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Lotte Wellfood announced Tuesday it plans to merge its Indian subsidiaries, Lotte India and Havmor Ice Cream, to improve operational efficiency and enhance its presence in the Indian market. According to the company, the boards of both affiliates approved the decision in meetings held Monday. Unde...
Coupang announced Monday that it will hold a special event to mark the first anniversary of its luxury beauty section, "Rocket Luxury," running until Sunday. The event features 21 brands available on Rocket Luxury -- including Estee Lauder, MAC, Bobbi Brown, Clinique and Biotherm -- highlighting a...
Tmon, an online marketplace platform owned by Singapore-based e-commerce company Qoo10, on Friday, started issuing refunds to customers who did not receive their products purchased on the platform hit by a liquidity crisis. This move comes a day after the CEO of WeMakePrice, another affiliate of Q...
Tensions are escalating over the liquidity crisis of online shopping platforms WeMakePrice and Tmon, both owned by Singapore-based e-commerce company Qoo10, sparking massive complaints and fears of wider damage. The platforms failed to pay money owed to sellers in May, prompting traders to leave t...
Sellers are leaving Tmon and Wemakeprice, the online shopping platforms owned by Singapore-based e-commerce giant Qoo10, due to delays in payment reportedly caused by liquidity issues, according to industry sources, Wednesday. Major retailers like Lotte Shopping, GS Retail and Hyundai Department S...
Vien Yeung, a 29-year-old Chinese American from the University of California, Berkeley, and a current MBA candidate at Harvard Business School, has chosen to spend her summer at Korea's food giant, CJ CheilJedang. With her graduation set for March 2025, Yeung's decision to work at the company stem...
Nongshim announced on Tuesday that it has been selected for South Korea's smart farm export project that aims to establish and operate a pilot greenhouse in Saudi Arabia. The project is initiated by the Ministry of Agriculture, Food and Rural Affairs and led by the Korea Agriculture Technology Pro...
Meanwhile, a Bombay Sapphire pop-up store in the hip Seongsu-dong neighborhood also goes on through Wednesday. Bacardi Korea plans to ramp up marketing efforts highlighting the unique stories and fun elements of each brand within its product portfolio. In line with this trend, there is notable syn...
The new menu item, called "gim-tteok-man," a combination of "gimmari," dried seaweed rolls; "tteok," Korean ricecakes; and small "mandu," Korean dumplings; is stir-fried with buldak sauce, offering a spicy kick to the Korean street food. Samyang Foods also sees this collaboration as an opportunity...
Starbucks Korea said Thursday it has partnered with the country’s heritage service organizations to intensify its contribution to cultural preservation efforts. Starbucks Korea, the Korea Heritage Service and the National Trust for Cultural Heritage agreed to establish a national heritage protect...
FG Korea, the South Korean operator of US burger chain brand Five Guys, will open its store in Japan in the second half of next year, with plans to launch over 20 locations across the nation within seven years. FG Korea announced on Tuesday that it signed a memorandum of understanding with Five Gu...
Regarding the popularity of spicy foods like the Buldak series, Kim noted that the demand for spiciness extends beyond mere trends. "For instance, Indonesians have long preferred much spicier food and ingredients than Koreans," he said. "We have about 20 products exported to Indonesia and are prep...
South Korean ballad singer Sung Si-kyung's newly launched Korean rice wine, Kyungtakju, has been suspended from production for a month by the Ministry of Food and Drug Safety due to labeling irregularities. According to the regulator, information such as the product name, manufacturer, individual ...
Officials from domestic cosmetics companies mostly showed positive reactions to cooperating with Amazon. "Currently, we are operating a local marketing team in the US, but I find it attractive to either focus solely on joining Amazon or to continue with both the local marketing team and Amazon sim...
Starbucks Korea partnered with the Korea Tourism Organization to host a special hospitality event Wednesday at the Starbucks Daegu Jongno Gotaek store in Daegu, welcoming over 90 foreign tourists as part of efforts to showcase Korea. The event was part of a program that spotlights 10 distinguished...
Korean investors dump Kospi, flock to US stocks despite strong dollar
Hanwha sets up financial AI center in San Francisco
Korea, Indonesia strengthen partnership in general insurance
Cheaper Chinese chips hamper profit outlook for Samsung, SK hynix
Chinese battery makers gobble up Korean shares
Global talent market expands as professionals eyes abroad