South Korean heavy construction equipment makers such as Doosan Infracore and Hyundai Construction Equipment saw their sales of wheeled excavators rebound in China last year, following the recovery of the country’s construction market. According to China Construction Machinery Association data, Doosan Infracore sold 15,630 excavators last year, while Hyundai Construction Equipment sold 7,234.  Doosan InfracoreEach of the firms recorded their highest number of sales in eight years.Last year, the

Industry Jan. 14, 2019

South Korean food company Pulmuone said its tofu sales in the US had reached $88 million last year, an on-year increase of about 11.1 percent.On the strength of growing consumer interest in the protein-rich food, the US tofu market has grown to $97 million, market data showed. According to Pulmuone USA, the company held 73.8 percent of the market share as of Dec. 3. The company said its sales target for the US tofu market was 100 billion won ($89.3 million). Currently, Pulmuone operates global s

Industry Jan. 13, 2019

SK Group said Sunday that the first combined presentation by its core affiliates -- including SK Innovation, SK Telecom and SK hynix -- showcasing the latest mobility technology at Consumer Electronics Show 2019 was a great success. This year’s CES, held last week in Las Vegas, drew about 180,000 spectators, according to organizers.Under the theme of “Innovative Mobility by SK,” the company hosted a booth on innovative mobility technologies. Participants in Consumer Electronics Show 2019 visit S

Industry Jan. 13, 2019

In recent years, South Korea’s door-to-door delivery service has evolved to allow customers to expect their parcels the very next day, or within 2 to 3 days at maximum. While much of this dynamic still stands, e-commerce companies and retail giants have rolled out a “dawn delivery” service, striving to cut down delivery times even further. Dawn delivery allows orders to be placed as late as midnight with deliveries guaranteed to arrive by 7 a.m. the next day. Daily necessities and perishable fre

Industry Jan. 13, 2019

South Korea’s whiskey sales have been on a downward turn for the past decade amid sluggish domestic consumption, industry data showed Sunday.According to industry data, the domestic sales of the spirit recorded some 1.49 million boxes, or 26 million bottles of 500 ml whiskey, last year, about 6.2 percent decrease from some 1.59 million boxes sold in 2017. After reaching a peak in 2008 when 2.84 million boxes were sold, the local whiskey market has been suffering from slowing demand for heavy liq

Industry Jan. 13, 2019

Instant and prepared foods such as dosirak (boxed lunches), gimbab (seaweed and rice rolls) and sandwiches will soon be available for delivery from South Korea’s major convenience store chain, according to BGF Retail, which operates the CU chain. The company said Thursday that it has joined hands with Delivery Hero Korea, an operator of the popular delivery app service Yogiyo, to offer nationwide delivery services.The two signed a memorandum of understanding, agreeing to work together to expand

Industry Jan. 10, 2019

LG Household & Healthcare’s cosmetics brand The Face Shop has acquired a 100 percent stake in global beauty brand Avon’s factory in Guangzhou, China, for 79.3 billion won ($70 million), the company said Wednesday. (Yonhap)The company said that through the buyout, it will maximize The Face Shop’s manufacturing capacity and strengthen its presence in China and global markets.The firm said the buyout process will be completed by February, following the Chinese government’s approval.Built on 74,500

Industry Jan. 9, 2019

LG Hausys, a housing material manufacturer, said Tuesday that its Hidden Display Handle won an innovation award at the Consumer Electronics Show 2019, in a first for the housing material industry.The Hidden Display Handle features internet of things technology. Its built-in display shows information on the weather, fine dust concentration levels, as well as air quality. The design has a graphical user interface that hides the liquid-crystal display.  LG Hausys’ Hidden Display Handle (LG Hausys)T

Industry Jan. 8, 2019

South Korean e-commerce company Coupang said Friday that it had become an authorized online reseller of Apple products. Apple products such as the iPad Pro, new MacBook models and the Apple Watch Series 4, can be now found in Coupang’s Apple brand store where customers can use Coupang’s One-Touch Payment and receive rapid delivery via Coupang’s RocketDelivery service from January. Coupang is known for its extensive customer reach and record for maintaining the industry’s best customer service. A

Industry Jan. 4, 2019

South Korean low-cost carrier Air Busan said Friday that it will operate a flight route connecting Busan and Singapore until Jan. 29. It is the first attempt for a budget carrier to operate the Busan-Singapore route. Air Busan said the flights were scheduled for every Tuesday and Friday, departing Gimhae International Airport at 6:15 p.m and arriving in Singapore at 11:15 p.m. Returning flights will leave Singapore at 12:15 a.m. and arrive here at 7:20 a.m. on the following day.The temporary fli

Industry Jan. 4, 2019

Hyundai Motor said Friday that eight cars from Hyundai Motor and its sister company Kia Motors, as well as its premium brand Genesis, won 2018 Good Design Awards.According to the carmaker, its Le Fil Rouge, Santa Fe, Kona, Solati Moving Studio, Kia Motor’s K3 and K9 and Genesis’ Essentia Concept and G70 were awarded in the category of transportation design. This marks the ninth consecutive year Hyundai vehicles have been recognized with the honor.Jointly presented by the Chicago Athenaeum Museum

Mobility Jan. 4, 2019

SsangYong Motor unveiled its upgraded pickup Rexton Sports Khan on Thursday, targeting drivers keen on outdoor activities and leisure sports. The main difference between the previous Rexton Sports and the new Rexton Sports Khan is a 310-millimeter-longer utility deck and improved loading capacity, the company said.  SsangYong Motor’s Rexton Sports Khan is displayed in Seoul on Thursday. (SsangYong Motor)The longer body Rexton Sports Khan has 24.8 percent increased deck space that can be loaded w

Mobility Jan. 3, 2019

Putting a tough year behind them, a year full of accusations of unfair business practices and shortcomings in performance, South Korea’s leading business groups are vowing stringent measures to overcome the challenges that lie ahead in 2019. They say they will make ceaseless efforts to achieve innovation, hopefully on the back of a more favorable regulatory environment.The chiefs of major companies released their New Year’s speeches and corporate messages on the first business day of 2019, messa

Industry Jan. 2, 2019

Led by transformations in sales channels and customer demand, consumer trends for 2019 will center on subscription e-commerce, faster delivery and eco-packaging, according to market experts. Subscription e-commerce, a field of business that involves curating products and delivering them on a regular basis, has been gaining popularity because it meets needs for tailored services, value and convenience.(123rf)From clean, neatly ironed business shirts to craft beers, you can get almost anything thr

Industry Dec. 31, 2018

In just five years, a young and vibrant fashion brand has become a staple for young South Korean women. Im Ji-hyun, Imvely’s spokesperson and creative director, said it all started with a genuine interest in what to wear and how to put on makeup.“Like most other women, I have always been fascinated with clothes and cosmetics. But since I could not afford a variety of them, I often liked to play around with what I had and mix and match,” Im told The Korea Herald at her office in the Gasan-dong ar

Industry Dec. 27, 2018