Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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Hyundai Heavy to focus on highly efficient solar cell production
As part of its hard-driven restructuring project, Hyundai Heavy Industries announced Friday that it will concentrate on the solar power business, increasing the production of high-efficiency solar cells starting next year. The company said that it will change all solar cell products to passivated emitter with rear locally diffused, or PERL, from the current two tracks of producing both PERL and general type cells. The PERL cells are known to generate 5 percent more power than the general type ce
Oct. 2, 2015
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SK-led petrochemical plant in Singapore may face bankruptcy
An SK Innovation led-petrochemical complex in Singapore has gone into creditor receivership after struggling with debt problems, it was confirmed Friday.This is a step before bankruptcy. But should the project fail to achieve profitability, it could face a court order to shut down, industry insiders said.According to SK and news reports, restructuring specialist Borrelli Walsh has been appointed as a receiver and manager overlooking the possible bankruptcy of Jurong Aromatic Corp. in Singapore.
Oct. 2, 2015
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Hyundai, Kia ordered to pay $28.9 mln for patent infringement in U.S.
Hyundai Motor Co. and its affiliate Kia Motors Corp. have been ordered by a U.S. federal jury to pay $28.9 million for the infringement of patents related to hybrid engines, company officials said Friday. The jury in a Baltimore court rejected the argument by the two South Korean auto giants that the patents owned by Paice are not valid and concluded that the infringement was "intentional." The suit filed by the Baltimore-based company in 2012 focused on the possible infringement of the patent
Oct. 2, 2015
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Designer bag brand Kwani goes global
Korean designer bag brand Kwani (www.kwani.kr), which presents over 45 different bags and accessories, has gained popularity overseas without additional marketing. Kwani CEO Son Kyung-wan said she believes the products have been well received due to quality, price and design, as well as positive social media reviews from customers.“Every customer in the world prefers sophistication and comfort. So Kwani has made it a rule of thumb to produce light and sophisticated bags at reasonable prices,” sh
Oct. 2, 2015
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Hyundai, Kia see U.S. sales grow 18 pct in Sept.
Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. saw their combined sales in the United States grow nearly 18 percent in September, helped by strong demand for their recreational vehicle models, industry data showed Friday. The two South Korean auto giants sold a combined 113,835 units in the U.S. last month, up 17.8 percent from a year earlier, the data showed. This outperformed the overall U.S. market growth rate of 15.7 percent in the cited month. Hyundai Motor sold 64,015 cars
Oct. 2, 2015
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S. Korean mobile ad market to top 1 tln won
South Korea's market for mobile advertisements is expected to surpass the 1 trillion won ($849 million) mark this year on the back of the country's high smartphone penetration, data showed Friday. The market size is estimated to reach 1.05 trillion won this year, which will mark a 27.2 percent on-year rise, the Korea Internet & Security Agency said. South Korea's mobile advert market soared 100.3 percent on-year in 2014 to 832.9 billion won. Industry watchers said the robust growth is fueled
Oct. 2, 2015
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Three consortiums apply for Internet bank license
Three consortiums led by information technology firms applied for a preliminary license to launch South Korea's first Internet-only bank, the financial regulator said Thursday.The Financial Services Commission (FSC) said the applicants are Kakao Bank, K-Bank and I-Bank and that it will give approval to one or two operators after a months-long review of their qualifications. The watchdog received applications on Wednesday and Thursday.Led by Kakao Corp., the operator of No. 1 mobile chat applicat
Oct. 1, 2015
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Outdoor apparel-makers shift focus to everyday attire
South Korean outdoor clothing brands are seeking breakthroughs in casual wear in the face of waning demand for their flagship clothing lines like hiking pants and padded jumpers. Korean boy band iKON poses with Nepa’s new clothing line for fall and winter 2015. (Nepa)Faced with a downturn after enjoying staller growth for years, they are scrambling to introduce practical items and easy-to-wear everyday attire to diversify their product lineups. “Outdoor looks more suitable for daily use and athl
Oct. 1, 2015
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Laneige concludes Silk Road tour
Beauty brand Leneige concluded its two-month promotion tour around Asia to show off its BB cushion foundation. The show was held in Bangkok, Kuala Lumpur, Shanghai, Qingdao, Beijing and Xian. Guests were able to use the cushion foundation themselves, enjoy entertainment and participate in various events. “The journey started from Xian, the starting point of the ancient Silk Road, and this is where Laneige is headed to promote global Asian beauty,” the brand spokesman said. By Bae Ji-sook (baejis
Oct. 1, 2015
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Caffe Bene to open 1st franchise outlet in Vietnam
Korean coffee shop brand Caffe Bene opened its first franchise outlet, “Caffe Bene SC Vivocity,” in Ho Chi Minh City. Placed in the bustling shopping mall of SC Vivovity, the 297 1/2-square-meter coffee shop sells Caffe Bene’s best-selling shaved ice desserts alongside bagels for busy shoppers. The company already has two outlets in Vietnam, directly operated by the Korean headquarters. It plans to open 47 more there by 2016. By Bae Ji-sook (baejisook@heraldcorp.com)
