Most Popular
-
1
Seoul Fireworks Festival ends smoothly, but leaves piles of trash
-
2
[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
-
3
Yoon set for talks with Marcos in Philippines
-
4
Can Jennie break the K-pop solo artist slump?
-
5
Baseball star Hwang Jae-gyun, T-ara's Jiyeon file for divorce mediation
-
6
[Exclusive] Korea’s defense acquisition agency fails to meet legal standard for women representation
-
7
First lady’s Dior bag scandal to be at center of Assembly audit
-
8
2 US B-1B bombers conducted joint drill with S. Korean Air Force on Oct. 1 Armed Force Day
-
9
Firefighters’ 3,000 won meals spark nutrition concerns
-
10
Yoon honors veterans of Korean War in trip to Philippines
-
Beanpole introduces smart backpacks and accessories
Beanpole, a fashion unit of Samsung C&T, has fused technology with fashion to launch a range of tech-savvy “smart accessories,” the company said. The Beanpole Accessories range includes a number of backpacks, wallets, necklace-type card wallets and key rings, among others, coupled with smart functions that utilize near-field communication technology and a smartphone app. A tiny NFC chip has been inserted into the right strap of Beanpole’s smart backpack, which connects to the Beanpole Accessorie
Feb. 4, 2016
-
Caffe Bene opens 5th store in Saudi Arabia
Caffe Bene opened a store at Hayat Mall, a mega shopping complex in Riyadh, Saudi Arabia this week. Caffee Bene’s Hayat Mall store – its fifth in the country -- is located on the second floor of the major mall, which attracts about 10 million visitors each year. The brand said it plans to launch a number of desserts developed exclusively for the Saudi Arabian market, including its Apple Cinnamon Honey Bread and the Melting Island, bread served with Lebanese cream cheese, among other items. Mean
Feb. 4, 2016
-
Dole to offer ‘Surprise Box’ promotions this month
Dole is offering a special promotion through its online shopping mall “Doleivery” in South Korea from Feb. 11 to Mar. 10. Dole Korea plans to begin selling “Surprise Box in February” through its official online mall www.doleivery.co.kr starting next Thursday. The box offers one bundle of Sweetio bananas, a bundle of Lakatan bananas, two oranges and one grapefruit. The entire box is priced at 11,000 won and comes with free delivery. In addition, Dole Korea is offering a 5,000 won discount coupo
Feb. 4, 2016
-
SK Innovation seeks to bolster petrochemicals business in China
SK Innovation, the energy business holding unit of SK Group, is looking to bolster its petrochemicals business in its main export market China by pursuing more strategic partnerships along with mergers and acquisitions. SK Innovation vice chairman and CEO Chung Chul-khil on Thursday visited SK Global Chemical’s main office in Shanghai and ordered the firm to step up its efforts to drive up its performance in the country. “Despite rising concerns about the global economic downturn and slowdown of
Feb. 4, 2016
-
Seongnam City Mayor Lee draws attention for ‘grassroot politics’
When U.S. Sen. Bernie Sanders joined the fray to be the Democrats’ next presidential candidate in April 2015, he had just 3 percent in the polls. However, several political analysts predicted he could be a dark horse, and appears to have become a reality. Although Sanders previously had a lot of enthusiastic supporters, his drawback was that he did not have national popularity. However, CNN stated that his stance on solving inequality by reflecting public sentiment in his policies caused his sud
Feb. 4, 2016
-
Hanwha establishes fintech JV with China’s Dianrong
Hanwha Group has officially embarked into the newly emerging fintech, or financial technology, industry in partnership with China’s leading peer-to-peer lending platform Dianrong. Hanwha said that Hanwha S&C, the group’s information technology unit, and Dianrong signed an agreement to establish an equal joint venture in Seoul Thursday. The new joint venture, unnamed as of yet, will launch an open P2P marketplace lending service -- a modern service that matches lenders directly with borrowers on
Feb. 4, 2016
-
[Photo News] Hanwha carries out New Year's charity event
HANWHA’S NEW YEAR CHARITY — Hanwha Corp. CEO Choi Yang-soo (right) and company officials deliver tteokguk, or rice cake soup, to elderly citizens at the Yurak Community Welfare Center in Sindang-dong, Seoul, Thursday. The firm also delivered lunchboxes to senior citizens living alone in the area as part of its charity efforts ahead of the Lunar New Year, known as Seollal in Korean. (Hanwha Group)
Feb. 4, 2016
-
Green Cross posts record high sales in 2015
Green Cross, a South Korean biopharmaceutical company, said Thursday it posted record-high profits of 1.48 trillion won ($1.23 billion) in sales last year, up 7.4 percent over the previous year. At the same time, its operating profit declined on-year by 5.5 percent to 91.7 billion won in 2015, while its net profit rose by 10.3 percent on-year to 95.7 billion won. The firm cited the decline in its operating profit -- the largest in the industry -- to its expanded research and development spending
Feb. 4, 2016
-
Nongshim’s China sales surpass $200m in 2015
Korean food-maker Nongshim said Thursday its sales in China surged 16.6 percent to reach $210 million last year, its best performance to date, thanks to the rising popularity of instant noodles in the country.“Our sales growth in China reflects a positive evaluation of Nongshim’s instant ramen noodle products among locals,” Nongshim said in a statement.Chinese consumers buy Shin Ramyun at a supermarket in Shanghai (Nongshim)Nongshim said its rising brand power drove up its online sales by about
Feb. 4, 2016
-
Ssangyong to launch long-body Tivoli in March
