Asiana Airlines said Tuesday it has converted the irregular Incheon-Kaohsiung and Incheon-Phu Quoc operations into regular routes.The flights to Kaohsiung in Taiwan will be operated seven times a week, and the flights to Phu Quoc, Vietnam, will be operated four times a week. Asiana said it held a ceremony at the Incheon International Airport’s Terminal 1 to celebrate the launch of the new regular routes on Monday. By Kim Da-sol (ddd@heraldcorp.com)

Industry Oct. 29, 2019

MARKETING AWARDS/ GOLD PRIZEWOONGJIN COWAYBy Kim Hyoung-kwonMarketing division director and executive directorWe appreciate being selected for The Korea Herald’s Advertising Awards this year. Woongjin Coway is a life care company that aims to create a healthy and convenient lifestyle. We are doing our best to make our customers enjoy a safe living environment including water, air and sleep. Amid growing public concerns over fine dust particles each year, air purifiers have become

Industry Oct. 29, 2019

Mirae Asset Daewoo received an award at the 2019 DJSI International Conference last week for appearing on the Dow Jones Sustainability World Index for an eighth consecutive year, the company said Monday.The Dow Jones Sustainability Indices, created in 1999 jointly by S&P Dow Jones and Robeco SAM, acknowledge the most sustainable companies across 61 industries in consideration of economic, environmental and social criteria. The DJSI serve as best-in-class benchmarks for investors, providing i

Industry Oct. 28, 2019

South Korean food manufacturer CJ CheilJedang said Monday it is betting on dried seaweed as the next megahit food item for exports, following the popularity of its Bibigo dumplings.The company plans to double its dried seaweed sales by 2023, amid the expanding global market for the product. In recent years, crispy and flavorful seaweed has gained popularity overseas as a healthy snack, full of vitamins and minerals.CJ CheilJedang, which began marketing dried seaweed in 2006 and started exporting

Industry Oct. 28, 2019

GS Engineering and Construction said Sunday it had bought a nearly 50 percent stake in a $1.4 billion project to construct a petrochemical plant in Turkey.The South Korean builder has signed a shareholder agreement with Ronesans Holding of Turkey to acquire a 49 percent stake in Ceyhan Petrokimya Endustriyel Yatrim (CPEY), a subsidiary of the Turkish business group, the firm said. The signing ceremony was held in Istanbul on Sept. 26.  By buying the stake, GS E&C will also earn profits

Industry Oct. 27, 2019

Following the South Korean government’s “strong warning” on the use of liquid-type e-cigarettes over health concerns Wednesday, the country’s major retailers are moving to suspend sales of the related products.The country’s largest discount chain E-Mart said Thursday it has decided to remove flavored liquid e-cigarettes including Viento’s Ice mango, Water melon and five different flavors, as well as Relx’s Mung Bean ice and Fruits, from its 74 E-Mart, Pi

Industry Oct. 25, 2019

LG Household & Health Care has reported a record-high third quarter performance on Thursday, which the firm attributed to the continued trend of premium beauty products. LG H&H posted an operating profit of 311.8 billion won ($266 million) in Q3, up by 12.4 percent on-year. Its sales came at 1.96 trillion won, increased 13.1 percent from last year.  The company said despite deepening concerns in the overall Asian economy, the consumer demand for luxury cosmetics has continued,

Industry Oct. 24, 2019

Beauty and fashion powerhouse LVMH’s cosmetics retailer Sephora opened its first store in Korea in the capital’s posh Gangnam on Thursday. The brick-and-mortar Sephora store is located inside Parnas Mall in Samseong-dong, showcasing some 100 different cosmetics and perfume brands including its own Sephora collection. “Korean market has the most vibrant, dynamic and trend-savvy customers who have high understanding of beauty products,” said Benjamin Vuchot, president

Industry Oct. 24, 2019

Hyundai Motor Group said Thursday its operating profit in the third quarter fell 69.4 percent on-quarter, after having injected some 600 billion won ($511 million) to settle US lawsuits regarding faulty engines.According to Hyundai, its third-quarter operating profit is estimated at 378.5 billion won, while sales came in at 26.9 trillion won. Earlier this month, Hyundai announced a lifetime warranty for its 4.69 million faulty Theta 2 GDi engines in its vehicles, following massive recalls a

Industry Oct. 24, 2019

Hyundai Motor Group has unveiled the new design and specifications of its premium flagship sedan Grandeur’s sixth-generation model.The drastic design changes of the New Grandeur model were highly anticipated as Hyundai recently adopted the concept of “sensuous sportiness,” focusing on making the car body longer and sleeker, aiming for futuristic automotive designs.  For the first time, Hyundai has applied an integrated-type front grill and head lamp design, decorating the

Mobility Oct. 24, 2019

Asiana Airlines said Wednesday that it will offer job experience opportunities to teenagers at the education donation exhibition taking place from Wednesday to Saturday at Kintex in Ilsan. The eighth annual event hosted by the Education Ministry invites some 150,000 teenagers to experience different job and career opportunities, with some 120 companies participating.  Asiana has been taking part in the exhibition for eight consecutive years, hoping to nurture talent in the aviation ind

Industry Oct. 23, 2019

Audi unveiled its bestselling premium business sedan A6’s fully changed version in South Korea on Wednesday.The all-wheel drive New Audi A6 comes in two trims: New Audi 45 TFSI Quattro and New Audi 45 TFSI Quattro Premium. Both models run on 2.0-liter four-cylinder turbocharger engines and use the seven-speed S tronic dual-clutch transmission, producing 252 horsepower and a maximum 37.7 kilogram-meters torque. Audi said it has applied its new Audi design language, upgrading A6 with sportin

Mobility Oct. 23, 2019

South Korean tobacco manufacturer KT&G has received the top corporate governance award, the firm said Wednesday. This year’s corporate governance evaluation was reviewed by Korea Corporate Governance Service covering some 924 listed companies and financial firms. KT&G said it received top grades in the KCGS’ ESG evaluation for two consecutive years, which includes social responsibility, environmentally responsible management and governance, recognized for the high l

Industry Oct. 23, 2019

The South Korean government on Wednesday issued a “strong warning” on the use of liquid-type e-cigarettes over health concerns, drawing public attention to the different popular brands available here. There are three types of e-cigarettes sold in Korea: heat-not-burn, liquid, and a hybrid version which combines the first two types. Korea’s e-cigarette brands account for 13.5 percent of its tobacco market by sales as of June, according to government data. The total tobacco

Industry Oct. 23, 2019

Up to 250 hydrogen charging stations will be built across Korean cities and highways by 2022 to provide drivers access to hydrogen charging within 30 minutes of wherever they are, the government said Tuesday. According to the government’s hydrogen infra establishment measure, jointly mapped out by the industry, transport and environment ministries, up to 190 hydrogen charging stations for vehicles and 60 charging stations for buses will be built over the next three years.  By 204

Industry Oct. 22, 2019