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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[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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Seoulites celebrate coexistence at Wellness Seoul 2024
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[KH Explains] Can G-Star level up?
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[Lee Kyong-hee] Tone-deaf first lady causes chaos
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[Weekender] Race on to be Asia’s top air hub
Competition among Asian air hubs is heating up as countries in the region are scurrying to build new airports, add runways and expand passenger terminals to become the continent’s top gateway to the world.With surging air travel and burgeoning budget carriers, major airports in South Korea, China, Japan, Singapore, India and Thailand are increasing capacity to meet demand.“Asian countries are showing a significant growth in air travel, higher than the global average, amid their continued economi
Dec. 11, 2015
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Shares of Hotel Shilla plunge on duty-free business woe
When it comes to duty-free business in Seoul, the winner doesn’t seem to take it all. Shares of Hotel Shilla, which clinched a high-profile bid to operate duty-free stores in downtown Seoul in July, have fallen sharply ever since on concerns over market overheating.Hotel Shilla’s common stock price took a nosedive to a 52-week low of 79,000 won ($66.90) on Friday, down 44.7 percent from when they hit their highest on July 13 at 143,000 won after the company won the business license for running a
Dec. 11, 2015
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Creditors to provide 450 bn won to STX Shipbuilding
STX Offshore & Shipbuilding Co., a midsize local shipyard, will receive 450 billion won ($385 million) in financial aid from its creditors in return for thorough restructuring, industry sources said Friday.According to the sources, the creditors, led by the state-run Korea Development Bank, have decided to salvage the shipbuilder from a liquidity shortage.Local lenders' exposure to STX Offshore & Shipbuilding stood at 4.29 trillion won at the end of September, with KDB alone extending the larges
Dec. 11, 2015
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Coex eyes M&A, JV for global expansion
Byun Bo-kyungCoex, the management firm of the eponymous convention and exhibition complex in southern Seoul, is eyeing aggressive overseas expansion next year to become a global meetings, incentives, conferencing and exhibitions (MICE) operator, its president and CEO Byun Bo-kyung said Thursday. “We will start with three conventions in Vietnam, then move to Indonesia, Laos, Myanmar and other Indochina countries to hold conventions and trade shows there. We have mergers and acquisitions with loca
Dec. 11, 2015
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Watchdog cracks down on covert paid reviews
Online advertorials for P&G Korea`s SK-II cosmetics that were cited for deceptive marketingFTCAlert to Web surfers searching for shopping tips: Product reviews you read may not always be genuine. The Fair Trade Commission on Tuesday fined Proctor & Gamble Korea ― the local distributor of cosmetics brand SK-II and household goods Febreze, Gillette, Oral-B, Whisper and Downy ― 108 million won ($100,000) for deceptive advertising. According to the antitrust watchdog, P&G violated a law requiring al
Dec. 11, 2015
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LG executive acquitted of vandalizing Samsung washers at German shops
A local court on Friday acquitted the president of LG's home appliance division on charges of wrecking washers of rival company Samsung Electronics Co. at German shops, citing a lack of evidence.The Seoul Central District Court found Jo Seong-jin not guilty of vandalizing three Samsung washers at two shops in Berlin in September 2014.Samsung has claimed that LG staff members were spotted breaking the doors of Samsung's washing machines at the shops and were reported to the local police by shop c
Dec. 11, 2015
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Gyeonggi Center for Creative Economy & Innovation actively supporting startups ④ Danuon
Danuon is a company that develops mobile games for visually impaired users. After starting out as a social venture corporation in 2013, it was chosen as one the startups to be incubated at the Gyeonggi Center for Creative Economy & Innovation last September.Danuon will soon be releasing two new mobile games, including Cybathlon (tentative title), which may be released as early as this week. With its title created by combining “cyber” and “athlon,” Cybathlon is a game that involves a character co
Dec. 11, 2015
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Rabitos Royale chocolates enters Korea
Rabitos Royale chocolate-stuffed figs -- Spain’s flagship chocolate brand -- will be officially launched in South Korea next Wednesday on Dec. 16. The chocolate will debut via the “Spain Gourmet” fair taking place inside the Hyundai Department Store’s Pangyo branch in Gyeonggi Province, according to its local importer PM Elpise. Rabitos Royale chocolates are made by stuffing a fig with brandy-infused chocolate truffle and later smothered once again in dark chocolate. It enjoys international pop
Dec. 10, 2015
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Bourjois launches limited-edition holiday collection
Paris-based cosmetics brand Bourjois has launched a limited-edition holiday collection dubbed “Nights in Paris,” inspired by France’s capital city, in South Korea. Bourjois’ best-selling Java Rice Loose Powder, priced at 36,000 won ($31), has been specially infused with sparkling glitter for a shimmering look for the holiday collection. Two new types of Smoky Story eyeshadow palettes, priced at 24,000 won, and a special shade of its flagship lipstick Rouge Edition Velvet (28,000 won) have been l
Dec. 10, 2015
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CNP Cosmetics launches ampule mist
