THE INVESTOR

▶주메뉴 바로가기

▶본문 바로가기

The Korea Herald

Retail & Consumer

March 19, 2024
IKEA to invest $327 mln for expansion in S. Korea

Ingka Group, the owner of most IKEA stores, aims to bring prices back to "inflation-adjusted" pre-pandemic levels by the end of next year. Ingka Group has 379 stores in 31 countries. The total number of IKEA stores, including Ingka's, around the world reaches 471 in 63 markets. Globally, the unli...
March 18, 2024
Dyson founder visits Seoul to unveil new hair dryer

Other new features include the “pause detect” mode, which senses when the device is put down and automatically turns off the heat and motor to save energy. When the user picks up the device again, it turns back on to full operation. Dyson also included attachment learning technology for its upgr...
March 15, 2024
Nongshim earns over 50% of its profit from overseas on K-food hype

The sales and operating profit of South Korea's top ramyeon maker Nongshim hit all-time highs last year thanks to the popularity of ramyeon products in foreign markets, the company said Friday. The company’s operating profit in 2023 jumped by 89.1 percent from a year earlier to reach 212 billion ...
March 14, 2024
Alibaba pledges $1.1b investment for Korea expansion

Alibaba Group, the company of Chinese e-commerce giant AliExpress, renowned for its budget-friendly offerings, plans to invest more than $1 billion in Korea over the next three years, with a massive distribution center being built within the year. According to industry sources on Thursday, Alibaba...
March 14, 2024
AliExpress lures Korean food companies with hefty incentives

AliExpress, the Chinese e-commerce platform owned by Alibaba Group, has been reaching out to Korean food companies to diversify its product range and gain more recognition among Korean consumers. Following South Korean food giant CJ CheilJedang, which joined the Chinese platform early this month, ...
March 14, 2024
China's Alibaba plans to invest $1.1 bln in S. Korea

China's Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics center and expand businesses. As part of the investment plan, the Chinese e-commerce giant plans to spend $200 million this year to build the logistics center, according to...
March 13, 2024
Yanolja launches US office amid IPO push

Korean travel platform operator Yanolja announced the opening of its first US office in Manhattan, New York, on Wednesday. The move aims to accelerate its North American travel solutions business, coinciding with growing anticipation for the company's potential listing on the US stock market this y...
March 12, 2024
[KH Explains] Coupang's Farfetch gambit: Was the deal undervalued?

Market reshaping According to Bain and Company's 2024 report, the global luxury goods market posted 4 percent growth in sales in 2023 compared to a year ago. But business uncertainty persists, with mixed signals coming from key markets such as China, the US and Europe. The luxury e-commerce marke...
March 11, 2024
Daesang launches new K-snack lineup for global palates

South Korean food company Daesang has unveiled its new Korean Street Food product line through its international brand, O'food. According to the company on Monday, the launch signals a strategic push to adapt and expand the company’s offerings to meet the growing global appetite for Korean cuisin...
March 11, 2024
Coupang expands overseas direct purchase service to Japan

South Korean e-commerce giant Coupang announced Monday that it will expand its Rocket Jikgu service coverage to Japan, following its fast-delivery service launches for the US, China and Hong Kong. The expansion of Rocket Jikgu, an overseas direct purchase service, will now allow the direct purchas...
March 10, 2024
China's AliExpress, Temu gobbling up Korean market

Chinese e-commerce platforms, equipped with ultracheap deals, have been gobbling up market share from domestic rivals here. Even as local retailers suggest there has been no serious impact from the Chinese surge, they can be seen ramping up their readiness. According to market tracker Wiseapp, the...
March 08, 2024
Vine Group wraps up 2024 winter youth English camps

South Korean education provider Vine Group announced Thursday that its Sollute study abroad program has successfully concluded its 2024 winter vacation youth English camps. The winter vacation English camp, which attracted 141 participants, took place throughout January and February, lasting eithe...
March 07, 2024
3 Five Guys stores in Seoul rank in global top five for weekly sales

By Hwang Joo-young ( flylikekite@heraldcorp.com )
March 06, 2024
Samyang to ramp up ramyeon production for US exports

Korean food manufacturer Samyang Foods on Wednesday held a groundbreaking ceremony for its new plant in Milyang, South Gyeongsang Province, as the company aims to capitalize on the growing global popularity of its spicy ramyeon brand, the Buldak series, especially in the US market. The new plant, ...
March 06, 2024
Dong-A Otsuka pledges ‘zero plastic’ on 45th anniversary

Korean beverage maker Dong-A Otsuka on Tuesday announced its “zero plastic” goal, renewing its commitment to sustainable management on the company's 45th anniversary. Under the new goal, the company aims to increase the use of sustainable plastic by 50 percent by 2030 and complete a 100 percent ...

11 12

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

FAMILY SITE GO

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