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Biz & Tech

Retail & Food

Wed, April 1, 2020 | 11:00

BAT to invest 1 billion pound for 'less risky' products

BAT to invest 1 billion pound for 'less risky' products

British American Tobacco (BAT) will bet 1 billion pounds ($1.24 billion) in next generation products over the next three years, as part of its vision to have 50 million non-combustible product consumers by 2030, according to its Korean unit.

Nam Hyun-woo | 2020-03-31 17:26

LG Household & Health Care's American dream becomes nightmare

LG Household & Health Care's American dream becomes nightmare

LG Household & Health Care's (LG H&H) has branched out into America but its prospects aren't looking too bright. The Korean cosmetic firm acquired American health and beauty company New Avon last April to act as a bridgehead into expanding its business into the world's largest cosmetics market.

Kim Jae-heun | 2020-03-31 09:52

Department stores to offer sales amid prolonged COVID-19 pandemic

Department stores to offer sales amid prolonged COVID-19 pandemic

Local department stores will begin their regular sales period from the first week of April for two weeks amid the prolonging COVID-19 pandemic here.

Kim Jae-heun | 2020-03-30 18:11

GS gears up for new start under CEO Huh Tae-soo

GS gears up for new start under CEO Huh Tae-soo

GS Group is gearing up for a new start under Huh Tae-soo, who was officially appointed as CEO of the group's holding company GS Holdings and chairman of the board during Friday's general meeting, the company said Sunday.

Baek Byung-yeul | 2020-03-29 17:16

Pulmuone noodle pack sales skyrocket in America

Pulmuone noodle pack sales skyrocket in America

Korean fresh food company Pulmuone is seeing positive results in the American market with its Asian noodle products. According to the company, Tuesday, annual gross sales of its noodle packs have skyrocketed, increasing six-fold in four years to record over $30 million. Pulmuone adopted the strategy of putting a strong emphasis on product quality, placing premium fresh noodle...

Kim Jae-heun | 2020-03-27 18:02

Coupang's value 'remains strong'

Coupang's value 'remains strong'

Some experts consider Coupang, South Korea's top-tier online retail platform operator, as an “unprofitable company.” However, it is still attracting investors and expanding its services, helping it maintain solid corporate value.

Kim Yoo-chul | 2020-03-27 16:21

Shinsegae and E-Mart seek structural improvements for new future

Shinsegae and E-Mart seek structural improvements for new future

The last few years have been hell for retailers such Shinsegae and its subsidiary E-Mart. Shinsegae is a department store franchise that owns the world's largest department store in Centum City, Busan, and E-Mart is the largest retailer in Korea. They both enjoyed their heyday until 2010, when customers started to moving more and more towards shopping online.

Kim Jae-heun | 2020-03-26 09:55

BTS agency's listing face hardships

BTS agency's listing face hardships

Everything seemed to be going well for Big Hit Entertainment and its plan to go public this year as their peak estimated valuation on the stock market was estimated at 6 trillion won ($48.19 billion). Just two years ago, their enterprise value hovered between 1.28 trillion won and 2.28 trillion according to a 2018 report by the Hyundai Research Institute (HRI). However, thank...

Kim Jae-heun | 2020-03-24 18:36

Will Celltrion, Samsung BioLogics team up for COVID-19 treatment?

Will Celltrion, Samsung BioLogics team up for COVID-19 treatment?

Celltrion and Samsung BioLogics are expected to team up for the future production of any treatment developed to treat the COVID-19 pandemic.

Nam Hyun-woo | 2020-03-24 16:43

'COVID-19 outbreak to shed new light on lab-free diagnostics'

'COVID-19 outbreak to shed new light on lab-free diagnostics'

YONGIN, Gyeonggi Province - With the global COVID-19 outbreak, the field of diagnostics is garnering unprecedented attention, as countries struggle to keep up with the fast spread of the deadly virus.

Nam Hyun-woo | 2020-03-24 08:28

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