정재훤 기자

Jeong Jae-hwon Staff writer, Business & Tech News Desk

Total articles(351)
11Street launches shopping points event before May Grand 11 Day in Korea
11Street launches shopping points event before May Grand 11 Day in Korea
SK Square's subsidiary 11Street announced on the 15th that it will hold a 'pre-notification application event' that distributes shopping points ahead of the biggest shopping event of the first half of the year, 'Grand 11th Day', from May 7 to 17. Customers who apply for 'pre-notification' for the Ma...
CU Collaborates with Doosan Bears to Launch 14 New Snack Items
CU announced on the 15th that it will gradually launch 14 types of collaboration products with Doosan Bears, including beer, highballs, chicken, hot bars, and snacks, starting on the 23rd. CU plans to sequentially release a variety of products including Bears Lager cans, ale cans, the big ice cup, a...
Oasis acquires TMON for 18.1 billion won, rehabilitation plan pending creditor approval
Oasis, which operates the fresh food dawn delivery service company Oasis Market, has been selected as the final acquirer of TMON. The Seoul Bankruptcy Court on the 14th distributed a decision document containing this information and noted that it will determine the final approval through a stakehold...
Homeplus struggles with low customer traffic despite ongoing sales promotions
On March 13 at around 1 p.m. at the Homeplus store in Goyang City, Gyeonggi Province. Despite being a Sunday afternoon, the store was generally quiet. Shopping carts that did not meet customers were lined up long in the entrance's cart storage, and the aisles between the merchandise displays were em...
Nearly half of Korean franchise restaurants fail to recover investments in 3 years
Among the restaurant franchise stores, it was found that nearly half have not recovered their investment after 3 years of starting the business. The average recovery period for stores that recouped their investment was 31.4 months (2.6 years), while those still recovering are expected to take an ave...
11Street launches fast settlement service for sellers facing Balaan delays
11Street recently announced on the 14th that it will provide the '11Street Fast Settlement' service to sellers facing difficulties due to delays in settlements from the luxury vertical company (Balaan). The service pays 70% of the settlement amount the day after delivery and the remaining 30% the da...
CU launches next-day delivery service with industry-low rates in Korea
On the 14th, CU announced that it will implement the 'CU Next Day Guaranteed Delivery' service, which allows for delivery within the same area within one day, making it the first in the industry. This service delivers items received before 6 p.m. every day, excluding Saturdays, to the location desig...
Luxury platform Must It reports 7.9 billion KRW operational loss and 52% revenue drop
The luxury platform Must It announced on the 11th that last year's performance recorded sales of 11.9 billion won and an operating loss of 7.9 billion won. Compared to 2023, sales decreased by 52.2%, and the deficit increased by approximately 36 million won. Last year's net loss was 8.4 billion won,...
Homeplus bond victims sue MBK chairman Kim Byung-joo for fraud in Seoul
Investors, both individuals and corporations, who suffered losses from Homeplus's "asset-backed short-term securities" (ABSTB) have filed a fraud complaint against Chairman Kim Byung-joo of MBK Partners, the major shareholder of Homeplus. The Homeplus Goods Purchase Short-Term Securities Victims Eme...
IKEA Gangdong adapts to urban complexities to enhance Korean shopping experience
On the morning of the 11th, I visited the 'IKEA Gangdong' in Godeok-dong, Gangdong-gu, Seoul. The interior of the store, which has about a week until its official opening, was organized enough to welcome customers immediately. The warm light illuminated various types of furniture, including sofas an...
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