Oct. 1, 2015
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Glucks Schwein to hold Oktoberfest
SPC Group’s charcuterie brand Glucks Schwein will hold an “Oktoberfest in Glucks Schwein” event until Oct. 31 to mark one of the world’s largest beer festivals in Germany. During the period, a variety of German dishes, including Schweine Haxen (roasted pork knuckle), sausage barbecue and pork barbecue will be presented alongside German beers -- Kellerbier, dark lager and pilsner. By Bae Ji-sook (baejisook@heraldcorp.com)
Oct. 1, 2015
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KFC offers Smoky Wild Chicken Burger
KFC has launched the Smoky Wild Chicken Burger made with a 100-percent chicken breast patty, cheese and lettuce. This is added with smoky flavor and the original barbecue sauce infused with white cheddar cheese and sweet onion cream. The Smoky Wild Chicken Burger is priced at 3,300 won ($2.80) and the combo meal is 4,900 won. But the company will offer a special set of the regular combo meal with a Petitzel fruit jelly for 3,900 won until Oct. 15. By Bae Ji-sook (baejisook@heraldcorp.com)
Oct. 1, 2015
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Charmzone releases butterfly mask pack
Charmzone launched two varieties of mask packs for eyes. The Nabi (butterfly) lift-up eye mask contains deer antler extract and snail slime extract, which smoothen wrinkles around the eyes. The Nabi tone-up mask contains pearl protein extract and bird’s nest extract that brighten the eye areas. The masks are designed with lace to emphasize the main concept of the butterfly. The hydrogel, which melts when met with body warmth, delivers the substances more effectively, the company said. By Bae Ji-
Oct. 1, 2015
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HanSkin launches bee venom serum
Cosmetics brand HanSkin released its Royal Golden Bee Venom Bio Ample, which contains a small amount of bee venom that could help with skin wrinkles, brighten the skin tone and soothe the skin. The 28 ample set should be used every day for nearly a month to see the abovementioned effects, the company said. Alongside the venom, the ample contains “hydrolyzed collagen,” which brings nutrition to the skin and enhances its elasticity. By Bae Ji-sook (baejisook@heraldcorp.com)
Oct. 1, 2015
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Sulwhasoo Men releases cleansing foam, cream
Sulwhasoo Men, the premium skin care brand for men by AmorePacific, launched its Refreshing Cleansing Foam and Age Defying Cream. The cream made with ginseng seed oil moisturizes the skin and boosts revitalization, the company said. It can be applied after using the already-released Bonyoon Essence and fluids. The cleansing foam contains natural powder substances that function as daily scrub material, removing old tissue and dirt. The Refreshing Cleansing Foam is around 30,000 won ($25.50) and t
Oct. 1, 2015
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Burberry opens flagship store in southern Seoul
Burberry flagship store in Cheongdam-dong, southern Seoul. Burberry KoreaBritish luxury brand Burberry opened its flagship store in Cheongdam-dong, southern Seoul, on Thursday.The building will work as the showroom of not only Burberry products but also its state-of-the-art information technology, and work as the epicenter of the company’s omni-channel marketing -- the integration of brick-and-mortar stores and the digital world. “The building sells the largest Burberry product assortment for me
Oct. 1, 2015
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BAT Korea to launch Rothmans
Rothmans(BAT Korea)British American Tobacco Korea on Thursday said Rothmans, a tobacco brand that celebrates its 125th anniversary this year, will go on sale in Korea from Monday. Rothmans comes in two varieties, Rothmans 5mg and Rothmans 1mg. Rothmans has a new type of recessed filter called “air plus.” Launched in a small kiosk of London in 1890, the brand was granted a royal warrant by King Edward VII in 1905, to be supplied to the British Royal Family. Rothmans was the world’s first tobacc
Oct. 1, 2015
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Shopping support business booms with rising overseas purchase
Lee Soo-yeon, a 38-year-old mother of two children in South Korea, frequently shops on various online websites of U.S.-based brands like Gap and Carter’s as well as e-commerce platform Amazon, eyeing major sales events and special discounts. Around once a month, Lee receives her purchases -- usually foreign-brand baby clothing which are more expensive to buy or entirely unavailable in Korea -- from across the world at her house in Seoul. Exactly what kind of a hassle does Lee have to endure to
Oct. 1, 2015
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Incheon Bridge wins PEA award in mega-sized project segment
Incheon Bridge on Tuesday won an award in the mega-sized construction project category at the Project Excellence Award 2015 held in Panama, the operator of the bridge said Tuesday.Incheon Bridge was named the Premium Gold Winner, beating out GE’s oil and gas project in Italy, Alstom’s power project in Switzerland and Sberbank’s internal control system in Russia and Eastern Europe. This marks the first time for the annual awards to grant the “premium gold” medal, which is regarded to be higher th
Oct. 1, 2015
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Ssangyong Motor's Sept. sales soar 11.1%
Ssangyong Motor Co., the local unit of Indian auto conglomerate Mahindra & Mahindra Ltd., said Thursday that its sales shot up 11.1 percent on-year in September as soaring sales at home helped offset plunging exports. Ssangyong sold 11,489 units last month, the automaker said in a press release. The figures do not include complete knockdown kits that are assembled abroad. Overseas shipments nosedived 35.6 percent to 3,383 units over the cited period. On its home turf, however, its sales surged
Oct. 1, 2015