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Reporter : Kim Jae-heun
Thu, June 1, 2023 | 10:10
In-N-Out Burger pop-up store attracts record crowd
In-N-Out Burger, a major U.S. hamburger franchise based in California, opened a pop-up store in southern Seoul, Wednesday, for the first time since 2019, drawing a long line of people eager to taste the American burger, according to industry officials. The store sold burgers for only four hours from 11 a.m. to 3 p.m., but the line was formed hours before its doors opened.
CJ Olive Young expands alcoholic beverage business ahead of IPO
CJ Olive Young, a local health & beauty store chain, has been expanding alcoholic beverage sales as it prepares for an initial public offering (IPO), according to industry officials, Tuesday.
Retailers adopt generative AI to offer personalized products, services
Retailers are rushing to learn and use generative artificial intelligence (AI) to provide hyper-personalized products and services for tech-savvy young customers in their 20s and 30s, who have become a major consumer group, according to industry officials, Tuesday.
Running convenience stores becomes popular among people in 20s, 30s
Lee Sung-bong, 25, opened a CU convenience store in southwestern Seoul's Guro District last August, on recommendation from his parents who have been running one for years. “My parents have been in the convenience store business and they suggested I start my own,” Lee said.
POSCO International enters battery materials business
POSCO International has entered the secondary battery materials business in support of its parent firm's effort to specialize in eco-friendly materials, a company official said Monday. The trading firm signed a long-term supply contract with FARU Graphite in Tanzania, a subsidiary of Australian mining company Black Rock Mining, to receive 750,000 tons of natural graphite over...
Daewoo E&C strengthens ESG management
Daewoo Engineering & Construction (E&C) is accelerating its environmental, social and corporate governance (ESG) management plan in line with parent company Jungheung Group's ESG policy, the company said Monday.
CJ, Shinsegae study temple food to expand vegan lineup
CJ, Shinsegae and other food companies are rushing to study a variety of vegetable-based dishes served at Buddhist temples across the country to develop a series of vegan products amid the growing popularity of vegetarianism and plant-based food diets, according to company officials, Friday.
Traditional markets catch on with foreign tourists, young consumers
Thai tourist Rob Gorman, 34, visited Mangwon Market in Mapo District, western Seoul, three weeks ago when he came to Korea. “I saw my friend post a picture of this Korean tradition market on social media before and I wanted to go there so bad,” Gorman said.
Local food firms tightfisted on R&D investment
Food companies, eager to boost their profitability by raising prices of processed foods such as instant noodles, snacks and bread over the past year, appear to be neglecting investment in research and development activities, industry officials said Thursday. Most major firms' R&D expenses came to only around 1 percent of their total sales, showing no growth compared to 10 yea...
POSCO International to boost steel trade, energy business in Australia, Southeast Asia
POSCO International has decided to expand its steel trading and energy businesses in Southeast Asia and Australia to help boost Korea's faltering outbound shipments, company officials said Thursday.
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