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Faced with mounting criticism from shareholders, South Korean entertainment powerhouse S.M. Entertainment announced on May 31 that it will consider handing out dividends for the first time since it went public in 2000. The agency’s decision came after its third- and fourth-largest stakeholders KB...
“Parasite,” the winner of the Palme d’Or at the 2019 Cannes Film Festival, has not only become a source of national pride but also a boon for its investors. The movie, the seventh from director Bong Joon-ho, is expected to hit screens May 30 and the attention surrounding the award -- a first fo...
South Korea’s leading e-commerce platform cafe24 announced on May 27 that it has signed a partnership deal with short video mobile app TikTok. TikTok is a popular video platform which allows users to create and share 15-second videos. The service is currently available in 150 different countrie...
Kurly, operator of grocery delivery platform Market Kurly, on May 24 announced that it has secured an additional 35 billion won investment from China-based Hillhouse Capital in its series D round. In April, 100 billion won funding was provided by Kurly’s existing investors including Sequoia Capit...
GS Home Shopping, a leading home shopping channel operator here, said May 26 that it has invested $1.2 million in Luxstay, a Vietnamese home-sharing platform that targets the Southeast Asian market. The deal marks GS Home Shopping’s second such investment in an e-commerce startup based in Viet...
The ubiquitous toys of domestic toy seller Sonokong range from the megahit transformation car-robots “Turning Mecard” to “Sofy Ruby” (also spelled Sophie Ruby), an ordinary girl on an adventure to save a prince stuck inside a sketchbook. To buy the latest item in the Hello Carbot or Turning M...
CJ Cheiljedang said on May 23 that the US private equity fund Bain Capital has invested $320 million in its American unit. Bain Capital will acquire a 27 percent stake in CJ Cheiljedang’s wholly owned subsidiary CJ Food America, an affiliate of the South Korean food and entertainment conglomer...
Hot Toys, a maker of collectible figures from popular movies, has voluntarily revised its pricing policy on its figures after being probed by South Korea’s antitrust regulator, an official said on May 9. The Hong Kong-based company was accused of forcing Korean retailers not to sell their figu...
The number of personal mugs and tumblers used at Starbucks stores nationwide has nearly tripled since the coffee franchise introduced a discount program for users of reusable cups a year ago in accordance with a government-initiated environmental campaign, officials said on May 7. Starbucks and...
Shinsegae International on May 3 announced that it has launched new coworking space “Scale Up” for startups in the lifestyle-related industry in Cheongdam-dong, southern Seoul. In April, the company decided to establish this coworking space for startups along the lines of its business model bas...
Blue Bottle Coffee will officially debut in Seoul later this week, a South Korean affiliate of the upscale US coffee chain operator said on April 30. The new cafe will open in Seoul’s eastern Seongsu neighborhood -- a trendy hangout spot where young artists and designers renovated existing bui...
South Korean massage chair maker Bodyfriend announced on April 26 that it has decided to officially drop its recent plans to go public. The decision came after it failed to get preliminary screening approval by the Korea Exchange, which the massage chair maker filed for in November last year as pa...
South Korean cosmetics giant Amorepacific said on April 29 that its first-quarter net profit dipped 31 percent from a year earlier on increased costs. Net profit reached 122 billion won ($106 million) on a consolidated basis during the January-March period, compared with 177 billion won for the...
Hera, a luxury beauty brand under Korean cosmetics giant Amorepacific, has launched a limited-edition collection in collaboration with Italian fashion brand Au Jour Le Jour, the firm said on April 28. The collection features an urban-chic concept that reanalyzes the retro trend, according to the c...
Branded pop-up stores play an increasingly important role in South Korea’s retail scene as a source of creativity, innovation and brand new consumer experience. Many customers associate pop-ups with an experience different from what they expect from conventional brick-and-mortar stores. “If t...
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