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Reporter : Kim Jae-heun
Fri, December 9, 2022 | 18:45
Convenience stores expand fresh produce sections
Convenience stores are expanding their fresh food sections to attract more people living alone who want to purchase vegetables and fruits in small amounts, according to company officials Thursday. Fresh produce was not the main item sold by convenience stores as they are difficult to store and maintain for a long period of time. However, with an increasing number of one-perso...
Daesang expands food business abroad
Daesang is speeding up its overseas food business expansion as it tries to generate more income outside Korea amid intensifying competition at home, according to company officials, Friday. After opening a large-scale kimchi manufacturing plant in the United States in March, it recently started promoting the Korean traditional side dish on a Times Square billboard in New York ...
Luxury shopping platforms encounter financial difficulties
Balaan, Trenbe, Must It and other online luxury shopping malls had flourished over the past two years during the raging COVID-19 pandemic on the back of consumers' “revenge spending,” which motivated them to purchase luxury goods instead of traveling abroad. However, as soon as the country showed significant signs of recovery from the pandemic and the government lifted travel...
Harim stays true to motto of making best foods with smart factory upgrades
Harim, the country's top poultry firm, is expanding its food business beyond chicken to instant noodles, instant rice and meal kit products produced at its renovated smart factories in Iksan, North Jeolla Province. In 2019, Harim spent 260 billion won ($180.5 million) to renovate its smart factory with state-of-the-art meat processing facilities.
Global luxury brands expand restaurant business in Korea
Luxury companies are becoming serious about the restaurant business here, as a way to maintain their posh image and continue to attract attention from young, trend-savvy consumers, according to industry officials, Tuesday. Italian high-end luxury fashion house Gucci has opened Gucci Osteria restaurant in Itaewon, Seoul, where it serves dishes cooked by a Michelin three-star c...
SPC Group opens Paris Baguette in London
SPC Group has opened its first Paris Baguette store in London as part of its plan to use the English market as a stepping stone to expand its bakery chain business into Europe, the company said Sunday. The food company's bakery chain in London opened on the first floor of Battersea Power Station located on the lower side of the River Thames, on Oct. 14. The former thermoelect...
SPC opens 9th Shake Shack restaurant in Singapore
SPC Group opened its ninth Shake Shack restaurant in Singapore at Junction 8, the largest shopping mall in Bishan. The opening is the latest move by the food company in its campaign to expand its business into Southeast Asia, it said, Friday.
Super-spicy Buldak ramen-flavored toothpaste likely to be recalled
The government is expected to order Aekyung to recall all of its controversial 2080 Hochi Toothpaste products, which the company introduced in collaboration with Samyang Foods' super-spicy Buldak Ramen, due to safety concerns, according to industry officials, Thursday.
LG Electronics CEO calls on employees to create winning brand
LG Electronics CEO Cho Joo-wan held an online event called “CEO F.U.N Talk” with some 7,000 employees, Oct. 6, to urge them to build the company into a winning brand that customers are enthusiastic about, it said, Thursday. The event was the fourth time the CEO has met with his staff online to communicate with them.
KITA chairman asks U.S. senator to delay IRA implementation
Korea International Trade Association (KITA) Chairman Koo Ja-yeol met with U.S. Senator Jon Ossoff of Georgia on Tuesday (local time), requesting the legislator to help delay the implementation of the Inflation Reduction Act (IRA) for three years, KITA said Wednesday.
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