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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Ex-president's daughter investigated for drunk driving accident
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Top court orders retrial for Lone Star
South Korea's top court Sunday ruled in favor of a U.S. buyout fund in a lawsuit involving the expenses for the liquidation of a joint firm between Lone Star and the state-run Korea Deposit Insurance Corporation. The order came after LSF-KDIC, an investment firm jointly established by Lone Star and KR&C, an affiliate under the KDIC, demanded KR&C pay around 40 billion won ($34.3 million) to LSF-KDIC after a dispute over a piece of property.The issue occurred when LSF-KDIC tried to sell a logisti
Nov. 15, 2015
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Lotte loses one duty-free store in Seoul; Doosan, Shinsegae win bid
Lotte Group renewed the operating license for one of its two duty-free stores in downtown Seoul, while retail giant Shinsegae and heavy industries-focused conglomerate Doosan won the rights to open new stores in the capital, the Korea Customs Service said Saturday. Lotte, the nation‘s top duty-free operator and the world’s third-largest, was able to keep one store in Myeongdong, a major shopping district in the capital, while losing the other at Lotte World Tower in the affluent Gangnam region
Nov. 14, 2015
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Hyundai Heavy eyes leap in Saudi Arabia
Hyundai Heavy Industries is set to consolidate its footing in Saudi Arabia after forging a partnership with oil giant Saudi Aramco this week, sources said Friday. HHI senior vice president Chung Ki-sunThe world’s top shipbuilder concluded a memorandum of understanding with the Saudi oil firm to cooperate on business development opportunities in the Middle East country on Wednesday.The comprehensive cooperation framework covers areas such as engineering, procurement and construction, downstream a
Nov. 13, 2015
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LS Group chairman, executives donate W2.5b for youth jobs
LS Group chairman Koo Ja-yeol and executives donated a total of 2.5 billion won ($2.15 million) to the Youth Hope Fund, company officials said Friday.“I hope I can provide just a little assistance in creating good jobs for youths,” Koo said.Company officials said that Koo has called for increasing hiring for its energy business, which includes submarine cables and extra high voltage direct current transmission work, in order to foster global-level employees and help develop Korea’s economy. Koo
Nov. 13, 2015
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Doosan Heavy to set up global water engineering course
Doosan Heavy Industries & Construction signed an agreement with the Gyeongnam Center for Creative Economy and Innovation and Changwon National University to set up a “Water Campus” course, company officials said Thursday.The “global water engineering” class is a joint program meant to foster talent for the water industry.The class will be established as a regular course for Changwon National University engineering and mechatronics students for three credits. Gyeongnam Center for Creative Economy
Nov. 13, 2015
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Steel imports down for 2nd straight month in Oct.
South Korea's steel imports dropped for the second straight month in October as demand for Japanese products declined, industry data showed Friday.According to the data provided by the Korea Iron and Steel Association, South Korea's steel imports shrank 1.4 percent on-year to 1.98 million tons in October. This followed a 9.9 percent on-year fall tallied in the previous month.Imports from Japan dropped 3.3 percent to about 640,000 tons, which accounted for 32.1 percent of the total. Those from Ch
Nov. 13, 2015
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Hanjin chair, executives donate W3b to youth job fund
Hanjin Group chairman Cho Yang-ho and company executives donated 3 billion won ($2.6 million) to the Youth Hope Fund on Thursday, company officials said. Cho donated 2.2 billion won while the eight executives collectively donated 800 million won.The Youth Hope Fund, proposed by President Park Geun-hye in September, is a fund intended to create jobs and training programs for youths. Hanjin Group chairman Cho Yang-hoCompany officials said they decided to donate so that young people would not lose
Nov. 13, 2015
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Spurned Lotte’s eldest son sues exec
Shin Dong-joo, the spurned eldest son of Lotte Group founder Shin Kyuk-ho on Thursday said he has sued an executive of Lotte Japan.Shin Dong-joo, currently the head of SDC Corp., held a press conference at Peninsula Hotel in Tokyo to announce that he has filed a damage suit against Takayaki Sukuda. SDJ chairman Shin Dong-joo Dong-joo said the executive had fed his father false or exaggerated facts about him to sully his reputation and ultimately cost him his job. “I cannot say the exact amount
Nov. 12, 2015
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Adidas launches ClimaHeat down jackets
Leading sportswear brand Adidas has launched its ClimaHeat collection, an array of performance down jackets designed to trap heat and withstand the cold and wind.The ClimatHeat down jacket, Adidas’ latest ClimaHeat project, is made with high-quality goose down and manufactured in a way that minimizes the loss of heat. The Terrex ClimaHeat Techrock Jacket is also made with a special, stretchy material to enhance the jacket’s warmth and endurance. A number of similar jackets are now available in t
Nov. 12, 2015
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WeMakePrice begins major cosmetics sale
WeMakePrice, one of South Korea’s biggest social commerce platforms, is holding its “9th Beauty Fair” until Monday, offering discounts of up to 84 percent on a range of cosmetics.A limited number of a select products will go on sale at a significantly low price at 10 a.m. every day. The e-commerce giant is also offering a buy one, get one free event on a number of skincare items.Meanwhile, “Got Box,” beauty boxes featuring a selection of popular cosmetics from brands including Maybelline, L’Orea
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
Nov. 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
Nov. 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
Nov. 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-
Nov. 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
Nov. 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
Nov. 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.
Nov. 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
Nov. 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
Nov. 12, 2015
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Boud bags CES Innovation Award
Korean design company Boud announced Thursday that it has bagged the CES 2016 Innovation Award in the Digital Imaging Category for its PIC product.The award winners are acknowledged for their innovative design and engineering in tech products and services in the market. PIC is the world’s first lifestyle camera that boasts a unique design -- users can use the camera at any angle because of its flexible handle, and it can be used without any holders or mounting kits. PIC Camera. Boud“We are excit
Nov. 12, 2015