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Biz & Tech

Retail & Food

Mon, April 19, 2021 | 15:35

Lotte's food business in Vietnam slumps

Lotte GRS said its food and retail business in Vietnam is facing problems due to a halt in facility construction and delays in the import of equipment due to the COVID-19 pandemic.

Kim Jae-heun | 2021-04-18 16:48

Angry investors call for Namyang boycott over pseudoscientific claims

Angry investors are calling on consumers to vote with their wallets by boycotting Namyang Dairy Products, after the company released pseudoscientific claims that its yogurt drink Bulgaris can help control COVID-19.

Kim Jae-heun | 2021-04-18 16:37

Lotte Group to withdraw food business from Southeast Asia

Lotte Group's restaurant business unit, Lotte GRS, has been shutting down its Lotteria hamburger chain in Indonesia since last year. Also in the process of closing down is Lotte Group's food material supplier in Vietnam, which was established in early 2020 to expand Lotte GRS' business in neighboring Southeast Asian countries.

Kim Jae-heun | 2021-04-16 08:22

Retailers taking action against Japanese seafood

Local supermarket chains E-mart, Lotte Mart and Homeplus have confirmed that they will continue boycotting the sale of Japanese seafood.

Kim Jae-heun | 2021-04-14 17:23

Chicken franchise sales soar in 2020 amid pandemic

Sales of South Korea's major fried chicken franchises jumped in 2020 as people resorted more to food delivery amid the coronavirus outbreak, industry data showed Wednesday. Kyochon, the biggest franchise, saw its top line surging 17.8 percent on-year to 447.6 billion won (US$398 million) last year, and sales of No. 2 BHC shot up 25.7 percent to 400.4 billion won.

2021-04-14 09:34

Coupang urged to improve sustainability

Despite several labor-oriented issues, it seems like business as usual for Coupang because no major investment banks are offering “sell” views on its stocks now being traded on the NYSE.

Kim Jae-heun | 2021-04-13 16:31

What are SKT's intentions in bidding for eBay?

The participation of SK Telecom (SKT) in the preliminary bid to acquire eBay Korea came as a surprise as it was not on the list of entities expected to take part in the race.

Kim Bo-eun | 2021-04-11 16:30

Stand-alone cosmetics stores sales plunge, while online flourish

Stand-alone cosmetics shops near universities in the capital area or on main streets in downtown once thrived, with the market growing to be worth 2.81 trillion won ($2.58 billion) in 2016. However, the figure has fallen since then, plummeting to 1.7 trillion in 2018.

Kim Jae-heun | 2021-04-10 09:37

Convenience stores to beef up vegetable offerings

Convenience stores here are offering vegetables at discounted prices to attract customers during the COVID-19 pandemic. As the government has strengthened quarantine measures to keep people at home, they are left with fewer choices but to shop online or purchase groceries at nearby convenience stores.

Kim Jae-heun | 2021-04-09 17:42

Shinsegae, Lotte capitalize on baseball to enhance market presence

Only three months after Shinsegae acquired SK Telecom's professional baseball team SK Wyverns and rebranded it as SSG Landers, the retail giant is making good use of the team in marketing campaigns to improve performance of its main retail business.

Kim Jae-heun | 2021-04-09 09:12

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