The Korea Herald

A plastic box that meets global demands

Lock&Lock aims to become global No. 1 in airtight containers by 2013This is the fourth installment of a series that spotlights Korean products enjoyed by people abroad. ― Ed. In June 2002 many foreigners, including college students, visited the country to watch the World Cup soccer

Industry Oct. 9, 2011

Koreans offer condolences, praise Jobs’ legacy

The local IT scene on Thursday paid tribute to Apple founder and visionary Steve Jobs following the news of his death. The mastermind behind iMac, iPhone and iPad died from cancer aged 56, the California-based firm announced Thursday. The stock prices of Samsung Electronics, whose relationship with

Industry Oct. 6, 2011

Venture companies play key role for ‘Dynamic Korea’

When it comes to representative Korean companies, many people think of large conglomerates such as Samsung Electronics and Hyundai Motor. It’s true that they have elevated Korea’s global status: Samsung Electronics is an IT leader vying with Apple, while Hyundai Motor is a front-runner in Korea, the

Industry Oct. 6, 2011

Venture companies play key role for ‘Dynamic Korea’

Retail giants tighten belts amid economic uncertainty

Local retailers have started belt-tightening measures amid heightened economic uncertainty and toughened government regulation, industry sources said Wednesday. Lotte Group allegedly implemented a belt-tightening policy since last week centered on its retail subsidies such as Lotte Department Store,

Industry Oct. 5, 2011

Tefal to unveil new coating and base innovation

Cookware and small home appliance maker Tefal presented its brand new coating and base technology for frying pans in Seoul on Wednesday. From as early as mid-October, all Tefal frying pans will be replaced with the new line named “Tefal Intensium 3D Coating,” the company said. Even though new produc

Industry Oct. 5, 2011

Tefal to unveil new coating and base innovation

Retailers to protest FTA nationwide

The Korea Federation of Retail Organizations plans to hold a nationwide rally at the end of this month to call for protection measures related to the free trade pacts with the European Union and the United States. The group, which represents 1.25 million retailers, said some 30 retail business-relat

Industry Oct. 4, 2011

Homeplus sets up team for shared growth

By Lee Ji-yoonHomeplus, the nation’s No. 2 supermarket chain, said Tuesday it has launched a team responsible for shared growth with its business partners. The team was organized in April to better support transactions of small and medium-sized suppliers and improve contract conditions, the company

Industry Oct. 4, 2011

Tire labeling: A game changer

Industry expects more business opportunities from green tiresDUSSELDORF, Germany ― Germany-based specialty chemicals company LANXESS celebrates the annual “rubber day” in September. To mark 102 years of synthetic rubber, the company held a business conference in this German city on Sept. 21.The even

Industry Oct. 3, 2011

Lotte chairman hints at M&A of blue-chip companies

Lotte Group chairman Shin Dong-bin recently emphasized efforts to turn the current economic crisis into an opportunity, urging executives to look for blue-chip companies for mergers and acquisitions. “This time of economic downturn could be an opportunity. We need to be more active in the M&A of hea

Industry Oct. 3, 2011

Lotte chairman hints at M&A of blue-chip companies

‘Why’ is designer’s most critical question: Bangle

World-renowned designer calls work with Samsung inspiring and challengingFollowing is the sixth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed. An upcoming visit by visionary designer Chris B

Industry Oct. 2, 2011

‘Why’ is designer’s most critical question: Bangle

Work with Samsung ‘inspiring and challenging’

Former BMW designer Chris Bangle shares ideas and hopes on future designChris Bangle, former chief of design at BMW, will make his second visit to Seoul early this month.Bangle, who resigned from the German carmaker in 2009, has recently become a design consultant for Samsung Electronics. With tangi

Podcast Oct. 2, 2011

Work with Samsung ‘inspiring and challenging’

Sempio to unveil soy sauce cotton candy

Local condiment maker Sempio Foods Co. said Friday it would unveil its soy sauce cotton candy on Sunday. In Japan, ice cream and candies that use soy sauce have already been enjoyed. But it is the first time in the world that cotton candy has been made of soy sauce, the company said. Based on the id

Industry Sept. 30, 2011

FTC, retailers in discord over shared growth

Major department stores on Friday expressed concerns about antitrust authorities’ inspections into their shared-growth efforts with smaller businesses that could start as early as on Oct. 4. Early last month, the Fair Trade Commission reached an agreement with 12 department stores, supermarket chain

Industry Sept. 30, 2011

German parliament passes expanded euro fund

BERLIN (AP) — German lawmakers on Thursday overwhelmingly approved expanding the powers of the eurozone bailout fund in a major step toward tackling the bloc's sprawling sovereign debt crisis.The measure had been largely expected to pass the lower house of parliament, but a lively debate ahead

World Sept. 29, 2011

Gmarket rewards merchants for making overseas sales

Gmarket, the nation’s No. 1 online marketplace, said Thursday that it will offer incentives to users who offer better services for overseas customers. According to the company, online cash will be given to the sellers who best promote their products in English until the end of October. Depending on

Industry Sept. 29, 2011

Articles by Lee Ji-yoon