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[THE INVESTOR] Korean beauty startup B2LiNK announced on Dec. 3 that it has secured 17 billion won (US$15.27 million) from domestic and foreign investors. “We will use the money for establishing units in the US, South America and Europe, to expand our overseas business,” said B2LiNK CEO Lee So-...
[THE INVESTOR] Nature Republic, a Korean cosmetics firm, said on Dec. 3 it has opened four pop-up stores in Italy as it moves to its expand presence in overseas markets. It has signed an agreement with local department chain operator Coin to operate the outlets in Rome, Milan, Torino and Bari....
[THE INVESTOR] South Korean full-service carrier Asiana Airlines has completed the first phase of advancement for its system for Flight Operational Quality Assurance, the company said Dec. 2. FOQA refers to a process of collecting and analyzing data from flights to improve safety and efficiency o...
[THE INVESTOR] Akaria Hanmi, a joint venture between Korean construction management company HanmiGlobal and Saudi Arabian property developer Al Akaria, will continue to solidify its position as a leading construction management company in the Saudi Arabian market, the head of the joint venture sai...
[THE INVESTOR] Japan-based convenience store operator Ministop is set to select a preferred bidder for its local unit here, according to industry sources on Nov. 30. Three companies -- Korean retail giants Shinsegae, Lotte and private equity firm Glenwood Investments -- are bidding to acquire 100...
[THE INVESTOR] Korean beauty startup Memebox, which successfully secured funds from global accelerator Y Combinator in 2013, aims to reach break-even point next year. “We expect to break even in the third or fourth quarter next year,” Memebox co-founder and Global President Doin Kim said during...
[THE INVESTOR] Korea’s third-largest realty trust KORAMCO REITs & Trust has acquired a logistics center in Germany for 86 million euros (US$97.91 million) with French investor L’Etoile Properties, according to industry sources on Nov. 29. The logistics center which was established in May spans ...
[THE INVESTOR] Lotte Group, Korea’s fifth-largest conglomerate, said on Nov. 27 that it has decided to sell two financial units in a bid to spur the completion of a holding company structure. The group has been working to transform into a holding company structure, as pledged by Lotte Group Chai...
[THE INVESTOR] Korea’s top tobacco company KT&G on Nov. 26 unveiled a new heat-not-burn cigarette named lil HYBRID to boost its market share here. “We received customer feedback on our previous HNB cigarettes -- Lil Mini and Lil Plus. Following this, we made improvements in three areas -- taste...
[THE INVESTOR] CJ Group’s coffee franchise A Twosome Place is seeking to expand its presence in China, having established a local unit five months ago, according to industry sources on Nov. 22. It currently has 30 outlets in China which are directly managed by the company’s headquarters. Accor...
[THE INVESTOR] Korean e-commerce giant Coupang said on Nov. 21 it has secured additional funds of US$2 billion from SoftBank Group. It had earlier received funding of US$1 billion from the Japanese conglomerate in 2015. The latest investment has been made by affiliate SoftBank Investment Advisers...
[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. ...
[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...
[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...
[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...
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