Retail
Nongshim sells 1 million units of Shin Ramyeon Tumba in Japan within two weeks
Nongshim's initial shipment of about 1 million units of 'Shin Ramyeon Tumba' launched in Japan sold out within two weeks. On the 14th, Nongshim noted, "We are receiving great feedback for our differen...
Byun Ji-hee
Nongshim sells 1 million units of Shin Ramyeon Tumba in Japan within two weeks
Paik Jong-won plans legal action against malicious content targeting Theborn Korea
Paik Jong-won, the chief executive of Theborn Korea, announced that he is preparing legal actions against online content, including shorts, that distort the facts excessively for malicious purposes. D...
 
1h ago
|Yeon Ji-yeon
Lotte and KOTRA achieve $63.96 million in export consultations in Paris
On the 14th, Lotte and the Korea Trade-Investment Promotion Agency (KOTRA) announced that they held the 'Lotte-Korea Brand Expo in Europe' in Paris, France, from the 30th of last month to the 13th, su...
 
1h ago
|Choi Hyo-jung
Homeplus ends contracts for 17 stores amid failed rent negotiations in Korea
Homeplus has been negotiating with the landlords of its leased stores to reach an agreement on rent adjustments, but was unable to finalize an agreement by the deadline of May 15. Consequently, it has...
 
1h ago
|Jeong Jae-hwon
Korean supermarkets GS Retail and Lotte Shopping struggle in Indonesia market
Korean supermarket corporations entering the Indonesian market, which is growing based on a population approaching 300 million, are facing difficulties. GS Retail is pushing for the sale of its local ...
 
4h ago
|Jeong Jae-hwon
Korea faces health supplement safety debate as regulations ease on resale limits
This article was published on May 13, 2025, at 2:53 p.m. on the ChosunBiz RM report site. The Ministry of Food and Drug Safety is facing controversy as it extends the deadline for a pilot project on p...
 
17h ago
|Byun Ji-hee
Dior confirms hacking incident, customer data leaked but no financial info compromised
Luxury brand Dior has reportedly been a victim of hacking. On the 13th, Dior announced on its official website, "On the 7th, we discovered that an unauthorized third party had accessed some data of Di...
 
18h ago
|Jeong Jae-hwon
COSMAX reports 1st quarter profit rise to 51.3 billion won amid strong growth
On the 13th, the cosmetics Original Design Manufacturer (ODM) corporation COSMAX announced that its first-quarter performance has been provisionally recorded at revenue of 588.6 billion won and operat...
 
18h ago
|Jeong Jae-hwon
Hackers exploit SK Telecom incident, impersonate Korea Consumer Agency with phishing scams
The Korea Consumer Agency recently stated on the 13th that phishing and smishing messages impersonating the consumer agency are being sent out, exploiting the recent SK Telecom subscriber SIM hacking ...
 
19h ago
|Jeong Jae-hwon
H. Moser & Cie targets 4000 pieces in South Korea's luxury watch market
“Our brand has built its image around scarcity. Even on this new stage of Seoul, we will continue our deeper journey based on our passion for detail and dedication to essence.” Edouard Meylan, CEO of ...
 
19h ago
|Jeong Jae-hwon
Shinsegae reports 4.6 billion won operating profit, down 58.3% year-on-year
Shinsegae International reported preliminary first-quarter results on the 13th, with sales of 304.2 billion won and operating profit of 4.6 billion won. Compared to the first quarter of last year, sal...
 
20h ago
|Jeong Jae-hwon
Shinsegae reports 1st quarter operating profit drop to 132.3 billion won
On the 13th, Shinsegae announced that its first-quarter consolidated revenue and operating profit were recorded at 1.666 trillion won and 132.3 billion won, respectively. In comparison to the same per...
 
20h ago
|Choi Hyo-jung
HiteJinro to raise beer prices by 2.7% while freezing select items
HiteJinro announced on the 13th that it will increase the average ex-factory price of beer products by 2.7% starting on the 28th due to rising prices of key raw materials. This price increase is the f...
 
23h ago
|Byun Ji-hee
Paik Jong-won faces backlash over alleged illegal cooking pot use on television
Culinary researcher and broadcaster Paik Jong-won, CEO of Theborn Korea, has found himself at the center of controversy once again. He is accused of using an illegal cooking pot. According to an onlin...
 
23h ago
|Joey
Kurly achieves first consolidated operating profit of 1.8 billion won in Q1
The retail tech corporation Kurly recorded its first operating profit on a consolidated basis in the first quarter since its founding. According to the Financial Supervisory Service on the 13th, Kurly...
2025.05.13(Tue)
|Kim Eun-young
CJ CheilJedang withdraws major sales amid funding difficulties and tariff negotiations
CJ CheilJedang's affiliates or divisions seem unable to complete major mergers and acquisitions (M&A) as desired. CJ CheilJedang recently announced that it will withdraw all major sales. According to ...
2025.05.13(Tue)
|Yeon Ji-yeon
China's AliExpress halts sales of Chun Doo-hwan bags after protests in Korea
A bag featuring the face of former President Chun Doo-hwan was being sold on an online shopping mall before sales were halted following protests from May 18 groups. On the 12th, according to the May 1...
2025.05.13(Tue)
|Joey
CJ CheilJedang reports 333.1 billion won operating profit, down 11.4% year-on-year
CJ CheilJedang reported on the 13th that its consolidated operating profit for the first quarter of this year was 333.2 billion won, a decrease of 11.4% compared to the same period last year. Sales we...
2025.05.13(Tue)
|Byun Ji-hee
CU launches chicken ice cream after overseas social media success
CU announced on the 13th that it will launch the 'chicken ice cream,' which has generated buzz on overseas social media services (SNS), on the 14th, marking the industry’s first release of this season...
2025.05.13(Tue)
|Jeong Jae-hwon
K-beauty flourishes in Japan as Korean cosmetics dominate convenience stores
On the afternoon of the 27th of last month, in front of the Seven-Eleven convenience store near Ropponmatsu Station in Fukuoka, Japan. The store's shelves were filled with products from the Korean col...
2025.05.13(Tue)
|Choi Hyo-jung
HANSSEM reports 50.4% drop in Q1 operating profit to 6.4 billion won
HANSSEM announced on the 12th that its consolidated operating profit for the first quarter of this year was 6.4 billion won, a decrease of 50.4% compared to the same period last year. Sales fell to 44...
2025.05.12(Mon)
|Byun Ji-hee
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