South Korea’s top five duty-free shops achieved sales milestone of 10 trillion won (US$8.25 billion) in the first half and are set for a record-breaking year due to outlet additions and increased Chin…
YouTube is Korea’s favorite social media
User time on Korea’s favorite social media YouTube soared 38 percent over the last year as the average Korean spent 23 hours per month using the online video platform.…
Uber Eats leaves Korean food delivery market
Uber Eats is exiting from the Korean food delivery market after two years of service, another defeat for the multinational name Uber Technologies on the Korean turf after it struggled to launch ride-s…
The Shilla Online Duty Free launches Shilla Pay
The Shilla Online Duty Free has launched a new payment service, Shilla Pay, in collaboration with eBay Korea, the leading e-commerce company in Korea.…
How do companies attract millennials?
An increasing number of food and beverage, fashion and electronics brands are looking to visual artists to come up with unique products to appeal to young consumers, company officials said. …
Korea’s Missha opens 20th store in Turkey
Missha, a mid- to low-priced Korean cosmetics and skincare brand, has opened its 20th store Turkey, its parent company Able C&C.…
Lotte Duty Free launches TripTalk
Lotte Duty Free has launched a new content-sharing online platform for customers called TripTalk.…
Diageo Korea closes whisky production line in Korea
Diageo Korea, a top whisky manufacturer in Korea, will plug off its local plant in Icheon, Gyeonggi Province by June next year in response to waning demand for hard liquor.…
Korea’s food and beverage companies give up on TVs
Food and beverage companies in Korea have been reducing spending on TV commercials, while mobilizing resources to promote their products on YouTube to reach increasingly digital-savvy young consumers,…
Coca-Cola Korea appoints new CEO
Coca-Cola Korea has named Choi Su-chong as CEO, replacing Lee Chang-yeob, who held the position for 12 years.…