Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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First lady’s Dior bag scandal to be at center of Assembly audit
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Yoon honors veterans of Korean War in trip to Philippines
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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[KH Explains] Can G-Star level up?
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Korean snacks make solid overseas inroads
Famous Korean snacks have captivated the taste buds of Asian consumers, making overseas sales more important for local confectionery companies grappling with slower growth on home turf, data showed Friday. Major Korean confectionery companies are increasingly setting their sights on a wider market after seeing robust growth in China and Southeast Asia over the past years. Orion Confectionery Co. is leading the latest trend with double-digit growth in sales of its potato chips, choco snacks and
Dec. 18, 2015
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Samsung Engineering-led group wins $800 mn plant order
Samsung Engineering Co., the plant engineering unit of South Korea's top conglomerate Samsung Group, said Friday its consortium has a received a US$800 million order to build a petrochemical plant in the United States.Under the deal, Samsung Engineering will get $430 million for design and procurement, while its consortium partner Chicago Bridge & Iron Company will be in charge of the construction estimated at $370 million.The project, launched by the U.S. subsidiary of Lotte Chemical Co., invol
Dec. 18, 2015
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Hotel Lotte set to submit IPO application next week
South Korean retail giant Lotte Group's hotel unit is set to submit its application next week for listing on the Seoul bourse, pushing for a market debut as early as March, according to industry sources Friday. Hotel Lotte plans to submit the application to the Korea Exchange on Monday for a preliminary regulatory review of its initial public offering, after clearing uncertainties surrounding the conglomerate's management and other issues. The listing of Hotel Lotte is one of the reform pledges
Dec. 18, 2015
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Coca-Cola releases Christmas specials
Coca-Cola Korea released its annual Santa Claus special edition, featuring Father Christmas’ image on the 250-milliliter glass bottle. The company also launched the Christmas Santa package, with four 190-milliliter bottled colas covered with an illustration of the Santa Claus holding up a cola bottle. The Santa Claus special edition is 2,000 won ($1.70) a bottle and the Christmas Santa package is 3,980 won. By Bae Ji-sook (baejisook@heraldcorp.com)
Dec. 17, 2015
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Samsung C&T brands embark on Tmall Global
Samsung C&T’s fashion division said six of its brands have started sales at Tmall Global, the online retailer operated by Alibaba.com.The brands on display are 8 Seconds, Bean Poll Accessories, Kuho, Beaker, Juun.J and Ravenova, which are widely popular among Chinese consumers, but do not have a direct retail outlet there. Samsung will hold a brand day promotion at the Juhuansuan, another website managed by Alibaba, introducing more than 600 items there from Dec. 24-25. By Bae Ji-sook (baejisook
Dec. 17, 2015
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WeMakePrice to hold beauty fair
E-commerce operator WeMakePrice will hold a beauty fair Saturday at the company’s headquarters in Samseong-dong, southern Seoul. The “family sale” event will feature cosmetics brand Agatha, Secret Age, Camiane and others sold at a bargain. Famous makeup artist Kim Seon-hee will hold a tutorial session while an auction event pricing luxury brand products from 100 won (8.5 cents) will be held to heat up the mood. All proceeds will go to IOM Migration Research and Training Center. For more informat
Dec. 17, 2015
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French gelato brand Amorino arrives in Seoul
The French ice cream brand Amorino on Tuesday said it has officially regularized the operations of its first Korean shop in Garosu-gil in southern Seoul. This will also be the gelato maker’s first Asian store, and the 126th in 14 countries. Amorino is famous for its gelato served in the shape of a rose, alongside other desserts including macaroons, chocolates and cakes. “Korea is a perfect place to test the waters of the Asian dessert market,” said Amorino CEO Christiano Sereni. By Bae Ji-sook (
Dec. 17, 2015
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Bon Point collaborates with Adidas
The French premium children’s fashion brand Bon Point launched a collaborative project with Adidas, adding giddy colorfulness to the German sportswear maker’s signature sneaker models. The Stan Smith model was reborn with green, blue, yellow and other colorful stripes. The Super Star model comes in suede with blue and white, or blue and yellow stripes. “We hope the shoes will complement a family look,” a Bon Point spokesman said. The sneakers will be on sale at Bon Point stores across the countr
Dec. 17, 2015
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Orion opens flake factory in China
Snack maker Orion started operations of its first potato flake manufacturing plant in China on Tuesday. The plant, situated in Beitun, is the sixth Chinese production plant for the country’s largest confectionary company, and will complete its full construction in 2017.Upon completion, the factory will be capable of producing 20,000 tons of potato flakes to be used in baked or fried potato chips every year, thus supporting Orion in cementing its status as China‘s second-largest confectionary mak
Dec. 17, 2015
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Korean firms cautious over Fed hike
