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The Korea Herald

Retail & Consumer

November 20, 2018
LG H&H injects W30b in Ginza Stefany to expand presence in Japan

[THE INVESTOR] LG Household & Health Care has injected 30 billion won (US$26.58 million) in its subsidiary Ginza Stefany to expand its presence in Japan, according to industry sources on Nov. 20. The company will reportedly buy 60,000 newly issued shares of Ginza Stefany to fund the investment. ...
November 20, 2018
[INTERVIEW] Hotels.com out to secure leadership position in Korea

[THE INVESTOR] Hotels.com, a subsidiary of US online travel company Expedia Group, is looking to step into a leadership position in Korea by investing more in technology innovation, a top executive recently told The Investor in an exclusive interview. “We would like to move from being a challeng...
November 20, 2018
Korean duty-free sales soar 29% in Oct.

[THE INVESTOR] Sales at Korean duty-free stores rose 28.6 percent on-year last month, industry data showed on Nov. 20. Sales of local duty-free operators came to US$1.44 billion in October, according to the data compiled by the Korea Duty Free Shops Association. The combined duty-free sale...
November 19, 2018
E-mart to open stores in Philippines

[THE INVESTOR] E-mart, Korea’s leading discount chain operator, said on Nov. 19 its stores dedicated to selling the company’s private-label products will open in the Philippines as it moves to expand its global presence. E-mart signed an agreement with Robinsons Retail to open 25 No Brand ou...
November 16, 2018
Local PEF emerges as 2nd largest shareholder of Hanjin KAL

[THE INVESTOR] Local private equity fund KGCI has become the second-largest shareholder of Hanjin KAL, operator of the country’s largest airline Korean Air, seen as a challenge to the management of the troubled firm. KGCI announced on Nov. 15 it has acquired 5,322,666 shares or 9 percent stake i...
November 15, 2018
CJ CheilJedang to acquire Schwan’s for $1.84 b

[THE INVESTOR] Korean food giant CJ CheilJedang on Nov. 15 announced that it is set to acquire US food processor Schwan’s after board approval. The company will acquire 80 percent stake for around US$1.84 billion, while making sure that the remaining shares do not get sold to a third party throu...
November 14, 2018
Global PR Summit kicks off on Nov. 23 in Seoul

[THE INVESTOR] Global PR Summit, an event on public relations and corporate communications, will take place on Nov. 23 at the Grand Hyatt in Seoul, marking the first ever Asian edition. The interactive summit will include presentations on the latest trends in PR and corporate communications, with...
November 13, 2018
Able C&C acquires Mefactory for W32b

[THE INVESTOR] Korean cosmetics firm Able C&C announced on Nov. 13 that it will acquire its smaller crosstown rival Mefactory for 32.4 billion won (US$286.14 million). Mefactory, established in 2014, is well known for its flagship product c3-Step Premium Piggy Nose Strip. In 2016, it launched new...
November 12, 2018
JYP founder likely to gain W18b from exercising preemptive rights

[THE INVESTOR] K-pop powerhouse JYP Entertainment founder and Chief Communications Officer Park Jin-young is expected to gain more than 18 billion won (US$15.88 million) by exercising his preemptive rights to buy extra shares, according to sources on Nov. 12. According to Financial Supervisory Se...
November 09, 2018
Mirae, Naver acquire logistics centers in Vietnam for W53b

[THE INVESTOR] Seoul-based Mirae Financial Group and Naver have acquired two logistics centers in Vietnam for 53 billion won (US$47.01 million), according to industry sources on Nov. 9. The two companies acquired the logistics centers in Yen Phong Industrial Park, located near Hanoi, through thei...
November 08, 2018
Samsung affiliate acquires Hyundai building for W30.5b

[THE INVESTOR] Samsung Medical Foundation has acquired a building owned by Hyundai Green Food in Jongno, Seoul, for 30.5 billion won (US$27.28 million), according to industry sources on Nov. 8. The Seojin Building is in the vicinity of Kangbuk Samsung Hospital, operated by Samsung Medical Foundat...
November 08, 2018
LOTTE Members signs MOU with Sahid Hotel

[THE INVESTOR] LOTTE Members, operator of membership reward service L.POINT, on Nov. 8 announced that it has signed a memorandum of understanding with Sahid Hotel in Indonesia. The Indonesian firm operates 28 hotels, including seven five-star hotels, and aims to operate 100 hotels by 2025. “As ...
November 07, 2018
CJ CGV’s Vietnam unit drops plans to go public

[THE INVESTOR] CJ CGV Vietnam Holdings on Nov. 7 announced that it has dropped its plans to go public. “We conducted a demand forecast for listing but found that it would be difficult for our company to get a proper valuation (that we expected),” a CJ CGV official said in a statement. As the...
November 07, 2018
Blue Bottle to open store in Seoul next year

[THE INVESTOR] Blue Bottle Coffee, an upscale US coffee chain operator, said on Nov. 7 that it will open its first Korean shop in Seoul in the second quarter of next year. It said the new cafe will open in Seoul’s eastern Seongsu neighborhood, a trendy hangout spot where young artists and des...
November 06, 2018
Hotel Lotte kicks off operations of new unit in Russia

[THE INVESTOR] Hotel Lotte on Nov. 5 announced that it has started operating a new five-star hotel in Samara, Russia. Lotte Hotel Samara has 193 rooms and its suite room spans 145 square meters, the biggest in the area. It also has a banquet hall with a capacity of 1,400 people. “With this laun...

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