LG H&H) is shifting its focus to the North American cosmetics market to diversify its business portfolio, while cutting its heavy reliance on the Chinese market, with which it grew explosively until last year, according to company officials, Thursday.
Will AmorePacific, LG H&H see sales rebound in 2nd quarter?
Expectations are growing for AmorePacific and LG Household & Health Care (LG H&H) to achieve higher sales in the second quarter, as Korea's two largest cosmetics makers benefit from the easing of COVID-19 restrictions after two years, according to industry analysts, Wednesday.
Delivery workers worry about losing their jobs
A 32-year-old delivery worker surnamed Lee said that working as a delivery driver has been a source of income for people like him who do not have permanent jobs. “But after the government decided to lift most of the quarantine measures in the country, we became worried that we might lost our jobs due to fewer people ordering food online.”
Retailers beef up marketing after lifting of COVID-19 measures
Supermarkets, department stores and other retailers are bracing for the post-pandemic era as the government lifts most social distancing measures, according to company officials, Tuesday. Additionally, they are hiring more workers and boosting marketing activities as more people return to stores.
Kering chairman praises Lotte Department Store's corporate culture
Kering Chairman Francois Henry Pinault spoke highly of Lotte Department Store by saying he “has never seen any other global retailer with such experience (in the luxury business)” during his visit to Seoul last week, according to Lotte officials, Monday.
Retailers stop overnight delivery as Korea moves toward endemic stage
A growing number of e-commerce companies are ending their costly overnight delivery services as the nation recovers from the COVID-19 pandemic, according to company officials, Monday.
McDonald's, Lotteria plagued by potato shortages
McDonald's Korea and Lotteria are suffering from potato shortages, scrambling to replace their French fries with chicken nuggets or cheese sticks due to climate change and supply chain problems amid the COVID-19 pandemic, according to company officials, Friday. More consumers, as a result, are expressing frustrations over the changes, as both hamburger franchises have been ch...
E-commerce firms' explosive growth comes to end
Local e-commerce companies are starting to see their sales growth stagnate this year, amid intensifying competition as more firms enter the rapidly growing online retail sector, according to industry analysts, Friday. E-commerce operators had previously been growing by at least 20 percent to 30 percent each year, but the rate was found to have slowed to 12 percent in February...
Is Genesis BBQ chief out of touch with reality?
Genesis BBQ's chairman is raising eyebrows for his remark in a recent interview with a Japanese news outlet that his fried chicken restaurant chain aims to beat McDonald's and become the world's top franchise.
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