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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Can Jennie break the K-pop solo artist slump?
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Yoon set for talks with Marcos in Philippines
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Ex-president's daughter investigated for drunk driving accident
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First lady’s Dior bag scandal to be at center of Assembly audit
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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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Seoulites celebrate coexistence at Wellness Seoul 2024
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S Food spearheads charcuterie market
S Food director Lee Seung-yeon poses at the JohnCook Deli Meat outlet in Apgujeong-dong, southern Seoul. Chung Hee-cho/The Korea HeraldWith more Koreans being exposed to new ways of consuming pork and beef -- from simply grilling to embracing Western cuisine by making sausage, ham and other meat products -- S-Food, the operator of charcuterie brand JohnCook Deli Meat, has taken the domestic market by storm.JohnCook Deli Meat’s 99,000 won ($85) German pork dish Schweine Haxen sold out in no time
Aug. 6, 2015
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AmorePacific pushes for tailored cushion tech
South Korea’s largest cosmetics maker AmorePacific, which has upped its presence in the skin care arena with its patented cushion technology, is ramping up R&D efforts with tailored products to target overseas markets. Cushion technology-applied compact products from AmorePacific’s in-house brands including, Laneige, Sulwhasoo and Mamonde (AmorePacific)“AmorePacific created the world’s first multifunctional cushion-type cosmetics. It has been strengthening the quality and function of the techno
Aug. 6, 2015
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[Newsmaker] Lotte feud ignites nationality dispute
“Lotte is a Korean company.”These words of Seoul-based Lotte Group chairman Shin Dong-bin may be simple enough, but the conglomerate’s nationality is fast becoming an issue of contention.The controversy over whether Lotte is a Korean or Japanese company flared up again this week amid a bitter succession battle involving the two sons of group founder and general chairman Shin Kyuk-ho.Lotte, having foundations in both Korea and Japan, has long been plagued by this question. The two sons -- Shin Do
Aug. 6, 2015
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Lotte Confectionery opens new snack store
Lotte Confectionery, South Korea’s top snack producer, opened a new flagship store on the ground floor of Lotte World Adventure in Jamsil, Seoul, Monday. The newly-opened Lotte SweetWorld offers a total of 187 snack varieties from Lotte’s 31 brands, including the snack company’s most popular picks as well as handmade baked goods, according to the company. Visitors to the SweetWorld can check out Lotte’s limited-edition snack packages and value deals, among others. In another corner is a Do-It-Yo
Aug. 6, 2015
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Stokke Korea plans to launch Xplory special-edition strollers
Norway-based baby product manufacturer Stokke Korea is planning to launch a special edition of its popular Xplory True Black stroller, the company said Tuesday. The upgraded stroller, aka the “style edition,” includes a black-and-white style kit on top of all the regular components of the Stokke Xplory True Black, which brings out the iconic design of the Stokke Xplory in all black. The exclusive edition stroller also features a black cup holder, a parasol, a seat liner, a blanket and the style
Aug. 6, 2015
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Hera launches Rouge Holic lipstick types
South Korea’s leading cosmetic brand Hera launched two new lipstick types as part of its popular Rouge Holic lipstick series. The new Rouge Holic glow-type lipsticks come in 10 colors and boast a glossy and smooth texture that helps bring out each color on the lips. The product coats the lips to lock in moisture, in order to prevent dried lips. The new Rouge Holic silk-type lipsticks are available in four colors and boast a thin, light texture. The new silk-type lipsticks have minimized the use
Aug. 6, 2015
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Sempio launches black vinegar jam
South Korean traditional fermented sauce manufacturer Sempio has launched three new types of black vinegar jam under its vinegar sub-brand 100Year. The jam was made by adding blueberry, pomegranate, and lemon and ginger to 100 percent naturally-fermented black vinegar. To achieve a healthier taste and smoother texture, the company used agave syrup, instead of sugar, as the jam’s main sweetener. The blueberry black vinegar jam includes whole blueberries, whereas the pomegranate black vinegar jam
Aug. 6, 2015
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Cosme Decorte launches premium base makeup
Cosme Decorte, a high-end cosmetics brand established by Japan-based KOSE, has newly added two new premium base makeup products to its AQ Meliority line. The AQ Meliority makeup essence is fused with a repairing emulsion which continually delivers active moisturizing ingredients into the skin for a glowing skin before applying makeup. The essence includes a special coating powder that covers up pores for a more even skin tone. The AQ Meliority powder foundation helps create a natural, translucen
Aug. 6, 2015
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Chaebol owners use tiny stakes to control business empires
Although the nation’s top 10 chaebol owners own tiny stakes in their business empires, their shady cross-shareholding structure allows their families to wield absolute power through affiliates, recent data found Thursday. According to Chaebul.com, an online conglomerate tracker, their average ownership stake was just 0.25 percent. Including the stakes owned by other family members, the figure increased to a mere 0.49 percent.Samsung Electronics chairman Lee Kun-hee, who has been hospitalized sin
Aug. 6, 2015
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[Graphic News] Apple stocks hit 6-month low
