Most Popular
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Medical profs at top hospitals suspend surgeries, clinics
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Samsung chip business back on track, logs W1.9tr operating profit in Q1
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Shinsegae faces showdown with investors over SSG.com's delayed IPO
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Exports to US reach all-time high, widen gap with China
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Hopes rise for possible Gaza truce deal
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Ex-pro baseball player who killed debtor appeals sentence
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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S. Korea to issue travel ban on Haiti amid intensifying gang violence
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Leaders of S. Korea, Angola agree to boost economic, trade cooperation
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E-Mart opens first outlet in Vietnam
E-Mart said Monday it has opened its first outlet in Vietnam, with aims to expand its presence across the Southeast Asian region in the years to come. The discount store chain operated by Korea’s retail giant Shinsegae will be competing with Lotte Mart, which has been operating 11 stores in Vietnam since 2011.E-Mart’s new store located in the Go Vap District in Ho Chin Minh City, Vietnam. (E-Mart) The new E-Mart store -- two stories tall and about 30,000 square meters wide -- is located in the
Dec. 28, 2015
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Aeroflot Russian Airlines boasts service excellence
Aeroflot Russian Airlines, one of the largest and oldest airline companies in Europe, takes pride in offering customers top quality services, safety and convenience in the air.As Russia’s flagship carrier, Aeroflot currently operates one of the newest aircraft lineups in the world -- 167 Airbus, Boeing and Sukhoi airliners -- to boost aviation safety and performance punctuality.A member of the SkyTeam global airline alliance since 2006, Aeroflot and its partners serve 1,057 destinations in 179 c
Dec. 28, 2015
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Doosan Heavy wins 1.1 tln won order in India
Doosan Heavy Industries & Construction Co., South Korea's top power equipment maker, said Monday it has won a 1.1-trillion won ($939 million) deal to build a power plant in India.Under the deal with NTPC Ltd., India's state-run energy service company, Doosan's India-based arm, Doosan Power Systems India Pvt., will build a new 4,000 megawatt power plant in Andhra Pradesh, eastern India.Doosan said it will be in charge of the engineering, procurement and construction of the project that will run t
Dec. 28, 2015
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Hanwha Galleria partially opens duty-free store
Hanwha Galleria, a retail unit of the South Korean conglomerate Hanwha Group, on Monday started partial operations of its new duty-free store at 63 City Building in downtown Seoul.Hanwha Galleria said its new duty free shop, located in Yeouido, will showcase around 370 brands, with nearly half of them being Korean brands. The company said it is currently making efforts to host more foreign luxury brands as well.The official opening of the duty free shop will be held in June.The shop is located i
Dec. 28, 2015
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[Photo News] SK chairman partakes in year-end charity efforts
YEAR-END CHARITY — SK Group chairman Chey Tae-won and group executives deliver meal boxes to underprivileged children in Icheon, Gyeonggi Province, Friday. (SK Group)
Dec. 27, 2015
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Oil price fall spells uncertainty for Korean refiners
Korean refiners -- among the major beneficiaries of a prolonged drop in oil prices this year -- are facing an uncertain profit outlook as the recent price decline is expected to have driven up their inventory-based losses. The country’s major oil refiners are forecast to see their net operating profits exceed 5 trillion won ($4.4 billion) this year, thanks to high refining margins linked to low crude import prices and heightened global demand for oil products. At the same time, industry watchers
Dec. 27, 2015
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Intra-Samsung M&A strengthened group's cross-shareholding ties: FTC
South Korea's antitrust watchdog Sunday said the intra-group merger and acquisition deal by Samsung affiliates strengthened banned cross-shareholding ties within the conglomerate that need to be resolved. According to the Fair Trade Commission, the merger between Cheil Industries Inc. and Samsung C&T Corp. on Sept. 1 reduced the overall number of cross-investment arrangements between affiliates of South Korea's No. 1 business group from 10 to seven. It, however, said some cross-investment ties
Dec. 27, 2015
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Hyundai, Kia's cumulative sales to reach 100 mln next year
South Korea's Hyundai Motor Co. and its sister Kia Motors Corp. are likely to see their combined sales reach 100 million units next year for the first time in 54 years, industry data showed Sunday. As of November the two flagship companies of the Hyundai Motor Group have sold a total of 90.71 million units worldwide since 1962, when Kia started commercial sales in South Korea, according to the data. Hyundai's cumulative sales reached 62.38 million since 1968, while Kia sold 34.73 million cars
Dec. 27, 2015
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Shilla, HDC open duty free store
Kim Jae-shik (third from left), president of Hyundai Development, Lee Gil-han (fourth from left) and Yang Chang-hoon (fifth from left), coheads of HDC Shilla Duty Free, and Hotel Shilla CEO Han In-kyu (fourth from right) attend the opening of Shilla HDC Duty Free in Yonsang I’Park Mall in Seoul on Thursday. HDC Shilla Duty FreeShilla I’Park Duty Free, an urban duty-free store at I’Park mall in Yongsan, central Seoul, opened on Thursday.In the first stage, only 60 percent of the total 30,400 squ
Dec. 25, 2015
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Common Ground holds year-end promotional events
