Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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Military aircraft evacuating S. Koreans in Lebanon returns home
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Yoon set for talks with Marcos in Philippines
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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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Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
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2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
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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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Firefighters’ 3,000 won meals spark nutrition concerns
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[Graphic News] Koreans consume less meat than OECD average
The average Korean consumed 51.4 kilograms of meat in 2014, less than the average 63.5 kilograms of meat intake in member countries of the Organization for Economic Cooperation and Development, according to a report by the Food Ministry last week. Koreans consumed an average of 24.4 kilograms of pork, 15.4 kilograms of chicken and 11.6 kilograms of beef in 2014, the report showed.Of the 34 OECD member countries, the U.S. ranked first in meat consumption with an average of 89.7 kilograms, while B
April 17, 2016
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Regulations on car tuning eased
The Ministry of Land, Infrastructure and Transport announced the details of eased rules on car tune-ups, aimed at promoting the vehicle-tuning business as a growth engine, Sunday. The revised rulings, for instance, will remove the year limit on transforming an internal combustion engine-based car into an electrified vehicle. Under the current regulations, only cars with less than five years of history were subject to such tune-up by the law.An official from the Ministry of Land, Infrastructure
April 17, 2016
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[News analysis] Will Samsung merge Daewoo Shipbuilding?
Speculation grows over a possible merger between the country’s two major shipbuilders -- Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering -- as the government is pushing for restructuring of the faltering shipbuilding industry, amid concerns over falling shipbuilding orders.The sense of crisis over idling shipyards is on the rise this year as the number of shipbuilding orders won by the top three shipbuilders in the first three months of this year hit a record low of nine
April 17, 2016
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CJ Foodville to sell wedding business unit to Unison Capital
CJ Foodville, a food services company under South Korean conglomerate CJ Group, is selling off its premium wedding and banquet business unit to Japan-based private equity fund Unison Capital. A CJ Foodville official on Friday said that the firm is “in the process of selling off Apelgamo, CJ’s premium wedding hall and banquet services brand in Seoul, to Unison Capital.” The firm will soon spin off the division for the sale. (Apelgamo)The official selling price of Apelgamo has yet to be disclosed,
April 17, 2016
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7-Eleven to launch new Gong Cha drinks this month
Korea Seven, the local operator of major convenience store chain 7-Eleven, on Sunday said it has signed a deal with milk tea chain Gong Cha Korea to launch two new drinks under the Gong Cha brand at 7-Eleven stores nationwide.Under the agreement, the two firms will jointly develop a range of ready-to-drink Gong Cha products to be exclusively sold at 7-Eleven outlets in Korea. The first two products will be introduced by the end of this month, with more to come in the future, according to Korea S
April 17, 2016
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Korea’s tax benefits for families with children low among OECD countries
Korea’s average tax burden for wage earners with and without children differ by roughly 2.3 percentage points, the fifth lowest among the Organization for Economic Cooperation and Development countries, recent data showed Sunday. According to the OECD’s Taxing Wages 2016 report, Korea’s “tax wedge” -- the proportion of taxes in an individual’s wage income -- for households with one earner and two children stands at 19.6 percent, compared to 21.9 percent for working single-person households. The
April 17, 2016
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[Photo News] Starbucks continues commitment to social contribution
STARBUCKS SOCIAL CONTRIBUTION -- A barista from Starbucks Coffee Korea (left) offers career consulting and training to students from Songgok Tourism High School in Seoul on Friday as part of a career development program led by Starbucks in partnership with Junior Achievement, a U.S.-based nonprofit youth organization. Starbucks plans to hold similar programs in high schools within and outside of Seoul until November as part of joint social contribution efforts. (Starbucks Coffee Korea)
April 17, 2016
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Four more duty-free shops may open in Seoul
The Korean government is considering allowing local retailers to open as many as four more duty-free shops in Seoul in a bid to capitalize on an influx of Chinese tourists, informed sources said Sunday.Competition is heating up among retail giants here to win the licenses to enter the lucrative market amid sluggish domestic spending.The Korea Customs Service plans to make its final decision within this month on whether to issue additional licenses, according to the finance and culture ministries
April 17, 2016
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E-commerce losses raise anxiety over profit structure
The nation’s three leading mobile-focused retail giants logged combined losses of 831.3 billion won ($724.3 million) last year -- greater than the market had expected -- sparking concerns over their elusive profit structures. Coupang, the largest of the three, said in its regulatory filing Thursday that its sales surged more than threefold to 1.13 trillion won last year, but with an operating loss of 520 billion won. The other two, WeMakePrice and TicketMonster, also posted 216.5 billion won and
April 15, 2016
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Green buildings are healthier, cost-saving, experts stress
