Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Tmon undergoes makeover to pursue profit under new CEO
E-commerce is booming, particularly due to the pandemic. With just one click, customers can get almost anything they desire delivered to the doorstep within a day, or even hours. Major e-commerce companies such as Coupang and Tmon are reportedly seeing their annual turnover pass over the trillion-won mark, and similar companies have been springing up, presenting new services that maximize consumers’ convenience. But contrary to the attention these e-commerce firms are receiving, the ind
Consumer July 1, 2020
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Posco wins industry leadership award in 2020 Global Metals Awards
South Korea’s largest steelmaker Posco won the steel industry leadership award at this year’s Global Metals Awards, the company said Wednesday. Posco said it was selected as the winner at the awards ceremony, hosted by S&P Global Platts, for its business performance turning out relatively better than its competitors in times of protectionism spreading globally and worsening market conditions. The Global Metals Awards recognize those that motivate the metals industry to new w
Industry July 1, 2020
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Amorepacific, 11st forge strategic partnership
Cosmetics giant Amorepacific Group said Wednesday it has signed a strategic partnership with 11Street, an e-commerce platform, to reinforce its digital sales. Amorepacific CEO Ahn Se-hong and 11Street CEO Lee Sang-ho signed the joint business partnership deal at the cosmetic firm’s headquarters in Seoul. Under the agreement, Amorepacific will broadcast monthly live commerce shows on 11Street to promote its makeup products. The previous live broadcasts in April and May promoted Amorepa
Consumer July 1, 2020
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COVID-19, seafood, home meal: popular keywords for online shopping in H1
“COVID-19,” “seafood” and “home meals” have risen as popular keywords for online shoppers in the first half of this year, online grocery platform Market Kurly said Wednesday. Market Kurly said it analyzed sales data it collected from January to June and found that products related to the three keywords saw jumps in sales. Sales of items in the living and health category on the platform, such as face masks, grew by 170 percent compared to the year before.
Consumer July 1, 2020
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Lotte Department Store launches 3-hour delivery service
Lotte Department Stores said Monday it is starting a new delivery service where customers can receive their online orders within three hours inside Seoul as the first department store to offer such a rapid delivery service here. According to the retail giant, 90,000 products from 400 brands being sold at the department store branches will be available for the “Baro Baesong,” which is translated into direct delivery, to all areas in Seoul. All purchases on Lotte’s online pl
Consumer June 29, 2020
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Retailers see sales boost under nationwide K-Sale promotion
The retail industry is seeing sales recover, owing to the ongoing nationwide discount promotional event to revitalize the domestic economy, which has been suffering dampened consumer sentiment amid the COVID-19 outbreak. Major retailers saw sales grow during the first weekend of the government-led K-Sale period, locally dubbed “Donghaeng,” which kicked off Friday. According to Lotte Shopping, the retail arm of Lotte Group, sales of Lotte Department Store rose 21 percent from Fri
Consumer June 28, 2020
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Guinness World Records accredits Paris Baguette for roll cake
South Korea’s SPC Group, which operates bakery franchise Paris Baguette, said it has bagged a Guinness World Records certification for its bestselling roll cake brand. Paris Baguette’s sales of Silky Roll Cake topped 12.49 million from January 2015 to December 2019 in five countries -- Korea, China, the US, Singapore and Vietnam. It is the largest number of roll cakes to be sold and hence got the honor, the company said. When converted to distance, it is 3,000 kilometers when con
Consumer June 25, 2020
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GS E&C enters precast concrete business
GS Engineering and Construction said Thursday it is officially entering the precast concrete business by building a precast concrete factory in North Chungcheong Province. According to the company, it signed an investment agreement with the North Chungcheong provincial government and Eumseong County on Wednesday, to build the factory in the region. The factory will be built on a 150,000-square-meter plot of land inside the General Industrial Complex in Eumseong County, and it will be capabl
Industry June 25, 2020
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Daelim Industrial seeks patent for noise-control tech
South Korea’s Daelim Industrial said Thursday it has applied for a patent for its new technology that drastically reduces sound between apartment floors. According to the construction company, it analyzed the impact patterns of the footsteps of adults and children to develop the new method of topping two layers of mortar and one layer of insulation material on top of the concrete slab, which is the basic frame of a building. Dubbed the Noise Free 3-layer System, the extra mortar and h
Industry June 25, 2020
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Amorepacific, Bokwang Investment to become related via marriage
Amorepacific Group Chairman Suh Kyung-bae’s eldest daughter is getting engaged to the first son of Bokwang Investment Corp. Chairman Hong Seok-joon this weekend, according to industry sources Thursday. Suh Min-jeong and Hong Jeong-hwan, who started dating early this year after being introduced by an acquaintance, are set to hold an engagement ceremony at Shilla Hotel in Seoul at around 6 p.m. on Saturday. Both work at their fathers’ companies. Suh is the second-largest sharehold
Industry June 25, 2020
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Coupang opens recruitment for 200 tech positions
Korean e-commerce giant Coupang said it is recruiting about 200 tech talents, starting from Wednesday. The positions include software developers, product owners, product designers and more, with over five years of experience in their respective fields, Coupang said. For those hired in this recruitment, Coupang said it will also offer a signing bonus, starting from 50 million won ($41,600) upon joining the company. Coupang has tech development offices in the Silicon Valley in California as
Consumer June 25, 2020
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Samyang Foods rolls out Buldak character goods
Samyang Foods said Wednesday that it is rolling out various character goods to promote its Buldak Spicy Chicken noodle character Hochi. According to the company, it recently launched a Hochi emoticon for the mobile messenger service Line, for users in both South Korea and Japan. The emoticon is designed to encapsulate 40 expressions frequently used on the mobile chat app, represented by Hochi. The company, which makes the globally popular Buldak Spicy Chicken noodles, said it also launched
Consumer June 24, 2020
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Nongshim’s shrimp crackers ride on Rain’s ‘Gang’ meme, sales up 30%
The unplanned popularity of K-pop singer Rain’s music video “Gang” has led to a surprising side benefit for Nongshim, towing the sales of its steady-selling shrimp cracker by 30 percent, the company said Wednesday. According to the South Korean food firm, it saw the sales of its shrimp crackers jump to a record 7 billion won ($5.83 million), up by 30 percent, from May 23 to Tuesday compared to a year earlier. K-pop star Rain’s “Gang,” which is from his min
Consumer June 24, 2020
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Posco, partner firms up efforts to boost local economy
Posco said Tuesday it is promoting “good consumption” with its partner companies by making advance payments in traditional markets for vouchers to revive local economies depressed by the COVID-19 outbreak. On May 21, Posco Group and its 90 partner suppliers that provide equipment in Pohang, North Gyeongsang Province, and Gwangyang, South Jeolla Province, bought grocery vouchers from traditional markets there to donate to the socially vulnerable. Posco said the group and its partn
Industry June 23, 2020
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Coupang vows to sterilize millions of Rocket Delivery orders
Coupang, an e-commerce giant, said Tuesday it will reinforce hygiene measures to cleanse and sterilize millions of products ordered through its Rocket Delivery. Before the products are delivered to customers, the delivery worker will use a portable disinfectant to sterilize the product. The disinfectant is approved by the food and drug administrations of both Korea and the US, the company said. To allow the customers to double check, Coupang said it developed an alert system to notify the d
Consumer June 23, 2020
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