CNP Cosmetics, a leading cosmetics brand under South Korea’s LG Household and Health Care, has transformed its two best-selling ampule products into facial mists. CNP’s flagship Propolis Energy Ampoule is made with propolis extracted from beehives and immediately delivers moisture and nutrients to the skin. The Laboratory Mugener Ampoule is based on glycosaminoglycans and madecassoside, substances that offer protection for sensitive skin. These two ampules are now available in mist bottle form,
Dec. 10, 2015
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Jamba Juice introduces new ‘hot juice’ flavors
Jamba Juice, a smoothie brand operated by South Korea’s SPC Group, has launched two new flavors to its “Hot Juice” menu for the winter season. These warm juices -- made with freshly squeezed raw fruits without added water - are now available in grapefruit-apple and lemon-apple flavors, in addition to six existing flavors including orange, grapefruit and Jejudo Island’s satsuma orange. “Jamba Juice added the new flavors to its hot juice lineup, a popular seasonal menu during the winter, to offer
Dec. 10, 2015
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Mr. Pizza opens 5th U.S. store
Mr. Pizza, a pizza franchise operated by South Korea’s MPK Group, has opened its fifth store in the United States inside the Westfield Century City shopping mall in California. The new Los Angeles location of Mr. Pizza is on the third floor of the Westfield mall, considered among the largest shopping complexes in the U.S. The Korean pizza franchise will feature a diverse menu of pastas and pizzas made with handmade dough, toppings and baking methods, as well as “special combo” value sets priced
Dec. 10, 2015
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Outdoor clothing industry struggles with saturation
As the heyday of the outdoor goods industry in Korea has long passed, related companies are struggling in a saturated market with slowing domestic sales.Customers browse winter jackets at a department store in Seoul during a sale event last month. (Yonhap)The market for outdoor goods boomed between 2005 and 2012 with growth rates often reaching more than 20 percent as people spent more time in the hills and mountains to get away from the stress of work and keep fit. But the segment’s domestic ma
Dec. 10, 2015
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Reebok, Wood Wood launch collaborative collection
Reebok Classic has joined hands with Danish fashion brand Wood Wood to launch a collaborative collection infusing contemporary sportswear style with street fashion in South Korea. Dubbed the Reebok Classic by Wood Wood, the collection was inspired by the street style of the ‘90s, when sports fashion was at the peak of public attention. It features tracksuits, sweatshirts and padded jackets, among other items, which combine the design philosophies of the two brands. “Reebok Classic’s sporty iden
Dec. 10, 2015
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Ellesse to reemerge as stylish performance wear brand
Italian sportswear brand Ellesse is set to reemerge as a stylish performance wear brand next year, introducing a revamped lineup of colorful, trendy active wear to South Koreans. Under the new slogan “Add color to your game,” the repositioned brand will seek to target younger consumers, particularly females, with three high-performance wear categories -- active, lifestyle and heritage. Zic Company, a local sportswear manufacturer, will be exclusively marketing and selling Ellesse products afte
Dec. 10, 2015
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Paris Baguette Market opens in Gangnam
Paris Baguette, South Korea’s largest franchise bakery chain has opened a new market-style store dubbed “Paris Baguette Market” near Sinnonhyeon Station in Gangnam, Seoul. The store was established as a “lifestyle bakery” offering not only diverse baked goods, but also a “Snacking” corner featuring light meals, as well as a “Delicatessen” selling cheese, butter, milk, processed milk and wine, among other goods, according to the brand. The Paris Baguette Market will also reintroduce two signatur
Dec. 10, 2015
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Daelim to establish joint venture with IDB Infrastructure
Daelim Energy, a unit of South Korea’s energy- and construction-centered conglomerate Daelim Group, plans to establish a joint venture with the Islamic Development Bank’s Infrastructure Fund II in Dubai, it said Thursday. The two sides will invest up to $200 million to launch Daelim EMA, which will carry out investments in the energy sector in the Middle East, Africa and southwest Asia. Daelim said it will be in charge of the management and business development of the joint venture, without disc
Dec. 10, 2015
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[Photo News] Korea-Australia FTA reaches 1st anniversary
KOREA-AUSTRALIA FTA ANNIVERSARY -- Australian ambassador to South Korea Bill Paterson (left) and director general of the trade policy bureau at the Korean Ministry of Trade, Industry and Energy Park Jin-kyu pose during a ceremony held in Seoul on Thursday to celebrate the upcoming one-year anniversary of the Korea-Australia FTA. The bilateral free trade pact took effect on Dec. 12, 2014. (Australian Embassy in Korea)
Dec. 10, 2015
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Megapixel security cameras required for new apartments
The government said Thursday that it would oblige builders to install high-definition security cameras at newly built apartment complexes as of Friday.According to the Ministry of Land and Transport, new apartments should have surveillance cameras of at least 1.3 megapixels to enhance the security level for residents. So far, cameras of a minimum 410,000 pixels have been required for residential complexes. Cameras with low-image quality have been blamed for failing to identify suspects and regis
Dec. 10, 2015
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Incheon airport named world's best for 10th consecutive year
Incheon International Airport, Seoul's main gateway, has been named the world's best airport for the 10th consecutive year, officials said Thursday.Global Traveler, a U.S. magazine for business travelers, announced that the airport grabbed the 2015 GT Tested Reader Survey Award as the best in the business, extending its own record winning streak to 10 years, the Incheon International Airport Corporation said. Singapore Changi International Airport and Munich Airport were ranked second and third,
Dec. 10, 2015