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[THE INVESTOR] Korean cosmetics startup Memebox announced on Jan. 25 that it has secured series D funding worth US$35 million from Johnson & Johnson Development Corp., venture capital unit of the multinational medical devices, pharma and consumer packaged goods firm. “We will actively utilize ou...
[THE INVESTOR] The Face Shop, a wholly owned cosmetics unit of LG Household & Health Care, has signed a deal to acquire a plant in China from Avon Products for 79.3 billion won (US$70.56 million), its parent firm said on Jan. 9. The company will produce its own cosmetics products for sale loca...
[THE INVESTOR] Korean massage chair maker Bodyfriend on Jan. 7 launched a new model HighKey, which mainly targets 8 to 19 year old kids who are around 120 to 170 centimeters tall. “We aim to sell 1 million units globally by setting Highkey as our main export item,” Bodyfriend CEO Park Sang-hyun...
[THE INVESTOR] Korean e-commerce company Coupang said on Jan. 4 that it had become an authorized online reseller of Apple products. Apple products such as the iPad Pro, new MacBook models and the Apple Watch Series 4, can be now found in Coupang’s Apple brand store where customers can use Coupan...
[THE INVESTOR] More than 60 percent of outlets operated by two leading fast food restaurants, McDonald’s and Lotteria, have electronic kiosks, industry officials said on Jan. 3. A total of 825 out of 1,350 Lotteria branches across the country, or 62 percent, currently operate automated kiosks...
[THE INVESTOR] Cash-strapped E-Land Group has redeemed all its loans from Anchor Equity Partners and Meritz Financial Group, according to industry sources on Jan. 2. Anchor Equity Partners had established a special purpose company in December 2017 and invested 200 billion won (US$224.14 million) ...
[THE INVESTOR] Korea will ban supermarkets and retailers nationwide from using disposable plastic bags from January, government officials said on Dec. 31. The ban will come into effect as part of a revised law on conserving resources and encouraging the reuse of recyclable waste. Subject t...
[THE INVESTOR] KT&G said on Dec. 28 that its cosmetics unit Cosmocos is seeking to tap the US market by opening more shops in New York. Cosmocos, formally Somang Cosmetics, was acquired by the Korean tobacco firm in 2011 to strengthen the beauty business via its multi-brand outlets Beauty Credit...
HS Hyosung to showcase advanced carbon fiber in US
US’ new export controls to have little impact on Korean businesses: ministry
[HIT Forum] AmCham chief highlights Korea-US ties in shifting dynamics
[HIT Forum] 'Government, companies should team up to brace for US policy changes'
[HIT Forum] Korean CEOs urged to adopt long-term perspective on lobbying
[HIT Forum] Strategic lobbying critical for Corporate Korea: top Washington lobbyist