Haitai Beverage, an affiliate of LG Household & Health Care, said Monday that it was changing its name to Haitai htb to reflect its plans to diversify its business operations.The company, which makes drinks like Sunkist, Cocopalm and Sunny10, said that removing the word “Beverage” from its official name signaled its decision to diversify into making medical and health food products.  The new logo for Haitai htb (Haitai htb)“We do not have a set date for releasing our new medical products, but we

Industry May 30, 2016

The number of flight passengers in April rose 7.4 percent on-year, the Transport Ministry said Monday.According to the ministry’s data, 8.36 million people took flights in April, continuing a steady increase from 2012. Of them, 5.7 million were international flyers, up 8 percent from last year thanks to expanded routes operated by low-cost carriers.The most notable increases were in flights to Oceania, Japan and Southeast Asia, regions well-served by budget carriers. Flights to those areas rose

Industry May 30, 2016

An investigation by the Japanese Transport Safety Board into a Korean Air Lines jetliner whose engine caught on fire at Haneda Airport in Tokyo said that the plane coasted 700 meters after the fire broke out, according to Kyodo News.The scan of the engine revealed that dozens of turbine blades towards the back of the plane‘s left engine had been shattered. Pieces of the blade and engine cover were found on the runway around the point the fire broke out, with track marks extending 700 meters past

Industry May 29, 2016

Convenience store chain GS25 achieved the highest level of consumer satisfaction among Korea’s top five convenience store chains, according to a survey by the Korea Consumer Agency. GS25 received an average rating of 4 out of 5 points, pushing it ahead of rivals 7Eleven (3.9 points) and CU (3.8 points).The survey was conducted by the Korea Consumer Agency from last November. It asked consumers to rate stores based on factors such as food quality, store cleanliness and service quality.The results

Industry May 29, 2016

Sales of Korean-made products have risen in domestic duty-free shops to reach 40 percent of all sales, according to data from the Korea Customs Service on Sunday.Duty-free outlets in Korea saw revenues of 3.74 trillion won ($3.17 billion) in the first third of 2016, marking an 18.1 percent increase from the same period last year. Korean-made products were credited for 42.2 percent of those sales.Tourists shop for cosmetics at Shinsegae Duty Free in Myeong-dong. (Yonhap)The latest numbers show a

Industry May 29, 2016

 Fried chicken has found a firm place in present-day Korean cuisine, despite being commonly considered a creation from the United States. Among other things, it is a staple as a midnight snack for Koreans and the food of choice at baseball stadiums, for get-togethers along the river and for those entertaining guests at home. Despite the saturated market, the fried chicken industry remains strong and is still growing, with technology allowing for efficient deliveries and continuously evolving rec

Industry May 27, 2016

Summer came early this year, with temperatures already surpassing 30 degrees Celsius by mid-May in Seoul. The hot weather has prompted activewear companies to roll out daily wear made with fabrics that dry fast and keep wearers cool, boosting sales in an otherwise slow season for fashion. “The release of (cooling fabrics) was definitely moved up this year,” said a spokesman from Kolon Industries, which makes the sportswear brand Kolon Sports. “Last year, most of those products came out in the fi

Industry May 26, 2016

The E-Land Group is considering selling one of its womenswear brands in the face of heavy debt and falling credit ratings, the group said Tuesday.The brand up for sale is Teenie Weenie, a womenswear brand affiliated with E-Land International Fashion Shanghai Co., owned by the group‘s Chinese arm. The brand broke into the Chinese market in 2004, and became the first Korean brand in China to reach 500 billion won ($419.5 million) in annual sales last year.Since Teenie Weenie is a major part of E-L

Industry May 24, 2016

Experts from all over the world gathered in Seoul for the 20th International Taurine Meeting on Tuesday for a conference focusing on the health effects of taurine on the brain, Dong-A Pharmaceutical said Tuesday.Cosponsored by Dong-A Pharmaceutical and the Seoul Metropolitan Government and hosted by the Korean Taurine Society, the four-day conference is a forum for sharing the latest research results about taurine. Seoul is hosting the conference for the first time in the event’s 40-year history

Industry May 24, 2016

Illegal sites selling smuggled duty-free cigarettes at low prices have been steadily rising as the excise tax increase last year nearly doubled domestic tobacco prices.The Tobacco Business Act outlaws any online transactions of cigarette products, as well as sales by unregistered retailers. These illegal sites operate their informal stores through blogs and other noncommercial channels.Prices on the smuggled cigarettes can be as low as 2,900 won ($2.50) per pack, significantly lower than the 4,5

Industry May 23, 2016

Whisky manufacturer Golden Blue has released Korea‘s first blended white whisky.Called “Phantom the White,” the white whisky was developed by Golden Blue over 3 1/2 years. It was blended by English blender Norman Mathison using a 100 percent Scottish whisky base.Models pose with Golden Blue‘s “Phantom the White.” (Golden Blue)The blended whisky is put through a compound filtering process to remove the brown color and leave a clear spirit, according to the company.Golden Blue said that unlike oth

Industry May 19, 2016

Herald Corp.’s organic food developer Organica has released a new cookbook featuring 40 vegan and raw food recipes penned by its head chef Christine Cho. “When I came (to Organica) last June, we started the blog Christine’s Vegan Kitchen. The recipes started to grow, and we thought we wanted to share them in a book form,” Cho told The Korea Herald in an interview on Wednesday. According to Cho, “Organica Vegan Kitchen” is a guide for Koreans who want to pursue a healthy vegan diet, but do not kn

Industry May 19, 2016

Shinsegae opened its Seoul duty-free outlet in the heart of the tourist district Myeong-dong on Wednesday, ahead of Doosan’s outlet set to open Friday.Located on the eighth to 12th floors of the Shinsegae Department Store, the sprawling duty-free store opened with about 600 brands including luxury brands like Gucci, Saint Laurent and Bottega Veneta.  Shinsegae DF CEO Sung Yong-mok speaks to reporters at the Westin Chosun Hotel in Jung-gu, Seoul, on Wednesday. (Yonhap)The company has yet to bring

Industry May 18, 2016

Kolon Industries, KT and Nokia on Wednesday signed a memorandum of agreement in Seoul on codeveloping Internet of things-related fashion products and services incorporating 5G communications technology. The partnership will later expand into construction and home IoT products, officials said. From left: Kolon Industries Business Strategy Division Chief Oh Won-sun, KT Executive Vice President Kim Hyoung-wook, Nokia Market Unit Korea Head Andrew Cope, Kolon Industries Operation TARDIS Executive Vi

Industry May 18, 2016

Incheon International Airport Corp. and Korea Airports Corp. are looking to export their know-how in creating Korean-style airports to other countries this year, according to the Transport Ministry on Tuesday.The two companies will be bidding for build-operate-transfer projects in the Philippines, Vietnam, Paraguay and Saudi Arabia. Incheon International Airport (Yonhap)If they are successful, the corporations will be responsible for building airports and operating them for 20 to 30 years before

Industry May 17, 2016