DJI revealed its latest mini-drone Spark on Tuesday, aiming to expand its consumer base beyond drone enthusiasts with a lightweight, easy-to-use model.“It‘s easy to use, so we are targeting people who are using drones for the first time,” Moon Tae-hyun, DJI Korea’s country manager, told reporters at a press conference at the DJI Arena in Yongin, Gyeonggi Province. DJI Korea Country Manager Moon Tae-hyun holds the Spark at the DJI Arena in Yongin, Gyeonggi Province Tuesday. (DJI)Weighing in at ju

Industry May 30, 2017

Kolmar Korea Chairman Yoon Dong-han was sentenced Monday to 2 1/2 years in prison, suspended for three years, for tax evasion.Yoon was indicted for failing to pay some 3.6 billion won ($3.2 million) worth of taxes while trading stocks of Kolmar Group subsidiaries under other names. The transactions of Kolmar Group’s affiliate stocks including those of Kolmar, Kolmar Holdings and HNG took place between 2012 and 2015. Yoon Dong-han, chairman of Kolmar Korea (Yonhap)The investigation into Yoon reve

Industry May 29, 2017

Diageo Korea said Monday that it has released Bell’s blended Scotch Whisky in the Korean market.The 200-year-old British whisky brand is known for its soft, balanced flavor. In line with the effort to make whisky more accessible to younger drinkers, the 700-milliliter bottle is stylishly designed with the Union Jack, the company said. (Diageo Korea)Its low price also makes it optimal for those who wish to enjoy whisky at home, it added.“With its soft and rich taste, reasonable price, and nearly

Industry May 29, 2017

Former Hyosung Chairman S.R. Cho’s international experience both in his education and in his business leadership shaped him into an expert in international ties, helping him to serve as a private-sector ambassador.Cho was a highly visible figure in international relations during his time at the helm of Hyosung, serving as the Federation of Korean Industries chairman from 2007 to 2010. During his term, he traveled extensively overseas, making 30 trips in just 130 days.In particular, Cho focused h

Industry May 28, 2017

MANGOES FROM INDIA -- Models show mangoes imported from India at an E-mart branch in Seoul on Friday. The retail giant is the first to distribute Indian mangoes at its discount chain across the country. (Yonhap)

Industry May 26, 2017

Kumho Asiana Chairman Park Sam-koo is under high pressure to negotiate terms for the use of the Kumho Tire name in an ongoing purchase deal with Chinese tiremaker Doublestar, as Kumho Tire creditors on Friday discussed extending the deadline on the company’s debt by three months.Kumho Tire is expected to pay back approximately 1.3 trillion won ($1.16 billion) of debt at the end of next month, but it is currently facing a liquidity crisis. Without an extension on the deadline, the company is like

Industry May 26, 2017

FLYING PETS -- A Korean Air passenger requests the air carrier’s Skypets service, which provides frequent flyers with discounts for transporting pets. Each flight taken with a pet on Korean Air earns stamps that can be later traded for discounted or free transportation for a pet accompanying a passenger, the air carrier said. (Korean Air)

Industry May 26, 2017

Luxury brand Louis Vuitton has begun taking reservations for tickets to its free brand exhibition “Volez, Voguez, Voyagez -- Louis Vuitton.”The exhibition will feature roughly 1,000 items collected by the design house from its establishment in 1854. The show is organized into 10 themes that illustrate the history of the brand, culminating in a space devoted to the artisanal spirit of Louis Vuitton. “Volez, Voguez, Voyagez -- Louis Vuitton,” a new exhibition from Louis Vuitton (Louis Vuitton)Thos

Industry May 26, 2017

Lotte Liquor said Wednesday that it would be releasing a new line of beer on June 1, in the hope of finding growth in a stagnant domestic beer market.“The beer market in Korea has been growing at a compound annual growth rate of 4.9 percent between 2014 and 2016, but much of that growth has been fueled by imported beers,” said Baek Seung-sun, head of marketing for the new Fitz Super Clear beer, at a press conference at Lotte Hotel World in southern Seoul Wednesday. Models pose with Fitz Super Cl

Industry May 24, 2017

The inauguration of President Moon Jae-in in South Korea has raised hopes for thawing relations between Seoul and Beijing, but businesses say that it may take some time before sales rebound. In March, the Chinese government began taking unofficial measures against Korean businesses serving Chinese customers and tourists. These actions were interpreted as retaliation for the Korean government’s decision to install an American anti-missile system here. Special envoy Lee Hae-chan (left) shakes hand

Industry May 23, 2017

The former vice chairman of Lotte is attempting to halt Lotte Chairman Shin Dong-bin‘s efforts to create a Korean holding company of the group, according to law firm Barun Law on Monday.The firm, which represents former Vice Chairman Shin Dong-joo’s SDJ Corporation, said that it had filed for an injunction with the Seoul Central District Court to prevent four Lotte companies from merging their investment entities to create a central holding company.  Chairman Shin Dong-bin (Lotte)According to Ch

Industry May 22, 2017

HALLYU IN JAPAN -- Korean cosmetics are introduced at the K-Studio booth at the 2017 KCON Japan. The event included sales promotions and informational booths for Korean small and medium businesses, according to the Small and Medium Business Administration. (Small and Medium Business Administration)

Industry May 21, 2017