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Biz & Tech

Retail & Food

Wed, October 20, 2021 | 07:03

Retail giants make major changes in response to shopping trends

Korea's retail giants are accelerating measures to improve their business structures and cope with online shopping trends. Lotte and Shinsegae are the two major firms battling for the title of the No. 1 retailer here. However, the pandemic has brought strong new rivals onto the scene: Coupang, Naver and Market Kurly.

Kim Jae-heun | 2021-10-19 16:36

'Living with COVID-19' policy raises expectation for liquor businesses

Local brewery companies and liquor traders are hoping to see a rebound in the fourth quarter of this year, with the government pointing to possible implementation of a “Living with COVID-19” strategy that will ease social distancing measures nationwide.

Kim Jae-heun | 2021-10-19 10:44

IT firms cautious about ending work-from-home under 'Living with COVID-19'

Paris Baguette expands into Indonesia

Paris Baguette, Korea's largest bakery chain, run by SPC Group, has set up a joint venture with Indonesia's Erajaya Group. This move is the latest by the Korean conglomerate to expand its bakery business across Southeast Asia.

Yi Whan-woo | 2021-10-18 16:07

Starbucks Korea to improve working conditions for staff

Starbucks Korea has decided to hire 1,600 more employees to allay mounting complaints voiced by existing workers over heavy workloads. It also promised to adopt a new wage system and improve working conditions for its employees.

Kim Jae-heun | 2021-10-18 08:46

[ANALYSIS] Pandemic spurs sales of luxury goods, counterfeits

When COVID-19 first exacted damage upon the Korean economy in February 2020, no one expected the luxury goods market here to experience a boom. Under the government's strict quarantine measures, people have been forced to stay home. As well as restaurants, coffee shops and department stores, luxury boutiques were restricted from operating after 9 p.m. Opening hours for busine...

Kim Jae-heun | 2021-10-17 11:09

Woowa Bros. befuddled by increasing consumer dissatisfaction with Baemin

Woowa Brothers, the company that operates the country's largest food delivery app, Baedal Minjok (Baemin), has been receiving the highest percentage of consumer dissatisfaction for its service among local food delivery apps.

Kim Jae-heun | 2021-10-15 09:07

Convenience store chain E-Mart24 opens 5th outlet in Malaysia

E-Mart24, the convenience store arm of South Korean retail giant Shinsegae, said Thursday it has opened its fifth store in Malaysia as part of its overseas push.

2021-10-14 10:59

Wine imports almost double this year amid pandemic

South Korea's wine imports nearly doubled in the first eight months of 2021 from a year earlier as more people enjoyed drinking at home and alone amid the coronavirus pandemic, data showed Thursday.

2021-10-14 10:18

Chanel sets '1 bag per person per year' rule in Korea

Chanel has started restricting the number of bags each customer can buy in Korea. In the case of some popular bags, a single person can now buy only one per year. According to the Hankook Ilbo, the sister paper of The Korea Times, Chanel Korea has adopted a new policy in which each customer can buy one Timeless Classic flap bag and one Coco Handle hand bag per year.

Yoon Ja-young | 2021-10-13 09:02

'Living with COVID-19' to boost travel platform operators

The country's two leading startups in the online travel market - Yanolja and Good Choice - are capitalizing on their strengths as platform operators to scale up their businesses before the government begins its “Living with COVID-19” policy.

Yi Whan-woo | 2021-10-12 15:30

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