Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Korea enters full election mode
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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Immigrant woman stabbed to death by Korean husband
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[Herald Interview] Son Suk-ku chooses to be swayed by others in navigating life
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Seoul’s bus union prepares for strike
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[Photo News] Royal Salute Contemporary Art Digital Festival
Scotch whisky brand Royal Salute is holding a pop-up art exhibition at Seoul Auction‘s Gangnam Branch that continues until Tuesday. The show features contemporary artwork inspired by the whisky brand from five artists including Kim Sun-woo, qwaya, 275c and Adrian Seo and Sung Nak-jin. Alongside the artwork, a range of Royal Salute whiskys, including this year’s latest lineup and limited editions, are also on display -- including the 29-year-old Pedro Ximénez edition. Entry
Feb. 17, 2021
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W2.4tr spent on Coupang and Coupang Eats in January: report
Shoppers in South Korea spent some 2.4 trillion won on fast-growing e-commerce giant Coupang and its food delivery app Coupang Eats last month, according to data released from industry tracker WiseApp on Wednesday. The latest data showed some 20 million people spent a total of 2.4 trillion won during the month of January, with each spending a total of 144,000 won per month on average on both apps. The data is based on credit card and debit card transactions and bank transfers of South Koreans
Feb. 17, 2021
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BAT Korea to reach wider audience with modified risk tobacco products through digital marketing
BAT Korea reaffirmed its plan to reach a wider audience with potentially-reduced risk products on Tuesday as it cited the success of recent digital marketing efforts to promote e-cigarettes. “Sales promotions for Glo Pro last month took place both online and in-store and it was especially well received online and we managed to sell out the stock we prepared quicker than expected,” said Yu Jung-min, head of offline activation at BAT Korea during an online press event. “Diversi
Feb. 16, 2021
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Brand X Corp. posts major sales jump amid leggings boom
Brand X Corp., a company behind fitness wear brand Xexymix, reported a whopping 113 percent on-year increase in sales last year, thanks to the popularity of leggings during the coronavirus pandemic. The social commerce startup posted a revenue of 139.8 billion won ($126.8 million) in 2020, while racking up 8.4 billion won in operating profit and 7.2 billion won in net profit, the company said in a tentative earnings report released on Monday. The firm’s full-year sales marked a two-fold i
Feb. 15, 2021
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Convenience stores outperform pandemic-hit department stores in 2020
Convenience stores outperformed major department stores for the first time in terms of offline sales last year amid the country's yearlong social distancing scheme, data showed Sunday. The combined sales of the top three convenience store chains -- GS25, CU and 7-Eleven -- took up 31 percent of the total offline sales in local retail industry, up from 29.2 percent a year ago, according to the data from the Ministry of Trade, Industry and Energy. On the other hand, the combined percentage of bi
Feb. 14, 2021
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[Herald Interview] Chaul: How Beiersdorf’s Korean tea-inspired skin care brand came about
In November the South Korean unit of German personal care giant Beiersdorf, the company behind brands such as Nivea and Eucerin, launched skin care brand Chaul. Its first lineup is inspired by the tea that grows in the southern part of the country -- in Hadong County, South Gyeongsang Province. Chaul, the first Beiersdorf brand to be exclusively developed and launched in Asia, was created in Korea with plans to branch out into other markets as the company recognizes the country’s famous K
Feb. 11, 2021
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LG H&H and Amorepacific: How Korea‘s two largest beauty giants swapped places during pandemic
For several decades, South Korea’s cosmetics industry has been dominated by two major players -- Amorepacific and LG Household & Health Care, together accounting for over 60 percent of the market as of end-2019. As the LG affiliate possessed a more diverse portfolio, also covering daily necessities such as toothpaste and detergent, beauty-dedicated powerhouse Amorepacific had an upper hand over its rival in the cosmetics sector. But this is no longer the case, as runner-up LG has at
Feb. 11, 2021
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Cafe24 to hosts webinar on global sales strategy for social media
E-commerce platform Cafe24 will host a webinar on global sales strategy for Facebook and Instagram next week, the company said on Wednesday. The platform said the event will provide viewers with strategic help in reaching over three billion online users on Facebook-owned apps using Facebook Shops. Dubbed “Facebook‘s Global Commerce Success Strategies Using Shops,” the occasion is scheduled to take place at 2 p.m. on Feb. 17, and will be offered for free to those who sign up
Feb. 10, 2021
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Emart 2020 net profit up 62% on one-off revenues
Emart Inc., South Korea's largest discount store chain by sales, on Tuesday reported a 62 percent on-year jump in net profit last year due to increased one-off revenues. Net profit for the whole of 2020 came to 362.5 billion won ($324.8 million), up from 223.8 billion won a year earlier, the company said in a regulatory filing. Emart said its sale of a 39,050-square-meter plot of land in western Seoul last year buoyed the bottom line. Emart sold the plot of land for 800 billion won in
Feb. 9, 2021
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Craft beer association and brewers call on government to allow online beer sales
