Around 11:00 a.m. Thursday at a coffee bar in Seoul’s Cheongdam-dong, a bunch of caffeine lovers took a few sips of their coffee served in tiny white cups.  Aside from the smaller servings, the place had another key difference from the many coffee joints that can be found in streets of Seoul. Many of its customers were indulging in their coffee standing because about half of the tables were standing tables with no chairs. The unique cafe is part of a new addition to South Korea&rsq

South Korean food company SPC Group said Thursday that it will be adding Pokemon themed items to the menu at its donut and ice cream franchises. Baskin Robbins said it will launch two new flavors — Pika Pika Pikachu and Come out! Squirtle — in May. Pika Pika Pikachu is a banana flavored ice cream with chocolate flakes, popping candies and a custard ribbon, while Come out! Squirtle is a soda and lemon ice cream mix. Customers can enjoy the ice cream in Pokemon themed cones, said BR

IDEG opens segregated portfolio company vehicle in the British Virgin Islands Announces new thematic fund product shelf, called T-I-M-E-S, with public debut of IDEG Ethereum Trust to qualifying investors Appoints Coinbase Prime a strategic partner ROAD TOWN, British Virgin Islands, April 12, 2022 /PRNewswire/ -- IDEG Asset Management Limited (IDEG), a professional digital asset manager, announced today that it has debuted its T-I-M-E-S product shelf of thematic digital as

South Korean confectionery SPC Samlip said Wednesday that it has nearly sold 10 million rolls of Pokemon Bread, less than two months after its release in February. As of Tuesday, it had sold 9.5 million rolls, and surpassing 10 million appears to be only a matter of time, as it continues to sell out. Pokemon Bread, which debuted in 1999, made its comeback two months ago, appealing to young adults who grew up watching the animation series. Amid explosive demand for the nostalgia-provoking prod

SPC Group said on Thursday it has opened its third Paris Baguette store in Jakarta, Indonesia, and will open a fourth one in nearby Bekasi later this month. The latest bakery cafe opening comes just four months after the South Korean bakery giant opened its first Paris Baguette store in Indonesia in November last year in Jakarta’s Ashta District 8 shopping mall. The third store is located in the center of the ground floor of Pondok Indah Mall, one of Jakarta’s five largest premium

The craze over Pokemon Bread shows no signs of abating, as the popular pastry series that has recently been revived has induced scenes of people waiting in line at supermarkets and adults posting their search to social media. According to manufacturer SPC Samlip, the supermarket pastry that comes with a sticker of one of the characters from the global hit anime and video game series Pokemon had sold 6.1 million rolls as of Monday. That means some 234,000 rolls were sold each day on average

Pokemon Bread, an iconic pastry series with kids of the 1990s, has been flying off the shelves since its return last week. Manufacturer SPC Samlip said Thursday, it had sold 1.5 million of the rolls over the previous week, six times more than the first week sales of the company’s average for a new product. The key to success lies in tapping into millennials’ nostalgic tendencies. Released in 1999, Pokemon Bread took the youth of the time by storm. The roll wasn’t the main

SPC Group said Friday that it has acquired the operation rights of US burger chain Shake Shack in Malaysia and will open the first store there in 2023. The Korean confectionery conglomerate owns the operating right of Shake Shack in Korea and Singapore. It has opened 20 stores in Korea and eight in Singapore since 2016 and 2019, respectively.  Michael Kark, chief global licensing officer of Shake Shack, said that the US burger chain and SPC will have more than 45 Shake Shacks across Korea

SPC Group Chairman Hur Young-in stressed corporate sustainability during a New Year meeting held Monday, urging executives to carry out the company’s vision of building its legacy as a global enterprise with more than 100 years of history. At the virtual meeting, he suggested three objectives: ensuring unrivaled product quality, innovating corporate culture and integrating environmental, social and governance values into its franchises. Chairman Hur set forth his aspiration to augment R&

Paris Baguette operator SPC Group promoted its third-generation heir Hur Jin-soo as president of Paris Croissant, the group‘s de facto holding company, the firm announced Thursday. The recent promotion is in recognition of Hur’s contribution to raising Paris Baguette’s brand awareness in major foreign markets, explained SPC. He also led the bakery chain’s joint venture project in Indonesia and Cambodia this year. At its global branches, SPC appointed foreign executive

Police on Thursday transferred to the prosecution a man who recorded a video that created a controversy over the unsanitary conditions of a factory baking products for Dunkin’ Donuts. The Anyang Dongan Police Station in Gyeonggi Province has been investigating the worker who took the video of the factory in Anyang for suspicions of business obstruction after BR Korea, an affiliate of the SPC Group, which operates the donut chain, filed a complaint against him. The video stirred public u

SPC Group said Thursday it opened the nation’s first Paris Baguette bakery in the Ashta District 8 shopping mall of Indonesia capital Jakarta. The move comes after the South Korean food company set up a joint venture with its local partner, Erajaya Group, last month. With a population of 270 million, Indonesia is SPC’s seventh market. The 189-square-meter space is located in the city’s biggest commercial area, the Sudirman Central Business District, and boasts more than 50

SHENZHEN, China, Oct. 26, 2021 /PRNewswire/ -- ZTE Corporation (0763.HK / 000063.SZ), a major international provider of telecommunications, enterprise and consumer technology solutions for the mobile internet, today announced that the company's Executive Vice President and Chief Operating Officer Xie Junshi has delivered a keynote speech entitled "Winning future with digital intelligence" at its Global Analyst Conference held online on October 25th, 2021. Mr. Xie's speech presents

SPC Group’s bakery chain Paris Baguette will enter Indonesia, opening its first franchise store in Jakarta next month, it said Monday. According to the South Korean food and bakery maker, it has has set up a joint venture with Indonesia’s Erajaya Group for the purpose. The joint entity will operate Paris Baguette bakeries in Indonesia. Following the November opening of the first store in the capital, more Paris Baguette stores will be added in major cities like Bali and Medan, SP

SK Inc., the holding firm of South Korean conglomerate SK Group, said Friday it has additionally invested 65 billion won ($55 million) in Perfect Day, a US alternative milk maker, following 54 billion won of funds last year. SK said it joined the latest round of funding for Perfect Day, which drew $350 million from several global investors, including Horizon Ventures, Temasek, CPP Investments and Bob Iger. Perfect Day, known for its animal-free dairy products, launched an ice cream brand "B