Most Popular
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Seoul Fireworks Festival ends smoothly, but leaves piles of trash
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[AtoZ into Korean mind] The price of numbers: How rankings shape lives in Korea
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Yoon set for talks with Marcos in Philippines
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Can Jennie break the K-pop solo artist slump?
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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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Yoon honors veterans of Korean War in trip to Philippines
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Seoulites celebrate coexistence at Wellness Seoul 2024
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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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5G availability in S. Korea at just 15%: report
South Korean smartphone users' connection to 5G network services is far lower than expected, with 5G users only able to use the fastest network 15 percent of the time, a report showed Tuesday. South Korea, the first country around the globe to commercially launch a 5G mobile network in April last year, currently offers 5G services in non-standalone mode, which requires support from the 4G LTE network. Currently, 5G mobile network services are limitedly available in major cities, such as Seoul.
June 30, 2020
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[Best Brand] Geumsan Black Ginseng Specialty goes global
HEALTH FOOD GEUMSAN BLACK GINSENG SPECIALTY When Geumsan Black Ginseng Specialty started out in 2012, it only had two employees. However, despite its humble beginnings, the headcount now stands at 27, with its revenue spiking to 4.3 billion won ($3.5 million) last year from 150 million won in 2015 thanks to its flagship product “Geumheuk.” Geumheuk Korean black ginseng tonic is manufactured by a unique process that steams and dries Korean ginseng nine times. Its juice is extracte
June 30, 2020
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[Best Brand] Hyundai E&C‘s brand marketing of Hillstate apartment, keeps it stay afloat
CONSTRUCTION HILLSTATE (HYUNDAI E&C) Hyundai Engineering & Construction, the construction company of South Korea‘s top apartment brand Hillstate, steps ahead to take the residential experience and brand image to the next level. Hillstate is an award-winning apartment brand with high public awareness for its design, landscaping and convenience facilities that it offers its residents. The apartment brand is widely known for its smart features designed to ensure a secure, conven
June 30, 2020
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[Best Brand] Pampers appeals to parents with quality, consumer campaigns
CONSUMER GOODS PAMPERS (P&G) Consumer goods manufacturer Proctor & Gamble’s baby and toddler brand Pampers has been the most preferred diaper brand among mothers in 130 countries for decades. Pampers first hit the market in 1961, after a P&G engineer Victor Mills looked into the practicality of making a better diaper for his newborn grandchild by changing the cloth diaper into a disposable one. Since then, some 3 million diapers are tested at Pampers annually to offer cust
June 30, 2020
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ECCK appoints Schenker Korea CEO Dirk Lukat as new chairperson
The European Chamber of Commerce in Korea has appointed Dirk Lukat, CEO of Schenker Korea, as the new chairperson, the organization said Tuesday. Lukat is a German citizen and has been the CEO of Schenker Korea in Seoul since January 2015. He will represent the ECCK and oversee its operations and activities, effective July 1, 2020. The new leader started his career at Schenker & Co. in Frankfurt in 1986 and held management positions at DB Schenker in Singapore, Vietnam and India. Befor
June 30, 2020
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Daewoo E&C to start selling Giheung Prugio Forepiece apartments in July
Daewoo Engineering & Construction is slated to start selling apartment units of Giheung Prugio Forepiece in July, offering vicinity to capital Seoul and a peaceful life next to a park. According to Daewoo E&C Tuesday, Giheung Prugio Forepiece will offer a total of 677 households ranging from 59-84 square meters nestled right next to a 59,828-square-meter park in Giheung, Gyeonggi Province, just one bus stop away from Gangnam. When Yongin Station of GTX Line A opens in 2023, it will
June 30, 2020
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[Best Brand] Coway water purifier changes kitchen culture
WATER PURIFIER COWAY Coway’s P-150N water purifier has steadily changed Korean kitchen culture since its launch in 2010, offering ease of use and high space-efficiency. The flagship Coway built-in water purifier P-150N is designed to reflect the lifestyles of consumers who want spacious kitchens. It is easy to place even in a small space by applying a slim 15-centimeter-wide design. The body is installed under a sink or an island table and only the faucet that water comes out of is ex
June 30, 2020
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[Best Brand] LocknLock caters to simpler home-cooked meal culture
KITCHEN UNTENSILS LocknLock Under the influence of COVID-19 this year, a new trend of having healthy home-cooked meals instead of eating out has spread further. In response to the trend, global household goods company LocknLock, has introduced a glass container for rice, called “Barohanki,” to propose a way of enjoying simple but healthy meals at home. The Barohanki container allows users to store rice in small amounts equivalent to a single portion. Users can store it in thei
June 30, 2020
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[Monitor] Fewer young Koreans willing to be entrepreneurs
Less than expected percentages of young Koreans are found to be willing to work on their own or for companies, showed data by Korea Entrepreneurship Foundation on Monday. The foundation conducted a survey on 12,004 individuals and 3,085 companies last year to measure entrepreneurship of Koreans by age group. Some 12.8 percent of the respondents in their 20s said they had plans to work or establish startups, a figure lower than expected. The remaining 87.2 percent said no to the same quest
June 30, 2020
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SK hynix Q2 profit tipped to more than double on chip prices
