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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'Culinary Class Wars' producers deny trying to spice up results
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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[Photo News] Dongsuh Food holds 8th annual concert
DONGSUH FOOD HOLDS ANNUAL CONCERT -- Dongsuh Food holds its 8th annual “Dongsuh Coffee Classic Concert” on Wednesday. The concert is one of Dongsuh’s many cultural philanthropy projects, performing free classical music concerts in Seoul, Busan and five other cities. Dongsuh Food
Oct. 29, 2015
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[Design Forum] Janne Kyttanen reckons world of 3-D design
Janne Kyttanen is arguably one of the pioneers of three-dimensional design. Since his firm 3D Systems acquired Freedom of Creation in 2011, he has been delving into the world of 3-D printable high-end consumer design. From fluidic-shaped stools to high-rising killer heels, Kyttanen drew global attention by infusing the 3-D techniques to the aesthetic but practical world of 3-D design. And at the Herald Design Forum, Kyttanen will share his view on 3-D printing that brought revolution to the fash
Oct. 29, 2015
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Thinking outside the box turns ointment into beauty cream
The success of the Physiogel cream is the journey of marketers thinking outside the box. The dermatological moisturizer stayed on pharmacy shelves for a long time as a psoriasis treatment, but became one of the most-loved skin care remedies here after being promoted as a miraculous cream for the face and body. Since 2013, the cream has marked more than 30 percent sales growth each year ― over 70 percent in 2014 particularly ― and the marketing of Physiogel in South Korea has become a global sens
Oct. 29, 2015
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Bringing back hanbok globally
Hwang Lee-sl, CEO of hanbok shopping mall LEESL wants to reclaim hanbok as regular wear.“Many know the value and excellence of hanbok, but not many bring it into everyday life. I always wanted to show that you can wear hanbok in everyday life,” said Hwang. Screenshot of LEESL websiteHwang, 29, shows herself in social media wearing the traditional Korean outfit while shopping, drinking coffee and clubbing to show how easy it is to wear hanbok in everyday life.LEESL (www.leesle.com) hanbok are mod
Oct. 29, 2015
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Bringing back hanbok globally
Hwang Lee-sle, CEO of hanbok shopping mall LEESLE, wants to reclaim hanbok as regular wear.“Many know the value and excellence of hanbok, but not many bring it into everyday life. I always wanted to show that you can wear hanbok in everyday life,” said Hwang.Hwang, 29, shows herself in social media wearing the traditional Korean outfit while shopping, drinking coffee and clubbing to show how easy it is to wear hanbok in everyday life. Screenshot of LEESLE websiteLEESLE (www.leesle.com) hanbok ar
Oct. 29, 2015
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Chinese EV maker BYD to unveil latest model in Korea
BYD Co., a major Chinese electric vehicle manufacturer, plans to start selling one of its latest models in South Korea next year in a bid to tap into the local market with a high growth potential, company and industry sources said Thursday.BYD, which is based in Shenzhen, China, will showcase the updated version of the e6 for the first time in South Korea during an expo in March on the southern resort island of Jeju before starting its official sales, according to the sources."During the expo, w
Oct. 29, 2015
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Hyundai sells 10 millionth vehicle in U.S.
Hyundai Motor has sold its 10 millionth vehicle in the United States, the company said Wednesday, a milestone that came 29 years after the largest South Korean carmaker entered the American auto market.Hyundai began selling cars in the U.S. in 1986, with the export of the subcompact Excel. The company has since expanded its presence in the U.S. market, led by sales of such all-time best-selling models as the Sonata mid-size sedan and the compact Elantra."The United States has been a key region o
Oct. 29, 2015
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HanmiGlobal confident about growth in Japan
HanmiGlobal, Korea’s leading construction management firm, has entered the Japanese market, setting up its local branch Otak Japan this month.Otak is the corporate name of the U.S.-based engineering firm that HanmiGlobal took over in 2011 to strengthen its urban design and engineering capability. With a foothold in Japan, the company runs business operations in 11 countries, including the U.S., China and Saudi Arabia. HanmiGlobal chairman Kim Jong-hoon“The company has sought entry into the conse
Oct. 28, 2015
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70th anniversary of SPC
SPC Group chairman Hur Young-in gives a speech to mark the 70th anniversary of the company at the SPC Future Creation Institute in Seoul on Wednesday. Hur announced that the operator of Paris Baguette, Paris Croissant and many other eateries would become a “great food company” with 12,000 outlets around the world generating 20 trillion won in sales by 2030. The company plans to invest 2.6 trillion won into research and development by then. SPC Group
Oct. 28, 2015
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Court battle begins in Lotte feud
The sons of Lotte Group founder Shin Kyuk-ho on Wednesday clashed in the first round of their legal battle over which of them will take over the 90 trillion won ($80 billion) business empire. Lotte Group general chairman Shin Kyuk-hoThe attorneys of SDJ Corp. chairman and Shin’s eldest son Dong-joo claimed that the Lotte chairman, his youngest son Dong-bin, inflicted more than 1 trillion won in losses from his business operations in China and tried to conceal it.But Dong-bin’s litigators struck
Oct. 28, 2015
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Schneider Electric expands investment in Asia
