Despite the recession, the popularity of luxury jewelry continues to rise. According to data obtained by ChosunBiz on the 30th, the total sales of six global luxury jewelry brands (Cartier, Bulgari, Van Cleef & Arpels, Tiffany, Boucheron, and Chanel Jewelry) sold in domestic department stores last y...
“In the end, it means we won’t receive any money.” Sellers at Balaan, who were anxious due to delays in payment settlements, were devastated upon seeing a notice from CEO Choi Hyung-rok on the morning of the 28th. This was because there were only excuses, and no concrete plans on when they would rec...
LOTTE Chemical will sell its stake in the Japanese materials company Lezonac to secure additional liquidity. LOTTE Corporation announced on the 28th that LOTTE Chemical sold 4.9% equity of Lezonac for 275 billion won. This is the entire equity acquired in 2020. LOTTE Chemical realized a capital gain...
Carrot announced on the 28th that its separate sales last year amounted to 189.1 billion won, a 48% increase compared to the previous year. During the same period, its operating profit surged 3.8 times to 37.6 billion won, compared to 9.9 billion won the previous year. The operating profit and net p...
Amid controversy over unpaid sales proceeds, Balaan CEO Choi Hyung-rok issued an apology on the 28th. Previously, Balaan announced that it would confirm the unpaid amounts and schedule on the same day but failed to do so. On the same day, Choi Hyung-rok said in a notice to sellers, “I sincerely apol...
Kurly is conducting a public buyback of its own shares worth 15 billion won. Kurly held a board meeting on the 27th and approved the agenda regarding the acquisition of its own shares. The number of shares to be purchased is a maximum of 1 million common shares, which accounts for about 2.4% of Kurl...
COSMAX Group has reorganized the management structure of its major subsidiaries. The eldest son of founder Lee Kyung-soo, President Lee Byung-man will manage the business company, while the younger son Lee Byung-joo will lead the holding company. COSMAX announced on the 27th that it will appoint Lee...
Win Textile (PT. Win Textile), a subsidiary of the Global Sae-A Group, which is the world’s largest clothing export company, announced on the 27th that it has completed the establishment of eco-friendly production infrastructure and transitioned to 100% biomass at its fabric production plant in Indo...
SSG.com announced on the 27th that it will expand its early morning delivery service area to Gwangju, following the Chungcheong region, Daegu, and Busan. The plan is to expand the 'Ssg early morning delivery' service to Gwangju Metropolitan City based on CJ Logistics' logistics infrastructure. From ...
Amorepacific Corporation (#AmoreG) announced on the 27th that it has donated 200 million won for the recovery from the wildfire damage that occurred in Sancheong, Gyeongnam, and Uiseong, Gyeongbuk. The donation will be used for the rapid recovery of the affected areas and support for the disaster vi...