Shares of Apple, one of the world’s top companies in terms of market capitalization, dropped to their lowest price in six months, data showed Wednesday.According to Bloomberg, Apple’s stock price closed at $114.64 on Nasdaq Tuesday local time, a 3,2 percent decline from the previous day, and a 13.2 percent decrease from July 20, when the stock price was $132.07.Apple’s market cap at that point was $760.8 billion, and has since dropped to $657.6 billion, its valuation falling by $103.2 billion.Ap
Aug. 6, 2015
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Elliott asks Samsung C&T to buy back part of its stake
U.S. hedge fund Elliott Associates said Thursday it has requested that Samsung C&T Corp. buy back part of its stake in the South Korean construction firm, a move in line with its opposition against a key merger deal carried out by the country's top conglomerate, Samsung Group.Thursday is the deadline for shareholders of Samsung C&T to file claims with the builder to repurchase their shares in opposition to the planned merger with Cheil Industries Inc., the group's de facto holding firm. The merg
Aug. 6, 2015
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After success in Asia, Sovo Shoes expands in Europe, North America
Handmade shoes brand Sovo Shoes (www.sovomall.co.kr) is expanding its presence beyond Asia into Europe and North America by launching global websites with Cafe24, a local e-commerce solution provider. CEO Kim Woo-jin started the business in 1997. After gaining popularity through local department stores, the brand went online to attract more customers. It currently operates websites in English, Chinese and Japanese.One of the biggest strengths of Sovo Shoes is that it offers designs that appeal t
Aug. 6, 2015
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Lotte affiliates ordered to submit detailed info on shareholders
The South Korean financial watchdog said Thursday it has ordered some Lotte Group affiliates to submit more detailed information on their shareholders and financial status amid growing public criticism about the retail giant's murky corporate governance.Lotte Group, the fifth-largest business group in South Korea, has been embroiled in a succession feud involving Shin Kyuk-ho, 93, the group's founder, and his two sons, Dong-ju and Dong-bin, with the latter standing against his older brother and
Aug. 6, 2015
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Chaebol owners control business empires with meager stakes
The heads of South Korea's major business groups own puny stakes in their affiliates, but a complex cross-shareholding structure allows their families to exercise nearly uncontrolled power over the sprawling business empires, data showed Thursday. In South Korea's business scene, a "group" does not refers to a legal entity, but instead a network of numerous subsidiaries connected through a web of cross-shareholdings which allow the founding families to sit at the top managerial positions with on
Aug. 6, 2015
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S. Korean mobile carriers lag behind overseas rivals in profitability
South Korean mobile carriers fell behind their overseas counterparts in profitability in the first half of 2015 as they spent big on marketing in the tightly congested domestic market and building faster mobile networks, industry data showed Thursday.The operating margin, or the ratio of operating income to total revenue, at the country's three mobile carriers, came to 7.5 percent in the January-June period on average, according to the data.South Korea's top mobile carrier SK Telecom Co. saw its
Aug. 6, 2015
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Governance at center of Lotte crisis
Lotte Group is facing the biggest challenge in its 67 years of history as the government is gearing up to take issue with its alleged unfair business practices after its founding family’s feuds erupted last week.The Fair Trade Commission on Wednesday said that its commissioner Jeong Jae-chan has investigated into the governance structure of Lotte Group both at home and abroad, and that he will share the results with the ruling Saenuri Party on Thursday. “Because Lotte has a structure of having a
Aug. 5, 2015
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China's restructuring to take toll on Korean shipbuilders, steelmakers
South Korean shipbuilders and steelmakers are increasingly facing risks from China’s recent restructuring in its ailing shipbuilding sector. Beijing on Monday announced a large-scale restructuring in the industry as part of efforts to shift away from its investment-driven economic growth model and concentrate on boosting domestic consumption.Market watchers said the escalating crisis in China could take a huge toll on local shipbuilders as well as steelmakers, should they try to push ahead with
Aug. 5, 2015
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SK launches program for young job seekers
SK Group is rolling up its sleeves for youth job creation as part of its efforts to strengthen socially responsible activities.The nation’s third-largest conglomerate launched on Wednesday a 2-year-long job creation plan for the youth, aimed at supporting young jobseekers to start their careers.SK Group said that it recognizes the youth unemployment problem is not something that can be resolved by the government alone, adding that the group’s role should be to create quality jobs for youths and
Aug. 5, 2015
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Health concerns raised of aging Lotte founder
Lotte founder Shin Kyuk-ho (Yonhap)Controversy over the decision-making abilities of Lotte Group founder and general chairman Shin Kyuk-ho is escalating after a Japanese Lotte CEO raised concerns about the current health of the 93-year-old tycoon. “The former chairman and I met up on July 27, and at first, he was calm and did not show any signs of problems. But there were moments during the middle of our conversation when I felt a bit alarmed,” Takayuki Tsukuda, CEO of Lotte Holdings, the de fa
Aug. 5, 2015
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[Graphic News] Over 90% of Koreans own cellphones
Nine of 10 Koreans own a cell phone, a poll showed Wednesday.According to a survey by Korea Information Society Development Institute, 92.4 percent of respondents, or 9,413 people, replied that they owned a cell phone (including smartphone).The results also showed that people in their 10s, 20s and 30s had the highest ratio of smartphone ownership. A total of 91.6 percent of all cell phones owned by teenagers were smartphones, while the ratio was 99.3 percent for people in their 20s and 97.2 perc
Aug. 5, 2015