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Reporter : Kim Jae-heun
Thu, March 23, 2023 | 11:14
Companies rush to open pop-up stores to woo young consumers
Companies across the board, including food firms, entertainment agencies and foreign luxury brands, are rushing to open pop-up stores to meet with young customers and appeal to their corporate values, according to industry officials Tuesday. As the COVID-19 pandemic enters an endemic phase here, people are rushing out to enjoy outdoor activities, and pop-up stores have become...
Dongwon, Binggrae recall contaminated products
Dongwon Food & Beverage (F&B) and Binggrae have issued recalls for their products that have been found to contain bacteria and iron fragments, while providing refunds to buyers, according to company officials Monday.
Koreans' per capita spending on luxury goods highest in world
Koreans were found to have spent the most per capita on high-priced bags and other luxury goods, according to a report by Morgan Stanley. The global investment bank said it estimated that Koreans' total spending on luxury items grew 24 percent to $16.8 billion (208.6 trillion won) in 2022 from a year ago, which is about $325 per person. The per capita figure is far more than ...
Kangwon Land to export slot machines to casinos in Philippines
Kangwon Land will export slot machines to the Sheraton Manila Bay Hotel in Manila, after signing a sales contract with RGB, the largest slot machine retailer in Southeast Asia, the company said Tuesday. The company will first manufacture 30 slot machines and send them to the casino in the Philippines through RGB, which will be installed for use by April.
Concerns grow over ready-made frozen foods
A 28-year-old barista surnamed Lee eats frozen foods at his work place from time to time, given that he doesn't have enough time to cook or rest during his lunch break. “I often eat fried rice foods that come in a frozen pack because they are ready-made and they only take two to three minutes to defrost. I kind of know they are not good for my health because they contain a hi...
POSCO Holdings opens 'Silicon Valley office to foster ventures
POSCO Holdings has begun operating a startup development facility for venture companies in Silicon Valley's San Jose the company said Wednesday. It held an opening ceremony for the CHANGeUp GROUND Silicon Valley office, Tuesday (local time), inviting 70 relevant officials from Korea Development Bank, the Korea Venture Investment Corp., Samsung, SK Group and Hanwha Group.
Hyundai Motor Group wins 11 Good Design Awards
Hyundai Motor Group said Wednesday that its SEVEN and Trailer Drone concept vehicles were recognized at the 2022 Good Design Awards in the transportation category, while its Plug & Drive (PnD) Mobility robotic module, PnD L7 and Mobile Eccentric Droid (MobED) robot have won awards in the robotics category. “Hyundai Design strives to forge strong connections between our custom...
Consumers frustrated with food firms' price hikes despite falling raw material costs
A 35-year-old office worker named Kil is definitely not happy with food and beverage companies raising prices on all of their products from the beginning of this year. “The price of water went up, the price of soda went up, the price of fried chicken went up and processed food prices went up. How are people going to live with all the food prices going up? They already increas...
Fila Holdings included in S&P Dow Jones Sustainability Indices
Fila Holdings was newly included last month in the 2022 Standard & Poor's Dow Jones Sustainability World Indices (DJSI) Korea - a key benchmark for companies' environmental, social and corporate governance (ESG) management, the company said Tuesday. DJSI is a family of evaluations published by international financial information agency S&P Global, tracking the world's leading...
Nongshim opens Shin Ramyun pop-up store in Seoul
The country's largest instant noodle maker Nongshim opened the Shin Ramyun Cafeteria pop-up in Seoul on Monday, riding on the popularity of its metaverse version that gathered 40,000 visitors online. “After Shin Ramyun Zepeto Cup Noodle gained so much love, we decided to run a pop-up store in the real world to provide a unique experience to consumers,” a Nongshim official sai...
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