consumer goods

Korean food CJ CheilJedang to open $72 million dumpling plant in Japan

South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 milli...

Economy China bans export of Korean goods containing its rare earth metals to US

The Chinese government has warned South Korean companies of retributions for exporting any product containing its critical metals to US military con...

Mergers & Acquisitions Aekyung Industrial up for sale as group struggles to ease liquidity crunch

South Korea’s Aekyung Group has put its flagship subsidiary, Aekyung Industrial Co., up for sale as part of broader restructuring efforts to s...

Retail Koreans’ craving for luxury goods fades

Until recently, it was not unusual to see people waiting in a long line in front of foreign haute couture brands’ stores early in the morning ...

Food & Beverage Korean snacks mesmerize global consumers amid K-pop popularity

South Korea’s snack exports soared to a record high in February, surpassing $40 million for the first time, as global demand surged amid the s...

Economy S.Korea logs current account surplus in Jan; Growth slows

South Korea reported a current account surplus for 21 straight months in January but with a moderated gain largely due to a contraction in the goods...

Webtoons Piccoma tops consumer spending ranking in Japan

Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...

Beauty & Cosmetics Korean cosmetics beat Chanel, Lancôme to rank top in US, Japan

South Korea’s cosmetics products, also known as K-beauty, have gained global renown, overtaking French brands such as Chanel and Lancôme...

Retail China's Miniso re-enters S.Korea

Miniso, a household goods store known as "the Chinese version of Daiso", has re-entered South Korea after three years.According to the retail indust...

E-commerce S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...

Automobiles S.Korea's personal mobilities firm GCoo enters Africa

South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...

Food & Beverage Nongshim captures young consumers in Indonesia

South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...

Korean startups Everyone deserves a good night’s sleep: Munice CEO

Insomnia is a common clinical phenomenon in modern societies profoundly affecting many people’s health and well-being, and South Korean startu...

Food & Beverage HiteJinro sees annual soju exports to Cambodia grow 31%

HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...

Electronics Galaxy S24 Ultra named best cellphone in US by consumer magazine

Samsung Electronics Co. 's Galaxy S24 Ultra was ranked as the best-performing smartphone in the US, surpassing Apple’s iPhone 16 Pro Max in a ...

Electronics Samsung tops US consumer TV satisfaction study

Samsung Electronics Co. ranked as the top TV brand for consumer satisfaction in the US, according to the 2024 American Customer Satisfaction Index (...

Korean stock market Korea Investment Management to launch two India-focused ETFs

Korea Investment Management said on Wednesday it will launch two active exchange-traded funds (ETFs) targeting the Indian market on September 10.The...

Artificial intelligence Liner ranks 9th in generative AI services selected by a16z

South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...

Electronics Samsung's AI home appliances hit 1.5 mn units sold

Samsung Electronics Co. said on Thursday that its cumulative sales of AI-integrated home appliances have surpassed 1.5 million units as of July this...

Electric vehicles Mercedes, BMW, Audi, VW offer deep discounts amid EV phobia in Korea

Imported vehicle dealers in South Korea are offering deep price cuts amid the growing electric vehicle phobia following a Mercedes-Benz EV blaze tha...

Companies Samsung, Ottogi unveil exclusive lifestyle TV goods

Samsung Electronics Co. announced on Friday that it collaborated with the domestic food company Ottogi to release limited edition goods called Samsu...

Economy South Korea’s Inflation reaccelerates in July

South Korea’s headline inflation picked up at a stronger-than-expected pace in July, reaccelerating due to higher prices for agricultural and ...

Electronics LG Elec opens LG Labs experience pop-up zone

LG Electronics Inc. announced on Wednesday that it will operate the "Wow Life's Good Lab" pop-up zone at Ground 220 in Yeongdeungpo-gu, Seoul, until...

Electronics LG Elec OLED evo TV tops in 14 countries

LG Electronics Inc. announced that its premium lineup LG OLED evo TVs achieved first place in performance evaluations by consumer media outlets in...

Retail Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots

Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...

Shipping & Shipbuilding Hanwha Ocean to cut CO2 emissions from ships with smart lighting

Hanwha Ocean Co., South Korea's third-largest shipbuilder, said on Friday it has won an approval in-principle (AIP) certificate from Korean Register...

Banking & Finance Mirae Asset's India Billion Consumer ETF surpasses $150 mn in net assets

South Korea's Mirae Asset Global Investments said on Thursday that the net assets of its TIGER India Billion Consumer ETF surpassed 200 billion wo...

Economy S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA

South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...

E-commerce Shopee to ramp up Korean goods sales in Vietnam, Thailand

Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...

Electronics Samsung Bespoke refrigerator sells 3 mn units in five years

Samsung Electronics Co. announced on Tuesday that the cumulative sales of its Bespoke refrigerator in the South Korean market have surpassed 3 milli...