Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Can Jennie break the K-pop solo artist slump?
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Yoon, Marcos agree to upgrade military, infrastructure, nuclear ties
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'Culinary Class Wars' producers deny trying to spice up results
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Ex-president's daughter investigated for drunk driving accident
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[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
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Seoulites celebrate coexistence at Wellness Seoul 2024
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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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20 minors registered as CEOs making over 100 million won
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Jeju Air to increase flights for summer
South Korea’s largest budget airline Jeju Air plans to increase its number of flights during the peak summer travel season on both domestic and international routes from its gateway hub in Jeju in a bid to strengthen its market position. The Jeju-based airline said Monday that it would increase the total number of flights to 415 per week, up 33.2 percent from the same period a year earlier. The peak summer season lasts from March 29 to Oct. 24. A passenger jet of Jeju Air. (Jeju Air)“Expanding
March 23, 2015
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[Herald Interview] Wolfgang’s Steakhouse puts meat ahead of chef for success
Seoul is fast becoming a battlefield for steakhouses as Wolfgang’s Steakhouse ― one of New York’s best high-end steakhouse chains ― started its operations Monday. But what is the most important in a good piece of steak is the ingredient itself rather than having a star-chef, said Peter Zwiener, managing partner of the restaurant, showing his disdain for the current restaurant craze of showcasing renowned chefs. Peter Zwiener (right) and his father Wolfgang Zwiener make a toast in southern Seoul
March 23, 2015
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AK Plaza tops Galleria for first time
AK Plaza, the department store affiliate of Aekyung Group, became the fourth-largest department store in South Korea in terms of sales, beating the posh Hanwha Galleria for the first time since launching its business in 1993, the company said Monday.AK Plaza recorded total sales, including online and in-store, of 2.15 trillion won ($1.92 billion) last year, surpassing Hanwha Galleria’s 2.05 trillion won. “All five outlets rank at No. 1 in each region. The sales figure of the Suwon branch in Gyeo
March 23, 2015
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Mahindra Group signs MOU with Yonsei Business School
India’s leading SUV manufacturer Mahindra Group announced Monday it has signed a memorandum of understanding with Korea’s Yonsei University School of Business to provide educational training to the company’s employees.Under the agreement, Mahindra Group employees will receive lectures on global strategy and marketing at Yonsei for two years. Mahindra Group also stated that they are considering an internship program for the School of Business students in the near future.Yonsei’s School of Busines
March 23, 2015
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Audi Korea adds dealership in Daegu
Audi Korea opened a second dealership in Daegu and tentatively named it Autobahn AAG, the company said Monday.The company said the dealership agreement will reinforce its sales and customer services capacity as it views the city and its surrounding North Gyeongsang Province as an area with high growth potential.Autobahn AAG, to be located at Chimsan-2-dong in Daegu, plans to open a showroom and service center in September in the city.Audi Korea managing director Johannes Thammer said, “The decis
March 23, 2015
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New transfer passageway links airport rail to Seoul metro
A new transfer passageway at Seoul Station connecting the Incheon Airport Railroad to Seoul’s Subway Line Nos. 1 and 4 is set to open on March 28. The convenience offered by the new passageway will have the biggest impact on foreign tourists looking for a faster way to reach various attractions, according to railroad sources. Until the passageway opens, passengers must walk up from the third underground floor to the second aboveground floor, and cross through the KTX waiting area to access the s
March 23, 2015
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AmorePacific leads philanthropic campaigns
Established in 1945, leading cosmetics company AmorePacific has contributed to society in a number of ways, such as joining the U.N. Global Compact in 2007, which strives to uphold principles regarding human rights, labor environment and anticorruption, and holding various campaigns to raise awareness on social issues.AmorePacific carries out the Pink Ribbon Campaign through its nonprofit organization Korean Breast Cancer Foundation, set up in 2000. The foundation runs an annual Pink Ribbon Love
March 23, 2015
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Shinhan Card’s ‘B.big’ offers daily transportation discounts
The latest credit card rolled out by Shinhan appeals to commuters with its daily discounts on public transportation costs.The “B.big” card is the fifth offering in Shinhan Card’s Code9 series, targeted at working men and women in their 30s and 40s who commute to the office. The focus of its discount benefits is on public transportation, offering fixed discounts of up to 600 won every day, or up to 18,000 a month on bus and subway fees. Users also receive a 10 percent discount on fees for taxis,
March 23, 2015
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Discount retailers flounder on policy hurdle, slowing economy
Major South Korean supermarket chains are grappling to stay afloat as policy measures aimed at protecting mom-and-pop stores as well as lackluster economic growth squeeze their sales, data showed Monday.E-mart, the country's biggest discount chain brand operated by retail conglomerate Shinsegae, saw its sales reach 10.1 trillion won ($9.1 billion) last year, staying on par with 2012. The data only covers branches that were established before 2012.Its smaller rival Lotte Mart, run by retail giant
March 23, 2015
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Budget carriers stand against Asiana’s LCC
