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Biz & Tech

Retail & Food

Sun, April 5, 2020 | 13:05

Baedal Minjok's new fee system unwelcomed by restaurant owners

Baedal Minjok's new fee system unwelcomed by restaurant owners

The country's No. 1 food delivery service operator, Baedal Minjok (Baemin), acquired by Germany's Delivery Hero, recently introduced a new fee system for advertisement on the mobile application.

Kim Jae-heun | 2020-04-02 17:20

Hite Jinro's FiLite beer enjoys soaring popularity

Hite Jinro's FiLite beer enjoys soaring popularity

Hite Jinro is enjoying soaring popularity with its low-malt beer FiLite from consumers who prefer to drink at home, the company said Thursday.

Baek Byung-yeul | 2020-04-02 17:02

Coupang to expand fintech business

Coupang to expand fintech business

Coupang has decided to separate its Payment Gateway (PG) business from the e-commerce sector and establish a new company under the tentative name of “Coupang Pay” starting Wednesday.

Kim Jae-heun | 2020-04-01 19:31

Naver to acquire Demae-can to gain delivery service sector in Japan

Naver to acquire Demae-can to gain delivery service sector in Japan

Korea's No. 1 search engine Naver is continuing efforts to discover the next “Line,” the most used free instant messaging application in Japan that was developed to help people communicate after a big earthquake hit east Japan in 2011.

Kim Jae-heun | 2020-04-01 18:43

BAT to invest 1 billion pound for 'less risky' products

BAT to invest 1 billion pound for 'less risky' products

British American Tobacco (BAT) will bet 1 billion pounds ($1.24 billion) in next generation products over the next three years, as part of its vision to have 50 million non-combustible product consumers by 2030, according to its Korean unit.

Nam Hyun-woo | 2020-03-31 17:26

LG Household & Health Care's American dream becomes nightmare

LG Household & Health Care's American dream becomes nightmare

LG Household & Health Care's (LG H&H) has branched out into America but its prospects aren't looking too bright. The Korean cosmetic firm acquired American health and beauty company New Avon last April to act as a bridgehead into expanding its business into the world's largest cosmetics market.

Kim Jae-heun | 2020-03-31 09:52

Department stores to offer sales amid prolonged COVID-19 pandemic

Department stores to offer sales amid prolonged COVID-19 pandemic

Local department stores will begin their regular sales period from the first week of April for two weeks amid the prolonging COVID-19 pandemic here.

Kim Jae-heun | 2020-03-30 18:11

GS gears up for new start under CEO Huh Tae-soo

GS gears up for new start under CEO Huh Tae-soo

GS Group is gearing up for a new start under Huh Tae-soo, who was officially appointed as CEO of the group's holding company GS Holdings and chairman of the board during Friday's general meeting, the company said Sunday.

Baek Byung-yeul | 2020-03-29 17:16

Pulmuone noodle pack sales skyrocket in America

Pulmuone noodle pack sales skyrocket in America

Korean fresh food company Pulmuone is seeing positive results in the American market with its Asian noodle products. According to the company, Tuesday, annual gross sales of its noodle packs have skyrocketed, increasing six-fold in four years to record over $30 million. Pulmuone adopted the strategy of putting a strong emphasis on product quality, placing premium fresh noodle...

Kim Jae-heun | 2020-03-27 18:02

Coupang's value 'remains strong'

Coupang's value 'remains strong'

Some experts consider Coupang, South Korea's top-tier online retail platform operator, as an “unprofitable company.” However, it is still attracting investors and expanding its services, helping it maintain solid corporate value.

Kim Yoo-chul | 2020-03-27 16:21

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