Korean government announced stricter social distancing measures on 28th August to ban food and drink consumption inside of cafes and restaurants in the Seoul metropolitan areas in efforts to curb the …
How did South Korea’s retail industry do in July?
Retail sales in South Korea advanced 4.4 percent in July from a year earlier as online platforms have enjoyed a spike in demand for groceries and home appliances amid the coronavirus pandemic, data sh…
Ikea Korea’s sales grew by 30%
Ikea Korea said it saw sales growing by over 30 percent in the fiscal year of 2020 following increased interest in home furnishing amid COVID-19.…
South Korea lowers economic projections due to Covid-19
Analysts are lowering economic projections for South Korea following the spike of Covid-19 cases.…
South Korean food companies see massive sales growth
South Korean food companies scored massive sales growth in the wake of the COVID-19 pandemic, as the demands increased for products that can be consumed at home, in both domestic and overseas markets.…
Korean Air to sell its catering and duty-free business
Korean Air, Korea’s biggest carrier, said it will sign a deal soon to sell its in-flight catering and duty-free business to a homegrown private equity fund amid the growing impact of the coronav…
South Korea’s instant noodle market records high sales
The instant noodle market in South Korea recorded all-time high sales of US$952.2 million in the first half of this year, largely affected by the COVID-19 pandemic, data showed.…
South Korean airlines may face financial crisis
South Korea’s domestic airlines are facing increasing concerns that the airline industry’s financial crisis could worsen as the second wave of COVID-19 infections spreads quickly around So…
Hyundai Department Store Group to acquire SK Bioland
Hyundai Department Store Group decided to acquire SK Bioland, a cosmetics firm under SK Group, expanding its beauty and health care business.…
Chanel to sell on Kakao Talk
It did not take too long for Chanel to set aside its own policy and join others to sell cosmetics online.…