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Reporter : Kim Jae-heun
Thu, June 1, 2023 | 03:30
Luxury brands expand range of children's products in Korea
The children-focused products of international luxury brands such as Burberry, Moncler and Dior are enjoying growing popularity, as parents here are opening their wallets without hesitation for their children, according to industry officials Wednesday.
Eased regulations on major retail stores to intensify competition with e-commerce firms
As Daegu Metropolitan City announced its plan to allow major retail stores to stay open on weekends, the city governments of Daejeon and Gwangju also began reviewing the possibility of adopting the same policy. The government is also positively discussing ways to allow the stores to continue overnight delivery services on a daily basis including Sundays.
Korea starts operation of first autonomous buses
The country's first self-driving buses will start operating on a 22.4-kilometer route between Sejong Intercity Bus Terminal and Osong Station in Cheongju, North Chungcheong Province, the Ministry of Land, Infrastructure and Transport said Tuesday.
Hanwha, Doosan launch wine biz to compete with Shinsegae, Lotte
Hanwha and Doosan have recently launched their own wine businesses to compete with local retail giants. Doosan opened a large-scale wine bar called Tap Shop Bar at its Doota Mall in Dongdaemun, central Seoul, on Dec. 16. Customers can try various wines at the store and buy bottles of wine. Doosan said it wants to ride on the popularity of the wine-consuming trend among young ...
Insanga CEO selected for Proud Small Business Owner title
The CEO of Insanga, a local company manufacturing bamboo salts and health functional foods, was selected as a Proud Small Business Owner in the fourth quarter of this year by the Ministry of SMEs and Startups and the Korea Federation of SMEs, Sunday.
Woowa Brothers to root out malicious reviews
Woowa Brothers, operator of the country's largest food delivery platform Baedal Minjok (Baemin), has adopted a new review management policy based on the International Organization for Standardization's (ISO) newly enacted international covenant on online consumer reviews (ISO20488), according to company officials Friday.
Lotte busy holding charity events at year's end
Lotte is busy holding various charity events at the end of the year under the social contribution slogan, “Heart to Heart.” Lotte will collaborate with the Korean Salvation Army Korea Territory to launch a “Heart Temperature 37 degrees” campaign to help underprivileged children stay warm this winter. The campaign is a year-end charity event the two groups have held since 2016...
Dongwon F&B to lead zero calorie beverage market
Dongwon F&B has recently launched a zero calorie ion drink called Transparent Ion, followed by the introduction of Boseong Black Ice Tea Zero last June. The company is expanding its product line as part of its efforts to target the fast-growing zero-calorie beverage market here.
Only 16 Korean companies listed in Fortune Global 500
It appears that South Korea is less competitive than many advanced countries based on the number of its major global companies, their sales and the variety of industries. According to an analysis released by the Federation of Korean Industries (FKI) on Thursday, only 16 local firms (3.2 percent) have been included in the world's top 500 companies.
Coway's new 'Mine' massage chair to make splash
Local home appliance maker Coway's new massage chair “Mine” is leading the way here with its compact size and innovative technology, the company said Wednesday. The company designed the Mine to be more compact, taking into account new insights about consumer reluctance to purchase large-sized massage chairs, which currently prevail in the local market.