Most Popular
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S. Korea, Singapore seal supply chain agreement
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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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North Korean troops killed, wounded in Ukraine war: Seoul defense minister
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Korean language teaching expert says demand has outstripped supply
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20 minors registered as CEOs making over 100 million won
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[KH Explains] Samsung chief says he is still ‘hungry’ for foundry growth
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Conscripting women to lead to 'more babies,' claims military think tank
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K-pop CEOs sidestep key issues at National Assembly audit
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Who is pollster roiling politics with claims of government string-pulling?
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Hyungji releases spring styling images
Fashion group Hyungji’s womenswear brand on Monday released a series of styling tips for this spring with its brand models. For the Crocodile brand, actress Ha Ji-won dresses in a pastel pink jacket and gray t-shirt with colorful prints on it. For Olivia Hassler, actress Park Jin-hee dons a red trench coat matched with a fuchsia pink knit dress. Actress Jun Ji-hyun glows in a mustard-yellow She’s Miss dress, expressing the lively, brighter side of spring. “Every spring, vivid colors are en vogue
March 11, 2014
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Sempio wins iF Design Award
Foodmaker Sempio’s packaging of “Jang,” a series of fermented sauces, received the International Forum Design Award last week. The design of the packages was inspired by “nature” and “health” which are the key features of the sauces. The iF Design Award recognizes a product’s quality, innovativeness, convenience, independence, environmental friendliness and safety. With the victory, Sempio will be able to use the award on its packaging labels for overseas promotion. Sempio has previously won the
March 11, 2014
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Bibigo introduces ‘Chimaek’ in China
CJ Foodville released the “chimaek set from Gangnam,” at its Bibigo restaurants in China last week. Chimaek, a term coined from combining fried “chicken” and “maekju” (beer), is served with cubes of radish marinated in vinegar. The set was first introduced at the Bibigo London branch but gained popularity after the dish was introduced as a nighttime snack on hit TV drama, “My Love from the Stars.”CJ has already introduced a number of popular Korean snacks in overseas branches including tteokbokk
March 11, 2014
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Lotte Department Store opens dessert zone
The Lotte Department Store in Sogong-dong, downtown Seoul, opened seven dessert stores in its underground mall Tuesday. Recently opened are Junior’s, a famous cheesecake store from New York; 40192 Roll offering handmade, premium roll cake; Cheesecake Factory; Shall We, which serves tarts; HUE with enzyme-inspired sweets; chocolate boutique Jay Brown; and British brand BUISCONE, serving both biscuits and scones. The department store has decided to strengthen its dessert section after seeing brand
March 11, 2014
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Burberry wages legal battle against Ssangbangwool
Burberry Korea on Monday announced that it would sue a local underwear maker for abusing its idiosyncratic tartan pattern and infringing the trademark law. This will be the 18th lawsuit filed by the British fashion company since 2011. The U.K.-based luxury brand has held a trademark right for its iconic check pattern at the Korean Intellectual Property Office since 1998. Burberry Korea said it issued a warning against Ssangbangwool for infringing its trademark rights in early January when the lo
March 10, 2014
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Local beer market competition to stiffen ahead of World Cup
The World Cup finals, a global gala of one of South Koreans’ most-watched sports, football, will open in Brazil in June, and one local industry is determined to score big, hoping to land its products in the hands of TV viewers during the games.Lotte Chilsung Beverage Co. is set to debut its first-ever beer no later than early May, and Shinsegae Food Co. is also showing interest in entering the beer market.“We plan to launch our beer by early May at the latest ahead of the opening of the World Cu
March 10, 2014
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Big businesses’ operating profit ratios fall in 2013: report
Operating profit ratios of most large South Korean companies fell last year in the face of tough economic challenges, a report by a local conglomerate researcher said Monday.According to Chaebul.com, sales and operating profits of 84 listed affiliates belonging to the country’s top 10 business groups, excluding financial firms, reached 695.3 trillion won and 48.6 trillion won, respectively, in 2013, up 2.3 percent and 2.5 percent from the year before.It, however, said in the all-important ratio
March 10, 2014
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Samsung SDI to start car battery production at new China plant
South Korea’s Samsung SDI Co., the world’s leading maker of TV displays and smartphone batteries, will start production next year at its electric car battery plant in Shaanxi, northwestern China, the province’s governor said Monday.Samsung SDI signed a preliminary agreement with two Chinese partners earlier this year to build the $600 million plant in Xian, the capital of Shaanxi, as it seeks to win a bigger slice of China’s growing market for electric car batteries.Lou Qinjian, governor of Shaa
March 10, 2014
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[Desk Column] Facebook Korea’s anxiety attack
A couple of weeks ago, I received a phone call from a very distraught PR person. Her company had been in charge of handling an interview for us with Facebook Korea’s new chief executive, and she had a problem with our headline.In it, we had quoted the CEO as saying that Facebook headquarters considers Korea a great test bed for new technology and trends.This, she claimed, was far from the truth and wanted the headline to be altered because it belittles the local market.I must admit, I was both a
March 10, 2014
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NCsoft plans May launch of ‘Blade & Soul’ in Japan