Global experts talked about the need to change public misperception of green buildings, claiming it is cost-saving, healthier and eco-friendly at a conference in Seoul which kicked off Thursday for a three-day run.The conference, being attended by around 150 representatives from government, academia and companies from the Asia-Pacific region, has become a platform for the experts to discuss ways to better achieve carbon emission reduction goals set by the Paris climate change conference in Decem
April 15, 2016
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Court rejects injunction seeking to prohibit labor action at Korean Air
A local court has rejected Korean Air Lines Co.'s injunction request seeking to prohibit its pilots from taking any labor action, saying there were no procedural problems with the voting process that gave the green light for a strike, company officials said Friday.The ruling was made by the Seoul Southern District Court on Thursday, apparently throwing weight behind labor unionists currently demanding a salary hike and better working conditions after negotiations broke down in February. Both hav
April 15, 2016
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'Descendants of the Sun' secures 12.2 bln won worth of ad deals
"Descendants of the Sun," the just-closed sensational TV series, rewrote the history of commercial success for terrestrial networks' weeknight dramas.The KBS 2TV's mini-series secured a combined 12.2 billion won ($10.6 million) worth of advertisement deals, including virtual advertising and PPL, according to sources in the broadcasting industry.The sum is close to the show's total production cost of 13 billion won and more than double the number of MBC TV's 2014 hit drama "Pretty Woman."All 28 f
April 15, 2016
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Japan's No. 1 logistics provider dedicates cargo-handling center in Busan
Nippon Express Co., Japan's largest distribution service provider, dedicated an international logistics center in the free economic zone in the port city of Busan on Friday, paving the way for the company to strengthen its operations in Northeast Asia.The company held a ceremony with the Busan-Jinhae Free Economic Zone Authority to launch the center. Nippon Express injected 2.77 billion won ($2.4 million) into the project with work starting in August of last year. The facility has a floor area o
April 15, 2016
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Lawmakers vow efforts for lower mobile service fees
Lawmakers here said Friday they will continue efforts to cut mobile phone service rates in the upcoming session of the National Assembly.Last year, Rep. Woo Sang-ho of the main opposition Minjoo Party and 14 party colleagues proposed legislation on eliminating basic fees, standing at around 10,000 won ($8.60) a month.Chances are slim, however, the bill will pass the current parliament scheduled to finish at the end of May."I will first submit a bill on eliminating basic fees, returning to the Na
April 15, 2016
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Korean mobile game to feature Lee Kwang-soo as new character
A South Korean game will feature a character based on actor and TV personality Lee Kwang-soo, his management said Friday.Lee will be a new character in the mobile board game "Game of Dice" created by South Korean mobile game company Joy City Co., King Kong Entertainment said. Lee Kwang-soo (OSEN)"The character 'Kwang-soo' will reflect the star's cheerful characteristics loved by many Asia fans," it said.Nicknamed "Asia's Prince," Lee is widely popular in Asia for his delightful role on variety
April 15, 2016
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Koreans consume less meat than OECD average
Koreans’ meat consumption has surged nearly fivefold in the last 30 years, but still falls behind the average intake of other rich nations, a report by Food Ministry showed Friday. (123RF)According to the Ministry of Agriculture, Food and Rural Affairs, Koreans had 51.3 kilograms of meat on average in 2014, less than 63.5 kilograms consumed by the member countries of the Organization for the Economic Cooperation and Development.The U.S. topped the list with 89.7 kilograms per capita, followed by
April 15, 2016
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Tobacco-makers, farmers oppose sale of foreign cigarettes at military bases
Local tobacco-makers and farmers on Thursday questioned the Defense Ministry’s approval of foreign cigarettes on Korean military bases, saying it hurts national pride.A welfare committee of the ministry approved the sale of foreign tobacco brands for the first time. They include Marlboro Gold Original by U.S.-based Philip Morris, and Mevius LSS Wind Blue by Japanese maker JTI, according to Defense Ministry sources.This will be the first time that foreign cigarettes are being sold at post exchang
April 14, 2016
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[Consumer This Week] Barbie, Able C&C, Uniqlo, GS25, Dongwon
Lotte Mart introduces realistic Barbie dolls to AsiaLotte Mart has introduced a new lineup of realistic “Fashionista” Barbie dolls that includes three new body types -- tall, curvy and petite -- in South Korea on Thursday.After decades of criticism, Barbie, a brand known for its unrealistically skinny figurines, introduced new dolls with diverse physiques and hairstyles in January this year. Seoul is the first Asian market where these realistic Barbies are being introduced. Available in seven ty
April 14, 2016
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Coupang logs threefold jump in 2015 sales
Coupang, South Korea’s leading e-commerce operator, said Thursday its sales jumped more than threefold in 2015 due to its delivery service, but its operating loss widened due to big investments in logistics capacity. Coupang posted 1.13 trillion won ($ 976.66 million) in sales last year, becoming the first social commerce operator to break the 1 trillion mark in the nation, its regulatory filing showed. Despite the stellar sales growth, the firm logged 520 billion won in operating losses because
April 14, 2016
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[Herald Interview] Korean whiskey market hungover
Whiskey consumption in Korea has always been tied to a very specific culture: drink-till-you-drop parties among businessmen who enjoy coupling the expensive drink with women in smoky underground bars.As that culture waned, so did whiskey sales. Its consumption in Korea has been falling by roughly three percent each year for the past five years, according to industry statistics. Golden Blue regional sales director Kim Ji-yeon speaks to The Korea Herald at the Golden Blue headquarters in Seoul.
April 14, 2016