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The Korea Herald

Retail & Consumer

June 03, 2024
Daesang to ramp up kimchi production in Vietnam

South Korea's food maker Daesang announced Monday the expansion of its manufacturing plant in Vietnam with an investment of approximately 30 billion won ($21.8 million). Vietnam is a key market for Daesang's global business. Fueled by the K-food wave, Daesang’s food and materials sales exceeded 2...
June 03, 2024
Korea Ginseng's fermented red ginseng boosts immunity

Korea Ginseng, a ginseng brand of Korean health product and cosmetics retailer DAV International, has introduced red ginseng products to combat exhaustion and weakened immunity due to recent temperature fluctuations. Red ginseng is renowned for its immune-boosting properties, particularly its anti...
June 02, 2024
HiteJinro marks centennial with renewed growth push

HiteJinro, the nation's oldest liquor-maker marking its centennial this year, on Wednesday renewed its emphasis on product quality and customer engagement. "We believe the key to maintaining a 40 percent share of some 2,729 manufacturing licenses in Korea today is HiteJinro's exceptional products,...
May 29, 2024
The Woorishop, a win-win e-commerce solution for sellers, buyers

Korea's e-commerce platform sector is highly competitive, but The Woorishop thinks it has the standout solution: a cashback offer to keep customers coming back. The platform provider offers a package that returns high-percentage cash paybacks to consumers, allowing buyers to enjoy substantial disc...
May 29, 2024
CJ Logistics extends distribution network for Korean sellers

South Korea's top logistics firm CJ Logistics said Wednesday that it has established cross-border e-commerce partnerships with leading logistics companies in the United States and Japan to strengthen the distribution network for Korean sellers abroad. In the US, CJ Logistics will handle air freigh...
May 27, 2024
Coupang ups investment to spur Taiwanese growth

South Korean e-commerce giant Coupang has set up its first overseas distribution unit in Taiwan in an apparent move to boost its presence in the burgeoning retail market there, according to industry sources Monday. The new subsidiary, named Haitong Shangmao, specializes in distributing locally pro...
May 22, 2024
Dongsuh Foods' Kanu Barista woos coffee lovers

By Park Se-ra ( serap1005@heraldcorp.com )
May 17, 2024
CJ Olive Young's Q1 sales jump on strong overseas trade

CJ Group's health and beauty drugstore CJ Olive Young showed stronger year-on-year performance in the first quarter, largely driven by robust sales in foreign markets and an increasing number of foreign visitors to Korea. According to its regulatory filing Thursday, the company reported 1.08 trill...
May 14, 2024
CJ CheilJedang beats Q1 earnings estimates on US sales

Korean food giant CJ CheilJedang beat earnings estimates in the first quarter of this year, largely driven by increased overseas sales. According to its regulatory filing Tuesday, the company posted 4.44 trillion won ($3.24 billion) in sales and 267 billion won in operating profits in the first mo...
May 14, 2024
Dyson debuts first wet floor cleaner WashG1

UK home appliance giant Dyson on Tuesday released WashG1, its first wet floor cleaner designed to pick up wet and dry debris in one go without a vacuum motor. The wet floor cleaner, equipped with a 1-liter clean-water tank, uses a combination of hydration, absorption and extraction technologies to...
May 13, 2024
China’s AliExpress, Temu sign rare pact in Korea to ensure product safety

Chinese e-commerce giants AliExpress and Temu signed a product safety agreement with Korea's Fair Trade Commission on Monday in the hopes of ensuring and protecting Korean consumers from harmful products being distributed and sold here through their platforms. The agreement marks the first of its ...
May 09, 2024
Swiss Air launches new Seoul-Zurich route after 27 years

Switzerland's flag carrier Swiss International Air Lines inaugurated its direct flight from Zurich to Incheon on Wednesday, marking its entry into the Korean market. This marks the first time in 27 years that the airline has introduced flights to Korea since the suspension of the Gimpo-Zurich rout...
May 08, 2024
Coupang earnings hit hard by losses from ailing Farfetch

New York-listed e-commerce giant Coupang reported Wednesday that its sales soared to a record high of $7.1 billion in the first quarter of this year, but operating profits were almost cut in half largely due to the losses from Farfetch, the luxury shopping platform it acquired last year. According...
May 06, 2024
[Herald Interview] Hanatour CEO talks reshaping travel landscape

Meanwhile, Hanatour's overseas networks remain the cornerstone of its competitive advantage. In line with this effort, Hanatour recently entered a mutual business agreement with Herald Corp., the publisher of The Korea Herald. "Collaboration between public and private entities is inherently essent...
May 03, 2024
B-Robotics teams up with Hanwha Robotics for restaurant automation

B-Robotics, a subsidiary of the delivery app Baemin's operator Woowa Brothers, said Friday it has signed a memorandum of agreement with Hanwha Robotics to strengthen its focus on the restaurant automation market. The signing ceremony was held at B-Robotics' headquarters in Seoul on Thursday with B...

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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