Local game company NCsoft will launch its flagship game “Blade & Soul” in the Japanese market in May, according to a company statement on Monday. “Blade & Soul” is a massively multiplayer online role-playing game based on fantasy martial arts. Following its limited trial service, to run for three days starting May 13, the MMORPG game will officially roll out on May 20. The company said it would charge a monthly fee and players can purchase additional items. The price will be announced at a later
March 10, 2014
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Ssangyong Motor ready to rebrand
Ssangyong Motor has decided to abandon its name “Ssangyong” after almost 30 years, with the aim of shedding some of its negative brand image tainted by frequent ownership changes and labor disputes over the past decade. “We are currently working on the rebranding process,” said a Ssangyong spokesperson. “We plan to renew both our name and emblem as early as before our entry into the U.S. SUV market in 2017.”The carmaker has already started collecting opinions from employees, while conducting rel
March 10, 2014
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Burberry sues Korean underwear maker for patent violation on design pattern
Britain's fashion house Burberry said Monday it filed a patent violation suit against SBW, a South Korean underwear maker, with a Seoul court for using its trademark check pattern.Company officials said they concluded SBW's TRY underwear products were in violation of Burberry's trademark."On Jan. 9, the disputed TRY brand underwear products were found on various online shopping malls. We asked SBW to stop selling them via certified mail and phone calls several times, but the company took no meas
March 10, 2014
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Leading firms to hold annual shareholders’ meetings on Friday
South Korea’s leading firms plan to hold their annual general shareholders’ meetings on the same day, official data showed Sunday, raising criticism that they are trying to make it hard for small-time investors to exercise their legitimate voting rights to check the power of management.According to the Korea Securities Depository, 133 listed companies whose fiscal year ended in December will hold their general shareholders meeting this week, with 116 set to convene the gatherings on Friday.The K
March 9, 2014
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Gov't nuclear commission authorizes restart of Hanbit reactor
South Korea's nuclear safety body on Friday authorized the restart of a reactor that went offline due to a technical glitch late last month.The Nuclear Safety and Security Commission (NSSC) said close inspection of the 950,000-kW Hanbit No. 2 reactor revealed there was a problem with circuitry while technicians were testing an emergency system. It said the problem was with the Automatic Seismic Trip System on the reactor that was set up as an additional layer of safety following the Fukushima Da
March 7, 2014
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[Weekender] Analog-faced high-tech gadgets lure buyers
From digital cameras that feature designs from the 1970s to television sets with dials, a growing number of electronics brands are exploiting the nostalgic yearning for the past to attract people who miss the analog days. Ham Sun-hae is one of those consumers who find retro-inspired appliances a great fit for her home. “Even though I already have a television at home, I want another vintage-looking television set for decoration,” said Ham, a 35-year-old office worker. “I like the warm and cozy f
March 7, 2014
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KT chief apologizes for hacking incident
Top management staff of KT, the nation’s second-largest mobile carrier, on Friday made a public apology for the firm’s latest large-scale hacking incident and pledged to take measures to prevent a recurrence. “The company has started developing countermeasures in response to incident, including the innovation of its online security system,’’ KT CEO Hwang Chang-gyu said during a press conference, which was held at the firm’s headquarters in downtown Seoul. His apology came one day after it was fo
March 7, 2014
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Banks’ FX deposits hit record high in Feb.
Foreign currency deposits in banks here rose to a record high in February on increased export earnings, the central bank said Friday.Outstanding foreign currency-denominated deposits held by residents reached $52.68 billion as of end-February, up $3.42 billion from the previous month, according to the Bank of Korea.Residents include local citizens and foreigners staying here for more than six months as well as foreign companies. The data excludes inter-bank foreign currency deposits. The dollar-
March 7, 2014
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Hanjin Shipping signs crude transport deal with S-Oil
Hanjin Shipping, the shipping arm of Hanjin Group, said Friday it has signed a deal worth 120 billion won ($112.8 million) with the country‘s third-largest refiner S-Oil to transport crude oil.Hanjin Shipping will annually bring in 1.92 million tons of crude between 2014 and the first half of 2019 to Onsan, a port 410 kilometers southeast of Seoul, from Ras Tanura in eastern Saudi Arabia, the company said.The cash-strapped shipping company plans to close two loss-making container shipping lines,
March 7, 2014
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Samsung beats Apple’s bid for U.S. sales ban
Samsung Electronics defeated Apple’s bid for a court order barring U.S. sales of some Samsung smartphones that were found to infringe Apple patents in a ruling that may affect a trial over current products.U.S. District Judge Lucy Koh in San Jose, California, for a second time rejected Apple’s request to ban more than 20 Samsung smartphones, no longer on the market, that were at issue in the companies first U.S. patent trial in 2012.The decision may give Samsung leverage as the world’s top two s
March 7, 2014
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Asiana, KORAIL sign tie-up
Asiana Airlines and KORAIL, the state-run railway operator, will form a business alliance for a flight-railway package while also providing additional benefits for their customers, Asiana announced Thursday.The two companies agreed to jointly promote and market “Rail & Miles,” a bundle that contains both flight and railway transportation, in order to bolster inbound travel. Customers who reserve international flights through the Asiana website will have the option to purchase discounted tickets
March 7, 2014