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Sun, November 27, 2022 | 14:40
Orion hikes snack prices for 1st time in 9 years
Orion will increase prices of 16 products by an average of 15.8 percent on Sept. 15, its first price increase since 2013, the snack maker said Tuesday. By item, its most popular Choco Pie will see its price rise by 12.4 percent, followed by Poca Chip by 12.3 percent and Turtle Chip by 11.7 percent.
Collaborations key to attracting Generation MZ consumers
Food and beverage companies are adopting a distinctive marketing strategy of collaborating with other industry players to attract Korea's Generation MZ consumers - millennials and Generation Z - according to company officials, Monday. Collaborations between companies allow them to offer unique products and services that many millennials would not hesitate to pay for - even if...
Food prices set to increase further after Chuseok
Food prices are set to increase further after the Chuseok holiday as companies are moving to reflect soaring prices of imported raw materials, according to industry officials, Monday. The won's continued weakness against the dollar, as well as Typhoon Hinnamnor and other unfavorable weather conditions in recent weeks have made a range of agricultural products more expensive, ...
Hyundai Motor opens Driving Experience Center in Taean
Hyundai Motor Group opened the country's largest “HMG Driving Experience Center” inside Hangkook Tire & Technology's proving ground facility in Taean, South Chungcheong Province, the company said Wednesday. The local tiremaker established its proving ground facility in May to test its products from Monday to Thursday and lend the venue to the automaker for customer test-drivi...
Lotte to expand edible insect biz with Aspire Food Group
Lotte Confectionery has joined hands with Aspire Food Group, a Canadian edible insect company, to strengthen is future food business. The two companies met at the headquarters of Aspire Food Group in Ontario and signed a memorandum of understanding on exclusive right to sell the Canadian products in Korea. They will also work together to expand the business worldwide starting...
Convenience stores need strengthened security
Calls are growing for law enforcement to strengthen security at convenience stores, as the number of crimes committed in them has reached 33,863 over the past four years, according to retail industry officials, Tuesday. Aside from petty crimes, there have also been cases of murder, robbery, rape and assault.
Chuseok giftset trade flourishes on secondhand platforms
A 33-year-old office worker surnamed Jeon recently sold a giftset she received from her company for Chuseok on Danggeun Market, the country's largest online secondhand market platform. Chuseok is a major traditional holiday in Korea, where people visit their families to share and exchange gifts of food.
E-commerce companies focus on creating synergy with newly acquired units
First-generation e-commerce firms are in the process of creating synergy with newly acquired companies and finding new business opportunities in the increasingly competitive online shopping market, according to industry officials, Monday.
POSCO International to ship corn to Korea from Ukraine
POSCO International will transport corn from Ukraine to Korea, which had been stopped due to the ongoing war there with Russia since February. A ship containing 61,000 tons of the grain left the port of Pivdennyi, Ukraine on Aug. 16 and will arrive at Incheon Port in late September, the company said Friday.
AmorePacific expands presence in North America with Tata Harper acquisition
AmorePacific has acquired U.S. natural luxury skincare firm Tata Harper to lower its dependence on the Chinese market and expand its business in North America, the company said Friday. It said it bought a 100 percent stake in Natural Alchemy, operator of Tata Harper, for 168.1 billion won ($123.36 million).
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