Most Popular
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1 in 3 Koreans live alone, family types becoming diverse
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Korea, Japan finance chiefs vow to tame rampant FX market volatility
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K-pop singer lost consciousness after being hit by foul ball, cancels show
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K-pop group's manager dismissed for setting up spycam in theater dressing room
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Contentious grain bill put directly to plenary meeting for vote
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Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
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Why is Apple Pay struggling to get purchase in Korea?
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Yoon's office denies considering liberal figures for key posts
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Today’s K-pop] BTS pop-up event to come to Seoul
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October biz outlook turns bullish: poll
A majority of companies in South Korea are upbeat about business conditions for next month due to a U.S. interest rate freeze and other favorable factors, a poll showed Tuesday. According to the survey conducted on the country's top 600 companies by the Federation of Korean Industries, the business survey index for October stood at 101.2A reading above 100 means companies that are optimistic about business conditions down the road outnumber pessimists.After peaking at 103.7 in March, the figure
Sept. 29, 2015
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Foreign ownership of Samsung Electronics falls below 51 pct
Foreign ownership of Samsung Electronics Co. has dropped below the 51 percent level for the first time in 14 months, market data showed Tuesday, as offshore investors continue to sell its shares due to a bleak earnings outlook.Foreign holdings of Samsung Electronics shares came to 50.76 percent as of Friday, marking the first time since July 18 last year that the figure has fallen below the 51 percent level, according to data by the Korea Exchange.Foreign ownership of Samsung, the top-cap compan
Sept. 29, 2015
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Yuhan-Kimberly leads flexible work culture
Yuhan-Kimberly, the country’s leading producers of tissue and personal care products, continues to evolve its flexible work culture in order to enhance productivity and competitiveness. Yuhan-Kimberly employees work in an open-plan office at the firm’s headquarters in Seoul. (Yuhan-Kimberly)The company has adopted what it calls a “Smart Work” approach since 2011, offering its employees the freedom to choose their working time and locations with the responsibility to meet business needs. “A growi
Sept. 24, 2015
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[Herald Interview] 'Organic consumers have good diet habits’
Organic food is not necessarily healthier than its conventional counterpart in terms of positive ingredients, but its consumers have a healthier diet and are trained to eat better, according to the head of the world’s top organic food body. Gerold Rahmann, president of the International Society of Organic Agriculture Research“Organic is not about a product’s quality system but a process quality system,” said Gerold Rahmann, president of the International Society of Organic Agriculture Research,
Sept. 24, 2015
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Kumho Asiana Group buys back Kumho Industrial
Kumho Asiana Group chairman Park Sam-koo signed a deal to buy back controlling stake in the de facto holding firm of the group from creditors for 722.8 billion won ($605.96 million), six years after he lost control. The group announced Thursday that it entered into a stock purchase agreement to acquire Kumho Industrial -- the key firm of the group’s governance structure -- after a months-long tussle over the sale price with creditors. The creditors initially proposed 1.2 trillion won for the tak
Sept. 24, 2015
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Foreign investors expected to visit Gaeseong complex next month
Foreign investors are highly likely to visit North Korea‘s industrial complex located in the border city of Gaeseong on Oct. 15 to look for investment opportunities, Invest Korea said Thursday. The nation’s investment promotion agency under the wing of KOTRA said it has pushed for the visit as a sideline event of its annual foreign investment promotion event, called Investment Week, which is to be held between Oct. 13 and 15 at the Grand InterContinental Seoul Parnas. “The on-site visit o
Sept. 24, 2015
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Korea blasts Japan over steel pricing
Korea has urged Japan to take action on the growing dumping of structural steel beams from the country, seeking to “settle the issue peacefully,” officials said Thursday.The issue was discussed at the 16th Korea-Japan Consultative Meeting on Steel Products held in Seoul.The Industry Ministry expressed its concerns over alleged unfair pricing of imported steel from Japan to its Japanese counterpart, they said.“The conference served as an opportunity for the two countries to have a candid discussi
Sept. 24, 2015
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Hanwha to hold fireworks festival early next month
Hanwha Group will host the 13th Seoul International Fireworks Festival at the Hangang River Park in Yeouido, Seoul, on Oct. 3. The festival, hosted jointly by broadcast station SBS and sponsored by Seoul City and the Korea Creative Content Agency, is one of Hanwha Group’s major social philanthropy activities. Fireworks teams from the United States, the Philippines and Korea will attend and set off over 100,000 fireworks in the night sky.There will also be firework barges installed between Mapo B
Sept. 24, 2015
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LX shows off future of territory data services
The Korea Land and Geospatial InformatiX Corp., or LX, attended the Smart Geospacial Expo 2015 held at The K-Hotel in Yangjae-dong, southern Seoul, from Sept. 15 to 17, officials said.LX ran a “Korea Land and Geospatial InformatiX Corporation Content Promotion Hall” at the expo and displayed the progression of Korea’s changing landscape over the past 40 years through satellite images, and a hypothetical plan on land distribution in case of reunification.Other contents included technology that di
Sept. 24, 2015