Ssangyong Motor will unveil the long body version of its popular Tivoli sport utility vehicle in March, an industry source said Thursday.“The exact launch date has not been determined but the long-body version of the Tivoli will likely hit the market before the end of next month,” the source told Yonhap News Agency. Ssangyong’s Tivoli compact SUV (Yonhap)The Tivoli is one of Ssangyong Motor’s most recent and most popular models. Sales began early last year. It was the first new model the automa
Feb. 4, 2016
-
Lotte founder testifies over his mental status
Shin Kyuk-ho, founder of Korean retail giant Lotte Group, testified at a Seoul court Wednesday to demonstrate his mental status, marking a new twist in the bitter feud over control of the group. Shin Kyuk-ho, founder of Korean retail giant Lotte Group, walks into a court room at Seoul Family Court on Wednesday. (Yonhap)The 93-year-old Lotte founder walked into a court room at the Seoul Family Court and told judges that his ability to make judgement is the same as in his 50s, his lawyer told repo
Feb. 3, 2016
-
SK Innovation posts second-best performance in 2015
SK Innovation, South Korea’s top oil refiner, said Wednesday it posted its second best performance to date in 2015 thanks to high refining margins on the back of heightened global demand for oil products and reduced inventory losses. The company logged an operating profit of 1.98 trillion won ($1.62 billion) and net sales of 48.36 trillion won last year, swinging to recovery after falling into the red for the first time in 2014. Though its sales plunged by around 26.6 percent in 2015 compared to
Feb. 3, 2016
-
Korea debuts urban magnetic levitation train
South Korea's Incheon Transit Corp. began commercial operations of a magnetic levitation train made by Hyundai Rotem, the train-building affiliate of Hyundai Motor Group, on Wednesday. It marks the second urban magnetic levitation train ever to be commercialized in the world, after Japan’s Nippon Sharyo launched its own service in Nagoya in 2005. The unmanned train will carry passengers on a 6.1 kilometer route linking Incheon International Airport and Yongyu Station, a tourist location on the s
Feb. 3, 2016
-
[Photo News] SPC Group delivers tteokguk to elderly citizens
SPC’s NEW YEAR CHARITY -- Employees at SPC Group, which operates the nation’s largest bakery franchise Paris Baguette, give tteokguk (rice cake with soup) as well as baked goods to the elderly at the Yangjae Senior Welfare Center in Seoul ahead of the Lunar New Year, or Seollal. Since 2003, the company has provided roughly 1 billion won ($820,000) to various social institutions in Korea during Seollal and Chuseok, Korea’s two major holidays. (SPC Group)
Feb. 3, 2016
-
[Photo News] S-Oil holds New Year's charity event
S-OIL’S NEW YEAR CHARITY -- S-Oil CEO Nasser Al-Mahasher (second from right) and company employees pass out tteokguk (rice cakes with soup) to hundreds of underprivileged citizens living in single-room occupancy housing in a shantytown near Yeongdeungpo Station in Seoul ahead of the Lunar New Year. The oil refiner has been carrying out this charity event annually since 2007. (S-Oil)
Feb. 3, 2016
-
Hyundai, Kia’s China sales plummet in Jan.
Hyundai Motor and its smaller affiliate Kia Motors saw sales in China fall over 20 percent in January, industry data showed Wednesday.The two South Korean carmakers sold a total of 122,486 vehicles in China, down 22.3 percent from the same month a year earlier, according to the Yonhap news agency, citing data it secured independently. Separately, Hyundai Motor’s sales fell 27.2 percent on-year to 75,236 units, while Kia Motors’ sales contracted 13 percent to 47,250 units. The figures may be adju
Feb. 3, 2016
-
LS Cable to supply EV parts to Chinese automaker
Korean cable maker LS Cable & System said Wednesday that it has signed a deal to supply parts for electric vehicles to be manufactured by Chinese automaker Beijing Automotive Group.LS Cable will supply the Chinese carmaker with high-voltage harness cables for its eco-friendly vehicle, the EV 200, which will make its market debut in August.Harness cables connect a car’s electronic control system to its communication module and supply power to sensors.LS Cable was previously selected as a major pa
Feb. 3, 2016
-
[SUPER RICH] NHN Entertainment bets on virtual reality
Korea’s largest Internet portal Naver’s cofounder and chairman of NHN Entertainment Lee Joon-ho has shifted focus to virtual reality due to the obscure future of the game market. After Lee parted from Naver in 2013 to create an independent online game company NHN Entertainment, he has diversified the operations into other technological areas. Lee Joon-ho, chairman of NHN EntertainmentFollowing the investments in fintech and Internet of Things, Lee is currently expanding his presence in the virtu
Feb. 2, 2016
-
[SUPER RICH] Kim Jung-ju’s business investments
Nexon founder and chairman Kim Jung-ju is not only the front-runner in Korea’s gaming industry, but is also considered a genius for spreading his influence through strategic acquisitions and investments.As noted by the Wall Street Journal in an article last year, “Mr. Kim said he wanted to join Collaborative Fund in New York City not so much to help the firm source deals in the gaming industry, but to help start-ups get from ‘idea stage to minimum viable product’ and beyond, without raising more
Feb. 2, 2016
-
Korean Air logs higher profits in 2015
Korean Air, South Korea‘s largest flag carrier said Thursday its operating profits surged 58.6 percent last year from the previous year, due to cheap oil prices and the strong U.S. dollar. The air carrier said it has reaped operating profits of 626.5 billion won (518.1 million), with annual sales of 11.54 trillion won, a 3.1 percent drop from the year 2014. Its net losses, however, increased to 703 billion won from 456.8 billion won reported the previous year. The nation’s flag carrier turned to
Feb. 2, 2016