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Biz & Tech

Retail & Food

Fri, January 29, 2021 | 00:46

Imports of Japanese beer tank in 2020 on anti-Japan campaign

Imports of Japanese beer tank in 2020 on anti-Japan campaign

Korea's imports of Japanese beer plunged nearly 86 percent in 2020 due to a local boycott of goods from the neighboring country, data showed Thursday. Seoul brought in US$5.67 million worth of Japanese beer last year, down 85.7 percent from a year earlier, according to the data from the Korea Customs Service and the liquor industry.

2021-01-28 11:10

KCCI's 'Sandbox' helps startups get on their feet

KCCI's 'Sandbox' helps startups get on their feet

The COVID-19 pandemic has forced many businesses and even some courts to temporarily halt operations, but there is an organization that has stayed busy trying to change outdated laws and policies to help budding startups. The organization is the Sandbox support center run by the Korea Chamber of Commerce and Industry (KCCI). The support center was launched in May and helps ou...

2021-01-28 09:17

AmorePacific aims for rebound through collaboration with Off-White

AmorePacific aims for rebound through collaboration with Off-White

AmorePacific, Korea's largest cosmetics company, hopes to overcome its current slump by launching a new product in collaboration with Italian luxury brand Off-White. The new product, called “Protection Box,” is made up of limited-edition beauty products and fashion accessories. AmorePacific makes mask packs and lip balms, while Off-White produces face masks as well as the con...

2021-01-27 09:14

Pulmuone to expand food business in Vietnam

Pulmuone to expand food business in Vietnam

Since its entry into the Vietnamese market in December 2019, local food firm Pulmuone has established a foreign branch office in Hanoi and been expanding its business through local retailers. As of the third quarter of 2020, its accumulated sales had reached 51.61 million won ($46,850), quadruple the figure for the previous quarter.

2021-01-25 16:50

CJ-Keistone Partners deal talks collapse

CJ-Keistone Partners deal talks collapse

The country's largest multiplex cinema chain CJ CGV is looking for new investors to take over its theater business after its sale talks with private equity fund (PEF) Keistone Partners were suspended.

2021-01-25 14:17

Exports of red pepper paste surge 35.2% in 2020

Exports of red pepper paste surge 35.2% in 2020

South Korean exports of red pepper paste jumped more than 35 percent in 2020 from a year earlier thanks to the global popularity of Korean pop culture, known as the Korean Wave, data showed Monday. Overseas shipments of red pepper paste, called "gochujang" in Korean, came to US$50.93 million last year, up 35.2 percent from a year earlier, according to the data by the Korea Ag...

2021-01-25 13:12

Outback raises prices again to prepare for sale

Outback raises prices again to prepare for sale

U.S. Australian-themed casual dining restaurant chain Outback Steakhouse has raised its prices again, in an attempt to maximize its profitability and put the company up for sale. This is drawing criticism from the public as the restaurant chain failed to notify customers in advance.

2021-01-24 16:37

Uniqlo to make breakthrough with Jil Sander

Uniqlo to make breakthrough with Jil Sander

Japanese casual wear brand Uniqlo is hoping to make its breakthrough here with a collaboration with Jil Sander.

2021-01-21 18:32

Gov't hit for ambiguous countermeasures on retailers

Gov't hit for ambiguous countermeasures on retailers

The government's recent anti-COVID-19 countermeasures imposed on local retailers are being criticized for their ambiguity. According to the quarantine authorities, all restaurants in the capital area must close for walk-in customers at 9 p.m. from Aug. 30 to Sept. 6 and they can only make food for takeout or delivery until 5 a.m.

2021-01-21 18:32

Can Chung's personal social media marketing succeed?

Can Chung's personal social media marketing succeed?

Vice Chairman of Shinsegae Group Chung Yong-jin has recently been enjoying popularity on Instagram where he shares posts on his personal life and company products. On Saturday, Chung uploaded a video hinting at his debut as a YouTuber. The caption below read “YJ Log (Yong Jin's vlog) will be revealed next week.”

2021-01-21 18:31

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