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Reporter : Kim Jae-heun
Fri, July 1, 2022 | 01:44
SPC competes with Coupang, Woowa Brothers in quick commerce
Competition is heating up in the rapidly growing “quick commerce” market with SPC Group launching “Happy Crew” delivery services on Monday for its popular franchise businesses such as Baskin Robbins, Shake Shack and Egg Slut. “Quick commerce” refers to delivery services that take less than an hour following order receipt.
Kakao struggles to acquire SM Entertainment amid founder's demands
Kakao has been in a dilemma over its attempt to acquire SM Entertainment, as SM founder and chief producer Lee Soo-man continues to request his involvement in the management of Korea's largest talent agency, even after he sells off his entire 18.27 percent stake, according to industry officials.
Restaurants, cafes face customer complaints about plastic cup ban
Restaurant and coffee shop owners are struggling with customer complaints over the government's ban on the use of disposal cups and dishes for sit-in customers. The ban went into effect Friday after being eased since 2020 to prevent the spread of COVID-19.
SK bioscience ready to seek M&As
SK Bioscience will spend 1.6 trillion won ($1.31 billion) to acquire competitive vaccine and bioscience companies on its home turf and abroad, as well as to develop innovative medical products, it said, Thursday. The company also said it will do everything necessary to receive government authorization for domestic use of its COVID-19 vaccine, GBP510, by June.
Naver, Kakao compete over top spot in Japan's comics market
Korea's two largest IT firms Naver and Kakao are battling for the top position in Japan's comics market, which they evaluate as a “strategic hub” in the global market, according to industry analysts Wednesday.
Daesang opens kimchi factory in Los Angeles
Daesang has opened its first kimchi production facility in Los Angeles to meet increasing demand for the traditional Korean food in the United States, the company said, Tuesday. It also plans to ship kimchi made in the U.S. plant to Canada, Australia and European countries.
HiteJinro to strengthen Terra beer marketing this year
Local multinational brewer and distiller HiteJinro is set to beef up the marketing policy for its popular beer product Terra this year, targeting both the household market and entertainment venues. In February, HiteJinro introduced a bottle opener called “Spooner” specially designed for Terra beer.
Consumers blame OTT service for Coupang membership fee hike
Some consumers are urging Coupang to get rid of its money-losing over-the-top (OTT) service, which they blame for the planned price hike of online retailer's membership from 2,900 won to 4,990 won from June, according to industry analysts Monday.
Young Chemical to play key role in Endoderma's microneedle business
Young Chemical has been conducting research and development of microneedle technology for five years - aware of its huge potential for growth. It provides customized fabric according to the type of microneedle, which only four local start-ups are capable of doing.
Endoderma sees bright future for microneedle technology
Local bioindustry venture company Endoderma sees a bright future for its microneedle technology, which can be used for both cosmetics products and medical applications. Currently, its latest technology is utilized in cosmetics procedures only. But once the government approves it for medical use, it will open up a whole new market for Endoderma.
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