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Reporter : Kim Jae-heun
Fri, February 23, 2024 | 12:06
Securities firms raise outlook for Nongshim amid soaring overseas sales
Local securities firms have raised the outlook for Nongshim on the back of its soaring instant noodle sales in the United States and other overseas markets, according to analysts, Monday.
TV home shopping channels suffer worsening bottom line amid sluggish consumption
Major TV home shopping channels saw their bottom lines deteriorate further in the second quarter due to rising transmission fees paid to broadcasters and sluggish sales of profitable products such as furniture and home appliances, according to company officials, Sunday.
Foreign luxury goods makers boost partnerships with e-commerce firms to increase sales
International luxury goods makers are strengthening partnerships with Korean e-commerce firms to attract more young consumers shopping online as sales at department stores and other offline channels decrease, according to industry officials, Thursday.
Coupang-CJ conflict extends to parcel delivery workers
The conflict between Coupang and CJ Group has spread to parcel delivery as the country's largest e-commerce firm criticized the poor working conditions of CJ Logistics' delivery drivers, according to company officials, Sunday.
Hyundai Motor's programs well-received by 1,000 Scouts
Various programs Hyundai Motor is offering to some 1,000 participants of the World Jamboree Scouts from six countries have been well received, company officials said Thursday.
Department stores go all out to attract foreign tourists
Department stores are stepping up efforts to attract increasing numbers of foreign visitors to boost faltering sales as local households tighten spending amid rising debt and high interest rates, according to retail industry officials, Thursday.
Global fashion firms block Korean consumers' access to their IP addresses
Global fashion companies such as Ralph Lauren and Tommy Hilfiger have been found to have blocked Korean consumers' access to their home internet protocol (IP) addresses to prevent them from ordering goods from abroad, according to industry officials Wednesday.
Orion enters Vietnam's dairy market in collaboration with Dutch Mill
Orion has joined hands with Thailand's No.1 milk beverage company Dutch Mill to enter Vietnam's dairy market, the company said Tuesday. According to the company, its Vietnam branch signed a business agreement last December with Dutch Mill to be the exclusive seller of its products in Vietnam's market.
Convenience stores become popular among foreign tourists
A 33-year-old Thai tourist surnamed Sinchawla was surprised to see how much Korean convenience stores have changed since his last visit to Seoul in 2017.
Poongsan chairman to head FKI
Poongsan Chairman Ryu Jin has been tapped as the new head of The Federation of Korean Industries (FKI), one of the nation's major business lobbies said, Monday.
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