Search results for Paldo
Industry
hy combines equity, production and IP into one in new overseas business model
hy, formerly Korea Yakult, is expanding globally through a joint business model that combines equity investment, production and intellectual property. Through its U.S. joint venture HYH America with HYBE and Paldo, it has launched a new food and beverage brand, ARIH, developed from the planning stage with BTS. The brand begins sales at Walmart in the United States from April 24, with a South Korea launch planned for late next month.
Industry
Lotte Wellfood, Binggrae and Orion join price cuts as moves spread to snacks, ice cream and packaged bread
South Korean makers of confectionery, ice cream and packaged bread are cutting prices on some products as part of an effort to support the government’s price-stability drive. Lotte Wellfood, Haitai Confectionery and Orion will lower prices on 10 confectionery items by an average 2.9 to 5.6 percent. Lotte Wellfood and Binggrae will cut prices on eight ice cream products, while Lotte Wellfood and Samlip will lower prices on packaged bread.
Industry
Ramen makers cut prices selectively as Shin Ramyun, Buldak and Jin Ramen excluded
Major South Korean ramen makers including Nongshim, Samyang Foods and Ottogi will cut prices on some products from next month, industry officials say. The cuts exclude flagship brands such as Nongshim’s Shin Ramyun, Samyang’s Buldak Bokkeum Myun and Ottogi’s Jin Ramen. Companies say the moves aim to support price stability, but critics say the impact will be limited because high-recognition, high-sales products were left out.
