Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I

Industry Sept. 1, 2011

Korea’s high-end product markets expected to grow further in next 5 yearsKorean consumers’ love for luxury goods may have exceeded that of the Japanese, research found Wednesday.Koreans consumed 5 percent of their per capita income on high-end products, compared to 4 percent of the Japanese, accordi

Industry Aug. 31, 2011

 Baek Sung-hee, professor of biological science at Seoul National University, was on Tuesday awarded the Korea L’Oreal-UNESCO Awards for Women in Life Science in recognition of her study of cancer. Baek Sung-heeThe award, jointly given by the France-based beauty company’s Korean branch, UN

Television Aug. 30, 2011

Two prominent figures in Korea’s instant noodle industry gambled with new products this year, with totally different consequences revealed on Tuesday. Nongshim, the nation’s largest instant noodle maker, announced Tuesday it has decided to stop producing Shin Ramyun Black, whose sales started four m

Industry Aug. 30, 2011

Amid soaring gold prices, companies maintain gold reward for long-term workersLotte Department Store, a leading retailer, has maintained a unique reward system for long-term employees for more than 20 years ― offering a gold nugget. Starting with the 10 dons of gold given to workers who have worked

Industry Aug. 29, 2011

Korean consumers will be able to enjoy sipping instant coffee offered by Starbucks from next month, the Seattle-based company’s Korean branch said Sunday. The Korean introduction of the Starbucks VIA Ready Brew is scheduled for Sept. 16 at 363 Starbucks coffee houses here, Starbucks Korea spokeswoma

Industry Aug. 28, 2011

BUSAN ― AD Stars 2011, which marks its fourth anniversary this year, is the world’s first on-offline convergence advertising festival held in Busan, Korea’s southeastern port city. “Unlike other international advertising events, the Busan festival actually takes place all year long,” said Choi Hwan-

Industry Aug. 26, 2011

BUSAN ― AD Stars 2011, an international advertising festival, kicked off its three-day event on Thursday in this southeastern port city of Busan.The event, which celebrates the fourth anniversary this year, was the world’s first on-offline convergence advertising festival. Some 700 advertising indus

Industry Aug. 25, 2011

“Jeonse” prices soared in the metropolitan area to exceed half the value of new homes last month, research found Tuesday. The lump sum deposit that a tenant has to pay to the landlord reached 50.1 percent of home prices last month, the highest since 2006, research firm Real Today said.  A passe

Industry Aug. 23, 2011

A growing number of Koreans are turning to online retailers to purchase gold items at cheaper prices amid skyrocketing prices of pure gold here. G-Market, a leading online retailer, said Monday that its sales of solid gold items had increased almost sevenfold as of Aug. 15 compared to the same perio

Industry Aug. 22, 2011

Homeplus said that its COO Do Sung-hwan has been named as the chief executive of Tesco Malaysia.  Do Sung-hwanHomeplus started its operation here in 1999 as a joint venture between Samsung Group and Tesco. Currently, the U.K.-based retail giant holds almost 95 percent of company shares. In 12 y

Industry Aug. 21, 2011