Multinational energy corporation Schneider Electric plans to invest a total of 65 million euros ($71 million) in Singapore in the next few years to set up a new control tower and headquarters in Asia, company officials said Wednesday.The new Asian headquarters in Singapore will be in charge of Korea, Taiwan, Mongolia and the Southeast Asian region.Schneider Electric plans to concentrate on providing innovative energy management solutions in the East Asian region, as well as build a software indu
Oct. 28, 2015
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BASF completes plastics compounding plant in Yesan
Global chemicals company BASF has begun operating a new plant for manufacturing engineering plastic compounds in Korea, which company officials said will significantly drive up the firm’s polyamide and polybutylene terephthalate production in the country. The new compounding plant located in Yesan, South Chungcheong Province, is able to produce up to 36,000 metric tons of BASF’s self-developed engineering plastic compounds Ultramid (polyamide) and Ultradur (polybutylene terephthalate) -- chemica
Oct. 28, 2015
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Korea's seaport cargo grows 2.2% on-year in 2015
Cargo processed at South Korean seaports rose 2.2 percent in the first nine months of 2015 from the same period last year as both import-export cargo and domestic cargo increased from a year before, the government said Wednesday.In the January-September period, the volume of cargo handled at the country's seaports came to 1.07 billion tons, compared with 1.05 billion tons in the same period last year, according to the Ministry of Oceans and Fisheries.Import-export cargo gained 2.3 percent on-yea
Oct. 28, 2015
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Sales of outlets, department stores rise in Sept.
South Korea's major department stores and discount chains saw their sales increase in September from a year earlier on increased holiday shoppers, government data showed Wednesday.The combined sales of three department store chains -- Hyundai, Lotte and Shinsegae -- rose 2.8 percent on-year last month, according to the Ministry of Trade, Industry and Energy.The total sales of three major discount outlet chains -- E-Mart, Homeplus and Lotte Mart -- also gained 7 percent from a year ago in Septemb
Oct. 28, 2015
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Carmakers' cumulative production edges up in Sept.
Cumulative local production by automakers in South Korea for 2015 edged up for the first time in September, a turnaround from a prolonged slump seen throughout the year, industry data showed Wednesday.According to the data by the Korea Automobile Manufacturers Association, five major automakers operating here produced a combined 3,345,199 vehicles during the January-September period, up 0.8 percent from a year earlier.The increase followed a 0.4 percent decline they had posted until the previous
Oct. 28, 2015
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Major shipyards on track to suffer record loss this year
South Korea's major shipbuilders, led by Daewoo Shipbuilding & Marine Engineering Co., are expected to rack up a record loss this year due mainly to increased costs from a delay in the construction of offshore facilities, industry sources said Wednesday.The combined operating loss by the country's big three shipyards -- Daewoo Shipbuilding, Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. -- is estimated at 7.8 trillion won ($6.86 billion) for the year, they said.Daewoo Shipbuilding
Oct. 28, 2015
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SK Networks joins race for duty-free license
SK Networks, an affiliate of Korea’s fourth-largest conglomerate SK Group, jumped into the heated competition to win a license to operate urban duty-free shops in Seoul. Speaking at a news conference on Tuesday, SK Networks CEO Moon Jong-hoon said it will create a “tourism belt” encompassing its eastern and central Seoul business outlets. SK Networks CEO Moon Jong-hoon (SK Networks) The firm already runs a duty-free store inside its Sheraton Grande Walkerhill Hotel in eastern Seoul, and hopes t
Oct. 27, 2015
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[SUPER RICH] Korea’s respected rich entrepreneurs
The general public is more positive toward the superrich company founders rather than the chaebol heirs in Korea. There is also much less recognition for up-and-coming entrepreneurs in the Internet age and negative attitudes towards the corrupt billionaires have persisted, a recent survey by the Superrich Team found .The survey on “Korean superrich the public respects” was conducted from Sept. 7-21 among 227 respondents. The team would like to clarify that the word “respect” may not necessarily
Oct. 27, 2015
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DSME creditors to unveil rescue plan
The key creditor of Daewoo Shipbuilding & Marine Engineering said Tuesday it would unveil bailout measures that may include capital injection of some 4 trillion won ($3.5 billion) for the beleaguered shipbuilder as its union accepted the proposed self-rescue plan.Daewoo Shipbuilding & Marine Engineering employees take a break on a building's rooftop overlooking the shipyards on Geoje Island in South Korea. (Bloomberg)The country’s second-largest shipbuilder has cleared a major hurdle for its nor
Oct. 27, 2015
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[SUPER RICH] Criteria for respected superrich evolves
Korean entrepreneurs in the past were highly regarded as role models of success -- responsible for the nation’s rapid economic growth and a rising middle class -- but today they receive both praise and criticism.As Korean society developed, they were also criticized for causing social inequality such as unequal wealth distribution and passing down of wealth. No longer are the superrich given respect simply because they have accumulated riches.Nevertheless, there are billionaire entrepreneurs who
Oct. 27, 2015