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The Korea Herald

Retail & Consumer

August 06, 2018
CJ gears up for M&A bonanza

[THE INVESTOR] Three key subsidiaries of Korean conglomerate CJ Group -- CJ CheilJedang , CJ Logistics and CJ ENM -- are seeking to aggressively pursue merger and acquisition deals overseas in the second half of this year, according to industry sources on Aug. 6. The group’s latest strategy is...
August 06, 2018
JYP CEO earns W543m by exercising stock option

[THE INVESTOR] JYP Entertainment CEO Jung Wook, on Aug. 3 announced that he sold off 29,896 shares under a stock option scheme and made a profit of 543 million won (US$482,881.30). The head of one of the top three K-pop powerhouses here received around 700 million won, including around 157 millio...
August 02, 2018
YG Plus to further expand overseas with cosmetics brand Moonshot

[THE INVESTOR] YG Plus, a subsidiary of Korea’s leading entertainment powerhouse YG Entertainment, on Aug. 2 announced that it will further expand its presence overseas with its cosmetics brand Moonshot. “In August, Moonshot will be available in Japan, Thailand and Indonesia through diverse ret...
August 02, 2018
CJ-JKL Partners consortium keen to acquire US food processor Schwan’s

[THE INVESTOR] Korean food giant CJ CheilJedang has formed a consortium with Korean private equity firm JKL Partners to acquire US food processor Schwan’s, according to news reports on Aug. 2. Industry watchers project the valuation of the US firm to be around 2 trillion won (US$1.7 billion) to ...
August 01, 2018
CJ considers JV with Big Hit in search for ‘next BTS’

[THE INVESTOR] Korean entertainment giant CJ ENM on Aug. 1 said that it plans to establish a joint venture, tentatively named Belief, with popular boy band BTS’ agency Big Hit Entertainment. “It is true that we have agreed to establish a JV, but there are still some steps left before launching ...
July 31, 2018
CJ Logistics mulls acquiring Schnellecke to expand in Europe

[THE INVESTOR] CJ Logistics announced on July 31 that it is considering acquiring German logistics firm Schnellecke Group to expand its presence in the European market. Established in 1929, Schnellecke is a major logistics firm in Europe with sales in 2017 reaching around 1.1 trillion won (US$985...
July 31, 2018
E-Land pulls Coffee Bean & Tea Leaf biz out of China

[THE INVESTOR] E-Land said on July 31 it has decided to withdraw its Coffee Bean & Tea Leaf business from China in a move to improve its financial structure. The decision came three years after the Korean retailer signed an agreement with the US coffee chain operator to move into the Chinese m...
July 30, 2018
Retail sales rise in H1 on online sales

[THE INVESTOR] Retail sales in Korea rose 7.4 percent on-year in the first half, thanks to upbeat sales at online stores, data showed on July 30. Sales at online stores jumped 16.3 percent compared with the year before in the first half, while those at offline retailers rose 2.7 percent on-yea...
July 30, 2018
Lotte set to launch new department to boost e-commerce business

[THE INVESTOR] Korea’s retail giant Lotte said on July 30 a new department in charge of the business group’s online businesses is set to be launched this week as the conglomerate revs up efforts to cope with the rapid expansion of the country’s online market. Earlier in May, Lotte unveiled ...
July 27, 2018
Amorepacific wins lawsuit against Shanghai Weierya in China

[THE INVESTOR] Amorepacific announced on July 26 that it has won a lawsuit against Chinese cosmetics firm Shanghai Weierya for infringing its trademarks. According to Amorepacific, the appellate court Pudong New Area People’s Court ordered the Chinese firm to pay 500,000 yuan (US$73,397.61) as ...
July 25, 2018
Gowoonsesang sells 51% stake in Dr.G to Migros Group

[THE INVESTOR] Cosmeceutical firm Gowoonsesang announced on July 25 that it has sold 51 percent stake in its skin care brand Dr.G to Switzerland-based retail giant Migros Group’s beauty arm Mibelle. “There will not be any changes in Dr.G’s management. This deal can be considered as a partnersh...
July 24, 2018
Cosmax holds cosmetics conference in China

[THE INVESTOR] Cosmetics equipment manufacturer Cosmax on July 23 announced that it held a technology conference in Shanghai, China. The Korean firm is an original design manufacturer, famous for producing quality products for global beauty giants. It is especially known for producing cushion pac...
July 24, 2018
CJ Foodville adopts Kakao Pay service

[THE INVESTOR] CJ Foodville announced on July 24 that it has started providing Kakao Pay service at its seven brand stores, including restaurant chains VIPS, The Place and bakery chain Tous Les Jours. The company said that it adopted the new system after seeing the number of people paying through...
July 23, 2018
BAT launches ‘Glo Series 2’ in Korea

[THE INVESTOR] British American Tobacco on July 23 launched an upgraded version of its heat-not-burn tobacco device Glo Series 2 in Korea to boost its market share here. “Korean consumers will be the first in the world to be able to enjoy the next-generation Glo,” head of BAT Korea Matthieu Jue...
July 22, 2018
Why more brands are turning to influencer marketing

[THE INVESTOR] Kim Sang-ji picks up on the latest fashion trends and finds out about new cosmetics by scrolling through Instagram. The 28-year-old says more than half of the people she follows on Instagram are not her friends or acquaintances, but celebrities or social media superstars. “It is ...

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