The Korea Craft Brewers Association and dozens of brewers have called on the government to allow online beer sales to help offset the blow from the coronavirus pandemic. In a statement on Monday, the group said sales of craft beer drastically dropped last year as main sales channels such as restaurants and pubs were forced to close due to social distancing rules. “Sales dropped by half at the minimum and up to 90 percent in worse cases, forcing staff to take a leave of absence or busines
Feb. 8, 2021
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WeMakePrice names new CEO and vows investment in technology
Online e-commerce company WeMakePrice named its former vice president as the new CEO in an announcement Monday. Ha Song, who had been the acting CEO since last August after former CEO Park Eun-sang took a leave of absence for health reasons, will now lead the company. “We plan to strengthen our industry-leading curation service and invest in technology advancement in order to become a competitive platform strictly from the users’ perspective. Ha joined the company in 2015 and has
Feb. 8, 2021
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K-beauty gains ground despite pandemic as Korea’s cosmetics exports rise 16%
In a positive sign for the Korean beauty industry, South Korea’s cosmetics exports enjoyed a 16.1 percent year-on-year increase last year despite the coronavirus pandemic. Korea’s total cosmetics exports reached $7.57 billion in 2020, the latest data from the Korea Customs Service and the Korea Cosmetic Association revealed on Sunday. The country’s cosmetics exports had enjoyed double-digit growth rates every year since 2012 until the figure dipped to 4.2 percent in 2019. W
Feb. 7, 2021
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Shinsegae Department Store logs best Lunar New Year gift sales
Shinsegae Department Store said on Sunday that gifts for the upcoming Lunar New Year holiday have logged the company‘s best-ever sales this year, boasting a 51.3 percent year-on-year increase. The figure shows sales generated from Seollal gifts between Jan. 4 and Feb 5. The department store said the jump in sales reflects the growing demand for premium gifts this year as a result of the coronavirus pandemic as well as the country’s decision to loosen its anti-bribery rules that cap
Feb. 7, 2021
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[Feature] Why celebrity beauty brands are good business
Launching a beauty brand has become easier than ever, thanks to the growing market and original design manufacturers. And for celebrities who want to capitalize on their fame and branch out into the cosmetics industry, this has been good news. International celebrities including Kylie Jenner and Rihanna have successfully launched their own brands Kylie Cosmetics and Fenty Beauty in recent years while South Korean makeup artist and vlogger Pony – who has over seven million followers on Ins
Feb. 7, 2021
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Jamon becomes most popular emerging food on delivery app Yogiyo
Jamon, a dry-cured ham produced in Spain, was named the fastest emerging item on food delivery app Yogiyo last year, thanks largely to the popularity of wine amid the pandemic. The Spanish ham saw a 515 percent year-on-year jump in order volume, enjoying the biggest growth apart from already-beloved items such as fried chicken, pizza and Chinese food, Delivery Hero Korea, the company behind the app, said Thursday. “It appears record-breaking wine sales that caused an increase in home dri
Feb. 4, 2021
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Nongshim’s Chapaghetti most hashtagged local instant noodles on Instagram
Nongshim’s Chapaghetti stands out among all local instant noodle brands as one of the most popular, with the greatest number of Instagram posts using its name as a hashtag, the food company said Tuesday. According to Nongshim, the hashtag bearing the name of the popular black bean instant noodles had been attached to about 219,000 posts written in Korean as of Monday. The runner-up was Buldak Spicy Chicken noodles from Samyang Foods, which had 195,000 posts featuring its name as a hash
Feb. 2, 2021
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Delivery app Yogiyo in legal battle over price guarantee policy
Delivery Hero Korea, the Germany-based company behind major food delivery app Yogiyo, is facing a court battle ahead of the planned sale of its stake in the app. South Korean prosecutors last week indicted DH Korea under the country’s monopoly regulation and fair trade act, accusing it of having coerced restaurants to offer lower prices on the Yogiyo platform than on competing platforms, according to the legal circle on Monday. It is alleged that between July 2013 and December 2016 the
Feb. 2, 2021
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Duty-free sales dip 38% in 2020 on coronavirus
Sales at South Korean duty-free stores plunged nearly 38 percent on-year in 2020 due to the spread of the new coronavirus, industry data showed Monday. Combined sales of local duty-free shops totaled 15.5 trillion won ($13.9 billion) last year, down 37.7 percent from a year earlier, according to the data from the Korea Duty Free Shops Association. Foreign shoppers accounted for 94 percent of the sales figure as the coronavirus pandemic kept South Koreans from going abroad. The proportion was
Feb. 1, 2021
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[Weekender] Inside Korea’s interior design boom amid pandemic
From #OurHome #HomeDecorating to #OnlineHousewarming, Instagram lately is filled with hashtags and posts from users showcasing their homes and stylish interior design ideas. “May I know where you got the bookcase?” one comment read in response to a post showing a well-lit, nearly all-white room. Dambi, an author and blogger, who shared the original post on Instagram replied that it was from furniture company Basic Gagu. These types of interactions are fairly common in the online sp
Jan. 30, 2021
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[Newsmaker] Ikea labor conflict deepens over ‘discriminatory’ treatment of local staff
Ikea Korea, the local subsidiary of the Swedish furniture brand, is facing an escalating internal conflict as its labor union has gone on another round of strikes, accusing the company of discriminatory treatment. The Ikea Korea’s labor union started Tuesday a sit-in protest in front of its Gwangmyeong outlet in Gyeonggi Province for an indefinite period, claiming that the company has failed to deliver its promises to improve the working conditions and avoided answering their main reque
Jan. 28, 2021