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The Korea Herald

Retail & Consumer

July 29, 2024
Coupang marks Rocket Luxury’s 1st year with special event

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...
July 26, 2024
Cash-crunched Tmon begins refund process for customers

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...
July 26, 2024
Qoo10 liquidity crisis sparks massive complaints, fears of wider damage

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...
July 25, 2024
Payment delays prompt exodus from Tmon, Wemakeprice

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...
July 23, 2024
[From the Scene] What it's like working as intern at K-food giant

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...
July 23, 2024
Nongshim to build smart farm in Saudi Arabia by 2025

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...
July 22, 2024
[Herald Interview] Bacardi reshaping drinking culture in land of soju, beer

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...
July 17, 2024
Mom’s Touch takes unique marketing strategy to drive Japan sales

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...
July 11, 2024
Starbucks Korea vows to donate W1b for cultural preservation

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...
July 09, 2024
Hanwha to debut Five Guys in Japan next year

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...
July 07, 2024
[Herald Interview] Korean sauce maker Woomtree seeks global expansion with healthy, long-lasting ‘K-jang’

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...
July 03, 2024
Veteran singer’s rice wine production halted over labeling issue

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 ...
June 30, 2024
[From the Scene] Amazon courts K-beauty sellers on robust sales

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...
June 21, 2024
Starbucks stores lure tourists with Korea’s cultural charms

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...
June 21, 2024
ShinWon spurs fashion tech innovation with AI, big data

Korean fashion company ShinWon Corporation said Friday that it is increasingly adopting artificial intelligence and big data to lead tech innovation in fashion. By predicting future trends through extensive data analysis, ShinWon said it adapts swiftly to market changes, incorporating these insigh...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099