Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[KH Explains] No more 'Michael' at Kakao Games
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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Samsung chief bolsters ties with Germany’s Zeiss
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Med schools expect 1,500+ new admission slots next year
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Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
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KT launches new mobile plans for foreign residents
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Operating profit of listed firms forecast to jump 16% in 2016
South Korea's listed companies are expected to see their 2016 operating profit increase more than 16 percent in 2016 on the back of improving external conditions, a market tracker said Sunday. The combined operating profit of 236 major companies trading on the country's main and secondary stock markets is projected to reach 135.1 trillion won ($117 billion) next year, up 16.1 percent from this year's estimate, according to FnGuide, which provides financial information. Their total sales are li
Nov. 22, 2015
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Biz world lauds late President Kim's economic reform efforts
South Korea's business communities mourned the death of former President Kim Young-sam on Sunday, vowing to continue what they called his legacy of economic reforms that they said helped eradicate corruption. "Former President Kim greatly contributed to the country's fight against corruption, as well as its move toward a more transparent society, by introducing the real-name financial transaction system and the asset disclosure system for public officials," the Federation of Korean Industries
Nov. 22, 2015
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New wave of layoffs to hit Korean financial sector
South Korea's financial industry is likely to undergo a fresh wave of layoffs down the road as companies are poised to restructure operations and adopt a new wage system, industry sources said Sunday. Standard Chartered Korea has announced a massive voluntary retirement program, with local banks and non-bank financial institutions set to cut jobs following their massive layoffs over the two years. In 2013 and 2014, financial companies in Asia's fourth-largest economy eliminated a combined 8,40
Nov. 22, 2015
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Korea's beer imports surge to new annual high
South Korea's beer imports have climbed to a new annual high in just the first 10 months of the year, data showed Sunday, due to what market observers here called growing consumer exposure to foreign delicacies amid a continued surge in the number of people going abroad. In the January-October period, the country imported some $118 million worth of beer, already surpassing the annual total of 2014, when beer imports surged to a record high of $112 million, according to the data from the Korea I
Nov. 22, 2015
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Hyundai, Kia top Chile's list of best-selling cars in Oct.
South Korean auto giant Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. became the two best-sellers in Chile last month, surpassing their long U.S. rival Chevrolet, data showed Sunday. According to the data from Chile's auto association ANAC, Hyundai Motor sold 2,353 vehicles in October to top the list of best-selling brands in Chile, closely followed by Kia with 2,306 cars. It marked the first time both the South Korean automakers outperformed Chevrolet in monthly sales in the Ch
Nov. 22, 2015
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[Weekender] Packaged kimchi becoming smaller, diverse and healthier
Throughout history, kimchi has held a defining presence in South Korea’s culinary scene. The beloved spicy, fermented vegetable dish is eaten with almost every meal and the culture of communal kimchi-making has stood as an emblem of traditional culture. Amid demographic shifts, a growing number of Koreans are choosing to purchase ready-to-eat kimchi, as they shy away from what can be a cumbersome task of making it from scratch and storing it. As the domestic packaged kimchi segment has evolved t
Nov. 20, 2015
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Hanwha Q Cells posts record-high quarterly earnings
Hanwha Q Cells, the solar power business unit of Hanwha Group, posted record-high earnings in the third quarter on the back of successful business conditions and drops in manufacturing costs, the company announced Friday. The leading photovoltaic solar module manufacturer posted $427.2 million in net revenue and an operating profit of $40.3 million in the July-September period, marking significant improvements from its second-quarter performance.(Hanwha Q Cells) While the firm’s net revenue grew
Nov. 20, 2015
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Department stores evolve into food craze epicenters
On Saturday morning office worker Kim Hye-sun rushed to Hyundai Department Store in Pangyo, Gyeonggi Province, to buy red velvet cupcakes and banana pudding from the recently opened Magnolia Bakery located in a food court inside the premises. People line up at Magnolia Bakery at Hyundai Department Store in Pangyo, Gyeonggi Province. (Hyundai Department Store)Waiting half an hour in a long line at the New York-based dessert shop known for its cameo on U.S. TV show “Sex and the City” didn’t bother
Nov. 19, 2015
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[Newsmaker] Hyundai to commemorate 100th anniversary of founder
Hyundai Motor Group and other Hyundai family companies kicked off a weeklong commemoration of the 100th birth anniversary of its founder Chung Ju-yung at the Seoul Arts Center on Wednesday night, with a performance of the world-famous orchestra Staatskapelle Dresden on Beethoven’s second and third symphonies, better known in Korea as “Hero Symphonies.” The family members of the Hyundai empire, who attended the first memorial event, included Hyundai Heavy Industries owner Chung Mong-joon, the six
Nov. 19, 2015
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Johnson & Johnson accepts W1.86b fine for fair trade violations
