Tag: angel

  • South Korean Beauty chains stop selling DHC products after Youtube commercial

    South Korean Beauty chains stop selling DHC products after Youtube commercial

    South Korean health-and-beauty stores have suspended sales of products from Japanese beauty firm DHC Corp, after the company made offensive remarks about Koreans.

    The products are being withdrawn from shelves of retailers in yet another chapter of a growing diplomatic row between the two countries.

    Since entering South Korea in 2002, DHC has gained popularity with cleansing oils and other products and has entered local H&B stores and online malls.

    However, DHC has been embroiled in controversy after saying on its television network subsidiary that “South Korea is a hot-tempered country, and the boycott will not last long”’, and using the word ‘Joseonjing’, a disparaging expression for Korean people, saying that South Koreans were not able to text Chinese characters.

    Olive Young, a leading health-and-beauty chain, said it stopped selling DHC Corp products at its online store on Monday morning.

    Olive Young also ordered its 1200 brick-and-mortar branches to move the display locations of DHC products, following guidelines to minimize consumer exposure to the Japanese company’s wares.

    As DHC’s subsidiary, “DHC Television,” was found to have aired YouTube content with hateful comments on South Korea, the move is attributed to worsening public sentiment, including a boycott among Korean consumers.

    “Because of realistic problems such as contract relations with partners, we are first giving guidelines such as changing the location of displays in the store and temporarily suspending sales at online malls and reviewing various measures,” an official at Olive Young said.

    Lalavla, South Korea’s second-largest health-and-beauty chain, operated by GS Retail Co, has also decided to stop selling some 20 DHC products at online malls and 150 offline stores.

    The location of the remaining stock will be relocated to a less visible location.

    LOHB’s, run by retail giant Lotte Group, also suspended sales of DHC products at its online mall on Monday and stopped stocking DHC products at about 130 offline stores nationwide.

  • Grocery e-commerce startup Kurly raises Millions

    Grocery e-commerce startup Kurly raises Millions

    Korean grocery delivery service Kurly has closed an upsized Series D round that hit US$113 million.

    The round was announced last April at $88 million, but has since attracted an additional $25 million funding from China’s Hillhouse Capital.

    Kurly delivers all orders placed by 11 pm before 7 am the following morning, prioritising convenience over cost savings and focusing closely on self-branded produce and groceries. This distinguishes its service from competing retail giant Coupang’s moves in the sector, which uses a marketplace platform to connect retailers and consumers.

    “The latest round of investment is a major endorsement of the progress we’ve made differentiating ourselves in the market through our cold-chain fulfillment infrastructure and unique offering of premium, curated products,” said company founder Sophie Kim. “Our focus is on further strengthening our relationships with our suppliers, developing our fulfillment infrastructure and continually improving our customer experience.”

    Kurly’s revenue tripled year-on-year to hit $131 million last year, although the firm did not release its profit-and-loss figures.

    Hillhouse Capital has offices in Hong Kong, Beijing, Singapore and New York. It focuses on investments in Asia.