South Korea’s budget airlines have submitted a petition against Asiana Airlines’ move to establish its second low-cost carrier this year, according to the Ministry of Land, Infrastructure and Transport on Sunday.The heads of three budget air carriers ― Jeju Air, Eastar Air and T’Way Air ― handed in the petition last week to protest the country’s second biggest commercial carrier’s move to launch a new Incheon-based budget airline.“(The government) should not give a permission to the new air tran
March 22, 2015
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LG affiliate’s beverage business less than stellar
LG Household & Health Care’s hopes of making a splash in the beverages market appears to have foundered, despite its initial vigorous drive.According to data compiled by CEOScore, a local website which specializes in analyzing corporate performance, LG Household & Health Care’s beverage business’s performance has been less than stellar.The data showed that the company’s operating profits from the business only recorded marginal growth despite a large jump in sales.Last year, the company’s sales
March 22, 2015
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Organica builds Asia’s first detox juice production center
Organica Day, the beverage arm of natural food label Organica, has completed the construction of Asia’s first production center exclusively dedicated to detox juice on Monday, according to the company.Organica is a local brand that first introduced juice cleanse to the Korean market in 2012. Known as the Just Juice Production Center, the two-building facility in Paju, Gyeonggi Province, has the ability to extract, sterilize, pack and ship up to 5,000 bottles of detox juice each day. The HACCP-ce
March 22, 2015
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Asiana to operate three weekly flights to Rome from June
Asiana Airlines Inc., South Korea's second-largest flag carrier, said Sunday it will launch three weekly flights to Rome starting in June, signaling a competition with its bigger home rival, Korean Air Lines Co., which has been the sole operator on the route. The Asiana flights will be available on Tuesdays, Thursdays and Saturdays for 1 p.m. departure starting June 30, the company said.The flights out of Rome will depart at 8:15 p.m. (local time)Italy-based Alitalia also has said it will launch
March 22, 2015
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Amore Pacific chief solidifies No. 3 stock-rich ranking
Suh Kyung-bae, chairman of Amore Pacific Group, the country's leading cosmetics maker, solidified himself as a stock wealthy businessman whose shareholdings were valued at over 8 trillion won ($7.1 billion) for the first time, putting him further ahead of the head of Hyundai Motor Group, data from a market tracker showed Sunday.The shares held by the head of the beauty giant were priced at 8.18 trillion won as of Friday, up 39 percent from end-2014, according to Chaebul.com. In December, Suh, wh
March 22, 2015
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[Weekender] Home furnishing market flourishes
Sixty-year-old housewife Choi Sun-hee recently visited Hanssem Flag Shop in southern Seoul to buy some stools for her new house. The interior of the store was arranged like an actual house, with the spaces filled with items ranging from wardrobes and beds to smaller products such as vases, coasters and lamps. Choi was impressed with the design and function of the stools. But what she really liked was how the stools were arranged with other furniture in the showroom, giving her plenty of room to
March 20, 2015
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Aircraft maker sets 30% sales growth target
The top management of Korea Aerospace Industries, the nation’s sole aircraft manufacturer, has set a 30 percent growth target for sales this year, boosted by growing revenue from exports. “When the sales goal is achieved, the company’s revenue will soar to a record high of 3 trillion won ($2.7 billion) by year-end,’’ KAI CEO Ha Sung-yong said during the firm’s annual general meeting. The event was held at the company’s headquarters in Sacheon, South Gyeongsang Province, on Friday. The bold sale
March 20, 2015
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Shin reelected to board despite opposition
Lotte Group founder and general chairman Shin Kyuk-ho was reelected to the internal board of its retail affiliate Lotte Shopping on Friday, amid the prosecution’s widening probe into the firm’s irregular activities including slush funds.Despite opposition from some local consultancies, Shin won the majority support at an annual shareholders’ meeting that lasted less than 25 minutes. Analyst firms Daishin Economic Research Institute and Sustinvest had adviced Lotte shareholders to vote against Sh
March 20, 2015
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Trade commission likely to impose anti-dumping tariffs on Chinese steel beams
South Korea's trade commission is widely expected to recommend imposing punitive duties on Chinese steel beam imports as it has decided price dumping of Chinese products has caused significant damage to local manufacturers, officials said Friday. An official probe by the commission has found that the average price of Chinese H-shaped structural steel beams in the local market had plunged 15.3 percent on-year in 2013 while that of locally produced products dropped 10 percent even though Chinese
March 20, 2015
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Competition heats up among budget carriers
Competition in South Korea’s budget airline industry is heating up as rival carriers are eager to increase their flight routes or raise more money for business expansion.Among the big players, Jin Air has laid out aggressive expansion plans while Jeju Air is strengthening its top position with an initial public offering in the fourth quarter. Jin Air, the low-cost carrier of Korean Air, unveiled its annual plan to become the first domestic budget airline to launch long-haul international routes
March 19, 2015
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Kia to unveil new K5 sedan
Kia Motors, the nation’s second largest carmaker, released an artistic rendering on Thursday of its new K5, a midsize sedan brand, ahead of its official launch at the Seoul Motor Show to be held April 3-12. The second-generation K5 comes five years after the brand debuted in 2010. An artist’s rendering of the new K5. (Kia Motors)“All new K5 will set new standards in design,” the carmaker said in a press release. “The new K5 was developed in pursuit of the world-class sporty design and a bulked-
March 19, 2015