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The Korea Herald

Retail & Consumer

September 19, 2018
Lotte, Shinsegae in race to acquire Ministop

[THE INVESTOR] Korean retails giants Shinsegae and Lotte are vying to acquire 100 percent stake in Ministop Korea, local unit of the Japan-based convenience store operator, according to industry sources on Sept. 19. The parent companies of Emart24 and 7-Eleven declined to elaborate details of the...
September 19, 2018
Marriott to open 3 more Select brand hotels in Korea

[THE INVESTOR] Marriott International said on Sept. 19 it will open three more Select-Service brand hotels in Korea by next year to meet the growing demand from tourists seeking more affordable accommodation options. The company currently operates 21 hotels in South Korea, and nine of them -- ...
September 17, 2018
Memebox launches new brand Kaja with Sephora in US

[THE INVESTOR] Memebox announced on Sept. 14 that it has launched a new K-beauty brand Kaja with US-based multi-brand cosmetics store operator Sephora. LVMH-owned Sephora, which has over 2,300 online and offline outlets in 33 countries, and Memebox signed a partnership deal in August and the new ...
September 17, 2018
GS Retail unveils ‘smart convenience store’

[THE INVESTOR] GS Retail said it opened a “smart convenience store” using a face recognition system and other technologies on Sept. 17. The company launched its convenience store chain GS25 outlet at the headquarters of LG CNS, the information technology arm of LG Group, in Seoul as a test b...
September 14, 2018
Fast Retailing’s GU launches first Korean store

[THE INVESTOR] Fast Retailing, which owns Japan’s fast fashion brand Uniqlo, opened the first Korean store of its budget brand GU on Sept. 14 as the company moves to expand the presence of the smaller brand in the global market. The company said 40 “GU advisors” will work at the 1,388-squar...
September 13, 2018
Subway refutes charges of mistreating Korean franchisee

[THE INVESTOR] US-based sandwich franchise operator Subway on Sept. 13 refuted allegations that it mistreated a franchisee in Korea by making unreasonable demands. According to the Fair Trade Commission, a franchisee, who operated a store near Seoul for about five years, has filed a civil complai...
September 12, 2018
Bodyfriend resumes plans to go public

[THE INVESTOR] Korean premium massage chair brand Bodyfriend has resumed its process of going public, which was suspended last month when the Financial Services Commission started reviewing the company’s 2015-2016 accounting report, according to sources on Sept. 12 . “We are not in a hurry, but...
September 12, 2018
Decathlon to launch first Korean store this week

[THE INVESTOR] France’s sports retailer Decathlon said Wednesday it will open its first Korean store near Seoul next week amid a growing popularity of sportswear products in the country. The 7,800-square-meter outlet, located in Songdo, west of Seoul, will open on Sept. 15, along with its Kor...
September 11, 2018
Paris Baguette showcases robots at its bakeries

[THE INVESTOR] Paris Croissant, operator of Korea’s leading bakery chain Paris Baguette, said on Sept. 11 that it has launched a test operation of robots at its outlets as local retailers to accelerate the push for automation. According to the company, seven Paris Baguette outlets in Seoul be...
September 10, 2018
Lotte vice chairman meets Indonesia’s president

[THE INVESTOR] The chief executive of retail giant Lotte’s holding company met with Indonesian President Joko Widodo discuss ways to strengthen their bilateral ties, the company said on Sept. 10. Lotte Group Vice Chairman Hwang Kag-gyu, who co-represents Lotte Corp., met the Indonesian leader...
September 07, 2018
Hotel Shilla CEO visits Ctrip HQ to strengthen partnership

[THE INVESTOR] Hotel Shilla CEO Lee Boo-jin on Sept. 5 visited Chinese online travel firm Ctrip’s headquarters in Shanghai to discuss cooperation before the holiday season. The major Chinese holidays -- Mid Autumn Festival and National Day Holiday -- last from Sept. 22 to Oct. 7. “Our top exe...
September 05, 2018
Coupang appoints Doug Inamine as head of global HR

[THE INVESTOR] Coupang announced on Sept. 5 that it has appointed Doug Inamine as senior vice president of its global human resources department. “I’m very excited to be part of Coupang’s aggressive growth and innovation plans as it continue to be an e-commerce leader in Korea,” Inamine said ...
September 04, 2018
Woongjin Thinkbig shares plunge on Coway acquisition plans

[THE INVESTOR] Shares of Woongjin Group’s education and publishing unit have been on a downward spiral since it announced plans to acquire Coway, a water purifier company. The group announced on Aug. 31 that its subsidiary Woongjin Thinkbig would be acquiring Coway, and not its holding firm....
September 03, 2018
Expedia faces disgruntled customers in Korea

[THE INVESTOR] Despite efforts to expand its presence here, US online travel company Expedia Group is facing complaints from Korean customers who aren’t happy with its services. In August, Expedia held a media event to celebrate its seventh anniversary in Korea. At the time, Gabriel Garcia -- ...
September 02, 2018
Innocean secures major foreign clients as it strives to expand overseas presence

[THE INVESTOR] Innocean Worldwide Inc., one of South Korea‘s leading advertising agencies, said on Sept. 2 that it is steadily securing major foreign clients that can help it become a global player going forward. The company said its U.S. affiliate David & Goliath (D&G) won a contract from C...

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