SK hynix Inc., South Korea's second-largest chipmaker, is likely to see its second-quarter profit more than double from a year earlier, analysts here said Tuesday, thanks to strong memory chip prices amid the novel coronavirus pandemic. SK hynix was expected to log 8.29 trillion won ($6.9 billion) in sales in the April-June period, up 28.6 percent from a year earlier, while its operating profit was estimated to surge 166 percent on-year to 1.7 trillion won over the period, according to the dat
June 30, 2020
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WTO to decide on opening panel on Seoul-Tokyo trade row next month
The World Trade Organization (WTO) will decide next month whether to set up a panel to look into South Korea's complaint against Japan's export restrictions, officials said Monday. The Geneva-based trade body held discussions on the issue that day but stopped short of reaching an agreement because of Japan's rejection. The matter will be dealt with in the next Dispute Settlement Body session slated for July 29. According to WTO rules, the panel will be set up automatically, even with
June 29, 2020
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Prosecutors drop charges against Elliott in connection with Samsung mergers
South Korean prosecutors have dropped charges against US hedge fund Elliott Management Corp. suspected of violating its duty to report a stake increase in Samsung C&T Corp. prior to its 2015 merger with another Samsung unit, prosecution officials said Monday. The Seoul Southern District Prosecutors' Office decided not to indict the company because its probe has found no grounds to bring charges, they said. South Korea's financial regulator filed a complaint in early 2016 seeking a
June 29, 2020
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[Best Brand] Time for innovative brands to shine
Be it a business-to-business or business-to-consumer trade, the revenue of a company is deeply associated with the power of its brand. Brand power refers to the influence the name holds over the spending behavior of consumers, which can also be used to predict future spending patterns. The power of a brand can be measured in terms of statistics, and also in reference to consumer cognition. It can thus be detrimental for a business in its daily, monthly and yearly operations as well as in e
June 29, 2020
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NHN launches automated in-hospital messenger service
Korean information technology firm NHN said Monday it has launched an automated in-hospital messenger service setting out to streamline medical professionals’ workflow. The system is optimal for cases where medical professionals from several disciplines have to collaborate, NHN said. TOAST MedicalTalk will first be applied at Severance Hospital in Yongin, Gyeonggi Province. The communication tool aids medical professionals in delivering patient-centered treatment. It combines the preexi
June 29, 2020
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Experts call for easing Japan’s export curbs on Korea
Experts said Monday the current trade restrictions imposed by Japan on South Korea should be alleviated as strengthened cooperation in material, parts and equipment will lead to greater economic value. Speaking at a seminar hosted by the Federation of Korean Industries, they noted that closer cooperation between both countries could generate added value worth $123 billion. The seminar aimed to explore the economic impact of Japan’s export regulations on three major high-tech raw materi
June 29, 2020
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LG Electronics Q2 earnings tipped to be tepid on pandemic: analysts
LG Electronics Inc., a major home appliance maker in South Korea, is likely to suffer a sharp decline in its second-quarter earnings due to the novel coronavirus pandemic, analysts here said Monday, although it is expected to rebound from the third quarter. LG was expected to log 13.19 trillion won ($10.9 billion) in sales in the April-June period, down 15.59 percent from a year earlier, while its operating profit was estimated to plunge 34 percent on-year to 430 billion won over the period,
June 29, 2020
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Samsung tipped to log robust Q2 earnings on chip biz: analysts
Samsung Electronics Co.'s second-quarter earnings could be better than expected, analysts here said Monday, as its robust chip business is likely to offset losses in its smartphone and display businesses amid the novel coronavirus pandemic. Samsung was expected to log 53.39 trillion won ($44.4 billion) in sales in the April-June period, down 5.5 percent from a year earlier, while operating profit was estimated to drop 2.3 percent on-year to 6.44 trillion won over the period, according to data
June 29, 2020
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Work-life balance draws IT talents to Pangyo Techno Valley
South Korea’s brightest IT minds are gathering to Pangyo Techno Valley -- a tech hub modeled after Silicon Valley in the US -- not only because of its vicinity to Seoul but also because of its culture that seemingly respects work-life balance, something rare among traditional big companies. The phenomenon is attributed to the rise of IT powerhouses that have nestled in Pangyo, as well as the changing perception of success among the younger generation, industry watchers say. Working long
June 28, 2020
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LG’s modest but strong change under Koo Kwang-mo
LG Group Chairman Koo Kwang-mo marks two years Monday since he took the helm of South Korea’s fourth-largest conglomerate. Under his new and pragmatic leadership, the group has seen quiet but significant changes. Koo became the new leader of LG on June 29, 2018, at the age of 40 after his father, Koo Bon-moo, passed away a month earlier. He inherited the group in the Confucian tradition whereupon the eldest son takes over the family business. The late Koo’s management philosophy
June 28, 2020
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Seoul to expand ties with Beijing, Tokyo in marine shipping amid pandemic
South Korea said Sunday it plans to bolster ties with neighboring countries in the field of marine shipping to overcome the pandemic-caused challenges, by utilizing smart technologies and promoting non-contact cooperation. South Korea will take part in a virtual ministerial meeting for logistics slated for Monday, and plans to request China and Japan to bolster shipping industry ties to cope with the virus pandemic, according to the Ministry of Oceans and Fisheries. "South Korea, China,
June 28, 2020