Most Popular
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Yoon warns North Korea against nuclear attack attempt
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Seoul mayor suggests shift in immigration policy
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AI textbook bubble could burst, expert warns
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'Smart pill'? ADHD treatment prescriptions spike this year
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[KH Explains] Korea pursues ‘fire-free’ batteries amid EV fears
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Samsung tightens its belt amid crisis winds
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Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO
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[Herald Review] One of Netflix's most expensive Korean originals returns, but at what cost?
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Man calls 119, found dead 1 week later because officials went to wrong place
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Prosecution closes 'Dior bag' case amid opposition uproar
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KRX to unveil new corporate responsibility index
Korea’s main bourse operator announced Thursday it will release a new index for measuring a listed company’s environmental, social and governance performance later this month. The Environmental, Social and Governance index, or ESG, is one of the United Nations’ principles of responsible investment, which encourages investors to look into corporate responsibility factors in making investment decisions. For the ESG index to gain investors’ support, the Korea Exchange said the market needs an enha
Nov. 12, 2015
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E-mart Peacock gains footing in packaged food market
E-mart’s own packaged food brand Peacock is fast gaining firm footing in the nation’s home meal replacement market, its latest sales data showed Thursday. Following its launch two years ago as Shinsegae Group vice chairman and heir apparent Chung Yong-jin’s pet project, its sales reached 68.3 billion won ($59.2 million) in the first 10 months this year, up 55.2 percent from the same period last year, the company said.Peacock now makes up more than 10 percent of packaged food sales at E-mart, a S
IndustryNov. 12, 2015
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Uniqlo launches extra warm Heattech wear
Uniqlo has launched an upgraded version of his signature Heattech performance wear, which boasts extra warmth and flexibility in comparison to the original.The extra warm Heattech products are able to trap heat 1.5 times better than the original Heattech garments. The quality of the fabric has been improved for a softer and smoother touch as well. Uniqlo particularly recommended that people who have to spend a long time in the cold during winter can make great use of extra warm Heattech goods.Me
IndustryNov. 12, 2015
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Suecomma Bonnie eyes new Chinese markets
Local fashion brand Suecomma Bonnie — established under Kolon FnC, Kolon’s fashion unit — presented its designs and latest products at a fashion presentation in Shanghai last week.Through the presentation, the firm is looking to better propagate its unique designs to potential Chinese investors. As the brand expands its global presence, Kolon is looking to rack up 100 billion won ($86.50 million) in sales over the next five years.Last year, Suecomma Bonnie sealed an exclusive license with Chines
IndustryNov. 12, 2015
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Can Genesis open new chapter for Hyundai?
Hyundai Motor vice chairman Chung Eui-sun makes a presentation on the vision of Genesis, the firm's new luxury brand, in Seoul on Nov. 4. YonhapHyundai Motor has made a splash in the auto industry since the nation’s top automaker, which had focused on the mass market, officially launched its premium brand Genesis on Nov. 4 to take on the global luxury car market. Through its artist’s rendering released Tuesday, the G90 (EQ 900 in Korea), the first model of Genesis showed it is bold and sleek en
MobilityNov. 12, 2015
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VOV, fashion designer launch makeup collection
Voice of Voices, better known as VOV, has collaborated with fashion designer Kwak Hyun-joo to launch its new holiday makeup collection.VOV, a makeup brand under LG Household and Healthcare, has launched a four-color eyeshadow palette, a glow metal CC cushion, a multifunctional lip tint, a waterproof pencil eyeliner as well as a multi-cushion pen.The palette is suitable for a gradation-based eye makeup while the CC cream is able to retain moisture for a brighter skin all day long. The range’s so-
IndustryNov. 12, 2015
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Galleria to showcase Patek Philippe
Galleria Department Store in Seoul will hold an exclusive exhibition of Patek Philippe’s latest luxury watches until Sunday.The exhibition is taking place in Seoul as part of the “2015 Patek Philippe World Tour,” which selects 20 countries around to world to showcase its classic collections and latest models, set to be presented at Baselworld 2016, an international watch and jewelry trade show in Switzerland.Galleria will showcase Patek Philippe’s Grand Complications watches, priced between 100
IndustryNov. 12, 2015
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Lotte to open duty-free store in Japan next year
Lotte Duty Free said Monday it would open a new branch in Ginza, Tokyo next year, a popular destination for tourists, particularly Chinese, to bolster its global presence. The company expects the duty-free shop to rack up around 200 billion won ($180 million) in annual sales by 2017, upon its opening next year, by attracting foreigners visiting Tokyo’s representative downtown district. Lotte is also looking to launch two more duty-free stores in 2017, one in Tokyo and another in Osaka, and more
IndustryNov. 12, 2015
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Foods that may help prevent Alzheimer’s
While there is no known cure for Alzheimer’s disease -- a chronic neurodegenerative disease considered to be one of the biggest threats to South Korea’s future economy -- researchers have found that certain foods may reduce one’s risk of developing the condition if consumed regularly. According to Dr. Moon Yeon-sil from Konkuk University Medical Center, those who follow a Mediterranean diet have a significantly lower chance of developing Alzheimer’s disease than those who don’t. The Mediterranea
TechnologyNov. 12, 2015
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Foreign beauty brands cost more in Korea
A local consumer advocacy group has recently confirmed the long-held rumors that foreign cosmetic brands charge Korean customers more than other overseas markets.The Consumers Union of Korea studied 65 major cosmetic brands sold in the U.S., the U.K., France, Germany, Japan and Korea from July 1-20 and found that the price of items sold at Korean department stores were on average 1.02-1.56 times higher than abroad. Products at drugstores were 1.11-2.46 times the average price in other countries.
