Most Popular
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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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Ex-president's daughter investigated for drunk driving accident
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Seoulites celebrate coexistence at Wellness Seoul 2024
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Netflix, streaming platforms come under fire for loose ratings
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S. Korea, Singapore seal supply chain agreement
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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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20 minors registered as CEOs making over 100 million won
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K-pop CEOs sidestep key issues at National Assembly audit
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Nexen Tire to build plant in Czech Republic
Nexen Tire Corp., South Korea's smallest tiremaker, said Tuesday that it inked a deal to build a new plant in the Czech Republic.The confirmation comes after the company had hinted for some time that it was reviewing various options to build its second overseas factory in an East European country."A deal has been reached for the building of the Czech plant, but it is too early to go into details," said a corporate source who declined to be identified.The insider, however, said Czech Prime Minist
June 17, 2014
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G Watch may come with HomeChat
LG Electronics’ first smartwatch, the LG G Watch, is expected to feature its mobile messenger service to help manage LG home appliances and electronics, according to industry sources on Tuesday. “We plan on using the HomeChat service for the LG G Watch to control smart home appliances from LG Electronics,” said a source from LG Electronics, who declined to be identified. The HomeChat service was first unveiled in April, allowing users to communicate with home appliances and electronics. When use
June 17, 2014
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Bosch to invest W62b in Korea
Bosch, the world’s largest automotive parts maker, said Tuesday that it will invest more than 62 billion won ($60 million) in South Korea this year. Hermann Kaess, president of Bosch Korea, said about 60 billion won will be used for the local production of gasoline and diesel direct injection systems at its Daejeon plant, some 140 kilometers from Seoul.Bosch Rexroth, a Bosch affiliate specializing in drive and control technologies, also plans to further invest 1 billion won for the expansion of
June 17, 2014
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Imports of Chinese bottled water soar, beat French brands
China has overtaken France and other producers of bottled water in the South Korean market, customs data showed Tuesday.According to the Korea Customs Service (KCS), imports of Chinese bottled water reached 8,520 tons in May, followed by France with 1,600 tons, Italy with 176 tons and the United States with 60 tons. France had been unchallenged in dominating the local market from 1995 to 2012 but was overtaken by China in 2013. Imports of Chinese bottled water products spiked to 55,750 tons last
June 17, 2014
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Furniture retailer advocates safety
ALMHULT, Sweden ― Fighting the public notion that Ikea products are cheap, and therefore may also be lacking in quality, the Swedish company’s management is keen on controlling the quality of the 9,500 or so items it produces. At the firm’s lab in Almhult, about 10,000 items go through an annual test consisting of up to 1,800 different testing methods.“We apply the strictest rules on furniture in the EU, and (these rules) are stricter than those in any of the countries where Ikea has outlets,” s
June 17, 2014
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Juice for detox
Juice products guaranteeing detoxification effects appear to be gathering popularity as more people are taking an interest in living a healthier and longer life. And it is widely catching on that one way of removing toxins is by cleansing the body with vegetables, fruits and nuts, and that juice is one of the most effective and efficient forms of this type of detox, experts say.“We get a lot of customers coming in for detox juice ingredients. There is also a growing demand for ready-made detox j
June 17, 2014
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Lotte Duty Free Shop holds season-off sale
Lotte Duty Free Shop is holding its season-off sale, giving out up to 70 percent discounts on internationally popular brands until July 17. Those participating in the event will be Burberry, Salvatore Ferragamo, Fendi, MCM, Furla, Tumi, Coach, Max Mara and Paul Smith. For menswear, Paul Smith, Zegna, Dunhill, Canali, Hugo Boss, Armani Collezioni and Polo Ralph Lauren will offer up to 80 percent off. Electronics goods makers Cannon and Sony will be giving discounts of up to 30 percent. All those
June 17, 2014
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Shinsegae outlet holds sale promotion
Shinsegae Simon’s Yeoju Premium Outlet is holding a special discount promotion to wish for the success of the Korean national football squad through June 29. Adidas will offer up to 70 percent discounts for garments and will sell football shoes for 39,000 won. Reebok will sell its running shoes at half the normal price and short-sleeve T-shirts for as low as 39,000 won. Puma will give a 20 percent discount on football goods when its sponsored players such as Cesc Fabregas in the Spanish squad an
June 17, 2014
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Coca-Cola to give free drinks for World Cup