Common Ground, a shopping complex established by South Korea’s Kolon Industries in eastern Seoul, is holding a range of year-end promotional events until Jan. 3 of next year. A photography exhibit dubbed “2015 Un Common Scene,” featuring special moments within daily life captured by the public, will take place on Dec. 26 at the mall. A “time market” featuring items from the past will take place in the main courtyard of the mall while bands will offer performances on the third floor of the stree
Dec. 24, 2015
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Yamaha launches new desktop audio system
Yamaha Music Korea has launched the Restio ISX-80, a home audio set compatible with Yamaha’s new MusicCast streaming service system. The compact 30.2-centimeter square-shaped device supports wireless playback from a smartphone or tablet via Wi-Fi using through a MusicCast controller. The Restio ISX-80 can be placed on a shelf or wall-mounted according to preference. Available in white, black and purple, the device is priced at 698,000 won ($595). For more product information, call (02) 3467-3300
Dec. 24, 2015
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Paris Baguette opens Big Bang cafe in Shanghai
Paris Baguette, operated by South Korean food giant SPC Group, has joined hands with YG Entertainment to launch a Big Bang-inspired bakery cafe in Shanghai. The second floor of the brand’s Nanfangshangcheng shop in Shanghai has been decorated under the theme of “Bigbang x Krunk,” featuring K-pop idol group Big Bang members animated in the style of YG’s flagship character Krunk. Paris Baguette’s signature cafe menu including its mini-cakes, pudding, milkshakes and coffee varieties have also been
Dec. 24, 2015
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Nike’s Air Huarache Ultra rolls out in Korea
Nike Sportswear will launch the Nike Air Huarache Ultra, combining elements of the 1991 iconic Huarache with a modern touch and Nike’s technology for extra comfort, in Korea on Saturday. The shoe is designed to focus on comfort, flexibility, fit and ease of entry, as a lighter shoe that “hugs” the foot, according to the company. It is priced around 130,000 won ($110). “We wanted to reimagine the Huarache in a fresh and modern way for the way our female consumer maneuvers today,” said Nike footwe
Dec. 24, 2015
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Aritaum opens flagship store in Gangnam
South Korean cosmetic store franchise Aritaum has opened a new flagship store in the heart of Gangnam, near Gangnam Station in southern Seoul. As the biggest Aritaum branch in the country, the new store stands at 450 square meters. Under a “shop-in-shop” concept, three leading AmorePacific brands Iope, Laneige and Mamonde are housed inside the store. Iope’s Bio-lab offers a skin checkup program while the Laneige Beauty Mirror space offers premium makeup services. Mamonde offers customers a chanc
Dec. 24, 2015
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LG Household introduces Veilment fragrance brand
LG Household and Healthcare has launched a new fragrance, Veilment, named by combining “veil” with “moment” to suggest it can recreate past memories through scent. Veilment’s scents, available in 10 types, have been made under four general concepts — “Exotic Asia,” “Fresh,” “Sweet” and “Sensual.” Ten types of candles, 10 types of diffusers, three types of body care products and one type of hand cream have been launched under the Veilment brand, according to LG. Prices range from 45,000 won ($40
Dec. 24, 2015
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VIPS launches winter menu
CJ Foodville’s flagship steakhouse VIPS has launched a seasonal menu in celebration of the winter holidays. Under a “red and white” theme, the new dishes are cooked with ingredients like lobster, cranberries, wine and a number of cheeses. The sampler menu has been upgraded to include a heightened variety of steak and seafood. A melted cheese fondue will come with any sampler menu order. Seasonal desserts including a red velvet cake with snow sprinkles, cocoa snow banana cake and Christmas Santa
Dec. 24, 2015
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Buzz grows around urban beehives
Amid the well-being trend and the rise of conscious consumerism, urban apiaries have started mushrooming in Korea as people seek different and eco-friendly ways of spending. Instead of buying branded honey which is rich in sugar ― business insiders secretly admit that some bees are fed sugar for cost efficiency ― Koreans have started installing beehives on rooftops to attract wandering bees in the bustling city center and give them some honey.Park Jin, head of Urban Bees Seoul, and Fraser Dohert
Dec. 24, 2015
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[Newsmaker] Hyundai Motor, union set to end wage dispute
After marathon 11-hour negotiations representatives of labor and the management of Hyundai Motor reached a tentative deal on wages Wednesday, ending months of internal conflicts that wobbled the nation’s largest automaker already facing lower-than-expected sales this year. Hyundai Motor president Yoon Gap-han (right) and labor union leader Park Yoo-ki leave after reaching a tentative agreement on wage and other labor issues in Ulsan, Thursday. (Yonhap)The two sides agreed to raise 85,000 won in
Dec. 24, 2015
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Korea to probe VW fuel efficiency
An analysis of test data suggests that the defeat device to manipulate emission levels could have an impact on the fuel efficiency of Volkswagen’s diesel vehicles sold in Korea, the government said Thursday.(AP-Yonhap)While the data provided by the Environment Ministry and the Transport Ministry shows a high likelihood, more driving tests need to be conducted to conclusively prove it, an official told Yonhap news agency.“We have concluded that there is a correlation,” the official was quoted as
Dec. 24, 2015
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Korea resumes kimchi export to China
Korea has resumed exporting kimchi to mainland China after five years, South Korea’s Agriculture Ministry said Thursday. The first 890-kilogram batch of “Jongga” kimchi, a kimchi brand of Daesang FNF, left Korean waters on Dec. 6 and passed the Chinese customs on Dec. 18, according to the Ministry of Agriculture, Food and Rural Affairs. Upon obtaining the sanitary certificate, the Korean-made kimchi is now on sale at eight branches of Lotte Mart in China. The Korean-made kimchi is packaged in sm
Dec. 24, 2015