In contrast to the central bank’s upbeat forecast of the U.S. rate hike on the Korean economy, the business circles here remained cautious on Thursday, devising ways to minimize the impact in the mid and long term. (Yonhap)The impact of the U.S. Fed hike -- the first in nearly a decade -- will not be felt right away, market watchers said, as the South Korean central bank is keeping its key interest rate at a record low level. However, many Korean companies are concerned about its global impact,
Dec. 17, 2015
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'Home’ will drive 2016 consumer trends: survey
Pressed for time and short on money amid an economic downturn, South Koreans today tend to seek sanctuary from the hustle and bustle of daily life at home -- a place of comfort where one can unwind and rest freely. As Koreans increasingly feel busy, anxious and short of money to spare, many are likely to spend more time at home next year, according to the 2016 Korea Trend Report by market researcher Macromill Embrain. “Home” is thus a key concept that will shape and drive consumption patterns ne
Dec. 17, 2015
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SUPPLY TO THAILAND
Golfzon CEO Jang Sung-won (right) shakes hands with Sikorn Cheeranavanit, CEO of Chunbok Co., a Thai tech company, after signing a contract to supply 100 golf simulators to Thailand at a ceremony in Bangkok on Wednesday. Golfzon
Dec. 17, 2015
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Samsung Securities launches convenient investment service
Samsung Securities is offering the “POP Fund Selection” -- annuity equity balanced-fund of funds -- a re-indirect fund for more convenient investment opportunities, company officials said.The officials said POP Fund Selection is run by Shinhan BNPP in accordance with Samsung Securities’ asset portfolio strategy. The fund analyzes promising investments based on research forecasts, incorporates appropriate domestic funds and invests money into them. A model advertises Samsung Securities’ annuity s
Dec. 17, 2015
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[Photo News] Asiana chief delivers lecture for teens
Asiana Airlines CEO Kim Soo-cheon (center) poses after delivering a lecture for teens about the importance of pursuing dreams before searching for their career path at the annual Asiana Dream Festival, jointly organized by the air carrier and Seoul Cultural Foundation on Tuesday in Seoul. (Asiana Airlines)
Dec. 17, 2015
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[Photo News] Ssangyong wins Dubai project
Ssangyong Engineering & Construction Co., a South Korean builder, said Wednesday it has clinched $1.6 billion worth of orders to construct a luxury hotel, as well as apartment and office buildings, in Dubai. An artist‘s rendering shows the 47-story hotel named Dubai Royal Atlantis. (Ssangyong E&C)
Dec. 17, 2015
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Doosan chairman backpedals on layoffs
Doosan Group chairman Park Yong-maan has ordered Doosan Infracore, the industrial conglomerate’s second-largest affiliate, to exclude junior employees from the company-wide voluntary retirement scheme that has been drawing public criticism. “I have ordered the affiliate to set up a protective mechanism for new employees (with 1-2 year work experience),” Park told reporters in Seoul on Wednesday. “Though (Doosan Infracore) is facing severe financial strains, new employees will not be subject to t
Dec. 16, 2015
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Gas prices still high despite oil price drop
Lee Tae-hoon, a 33-year-old office worker who lives in eastern Seoul, keeps hearing news that global oil prices have reached record lows. Lee, who drives his car to and from his office every day, had hoped that the major cooldown in global crude oil prices would be reflected in local gasoline prices. Yet, Lee says regular gasoline prices near his home in Jamsil have stood at around 1,450 won ($1.23) per liter now, which “seems to reflect only a minor drop in prices compared to other countries l
Dec. 16, 2015
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Oil price lower than bottled water
The pretax price of gasoline per liter fell to 522 won (44 cents) this month, lower than that of bottled water, largely due to the continuous drop in international crude oil prices, officials said Wednesday.According to Opinet of the Korea National Oil Corp., the price of gasoline before tax took a dive to 522 won on average this month, a 27 percent drop from a year ago and 44 percent lower than the same month in 2013. (Yonhap)The price is comparable to that of a half-liter bottle of water, sold
Dec. 16, 2015
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SK Innovation, SK Corp. CEOs named vice chairmen
SK Group, the nation’s third-largest conglomerate, said Wednesday that SK Innovation CEO Chung Chul-khil and SK Corp. CEO Kim Young-tae have been promoted to vice chairman positions. The promotion was conducted in the group’s annual personnel reshuffle of top management of its affiliates. Group officials said the CEO of SK Innovation, the holding company of the group’s energy businesses, got a promotion based on his performance to make the firm profitable within a year. Under his leadership, the
Dec. 16, 2015
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Ikea to add more outlets in Korea
Swedish home furnishing giant Ikea on Wednesday announced that the company will open five more stores in Korea by 2020, by investing 1.2 trillion won ($1 billion).The company started its official operations in Korea in December 2014 by opening the Gwangmyeong store in Gyeonggi Province. The expansion will start with the second store opening in Goyang of northern Gyeonggi Province in late 2017, followed by two more inside Seoul, and one each in Daejeon and Busan. “We have come to relook the marke
Dec. 16, 2015