Coca-Cola Korea will hand out a total of 150,000 cans of cola and other beverages for free during the Korean national football squad’s matches at the 2014 Brazil World Cup. The sampling event will start with Korea’s match against Russia on June 18 at 7 a.m., Korean time, and will continue on the June 23 match against Belgium and the June 27 game against Algeria. A special vehicle with the cans will drive around Seoul’s major hotspots including Shinchon, Yeouido and Samseong-dong. Coca-Cola has a
June 17, 2014
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Miller beer to hold club night promotion
American beer brand Miller will hold its “Turn Up the Night” party at the trendy club Answer in Cheongdam-dong, Seoul, on Friday at 10 p.m. Those who wish to attend should be over 19 years old and apply at the company’s Facebook page, www.facebook.com/millerkorea, by Thursday. A total of 100 people will be able to receive two tickets each, with a free-drink coupon. Some of the best DJs in town, including Sound-fuze, Drill, Vandal lock, Inside core and Day Walker, will fill the venue with electro
June 17, 2014
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BASF kicks off plant construction
Global chemical company BASF broke ground for its new plant for engineering plastics compounds Ultramid and Ultradur in Yesan, South Chungcheong Province, on June 12. The new plant is expected to begin operations by the end of 2015. With an initial annual capacity of 36,000 metric tons, the new plant will more than double the total compounding capacity of BASF’s engineering plastics in South Korea. With this project and its to-be-expanded Pudong plant in China, BASF’s overall compounding capacit
June 17, 2014
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Boosting aid for a greener Earth
Every year, the world celebrates the World Day to Combat Desertification and Drought on June 17 since the designation was granted by the United Nations in 1994.This is to remind people that roughly 30 percent of the Earth is land, of which another 30 percent is currently being cultivated for agricultural purposes, and that these lands are now being ruined and undergoing rapid desertification.Although desolation may occur naturally at any time and any location, it becomes a crucial and immediate
June 17, 2014
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[SUPER RICH] Corporate Korea in fear of SNS
One of the things that chaebol are criticized for time and time again is their lack of communication.Despite their vast wealth and the social responsibilities that follow with their riches, Korean billionaires are known for keeping their distance from the public and keeping them in the dark on critical management ― and sometimes personal ― issues. This is not entirely their fault, since one piece of damaging gossip is often all it takes to nudge them onto the chopping block.But even considering
June 16, 2014
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[SUPER RICH] Hanwha heir tests waters with solar power biz
When Hanwha Chemical’s profit swung into the black for the first time in more than three years on May 14, market insiders picked Hanwha Q Cell marketing and strategy director Kim Dong-kwan as the main contributor. Hanwha’s energy unit reported 83 billion won ($81 million) in operating profit for the first quarter of 2014. This marked the first surplus since Hanwha jumped into the solar power business in August 2010 after acquiring Chinese company SolarOne. The heir-apparent of the nation’s ninth
June 16, 2014
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POSCO likely to withdraw bid for Dongbu package deal
POSCO is likely to abandon its bid to acquire Dongbu Incheon Steel and Dongbu Dangjin Plant ― two facilities belonging to the troubled Dongbu Group ― following the unexpected downgrade of its credit rating last week by local assessment agencies. According to POSCO officials, chairman Kwon Oh-joon and other top executives reviewed the package deal on Monday morning but made no final decision on the bid.“The chairman has put his priority on improving the company’s financial structure. The manageme
June 16, 2014
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Hyundai E&C to extend retirement age to 60, adopt peak wage system
Hyundai Engineering and Construction, South Korea’s No. 1 builder, said Monday it will extend the retirement age of its workers to 60 and adopt a peak wage system a year before it becomes mandatory for large businesses to take such steps.“The move marks a first in the construction sector and was reached through detailed consultation between labor and management,” a corporate official said. At present, the retirement age for the company, like most other firms, is 58.The National Assembly passed a
June 16, 2014
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(Photo News) Bolstering maritime industry
June 16, 2014
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Chinese credit card spending soars at Lotte
Credit card sales by Chinese shoppers at Lotte Department Store, South Korea’s No. 1 department store chain, soared during the first four months of this year compared to the same period last year as more Chinese tourists went on shopping sprees here in that period, Lotte said on Monday. The portion of payment via China UnionPay cards reached just under 20 percent of all credit card payments at the flagship branch of the department store in downtown Seoul during the January-April period. This was
June 16, 2014
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(Photo News) Ice cold
June 16, 2014
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SK hynix, Micron vie for second place in mobile DRAM
SK hynix and Micron Technology are expected to vie for second place in the Samsung-dominated global mobile DRAM market this year. However, regardless of market shares, both will still make decent profits as they have no incentive to trigger a price war, industry watchers said. Micron Technology reclaimed the second spot from SK hynix in the first quarter of this year, according to market research firm IHS Technology. Samsung Electronics retained the top spot with a 44 percent market share, follo
June 16, 2014