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The Korea Herald

Retail & Consumer

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...
June 19, 2024
SPC Group cleared of W64.7b antitrust fine

South Korean bakery giant SPC Group has been fully absolved of a 64.7 billion won ($46.8 million) fine, as the Supreme Court upheld a ruling in the company's favor in its lawsuit against the nation's antitrust watchdog for allegedly unfairly supporting its affiliates. The Supreme Court confirmed o...
June 18, 2024
HiteJinro eyes W500b in overseas soju sales by 2030

HiteJinro, the nation’s No. 1 soju maker, has set its goal of hitting 500 billion won ($362 million) in soju sales overseas by 2030, an ambitious three-fold growth from last year. The new growth vision, marking the company’s centennial this year, was unveiled June 12 at a press conference held i...
June 17, 2024
AliExpress’ Homeplus buyout rumors unnerve Korean rivals

AliExpress, the fast-growing e-commerce platform owned by Chinese tech giant Alibaba Group, is rumored to be considering buying Korean discount store chain Homeplus and its nationwide logistics network, making its Korean rivals nervous about the growing presence of Chinese retailers on their home t...
June 17, 2024
Hanjin to extend logsitics network in Europe

Hanjin Logistics Corp., an affiliate of domestic airline-to-logistics conglomerate Hanjin Group, said Monday it is expanding its logistics network in Europe with plans to launch two new locations, in Hungary and Morocco, this year alone. The new initiative follows an assessment of the market poten...
June 13, 2024
Denmark recalls 3 types of Buldak ramyeon for extreme spiciness

The Danish government has recalled three types of spicy ramyeon Buldak products made by the Korean manufacturer Samyang Roundsquare simply because they are too spicy. On Tuesday, the Danish Veterinary and Food Administration, under the Ministry of Food, Agriculture and Fisheries, ordered a recall ...
June 09, 2024
Sales of warehouse stores rise amid high dining-out costs

Warehouse stores in Korea have seen a rise in sales, drawn by bulk sizes of fresh ingredients at lower prices as people opt for cooking at home rather than eating out, amid increasing prices. From January through April, sales of Traders Wholesale Club, the warehouse-type discount store owned by E-...
June 07, 2024
Shinsegae, CJ forge all-round partnership to beat retail rivals

South Korea’s retail giants Shinsegae Group and CJ Group have agreed to cooperate on logistics and retail businesses to compete with domestic and overseas rivals. The two retail giants signed a memorandum of understanding Wednesday for their partnership centering on the Shinsegae Group e-commerce...

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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
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