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Biz & Tech

Retail & Food

Tue, July 14, 2020 | 22:46

Lotte Group seeks to stabilize key businesses amid pandemic

Lotte Group seeks to stabilize key businesses amid pandemic

Lotte Group Chairman Shin Dong-bin has emphasized the need to stabilize and enhance work efficiency within its main businesses rather than to seek new growth engines amid the prolonged COVID-19 pandemic.

Kim Jae-heun | 2020-07-14 17:04

BAT Korea appoints first-ever female country manager

BAT Korea appoints first-ever female country manager

British American Tobacco Korea appointed its first-ever Korean female country manager Kim Eun-ji, Monday, right after her predecessor Kim Eui-soung resigned.

Kim Jae-heun | 2020-07-13 17:43

CJ Logistics fined W9.5 bil. for colluding on POSCO contracts

CJ Logistics fined W9.5 bil. for colluding on POSCO contracts

CJ Logistics, Hanjin and other big name logistics firms were slapped with hefty fines for forming a cartel to win transportation contracts from steelmaker POSCO, according to the country's competition oversight authority, Monday.

Nam Hyun-woo | 2020-07-13 17:25

Hyundai family set to join hands for food delivery

Hyundai family set to join hands for food delivery

Hyundai Glovis, the logistics unit of Hyundai Motor Group, may handle the logistics for Hyundai Department Store Group's new fresh food delivery service, in what appears to be a rare but necessary partnership between Hyundai owner family members.

Nam Hyun-woo | 2020-07-13 17:25

Naver prepares to take on Facebook, Google in e-commerce

Naver prepares to take on Facebook, Google in e-commerce

The country's biggest portal site Naver is trying its best to prepare for competition against Facebook and Google in the local e-commerce market. Since Facebook announced the launch of its online shopping platform Facebook Shops in collaboration with domestic firm Cafe 24, June 22, Naver instantly improved the benefits of its membership program, raising the maximum saving poi...

Kim Jae-heun | 2020-07-12 17:18

McDonald's promotes healthy working environment

McDonald's promotes healthy working environment

A McDonald's Korea's employee, left, receives an award from the Korea Occupational Safety and Health Agency. The award was presented to the American fast food company at COEX in Seoul last week for promoting a healthy working environment.

Kim Jae-heun | 2020-07-12 17:17

Eggslut frenzy pushing SPC's former vice president to return to management

Eggslut frenzy pushing SPC's former vice president to return to management

A former SPC Group Vice President Hur Hee-soo, who was dismissed from the company after being accused of smuggling and smoking liquid cannabis-derived products, may return to management in two years on the back of impressive sales of the company's recently launched Eggslut brand.

Kim Jae-heun | 2020-07-12 17:16

Gov't to permit 2 more downtown duty-free shops in Seoul, Jeju

South Korea will permit two new downtown duty-free shops operated by conglomerates to open in Seoul and on Jeju Island, the finance ministry said Friday.

2020-07-11 15:03

Philip Morris' IQOS gets FDA approval to market as modified risk product

Philip Morris' IQOS gets FDA approval to market as modified risk product

Philip Morris has received the U.S. Food and Drug Administration's approval to market the company's popular heating device IQOS as a modified risk tobacco product (MRTP), to become the first e-cigarette to receive the designation, the Korean unit of the tobacco giant said Friday.

Baek Byung-yeul | 2020-07-10 16:56

Starbucks Korea to seek breakthrough with bakery

Starbucks Korea to seek breakthrough with bakery

Starbucks Korea is preparing to open a bakery at its coffee shop in Yangpyeong, Gyeonggi Province, this month, as part of its strategy to increase profits from food sales. Currently, the American coffeehouse chain creates 70 percent of its revenue here through beverage sales, 20 percent from snacks and 10 percent via merchandise.

Kim Jae-heun | 2020-07-09 19:36

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