▶주메뉴 바로가기
▶본문 바로가기
The National Pension Service of Korea said on Nov. 14 it will vote in favor of Fila Korea ’s plan to turn into an intermediate holding company and split off its Korean operation under its umbrella. NPS, the world’s third-largest pension fund by assets under management, is Fila Korea’s second-...
Korean cosmetics giant and private equity firms are considering acquiring global cosmetics brand Physiogel, which is known for its moisturizers, according to industry sources Nov. 13. In June, global pharmaceutical company GlaxoSmithKline decided to sell Physiogel as part of its plan to restructur...
China’s Singles’ Day, the country’s biggest shopping blitz created by e-commerce giant Alibaba, hit another record on Nov. 11, selling goods worth 84 billion yuan ($12 billion) in the first hour, jumping 22 percent from the same period a year ago. In the first 10 hours, it sold goods amounting ...
South Korean cable TV operator D’Live is hoping to sell Cube Entertainment, the agency behind K-pop signers BTOB and (G)I-dle, according to industry sources Nov. 11. The company has picked EY Han Young to organize its sale. According to sources, Korean cosmetics company VT GMP, a Chinese enterta...
Haimarrow Food Service, a local hamburger franchise operator, announced on Nov. 5 that is has decided to sell 57.85 percent stake held by its Chairman Jung Hyun-sik. The PEF will also acquire 1,283,949 shares of convertible bonds after conducting due diligence over the next few weeks, according to...
Philip Morris Korea announced Nov. 4 that it has launched a project to push forward its vision of a smoke-free future in Daegu City and Gyeongbuk region. The ‘Smoke-Free City’ project will last until the end of this year. “Smoke-free future is not just simply a motto of our company’s vision,”...
The total value of goods purchased via online shopping in South Korea rose 22.3 percent in September from a year earlier, government data showed Nov. 4. The total value of online transactions reached 11.18 trillion won ($9.6 billion) in September, the highest level for any October since Statist...
South Korea’s once-lucrative duty-free industry revealed poverty in the midst of plenty last week when Doosan said it was shutting down its duty-free stores, following in the footsteps of Hanwha Group. The combined sales of all duty-free shops reached 2.24 trillion won ($1.93 billion) in Septembe...
A top executive of tobacco giant Philip Morris International said the company plans to continue leading the heat-not-burn cigarette market and ultimately realize its vision for a smoke-free future. “We are trying to lead continuous innovation with more than 400 scientists and research and develop...
Retail sales in South Korea edged up in September on-year on the back of sharp growth from online players, data showed Oct. 30. The combined sales of 26 major offline and online retailers reached 11.4 trillion won ($9.7 billion) last month, up 2.7 percent from a year earlier, according to the d...
Korean beauty giant Amorepacific is likely to shut down its luxury skincare brand Sulwhasoo outlet located at Galeries Lafayette department store in Paris due to low sales, according to sources on Oct. 24. “We are currently considering making some changes to Sulwhasoo’s portfolio in France. We h...
Philip Morris Korea on Oct. 23 announced the launch of its upgraded version of heat-not-burn product iQOS 3 DUO. “I am strongly confident that the new innovative features of iQOS 3 DUO will further solidify PMI’s vision for a smoke-free future in Korea by contributing to switching more adult smo...
E-Land Group on Oct. 16 announced that it has decided to join hands with South Korean unicorn startup Viva Republica, the creator of mobile financial service platform Toss. E-Land World, the de facto holding company of the group, will participate in the fintech startup-led consortium to start an i...
The loss-making Korean unit of China-based household goods chain brand Miniso announced Oct. 14 that it plans to aggressively expand the number of its outlets to 300 by 2023 under its new owner, Business Insight. Business Insight has announced that its wholly owned subsidiary Retail Insight bought...
Samsung C&T said Oct. 15 that it aims to accelerate the global expansion of its fashion brand Beanpole. Celebrating its 30th anniversary, Beanpole announced its renewal move to rebrand as a “heritage” brand that embraces South Korea‘s unique culture. “Beanpole will be reborn as a herita...
HS Hyosung to showcase advanced carbon fiber in US
US’ new export controls to have little impact on Korean businesses: ministry
[HIT Forum] AmCham chief highlights Korea-US ties in shifting dynamics
[HIT Forum] 'Government, companies should team up to brace for US policy changes'
[HIT Forum] Korean CEOs urged to adopt long-term perspective on lobbying
[HIT Forum] Strategic lobbying critical for Corporate Korea: top Washington lobbyist