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Reporter : Kim Jae-heun
Fri, July 1, 2022 | 01:25
Former Deloitte exec selected as new CEO of Ediya Coffee
Ediya Coffee appointed former Deloitte Consulting Vice President Lee Seok-jang as the new CEO, the company said Tuesday. Lee is an expert on corporate management strategy and has consulted many times for major companies in and outside of the country. He graduated from Yonsei University and the College of Business at Ohio University in the United States.
Mom's Touch to make Thailand ASEAN market hub
Mom's Touch is entering the Thai market with a master franchise contract that it signed with local entertainment firm RS Group, the chicken burger restaurant chain said Wednesday. Master franchise is a franchise relationship in which the franchise brand owner grants to another party the right to recruit new franchisees in a specific area.
Food delivery firms see 1 million user drop after fee hikes
The number of people using the top three food delivery firms here decreased by more than 1 million in May due to delivery fee hikes after COVID-19 social distancing rules were eased, data showed Sunday. According to big data platform Mobile Index on June 3, the monthly active users (MAU) of Baedal Minjok, Yogiyo and Coupang Eats decreased by 3.4 percent from 33.21 million in ...
Luxury firms open high-end restaurants, coffee shops
Global luxury brands are opening high-end restaurants, coffee shops and other lifestyle-related businesses to solidify their customer bases and create new revenue streams, according to industry officials, Wednesday. Louis Vuitton and Gucci have recently opened new restaurants in Seoul where they receive customers only via advanced reservations. Louis Vuitton's very first pop-...
SPC acquires French sandwich franchise Lina's
SPC Group has acquired French sandwich and salad restaurant franchise Lina's, the company said Tuesday. Lina's was first introduced in Korea in 2002 after SPC signed a master franchise contract with Lina's Development to run its sandwich and salad stores in the country. After 20 years of operating the franchise business here, the confectionery firm decided to acquire Lina's D...
Retailers scramble to cope with soaring inflation
Discount stores, supermarkets and other retailers are introducing a range of measures to cope with surging inflation as they try to offer customers fresh goods and processed products at reasonable prices, according to company officials, Monday. The officials said that price hikes are inevitable to a certain degree, due to the soaring costs of raw materials, but they can minim...
Popeyes to return to Korea
American fried chicken restaurant chain Popeyes is returning to the Korean market after pulling the plug on its business here in December 2020. Its operator Restaurant Brands International (RBI) confirmed Monday it has signed an exclusive master franchise contract with its new partner NLC, a subsidiary of deep-sea fishery firm Silla. It will open its first store under NLC man...
Gmarket, Auction's 'Big Smile Day' festival gain popularity
“Big Smile Day,” the country's largest shopping festival hosted by e-commerce firms Gmarket and Auction, is enjoying huge popularity in its ninth year. The festival is being held from May 16 to 27 - and it is the first year of Big Smile Day since the two online platforms combined with Shinsegae Group.
Restaurant owners reel due to soaring ingredient prices
A 34-year-old owner of a salad restaurant surnamed Kim expected his business to improve shortly after the government drastically eased COVID-19 quarantine measures on April 18. However, soaring prices of wheat, cooking oil and other ingredients triggered by Russia's invasion of Ukraine have severely impacted his business.
Woowa Brothers founder visits US to see cooking, delivery robots
Woowa Brothers founder Kim Bong-jin recently visited University of California, Los Angeles (UCLA) to check out the latest robot developed by Dennis Hong, a professor and founding director of the Robotics & Mechanisms Laboratory (RoMeLa), according to Hong's Instagram. Hong posted pictures of Kim and himself at his research center on June 1, where the founder was looking at a ...
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