Chinese e-commerce platform Temu has secured a large logistics center in South Korea. Following the start of its recruitment of sellers for the open market, which connects sellers and buyers, it is accelerating its direct entry into the Korean market. According to the retail industry on the 20th, Te...
On the 20th, Philip Morris International (PMI) announced that it is accelerating the realization of its vision of a 'smoke-free future' thanks to the growth of its flagship non-combustible product, IQOS. According to PMI's announcement on its fourth-quarter and annual performance for 2024, the net s...
GS Retail projected that there would be structural changes throughout the retail industry this year, announcing a strategy to focus on solidifying internal strength rather than external competition. Oh Jin-seok, head of GS Retail's Platform Business Unit (vice president), attended the regular shareh...
Hyundai Futurenet will promote synergy among its IT divisions and expand new businesses this year. It stated that rumors about a merger with Hyundai Home Shopping and a delisting are not true. Hyundai Futurenet announced that it held its 33rd regular shareholders' meeting at SCC Hall in Seocho-gu, S...
On the 20th, Ibu-jin, president of Hotel Shilla, attended the regular shareholders' meeting and said, "By concentrating on the essence of each business and creating attractive products from the customer's perspective while optimizing operational efficiency, we will move beyond crisis management and ...
Homeplus announced on the 19th that LOTTE Chilsung Beverage and LG Electronics have resumed supply, and the supply agreement has entered its final stages. LOTTE Chilsung Beverage suspended supply on the 6th after Homeplus entered corporate rehabilitation procedures but resumed on the 18th. Other foo...
The popularity of K Beauty is spreading globally, changing the landscape of the domestic cosmetics market. While traditional giants Amorepacific Corporation and LG H&H hold the top two spots, emerging powerhouses such as Goodai Global and APR are challenging their stronghold. Meanwhile, Aekyung ...
Coupang announced on the 19th that it ranked 2nd in the '2025 World’s Most Innovative Retail Companies' selected by the U.S. technology and business media Fast Company. Fast Company selected 609 corporations that showed the most innovative business achievements last year across 58 categories, includ...
Coupang announced on the 19th that it held a ground-breaking ceremony for the Jecheon Advanced Logistics Center at the Jecheon Third Industrial Complex in Wangam-dong, Jecheon, North Chungcheong Province. Approximately 200 people attended the event, including Coupang CEO Park Dae-jun, National Assem...
The K-beauty brand Romand, renowned for its color cosmetics such as tints and shadows, has recently stirred up the industry by officially ending its collaboration with creative director Min Sae-rom, who has been at the forefront of creating the brand name and leading product planning. Romand is a co...
