Samsung has not officially responded to the news that prosecutors are appealing the court’s decision to acquit Samsung Electronics Chairman Lee Jae-yong. However, there’s an atmosphere of tension as the reality of him not yet being free from legal risks looms.The Seoul Central District Prosecutors’
A controversy has been brewing over the pricing policy of Five Guys, a U.S. hamburger brand that recently landed in Korea led by Hanwha Group’s Kim Dong-sun, head of strategy at Hanwha Galleria and the third son of Hanwha’s chairman.FG Korea, a subsidiary of Hanwha Galleria and the operator of Five
In the fiercely competitive landscape of South Korea's 5 trillion won burger market, Shake Shack, a front runner in the premium burger sector, is setting out to solidify its top position.According to market research firm Euromonitor on June 15, the domestic burger market, worth 2.6 trillion won
By the end of this month, “Five Guys,” one of the top three American burger chains, will be launching its first branch in the Gangnam district of Seoul, South Korea, drawing attention to competition in the premium burger market.According to industry insiders on June 1, In-N-Out Burger, the only one
Foreign franchise companies continue to make forays into the Korean market. While various types of food brands such as hamburgers, chicken, and coffee shops have already established themselves locally, there are still many companies that are poised to enter.However, there is no guarantee that all br
SPC Group announced on Oct. 14 that it has opened the ninth Shake Shack store in Singapore at Junction 8, a popular shopping mall located in the centre of Bishan.Shake Shack Junction 8 is located on the first floor of Junction 8, the largest shopping mall in Bishan, which is a large residential area
McDonald’s, Burger King, Mom’s Touch and KFC have been put up for sale. According to investment banking sources, the estimated price of Mom’s Touch is approximately one trillion won and those of McDonald’s, Burger King and KFC are 500 billion won, 700 billion won and 100 billion won, respectively.Th
SPC Group announced on Aug. 30 that it has opened the seventh Shake Shack store in Singapore at Gardens by the Bay, a nature park in the central region of the city state.The new store is located in front of the Flower Dome at Gardens by the Bay, the world's largest botanical garden (greenhouse)
SPC Group announced on April 4 that its top officials discussed investment in Malaysia with visiting Malaysian government officials, including Senior Minister and Minister of International Trade and Industry YB Dato' Seri Mohamed Azmin Ali.SPC Group president Hwang Jae-bok explained the group’s
SPC Group announced on Feb. 9 that it has successfully opened the second shop of Shake Shack in Singapore, the Neil Road Branch, on Feb. 9.On the opening day, more than 300 customers lined up more than 200 meters before the opening time of 7:30 p.m. (local time).The Shake Shack Neil Road serves cust
As part of its annual Shackleton Lecture Series, Dulwich College Seoul welcomed Welsh adventurer Ash Dykes, who spoke on his incredible journey as the first person to walk the full length of the Yangtze River.On the 4,000-mile (6,400 km) trek, which he completed on Aug. 12, the 28-year-old Dykes exp
Best known for its Paris Baguette bakery franchise, SPC Group has opened four food brand stores in Singapore. The group is planning to make Singapore as its third axis of global growth after China and the United States.The group opened the new stores at Jewel Changi, a commercial complex connected t
Dulwich College Seoul welcomed on Sept. 10 the Honourable Alexandra Shackleton, the granddaughter of renowned Antarctic explorer Sir Ernest Shackleton, who spoke to two different student groups as part of the school’s Shackleton series of lectures.“These lectures, which are named in honor of Dulwich
Huh Hee-soo, vice president of SPC Group and the second son of SPC chairman Huh Young-in, was arrested on suspicion of smuggling and smoking liquid cannabis.The Eastern Branch of Seoul District Public Prosecutors' Office said on August 7 that he was arrested on August 6 on suspicion of violating
The SPC Group opened the 7th store of premium burger brand Shake Shack in Central City, a high-end lifestyle cultural complex in Banpo, southern Seoul, on April 12.The branch is located on the first floor of Central City, a complex of commercial buildings accommodating various convenience facilities
The SPC Group landed the right to operate the food and beverage concession business for the central and eastern parts of Terminal 2 of Incheon International Airport through a public tender last January. Therefore, the company has come to operate 26 stores including those of its 18 brands at the cent
On April 25, the SPC Group said that the company sold more than 120 million units of natural yeast bread of its own development in total in one year since its launch.The SPC Group discover natural yeast (SPC-SNU 70-1, patent registration number: 1015518390000) for baking in malted rice by collaborat
The SPC Group announced on April 6 that it opened the third store of “Shake Shack,” a premium burger brand on the first floor of Doota Building in Dongdaemun of Seoul.The 348-square-meter and 116-seat Doota store of Shake Shack is located in Dongdaemun, a typical fashion and shopping center and a de
The SPC Group has announced on March 24 that the company installed “Hoarding,” the fourth Shake Shack Store at AK Plaza in Seohyun-dong in Bundang, Gyeonggi Province.Shake Shack’s Bundang branch is the first store outside of Seoul. AK Plaza is a major shopping center and meeting place in the souther
Singapore cut its corporate tax rate from 20 percent to 17 percent in 2009 in order to attract more foreign investment through tax cuts. In two years of time, Singapore was picked out by the People’s Bank of China as a hub of yuan-based financial transactions. Now, it is a yuan hub comparable to Hon