IndustryNov. 12, 2015
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41 years on, Choco Pie still evolving
Everyone has a snack that holds a special place in their heart. For many Koreans, it’s the Orion Choco Pie. More than 18.3 billion of the chocolate-coated, marshmallow-filled cake sandwiches have been sold since 1974 around the world, from South Korea to Russia, China and Vietnam. “If you pile them, you could cover the globe 32 times,” said Shin Hyun-mi, an Orion spokeswoman. In its iconic TV commercial, Choco Pie represents “Jeong,” the idiosyncratic Korean emotion depicting inexplicable amiabi
IndustryNov. 12, 2015
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1 in 5 firefighters suffer from depression in Korea
More than 90 percent of South Korean firefighters feel unsafe at work due to insufficient safety measures, while 20 percent of them suffer from either depression or an anxiety disorder, a study by Korea University showed Thursday. The study, written by professor Kim Seung-sub from the school of health policy and management at the university, surveyed 8,256 firefighters stationed nationwide from March to September. The survey showed that 19.4 percent of the surveyed firemen, all of whom were gove
Social AffairsNov. 12, 2015
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AmorePacific, LG Household resolve patent dispute
Korean cosmetics giants AmorePacific and LG Household & Health Care on Thursday said they would share patents while dropping all litigations against each other. In particular, the deal will allow LG to use AmorePacific’s patented global smash-hit cushion foundation techniques while AmorePacific will be able to use LG’s patented tooth-bleaching patch manufacturing techniques. “The two companies decided to acknowledge nonexclusive rights on patented cosmetics and lifestyle goods between themselves
IndustryNov. 12, 2015
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Korea’s potential growth on decline: BOK chief
The Bank of Korea’s seven-member policy committee kept the benchmark rate untouched at 1.5 percent during their monthly gathering Thursday. It said their decision was unanimous during a news briefing session.As the central bank conducted cuts by 100 basis points between August 2014 and June 2015, the key interest rate is to stay at the historic low level for the sixth consecutive month until the next rate-setting meeting, which is slated for Dec. 10.BOK governor Lee Ju-yeol -- asked about the ou
Nov. 12, 2015
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G-Star offers glimpse of future of game industry
BUSAN -- Elves, monsters and supercars from popular online games became much more real at the annual G-Star game trade show, luring gaming aficionados to the event that opened Thursday in Busan. From car exhibits to stage shows, companies took their characters out of their game worlds to reach out to players. Models pose at game developer Nexon`s exhibition booth during the G-Star game trade show on Thursday in Busan. (Kim Young-won/Korea Herald) The four-day trade show is a venue for game devel
TechnologyNov. 12, 2015
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[Editorial] A weirdo
Former intelligence chief Kim Man-bok, in many respects, is a strange figure. He has generated so many controversies that many say even now, seven years after he stepped down from his post, that he should never have held such an important position. Such a view may not be too harsh, if one looks at what Kim has done during and since his stint as the head of the National Intelligence Service from 2006-2008 during the Roh Moo-hyun administration. For starters, Kim made public -- in violation of t
EditorialNov. 12, 2015
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[Editorial] More finger-pointing
President Park Geun-hye, in nature, is self-righteous and unilateral. One need not look no further than the way she pushes the replacement of privately published Korean history textbooks for middle and high school students with state-authored ones. Park’s such “nobody but me is right and you should just follow me” approach is indiscriminate, with anyone -- even ruling party members and the National Assembly as a whole -- capable of becoming the target of her finger-pointing. Park, herself a fo
EditorialNov. 12, 2015
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N.K. nuke strategy moves toward ‘limited use’: scholar
North Korea’s nuclear strategy may be moving toward “limited use” with its growing nuclear stockpiles to further strengthen deterrence against conventionally superior adversaries including the U.S., an American expert said Thursday.Joel Wit speaks during a forum in Seoul. (Yonhap)Joel Wit, a senior fellow with the U.S.-Korea Institute at the Johns Hopkins University’s School of Advanced International Studies, also noted that over the last decade or so, Pyongyang’s strategy has been based on the
North KoreaNov. 12, 2015
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[Yu Kun-ha] Retooling Korea’s export machine
Korea’s export machine is faltering, causing concerns about the future of the Korean economy. Exports have long been the engine of Korea’s economic growth. Not anymore. Since the third quarter of 2014, exports have become a drag on it. Yu Kun-ha In the July-September period of this year, the economy expanded by a robust 1.2 percent on quarter on the back of a rebound in domestic demand. But exports’ contribution to this was minus 0.7 percentage point. The growth rate could have been much high
ViewpointsNov. 12, 2015