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The Korea Herald

Retail & Consumer

September 12, 2024
OB acquires Jeju Soju, eyes bigger presence abroad

Korea’s largest beer maker Oriental Brewery is seeking to expand its presence in the global soju market amid the rising popularity of the nation’s traditional rice liquor around the world. According to the company, OB, owned by Belgian brewing giant Anheuser-Busch InBev, has decided to acquire J...
September 11, 2024
Starbucks Reserve celebrates 10th anniversary in Korea

Starbucks Korea said Wednesday it has renovated an old house built in the 1960s to open a new Starbucks Reserve Roastery in Jangchung-dong, Jung-gu, central Seoul, Thursday. Starbucks Korea has set up a few special stores where customers can have novel experiences in distinct settings. The new roa...
September 09, 2024
APR’s Medicube, Aprilskin brands enter UK market

Korean beauty brands Medicube and Aprilskin have officially entered the UK market, South Korean beauty tech company APR announced Monday. The two brands are now available through London-based K-beauty retailer Pureseoul, which operates both online and in physical stores in prime shopping districts...
September 04, 2024
Golfzon launches hybrid indoor golf course in China

Golfzon, Korea's leading screen golf operator, said Wednesday that it launched its new City Golf hybrid indoor course in Tianjin, China. This new platform offers an 18-hole golf experience by merging virtual screen golf with actual greens, under the motto "a premium golf course that can be enjoyed...
September 03, 2024
Innocean to sponsor Pharrell William’s auction event

Innocean, a South Korean marketing communications agency under Hyundai Motor Group, announced Tuesday that it will serve as the main sponsor for the South Korean debut of Joopiter, the digital auction platform founded by global music and fashion icon Pharrell Williams. An exhibition of its latest ...
September 01, 2024
Hankook Tire makes cultural push to connect with younger customers

Hankook Tire has launched a series of cultural projects to connect with younger consumers and communicate the brand's value in a fresh way. This summer, the tire maker launched a 10-day pop-up event at Surfyy Beach in Yangyang, Gangwon Province, where visitors enjoyed tire-themed attractions like ...
August 28, 2024
CJ Olive Young's discount event start Friday

South Korea's largest beauty retailer CJ Olive Young said Wednesday the company will reduce the price of over 10,000 products by up to 70 percent for a week from Friday. The company has opened doors for the nation's smaller cosmetic makers. Olive Young plans to offer large discounts on numerous Ko...
August 28, 2024
APR's Mediheal seeks bigger footing in US, Canada

South Korean beauty tech company APR, known for its Mediheal brand, announced Wednesday that it has signed a supply agreement with The TJX Companies, a global retail giant operating nearly 5,000 stores across nine countries, including the United States and Canada. With this agreement, Mediheal's p...
August 27, 2024
Franchises account for 70% of Korean chicken eateries: data

Crispy, double-fried, and an inseparable companion to cold beer, fried chicken is South Korea's beloved go-to snack for everything from sports viewing to late-night hangouts. But the country's $5.7 billion fried chicken industry, the world's third largest behind the United States and China, is sho...
August 26, 2024
Homeplus achieves strong sales increase with summer promotion

South Korean discount chain Homeplus said Monday it saw a significant sales increase during it latest promotional event, which featured discounts on meat, vegetables and fruit, targeting peak demand in the summer vacation season. The event, which ran from July 25 to Aug. 11, resulted in growth acr...
August 25, 2024
Dongsuh enhances marketing strategy for instant coffee leadership

Korean food and beverage manufacturer Dongsuh Foods said Sunday it is ramping up marketing efforts to retain its unrivaled leadership in the nation’s instant coffee market. The company has topped instant coffee sales over the last three decades with its flagship Maxim Mocha brand. More recently,...
August 21, 2024
CJ's Bibigo dumplings to hit shelves in New Zealand

CJ CheilJedang is boosting its presence in Oceania with its Bibigo K-food product line, recording a 51 percent on-year increase in its food product sales in the region during the second quarter this year. The company announced Wednesday the fresh launch of Bibigo mandu to New World and Pak'nSave, ...
August 20, 2024
Amorepacific's Hera debuts in Thailand

South Korean cosmetic giant Amorepacific announced Tuesday that its high-end beauty brand Hera has entered the Thai market. Hera opened its first store in Central Chidlom, a stylish 7-story department store in Bangkok, earlier this month. Over 200 guests, including media representatives and influe...
August 18, 2024
Per-customer spending at duty-free shops hits 5-year low

The average purchase amount per customer at duty-free shops in South Korea has been steadily declining, largely due to shifting trends among Chinese tourists and losing their appeal to domestic customers, data showed on Sunday. According to data compiled by the Korean Duty-Free Shop Association, t...
August 16, 2024
Fila Holdings continues growth in Q2, boosted by US golf unit Acushnet

South Korean sports apparel firm Fila Holdings reported a jump in second-quarter profits, driven by robust performance from its golf equipment subsidiary and strong brand momentum abroad. According to its recent earnings report Friday, its revenue rose 2.5 percent year-on-year to 1.18 trillion won...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099