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The Korea Herald

Retail & Consumer

May 03, 2024
Samsung Life Science Fund invests in US gene therapy firm

Samsung Life Science Fund, an investment fund created by Samsung affiliates, will invest in Latus Bio, a US gene therapy development company, according to Samsung Bioepis on Friday. It is the sixth investment made by the fund between Samsung Biologics, Samsung C&T and Samsung Bioepis, to explore n...
May 03, 2024
Hugel to develop next-generation botulinum toxin product

Hugel has started its development of new botulinum toxin products using a botulinum toxin type that has a faster onset and shorter duration of effect, the aesthetics firm said Friday. According to Hugel, botulinum neurotoxins that are currently used for therapeutic and cosmetic applications have b...
May 02, 2024
[Herald Interview] Asia’s first Master of Wine empowers Shinsegae’s wine push

Jennie Cho Lee, the first Asian Master of Wine, has joined hands with Shinsegae Group, the Korean retail giant that is recently making a big push to lead the nation’s soaring luxury wine market, adding to the 2022 acquisition of a Napa Valley winery for $250 million. Lee earned the wine industry’...
April 29, 2024
Korean franchises eye Japan, riding high on K-food trend

Korean food and beverage companies are increasingly entering the Japanese market in pursuit of broader opportunities, largely driven by a saturated market at home and to capitalize on the rising popularity of Korean cuisine in the neighboring country. As of 2023, Japan saw a total of 19 Korean foo...
April 29, 2024
[Herald Interview] Mom’s Touch seeks to replicate success in Japan

Renowned for its signature spicy thigh patty burgers, Mom’s Touch has established itself as a dominant player in South Korea’s fast-food landscape, with the highest number of branches here, despite its relatively late entry to the market. Celebrating its 20th anniversary this year, the fast-food...
April 29, 2024
CJ's Tous Les Jours debuts in Cambodia

CJ Foodville said Monday it has opened two new Tous Les Jours branches in Cambodia, as part of efforts to broaden its foothold in Southeast Asia. The two new branches, which opened Friday in Kam Puchea Kroum and Toul Tom Poung in the country’s capital, Phnom Penh, mark the first locations for CJ ...
April 29, 2024
Beloved singer attracts fans, customers to JungKwanJang stores

Korea Ginseng Corp., a global leader in ginseng production, has significantly enhanced its brand positioning and visibility through its marketing strategies that prominently feature Lim Young-woong. Lim, a trot singer with an avid fan base, has recently been named the ginseng brand's brand model. ...
April 29, 2024
Nongshim launches dance challenge for new ramyeon products

Leading ramyeon producer Nongshim has announced the launch of a dance challenge event to mark the release of its latest products: Pu Phat Phong Guri Big Bowl and Kimchi Jja Guri Big Bowl. The newly launched products are inspired by Thai curry and Korean kimchi and pork stew, respectively. The prod...
April 26, 2024
McDonald's Korea to raise prices of 16 items next month

McDonald's Korea said Friday it will raise the prices of 16 menu items by an average of 2.8 percent from May 2 due to higher logistics and labor costs. The 16 menu items subject to price hikes include the Egg Bulgogi Burger, Bulgogi Burger, Cheese Burger and Triple Cheese Burger. But the prices of...
April 24, 2024
Orion's Turtle Chips sales soar in US

The popularity of the Orion brand's Turtle Chips continued to grow in the US last year, boosting its annual sales to around 12 billion won ($8.8 million). Orion, a South Korean confectionery and snack manufacturer, is supplying the chips at the snack bars of major firms such as Google and Netflix, ...
April 24, 2024
Coway launches Berex massage bed with enhanced usability

South Korean home appliance maker Coway has launched a new massage bed, the Berex Reclining Massage Bed, as part of product diversification aimed at the nation's soaring massage chair market. The new product is the first of its kind to incorporate an automatic upper-body reclining function, specif...
April 23, 2024
CJ's processed rice sales soar in North America

With the rising number of Korean restaurants abroad and the global appeal of Korean food, CJ CheilJedang's processed rice product is experiencing a surge in popularity across North America. CJ CheilJedang announced on Tuesday that sales of Bibigo Cooked Sticky White Rice amounted to 160 billion wo...
April 23, 2024
Hollys to open 1st overseas outlet in Japan next month

Hollys, the coffee business unit of South Korea's KG Group, said Tuesday it will open its first overseas outlet in Japan next month as part of its expansion strategy. Hollys has set up a business entity in the neighboring country to open the outlet at the Marui Department Store in Namba, Osaka. H...
April 22, 2024
Starbucks Korea to add flat white to coffee menu

Starbucks Korea said Monday it will add the flat white coffee to its menu starting Tuesday as it strengthens its coffee lineup to woo customers. The flat white has been available in global Starbucks outlets in the past decade. A flat white is an espresso beverage made with two ristretto shots, co...
April 19, 2024
Sungsimdang outperforms bakery giants to log sales over W100b

Sungsimdang, a local bakery brand based in Daejeon, outperformed the country's top bakery franchise giants, Paris Baguette and Tous les Jours, logging record sales last year, a regulatory filing showed Friday. Rosso, Sungsimdang's holding company, said the bakery recorded sales figure of 124.3 bil...

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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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