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Reporter : Kim Jae-heun
Fri, December 9, 2022 | 17:56
Starbucks Korea CEO sacked over series of blunders
Starbucks Korea has appointed Shinsegae I&C CEO Son Jung-hyun to lead Korea's largest coffee chain, replacing outgoing CEO Song Ho-seop who was criticized for his inadequate handling of a series of company mishaps, Shinsegae Group said Thursday.
Homeplus offers fried shrimp at lower price
Local retail chain Homeplus has introduced fried shrimp and chili-flavored fried shrimp as part of its price stabilization project, the company said Thursday. Homeplus has been introducing cost-effective food items since June 30 when it debuted Dang Dang Chicken, which has since sold over 1.02 million products as of Oct. 13.
POSCO encourages cooperation in green steel era
POSCO held the second Hydrogen Iron & Steel making Forum (HyIS) in Fotografiska, Stockholm, on Oct. 12, the company said Thursday. HyIS is a forum where experts from the steel industry, raw material suppliers, engineering firms, academia and associations gather to discuss carbon-neutral strategies and sustainable growth in the steel-making industry based on hydrogen iron.
Coupang launches rocket delivery service in Taiwan
Korea's largest e-commerce firm Coupang started its flagship rocket delivery service in Taiwan, the company said Wednesday. Millions of products directly purchased by Taiwanese will be delivered across the whole country free of charge. Coupang said its business expansion in the East Asian country will be able to help many small and medium-sized businesses in Korea, which manu...
Philip Morris Korea launches next-generation e-cigarette
Philip Morris Korea will launch a next-generation e-cigarette, the IQOS ILUMA, next month, the company said, Tuesday. The new product is equipped with a new type of tobacco heating system, which has no blades and does not require the device be cleaned. The Smartcore induction system adopted in the device does not burn tobacco but rather heats it inside to offer a consistent, ...
Convenience store owners at odds with gov't over plastic bag ban
Convenience store owners are expressing discontent over the government's decision to ban the sale of plastic bags on November 24, arguing the move could hurt their businesses, according to industry officials Sunday. The stores will only be able to sell paper bags or standard plastic garbage bags approved by the Ministry of Environment. According to the ministry, selling dispo...
FedEx Express appoints new Korea managing director
International express delivery company FedEx Express appointed Park Won-bin as the new managing director of its Korean branch, the company said Thursday. He will take over from the previous manager Chae Eun-mi, who led FedEx Korea for the past 17 years.
Big retailers agonize over CEO reshuffles amid business uncertainties
Ahead of regular executive appointments scheduled for the end of this year, tension is rising internally at Korea's big three retailers: Shinsegae, Lotte Shopping and Hyundai Department Store. Companies have been agonizing over whether or not to keep their CEOs amid the current uncertain business environment caused by high inflation and the depreciation of the Korean currency...
Liquidation of Purmil blamed on CEO's incompetence
Purmil CEO Shin Dong-hwan, second son of company founder Shin Jun-ho, took office in 2018, which is when Purmil started to see its business performance decline. The dairy firm showed 257.5 billion won ($180.5 million) in sales for 2017, but sales decreased every year to reach 180 billion won as of last year.
P&G's Pampers introduces upgraded diaper
P&G Korea's Pampers diaper brand launched its latest diaper product helping babies to get a good night's sleep, the company said Monday. The new diaper, featuring an auto-fit waistband, is designed to wrap around a child's waist, bottom and front snuggly and comfortably to prevent any leaks at night.
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