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Reporter : Kim Jae-heun
Wed, August 17, 2022 | 12:56
Consumers angered by luxury fashion platforms' return policies
Consumer complaints are growing over luxury shopping platforms' poor return policies, as most of them charge fees to return items and some even refuse to allow returns, according to industry watchers, Sunday
Samsung promotes Korea's bid to host World Expo 2030
Samsung Electronics Vice Chairman Han Jong-hee recently visited southern Africa to check on the company's business there and meet with local government officials to ask for their support for Korea's southern port city of Busan hosting the World Expo 2030, the company said, Sunday. Han met South African Minister of Trade, Industry and Competition Ebrahim Patel and Minister of ...
Lotte Chilsung Beverage CEO's leadership questioned over numerous scandals
Lotte Chilsung Beverage CEO Park Yun-gie's leadership has been put under the microscope as the company has been involved in several scandals recently. In June, a Lotte Chilsung employee quit her job after revealing that she had been sexually harassed and verbally abused by a colleague
POSCO International to merge with POSCO Energy
POSCO Group is combining its trading arm, POSCO International, with its power generation unit, POSCO Energy. The merger was authorized at a board meeting on Friday. The steel-making conglomerate plans to finalize the merger deal on Jan. 1, 2023, after obtaining approval at a general shareholders' meeting scheduled for Nov. 4. When POSCO International and POSCO Energy are comb...
Disney beats Netflix in streaming subscribers
The Walt Disney Company's over-the-top (OTT) services surpassed that of Netflix, the company's earnings announcement showed on Wednesday, local time. In the third quarter of fiscal year 2022, Disney Plus saw its number of subscribers increase by 14.4 million to reach 152.1 million in total. The figure is far over the market consensus of 147.7 million
SK asks Poland to support Busan's bid to host World Expo
SK Innovation Vice Chairman Kim Jun visited Poland to ask for the Polish government's support for Korea's bid to host the World Expo in Busan in 2030. Kim also discussed ways for his company to cooperate with Poland on SK Group's future green energy businesses
Convenience stores offer unconventional products for Chuseok
Convenience stores are introducing rather unconventional products and services to attract consumers ahead of Chuseok, the traditional mid-autumn holiday, on Sept. 10, according to industry officials Wednesday. Major convenience stores like CU, Seven Eleven and GS have all started selling extravagant gift sets for the upcoming national holiday.
Retailers slash product prices to draw consumers as inflation soars
Retailers are adopting a “minimum price” marketing strategy to attract consumers amid soaring inflation, according to company officials Wednesday. Homeplus' heavily-discounted fried chicken costing 6,990 won ($5.34) per box and 9,990 won for two boxes has gained huge popularity among customers.
Musinsa's new store becomes hot spot in southern Seoul
Musinsa's second store opened in southern Seoul is becoming a new popular spot for millennials and Generation Z, just over a month after the country's largest online fashion platform opened the store on July 1, according to company officials, Tuesday. About 84,000 people have so far visited the shop.
Heavy downpour disrupts e-commerce deliveries
Local e-commerce firms' overnight delivery services early Tuesday were disrupted by the heaviest rainfall in 80 years in the capital region of Korea, according to company officials. Market Kurly notified all of its customers that it was unable to deliver a number of online orders on Tuesday morning due to the closure of roads in Seoul and surrounding areas
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