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The Korea Herald

Retail & Consumer

April 29, 2019
Bodyfriend drops plan to go public

South Korean massage chair maker Bodyfriend announced on April 26 that it has decided to officially drop its recent plans to go public. The decision came after it failed to get preliminary screening approval by the Korea Exchange, which the massage chair maker filed for in November last year as pa...
April 29, 2019
Amorepacific’s net profit dips 31% on increased costs

South Korean cosmetics giant Amorepacific said on April 29 that its first-quarter net profit dipped 31 percent from a year earlier on increased costs. Net profit reached 122 billion won ($106 million) on a consolidated basis during the January-March period, compared with 177 billion won for the...
April 28, 2019
Hera launches Au Jour Le Jour limited-edition collection

Hera, a luxury beauty brand under Korean cosmetics giant Amorepacific, has launched a limited-edition collection in collaboration with Italian fashion brand Au Jour Le Jour, the firm said on April 28. The collection features an urban-chic concept that reanalyzes the retro trend, according to the c...
April 28, 2019
Branded pop-ups liven up retail scene

Branded pop-up stores play an increasingly important role in South Korea’s retail scene as a source of creativity, innovation and brand new consumer experience. Many customers associate pop-ups with an experience different from what they expect from conventional brick-and-mortar stores. “If t...
April 28, 2019
Ministry to investigate imported drinks for carcinogenic chemicals

The Ministry of Food and Drug Safety said Apirl 26 it will look into some 20 imported drinks for glyphosate residue. The US Public Interest Research Group Education Fund revealed in a report in February that glyphosate had been found in 19 out of 20 brands of 15 popular beers and five wines te...
April 24, 2019
Anchor Equity Partners acquires Burger King Japan

Hong Kong-based global private equity firm Anchor Equity Partners, which owns Burger King Korea, has acquired Burger King Japan from Lotte GRS, according to industry sources on April 24. Although the PEF did not disclose the acquisition price, industry sources estimate the amount to be around 10 b...
April 23, 2019
[EXCLUSIVE] CJ to shut down Bibigo in China by August

CJ is shutting down its loss-making Korean restaurant chain Bibigo in China, with a plan to dissolve the unit by August this year, according to an industry source. The move is part of restructuring of its food and beverage business due to poor profitability. It follows the closure of VIPS, the gro...
April 21, 2019
CheongKwangJang launches new red ginseng brand

With growing consumer interest in healthy super food and enhancing immunity levels, South Korean red ginseng product maker CheongKwanJang has launched a special edition of Korean Red Ginseng Extract Everytime -- a 6-year-old Korean red ginseng extract that comes in a portable stick-type pouch. Wit...
April 19, 2019
Many foreign, domestic investors keen to acquire Skinfood

More than 13 foreign and domestic investors have handed in letters of intent to acquire South Korean cosmetics firm Skinfood, which is under court receivership, according to sources on April 19. Although the company has around 44.5 billion won ($39.14 million) debt, investors appear to be keen to ...
April 18, 2019
LG partners with CJ Foodville to deploy robots

LG Electronics said on April 18 it has partnered with CJ Foodville to deploy robots at selected restaurants. The robots will be deployed at few CJ Foodville’s restaurants later this year to serve customers and create futuristic experiences, LG said. CJ Foodville is a subsidiary of food and...
April 17, 2019
WGSN trend specialist forecasts beauty trends at ‘Make Up in Seoul’

Trend specialist Charlie Clark from global trend forecasting agency World’s Global Style Network gave a speech about “The Future of Beauty 2020” on April 15 during an event titled “Make Up in Seoul.” Clark projected in detail macro trends and five major ideas that will impact the beauty ind...
April 15, 2019
Duty-free sales breach W2tr-mark in March

Sales at South Korean duty-free stores hit a new monthly high in March to breach the 2 trillion-won ($1.76 billion) mark for the first time, industry data showed on April 15. The combined sales of local duty-free shops reached 2.16 trillion won last month, marking the third consecutive month th...
April 12, 2019
E-Land to spin off food and dining unit

Cash-strapped E-Land Group announced April 11 that it would spin off its food and dining unit from its subsidiary E-Land Park. E-Land Park has two different business units — hotels and dining. The South Korean company’s dining unit currently operates 16 restaurant brands, including buffet restau...
April 10, 2019
Amorepacific’s Laneige debuts in Europe

Amorepacific Group said on April 10 that its leading brand Laneige has entered the European market as South Korea’s leading cosmetics maker accelerates its overseas push. Products of Amorepacific’s midrange Laneige are now available at over 800 stores of French cosmetics chain Sephora in 18 c...
April 05, 2019
Kurly raises W100b

Kurly, a grocery delivery platform operator, on April 4 announced that it had closed its series D round having raised 100 billion won ($88.01 million). According to Kurly, existing investors including Sequoia Capital provided additional funding in this round. “Market Kurly is clearly showing its...

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