Articles by Lee Ji-yoon
Lee Ji-yoon
jylee@heraldcorp.com-
Local franchise chains enjoy royalty sales abroad
Tous les Jours on Thursday signed a royalty deal with CBM Corporation Co., a Cambodia-based franchise company, to allow its brand name to be used in the Southeast Asian country. Following the first deal with a Philippine retailer in December, the local bakery chain, operated by CJ Foodville, aims to
Industry Oct. 23, 2011
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GSK fined for colluding to block sale of generics
GlaxoSmithKline has been fined for colluding with a local drug maker to hinder the generic sale of its anti-emetic Zofran for the past 12 years, antitrust authorities said Sunday. It is the first time that a multinational drug company has been found to offer financial benefits in return for the with
Industry Oct. 23, 2011
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Tesco-Homeplus Academy to nurture global retail leaders
INCHEON ― The Tesco-Homeplus Academy will offer the highest standard of retail education programs, Homeplus CEO Lee Seung-han said Friday, celebrating the 100th day of the employee training institute in Korea. Homeplus, the nation’s No. 2 supermarket chain, started in 1999 as a joint venture between
Industry Oct. 16, 2011
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Firms develop ‘socially responsible’ products
Maeil, CJ, Amore Pacific make special products for minorities as part of CSRChung Hye-jin discovered her baby daughter had phenylketonuria, or PKU, 12 years ago. The rare disease affects only one in 60,000 babies here. In order to avoid damage to the brain, people with PKU should adhere to a strict
Industry Oct. 16, 2011
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CJ files suit to allow generic Viagra
Food and pharmaceutical company CJ CheilJedang on Wednesday filed a nullity suit against Pfizer over the “use” patent of impotence medicine Viagra. “This is the first lawsuit filed to nullify the patent of Viagra in Korea. Other drug companies that are preparing for the generic forms are also keepin
Industry Oct. 13, 2011
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FTC warns against fraud on social commerce sites
The Fair Trade Commission on Wednesday warned consumers to take extra care when purchasing products through social commerce websites. Social commerce, through which consumers can enjoy discount deals online, has grown rapidly into a 500 billion won market in Korea. FTC chairman Kim Dong-soo (Y
Industry Oct. 12, 2011
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Smart Korea shows off the nation’s IT progress, prowess
Visitors look around the booths of participating companies at KINTEX in Goyang, Gyeonggi Province, on Wednesday. (Park Hae-mook/The Korea Herald)Smart Korea 2011 on Wednesday kicked off its four-day run to show off the nation’s IT progress over the past year. The nation’s largest IT exhibition, mark
Industry Oct. 12, 2011
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Stock futures slip as Slovak vote awaited
World News Oct. 11, 2011
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Europe warned of systemic crisis over debt
World News Oct. 11, 2011
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Russia, China nearing agreement on gas: Putin
BEIJING (AFP) -- Moscow and Beijing are nearing the "final stage" of negotiating a huge gas deal delayed for years by disagreements on price, Russia's prime minister said Tuesday during a visit to Beijing.Vladimir Putin made the comments after meeting Chinese Premier Wen Jiabao on the first day of t
World News Oct. 11, 2011
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Ukraine's Tymoshenko sentenced to 7 years in jail
KIEV, Ukraine (AP) — Former Ukrainian Prime Minister Yulia Tymoshenko on Tuesday was found guilty of abuse of office and sentenced to seven years in jail, in a trial widely condemned in the West as politically motivated.Judge Rodion Kireyev also barred Tymoshenko, now the country's top opposit
World News Oct. 11, 2011
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Hallyu stars boost food brand sales in Korea
VIPS, a local steakhouse chain owned by CJ Foodville, has seen a 30 percent increase in its sales since singer/actor Rain became a commercial model for the company in July. “Many of the new customers are Rain’s fans from China and Japan who have watched the TV commercials through YouTube,” said a CJ
Industry Oct. 11, 2011
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Luxury brands probed over commission charges: FTC
The Fair Trade Commission said Tuesday that it has launched an investigation into major local and foreign brands sold at the so-called “Big Three” department stores in the nation. The probe started as part of the antitrust regulator’s determination to root out unfair business activities in the retai
Industry Oct. 11, 2011
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Regulator considering limiting micro credit card payments
The Financial Services Commission said Monday that it is considering allowing businesses to reject credit cards for small payments.The potential upper limit would be 10,000 won ($8.55) similar to the United States and Canada, which impose a $10 cap, the nation’s top financial regulator said. “This i
Industry Oct. 10, 2011
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Stores’ sales boom during Chinese golden week
Local retailers from duty-free shops to convenience stores enjoyed a sales boom during the Chinese golden week of Oct. 1-7, industry sources said Sunday. According to Lotte Department Store, transactions paid with China’s Union Pay credit card jumped 242.6 percent at all its stores last week compare
Industry Oct. 9, 2011
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