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Biz & Tech

Retail & Food

Wed, July 28, 2021 | 07:29

E-Mart decides to buy bigger stake in Starbucks Coffee Korea

E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won ($412 million) to become the coffee chain's largest shareholder.

2021-07-27 14:10

Coupang seeks turnaround with quick commerce service

Coupang has launched the quick commerce service “Coupang Eats Market” in a bid to make a rebound from the fallout of a number of scandals that led customers to turn their backs on the online retailer.

2021-07-27 08:45

Lotte chief urges breakthrough in e-commerce

Lotte Group Chairman Shin Dong-bin moved up a presidential board meeting two week earlier to Thursday to come up with countermeasures for competing against Coupang, Naver and Shinsegae - the new “big three” in the local e-commerce market.

2021-07-26 18:00

BHC aims to complete acquisition of Outback Steakhouse

Local fried chicken restaurant franchise BHC, once a subsidiary of BBQ Genesis, is considering whether to acquire Outback Steakhouse Korea as it seeks to become a leading food firm.

2021-07-26 18:00

Korea Exchange seeks pre-IPO steps to protect Kurly from takeover

The Korea Exchange (KRX), the country's top bourse operator, has decided to request Market Kurly's major shareholders to exercise joint ownership of the company's shares while limiting them from selling stocks following the online grocery service's initial public offering (IPO).

2021-07-25 16:48

Ediya's summer beverages grow popular

Local coffee house chain Ediya's summer seasonal beverages are gaining popularity with the unit sales volume of two of its ice flake desserts surpassing 350,000 in June alone. Ediya introduced five seasonal beverages and ice flake desserts starting in May. Courtesy of Ediya

2021-07-25 14:42

Spread of Delta variant may boost Kurly's IPO

The all-time-high numbers of daily new COVID-19 cases here are helping Market Kurly with its initial public offering (IPO) plan, while some are worried about the retailer's business continuity due to its growing losses.

2021-07-22 16:56

Eland Group appoints MZ Generation CEOs

Eland Group has appointed young CEOS to enhance communication with and understanding of the “MZ Generation,” which is the key customer base of the corporation. The group appointed An Young-hun to head Eland Retail and Hwang Sung-yun as the CEO of Eland Eats.

2021-07-22 15:56

Managing director's finesse boosts McDonald's image in Korea

Antoni Martinez's management finesse has been bolstering McDonald's image in Korea, ever since took over as managing director of the global fast-food franchise's Korea unit in February last year.

2021-07-22 08:32

Shake Shack celebrates 5th anniversary in Korea

Seen is Shake Shack's Korean-inspired meal, launched to celebrate its fifth anniversary in the country. The special meal includes the Seoul Style Bulgogi Burger, jointly created with Korean cuisine pioneer Hanilgwan, and the Makgeolli Shake, which blends Jipyeong Jujo makgeolli with the franchise's signature vanilla milkshake. The fast-food chain is also introducing digital a...

2021-07-21 16:45

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