Offline retailer faces stiff competition from online stores
E-Mart, South Korea’s largest discount chain, saw its 2019 sales go down 1.7 percent from a year ago, the Seoul-headquartered company announced on January 10. The amount was 14.67 trillion won.
It...
Baedal Minjok founder points finger at Delivery Hero as reason of M&A deal
Woowa Brothers CEO Kim Bong-jin said that he will take charge of around half of Delivery Hero markets by selling his company to the German online food-delivery...
Korean conglomerate taps into US market
Hotel Lotte, a subsidiary of South Korea’s fifth-largest conglomerate Lotte Group, recently said that it had signed a contract to purchase a premium hotel in the United States.
Under the agreement, the Seoul-based company plans...
City officials keep an eye on Philip Morris Korea Plant
Months after Philip Morris Korea, which is headed by Chong Il-woo, was fined for discharging wastewater from its plant in Yangsan, the investigation on the case is still underway.
A Yangsan...
Childly's innovative service gains traction
Childly recently announced that its crypto wallet service, called Dove Wallet, is attracting global users based on its unique benefit of offering daily bonuses.
The Seoul-based start-up noted that it had offered around $50,000 to its...
German firm's market share to near 100% in Korea
Delivery Hero, a German online food-delivery service provider, agreed to take over Korea’s business bellwether Woowa Brothers, the two companies announced this week.
Under the $4 billion deal, the former will snap...
Various businesses are already underway: Chairman Oh
More than 2 million foreigners stay in South Korea, and the number is expected to almost double to some 4 million in a decade. But some question whether the country is genuinely ready...
Able C&C opens shop in Baghdad
Korea’s top-tier cosmetic brand Missha has waded into the Iraqi market for the first time among its competitors here as a part of its efforts to strengthen its presence in the global scene.
Able C&C,...
Korean webtoon platform starts global event
A popular Korean webtoon portal launched an event of giving global fans the chance to vote on their favorite webtoons in three languages over the next 10 days.
Lezhin Entertainment said Dec. 6 that the...
Unique biz platform set to bridge foreign & Korean CEOs
A unique business platform debuted in Seoul on Nov. 26 aimed at connecting Korean businesspeople with foreign entrepreneurs here in an unprecedented way.
It is the Global Business Alliance (GBA) of...
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Lotte founder passes away at the age of 98
Last first-generation tycoon leaves big legacy
Lotte Group founder Shin Kyuk-ho passed away of chronic diseases Sunday at the age of 98, the country’s No....
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