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Biz & Tech

Retail & Food

Sun, January 17, 2021 | 09:25

Uniqlo makes rebound after closing unprofitable stores

Uniqlo makes rebound after closing unprofitable stores

Japanese casual wear brand Uniqlo, wholly owned by Fast Retailing, managed to make a rebound here thanks to shutting down unprofitable stores. Fast Retailing did not reveal its exact profits in Korea, but said improvements in sales management costs and gross profit margin helped Uniqlo Korea make a turnaround.

Kim Jae-heun | 2021-01-16 10:09

LVMH to raise prices of its luxury brands

LVMH to raise prices of its luxury brands

Only a week after LVMH raised prices of Louis Vuitton products, the French multinational corporation decided to increase the product prices of other affiliated luxury brands such as Dior, Fendi, Givenchy and Bulgari. But the exact rate of increase has not been revealed.

Kim Jae-heun | 2021-01-15 17:34

Coupang to change landscape of logistics market

Coupang to change landscape of logistics market

Coupang got the green light on Wednesday to run its own parcel delivery service. With the approval from the Ministry of Land, Infrastructure and Transport, the company will start by delivering products sold through its own online service. But the landscape of Korea's logistics market is expected to undergo major changes once the e-commerce unicorn starts delivering parcels fo...

Kim Jae-heun | 2021-01-15 10:05

Coupang Eats hot on heels of rival Yogiyo

Coupang Eats hot on heels of rival Yogiyo

Coupang Eats hot on heels of rival Yogiyo

Now is the chance for Coupang Eats to get ahead of Yogiyo and rise to become the No. 2 player in the local food delivery service market. Yogiyo's market share stands at 18 percent, down from a 20-percent high. Coupang Eats, on the other hand, has increased its market share from 5 percent to 10 percent.

Kim Jae-heun | 2021-01-14 09:16

Coupang to change landscape of logistics market

Coway nominates new co-CEO

Coway nominates new co-CEO

Coway has nominated its Chief Financial Officer (CFO) Seo Jang-won as a new co-CEO during its recent annual senior executive reshuffle, the home appliances company said Wednesday.

Park Jae-hyuk | 2021-01-13 13:56

DoorDash, Uber Eats tapped as candidates to take over Yogiyo

DoorDash, Uber Eats tapped as candidates to take over Yogiyo

Two U.S. food delivery services, DoorDash and Uber Eats, are being seen as candidates to acquire Yogiyo, the No.2 player in the domestic market.

Kim Jae-heun | 2021-01-12 09:29

WeMakePrice struggles to rebound without leader

WeMakePrice struggles to rebound without leader

Local e-commerce firm WeMakePrice is struggling to make a breakthrough in the fiercely competitive online retail market amid its CEO Park Eun-sang's almost eight-month absence. Park has not been coming to the office due to ill health since last June.

Kim Jae-heun | 2021-01-12 09:28

Coupang's IPO still looking uncertain

Coupang's IPO still looking uncertain

SoftBank, led by Chairman Masayoshi Son, is preparing to list six of its investing companies this year and Coupang will be the first one, according to media reports, last week. However, whether its initial public offering (IPO) on the Nasdaq will be successful or not is still up in the air.

Kim Jae-heun | 2021-01-10 15:23

Hanssem under probe over alleged slush fund, bribery

Hanssem under probe over alleged slush fund, bribery

Police have raided the headquarters of South Korea's leading furniture maker Hanssem this week as part of a probe into its alleged slush fund creation and graft charges, an official said Friday.

2021-01-08 17:27

CJ aims to enter Hollywood through Endeavor Content

CJ aims to enter Hollywood through Endeavor Content

CJ Group Vice Chairwoman Lee Mie-kyung, the older sister of CJ Group Chairman Lee Jae-hyun, has been on a drive to enter Hollywood.

Kim Hyun-bin | 2021-01-08 09:16

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