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[Herald Interview] The Body Shop looks to bolster skin care lineup
The Body Shop Korea general manager Oh Mi-Kyung (The Body Shop Korea)U.K.-based natural cosmetics firm The Body Shop is looking to bolster its skin care product lineup, which is expected to help the body care-focused company expand its presence in South Korea’s highly developed cosmetics market. “The Body Shop’s latest strategic focus is skin care, which has been seeing higher than expected sales, as shown through the popularity of our iconic products like the Tea Tree Oil and the Drops of You
Sept. 24, 2015
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Mister Pizza advances into cosmetics business
Mr. Pizza Korea Group on Wednesday said it has acquired 80 percent of cosmetics maker Hangang InterTrade for 22.8 billion won in order to seek business opportunities in the burgeoning cosmetics industry. Hangang InterTrade imports foreign brands Kiss Me, CANMAKE, Rose of Versailles, Green Land, and produces make-up brand Elizabeth through licensing. It also sells K-Palette. The company has marked 16.6 billion won in sales in the first half. The pizzeria operator said it will seek joint market
Sept. 24, 2015
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Danahan launches Youthberry line
Cosmetics brand Danahan launched its skincare line, “Youthberry,” made with flowers of 4-year-old ginseng. The toner, lotion, essence, balm and cream made with the youth flower and its extract Youthberry helps skin remain balanced -- between moisturized and oily -- improves wrinkle-removal as well as whitening. The saponin contained inside red-ginseng also helps revitalization, the company said. The products are made with homegrown ginseng, harvested by Korean Ginseng Corp. farmers. The pric
Sept. 24, 2015
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Lafuma launces Explorer travel jacket
Outdoor fashion brand Lafuma launched Explorer travel jacket, an infused waterproof jacket with a padding vest. The “3-in-1” jacket is made with LXT Hydro Tech textile, which was developed by Lafuma, and can sustain the volatile autumn weather, the company said. The jacket has a pocket for passport, smartphone, credit cards and others. The hood of the jacket can be detached and styled differently according to the way one folds the placket. The Lafuma Explorer travel jacket is priced at 350,
Sept. 24, 2015
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Lotteria to open in Laos
Fast-food restaurant Lotteria signed a franchising pact with Lao company, Soxay Chaleun Group, to make inroads in ASEAN countries. The company aims to open 20 outlets in Laos, starting with the first one in early next year. “Laos is a country with 7.7 percent-growth rate but there aren’t many global dining brands there, which makes the future bright,” a Lotteria spokesman said. Lotteria already has 212 outlets in Vietnam, 34 in Indonesia, 18 in China, eight in Myanmar, three in Cambodia and tw
Sept. 24, 2015
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Iittala opens cafe in DDP
The Finnish lifestyle brand Iittala opened a café inside the Dongdaemun Design Plaza in central Seoul, where people can enjoy the brand’s beverages and deserts. Beverages served include Americano served in Teeam cup to latte in Teema mug. People can also enjoy browsing tableware, fabrics and interior goods at the café. Those who return the beverage receipts will be given souvenirs. By Bae Ji-sook (baejisook@heraldcorp.com)
Sept. 24, 2015
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Coex to give discounts for cosmetics, fashion brands
The Coex Mall in Samseong-dong, southern Seoul, will give up to 30,000 won discount for cosmetics and fashion goods purchased at the shopping mall. Brands that are participating in the “Fall in Beauty” event through Sept. 30 are Natural & Organic, Nature Republic, The Face Shop, Duft & Doft, Laneige, Lush, Diptyque, Loccitane, Molton Brown, Burberry Beauty Box, Beyond, Skin Garden, Banilla & Co. Aritaum, Skin Food, It’s Skin, Etude House, Tony Moly, Kiehls and VDL. The coupons are downloadable
Sept. 24, 2015
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Burberry sells cosmetics via Kakao
British fashion brand Burberry has joined forces with Korea’s leading IT platform company Kakao to introduce its latest 2016 Spring-Summer Ready-to-Wear collection. The users will be also able to participate in various promotions through KakaoTalk, watch the latest fashion show through Kakao TV and even purchase cosmetics goods featured at the show (and send it to a friend) through the KakaoTalk gift service. Burberry has previously collaborated with Apple Music, Naver LINE and Snapchat. By
Sept. 24, 2015
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S. Korea, China, Japan hold three-way free trade talks
South Korea, China and Japan Thursday began their eighth round of talks in Beijing to forge a three-way free trade deal, the latest negotiations that so far have produced little progress. Since launching the talks in late 2012, the three nations have made little headway toward a deal that, if successful, would create one of the world's biggest economic blocs with a combined gross domestic product of $15 trillion. The chief trade negotiators -- South Korean Deputy Trade Minister Kim Hak-do, an
Sept. 24, 2015
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Diesel car ratio hits all-time high in S. Korea
The proportion of diesel-engine cars among newly registered vehicles in South Korea hit an all-time high during the first half of this year, pointing to their strong popularity among fuel efficiency-conscious consumers, industry data showed Thursday. The strong presence of diesel cars over gasoline-engine vehicles, however, could weaken as controversy is deepening over Volkswagen's cheating on diesel engine emission tests in the United States, some observers said. According to industry data, d
Sept. 24, 2015
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Fast-growing German carmakers face setbacks in Korea
German carmakers have enjoyed ample success in South Korea over the past decade but are now beset by scandals that could hurt their reputation and sales. With BMW facing a massive recall order and Mercedes-Benz struggling to quell controversy over its aftersales service, Volkswagen’s latest emissions-fixing scandal has brought a new low to the three giants -- who together account for more than half of the local foreign car market.According to the Korea Automobile Importers & Distributors Associa
Sept. 23, 2015