The Korean subsidiary of U.S.-based health care giant Johnson & Johnson will pay fines of 1.86 billion won ($1.6 million) for violating local fair trade regulations in selling its popular Acuvue soft contact lenses in the domestic market, company officials said Thursday. The Supreme Court on Tuesday ruled in favor of the Fair Trade Commission, concluding a dispute that began when J&J Korea filed a lawsuit to nullify the antitrust watchdog’s claims that it took part in unfair business practices a
Nov. 19, 2015
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Snack-makers seek to regain consumer trust
Last year, a group of South Korean college students got the media spotlight for completing a 1.3-kilometer journey across the Hangang River on a self-built raft, attracting more than 200 spectators. What was so special about this raft? It was built by tying together 160 unopened bags of potato chips, to protest against snack-makers that made consumers feel as if they “bought nitrogen gas packets that came with a couple of free snacks,” as one of the paddlers put it at the time.A group of Korean
Nov. 19, 2015
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Top court approves limit on giant retailer's operating hours
The nation's top court on Thursday ruled in favor of municipalities restricting operating hours of giant retailers.The Supreme Court returned to a lower court for reconsideration of a ruling that was in favor of the six plaintiffs, including E-Mart, Homeplus and Lotte Mart, seeking nullification of district offices' order to cut their operating hours. It said the regulation is legitimate and is necessary to protect public interests. Under the regulation, big-box discount chains including so-cal
Nov. 19, 2015
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Nivea holds tin can cream photo engraving events
Nivea, a brand established under German skin care giant Beiersdorf, is holding an event to put personal photos into the caps of its tin-stored creams through mid-January of next year as part of its brand marketing campaign. The event, taking place at select E-Mart branches and drugstores on set dates, has seen more than 100 daily participants and delivered 1,000 personalized Nivea tin creams to consumers since kicking off in October, according to the firm. Nivea’s branding event will take place
Nov. 19, 2015
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Uniqlo launches Star Wars collaboration products
Uniqlo will launch a new Star Wars clothing lineup featuring characters from the beloved classic film series next Monday to celebrate the release of “Star Wars: The Force Awakens.” Fashion items for both men and women -- including hoodies, Heattech wear, sweatshirts, umbrellas and tote bags -- will be printed with Star Wars characters including Darth Vader and Stormtroopers as part of the collaboration. Starting Nov. 27, the Japanese apparel maker will hand out tickets to the new Star Wars film
Nov. 19, 2015
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Bershka to transform store design
Bershka, a clothing brand established under Spain’s Inditex, the owner of brands Zara and Massimo Dutti, has unveiled a new design concept for its stores dubbed the “Stage.” It will also open a new store in Hongdae under the new design scheme. Inspired by music, concerts and the backstage culture, the brand’s “Stage” interior was designed to reaffirm the brand’s position as a leader of the latest trends in fashion and music as well as top-notch technologies. The new design concept is high-tech a
Nov. 19, 2015
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Innisfree introduces Christmas products
Innisfree, a skin care brand owned by South Korea’s cosmetics giant AmorePacific, is introducing limited-edition versions of 13 of its products as well as selling candles and diffusers in celebration of the Christmas season. The brand’s flagship Green Tea Seed Cream, Eco Nail Polish collection, perfumed hand creams, ampule-intense cushion and tinted lip balm, among others, are available in Christmas-inspired packaging. The special candles and diffusers are available in three scents -- Sweet Holi
Nov. 19, 2015
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Kolon unveils new aviator jackets
Kolon FnC, the fashion unit of South Korea’s materials manufacturer Kolon Industries, has rolled out a new bomber jacket dubbed “the bomber parka” under its men’s casual fashion brand Series. Inspired by classic aviator jackets, Kolon’s new bomber jacket is filled with goose down, offering extra warmth and comfort for those seeking outdoor activities in cold weather. The stylish waist-length jacket is fitted with a hood for a more casual look, is available in two colors -- camouflage and khaki
Nov. 19, 2015
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Columbia releases new aviator jacket
Global outdoor clothing brand Columbia has released a new bomber jacket, dubbed the Cloudcap Cove Down Jacket, in line with the growing popularity of aviator or pilot jackets. Inspired by winter jackets worn by pilots and navy sailors that are shorter in length, the bomber jacket allows for easier movement of the upper body. Columbia’s new aviator jacket is also padded with faux fur, increasing warmth and offering heightened protection against strong winds in the winter. The jacket was styled t
Nov. 19, 2015
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Philips Korea introduces new hair curler
Philips Korea, the local branch of leading Dutch health care company Philips, has launched a new automatic hair curling iron in South Korea. Philips ProCare Auto Curler HPS940 heats up in less than 30 seconds and automatically rolls, heats and curls hair. Users can select from three heat settings -- 170, 190 and 210 degrees Celsius -- and three time settings -- 8, 10 and 12 seconds -- depending on the desired curling effect. The device also comes with a “professional brushless motor” that enable
Nov. 19, 2015
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China narrows gap with Korea in global TV market
China expanded its share in the global TV market in the third quarter, narrowing the gap with No. 1 South Korea, industry data showed Thursday.Beijing took up 27.2 percent of the global TV market in the July-September period, up 2.3 percentage points from a quarter earlier, the data compiled by industry tracker IHS showed.In contrast, South Korea held 31.7 percent of the market, down 2.7 percentage points.Japan, meanwhile, followed with 14.9 percent, trailed by the United States with 4 percent a
Nov. 19, 2015