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The Korea Herald

Retail & Consumer

January 02, 2019
E-Land redeems loans from Anchor Equity Partners, Meritz Financial

[THE INVESTOR] Cash-strapped E-Land Group has redeemed all its loans from Anchor Equity Partners and Meritz Financial Group, according to industry sources on Jan. 2. Anchor Equity Partners had established a special purpose company in December 2017 and invested 200 billion won (US$224.14 million) ...
December 31, 2018
Korea bans plastic bags at supermarkets

[THE INVESTOR] Korea will ban supermarkets and retailers nationwide from using disposable plastic bags from January, government officials said on Dec. 31. The ban will come into effect as part of a revised law on conserving resources and encouraging the reuse of recyclable waste. Subject t...
December 28, 2018
KT&G’s cosmetics unit to open new stores in US

[THE INVESTOR] KT&G said on Dec. 28 that its cosmetics unit Cosmocos is seeking to tap the US market by opening more shops in New York. Cosmocos, formally Somang Cosmetics, was acquired by the Korean tobacco firm in 2011 to strengthen the beauty business via its multi-brand outlets Beauty Credit...
December 16, 2018
CJ chief calls for rapid global expansion

[THE INVESTOR] Korean food-to-entertainment conglomerate CJ Group Chairman Lee Jay-hyun urged CJ retailers to work aggressively to expand their business globally, reiterating the corporate vision of becoming the world’s No. 1 lifestyle and culture company. According to CJ, Lee presided over a me...
December 16, 2018
Innisfree lands in Melbourne

[THE INVESTOR] South Korean cosmetics giant Amorepacific’s organic skincare brand Innisfree opened a new store in Melbourne, the third of its kind in Australia. It comes six months after the company has opened the first store in Australia, amid local consumers’ increasing interest toward the K-...
December 12, 2018
Samsung C&T President Lee Seo-hyun likely to resign

[THE INVESTOR] Lee Seo-hyun, president of Samsung C&T ’s fashion division, is likely to step down from her post in an annual year-end reshuffle scheduled for this week, according to news reports on Dec. 12. She is the second daughter of Samsung Group Chairman Lee Kun-hee, and Samsung Electroni...
December 12, 2018
IMM Investment, JKL Partners acquire GS ITM

[THE INVESTOR] Korea-based IMM Investment and JKL Partners are set to acquire GS ITM, a subsidiary of GS Group, according to industry sources on Dec. 12. The consortium has signed an agreement to buy 80 percent stake in GS ITM, currently owned by the Korean conglomerate’s owner family, before th...
December 11, 2018
Former MP Group chairman quits management

[THE INVESTOR] Former MP Group Chairman Jung Woo-hyun officially conveyed to the Korea Exchange on Dec. 11 that he will no longer be involved in its management. His submission to the bourse operator also noted that the biggest shareholders and two owner family members will take their hands off th...
December 11, 2018
Ananti shares soar on Jim Rogers’ appointment

[THE INVESTOR] Shares of Ananti, a Korean resort developer, soared on Dec. 11 on news that the company has appointed Jim Rogers, a prominent American investor, as a non-executive director. Ananti shares jumped almost 25 percent to 12,300 won (US$10.90) in morning trading. The developer has annou...
December 10, 2018
E-mart acquires Good Food Holdings for US$275m

[THE INVESTOR] E-mart, Korea’s largest discount chain operated by Shinsegae, announced on Dec. 7 that it will acquire US food retailer Good Food Holdings for US$275 million. The US-based firm owns three food retailing brands -- Bristol Farms, Lazy Acres and Metropolitan Market-- with 24 stores i...
December 07, 2018
Yuanta to invest W200b in E-Land affiliate

[THE INVESTOR] Taiwan-based Yuanta Securities plans to invest 200 billion won in E-World, an affiliate of Korean retail giant E-Land Group, according to sources on Dec. 7. The company will reportedly issue convertible bonds to receive the funds. It plans to mainly use the funds to further expand...
December 07, 2018
Lotte to increase investments in Indonesia

[THE INVESTOR] The head of Lotte Group said on Dec. 7 it will increase investments in Indonesia for win-win synergies between the two countries. During a groundbreaking ceremony of a Lotte chemicals plant in Indonesia, Lotte Group Chairman Shin Dong-bin said the group will invest aggressively ...
December 06, 2018
Lotte Shopping injects W400b to spruce up new outlet

[THE INVESTOR] Lotte Shopping announced on Dec. 5 that it has injected 400 billion won (US$357.43) to spruce up its new premium outlet in Giheung, Gyeonggi Province, which is set to open on Dec. 6. “We project that the new outlet will reach break-even point after a year. We are also hoping to re...
December 05, 2018
Online shopping hits record high in Oct.

[THE INVESTOR] The total value of online shopping in Korea reached a record high in October, government data showed on Dec. 5. Total online transactions reached 10.04 trillion won (US$9.03 billion) in October, up 36 percent, or 2.65 trillion won, from a year earlier, according to the data comp...
December 05, 2018
MP Group likely to be delisted from KODAQ

[THE INVESTOR] MP Group, which owns Korean pizza franchise Mr. Pizza, is likely be kick out of the second-tier KOSDAQ bourse, according to news reports on Dec. 5. Bourse operator Korea Exchange has preliminarily decided to delist MP Group, although another committee will take a final decision by ...

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