Most Popular
-
1
Contentious grain bill put directly to plenary meeting for vote
-
2
Yoon's approval rating plunges to all-time low
-
3
Will tug-of-war between doctors, government end soon?
-
4
Climate impacts set to cut 2050 global GDP by nearly a fifth
-
5
Trilateral talks acknowledge ‘serious’ slumps of won, yen
-
6
[Graphic News] More Koreans say they plan long-distance trips this year
-
7
[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
-
8
North Korea removes streetlights along cross-border roads with South
-
9
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
10
Farming households dip below 1m for first time in 2023
-
[Photo news] Bye-bye bulbs
BYE-BYE BULBS -- Philips Korea runs its “Goodbye Light Bulb” campaign during the Namsan Million-Person Walking Festival on Sunday, in which they asked citizens to bring in expired light bulbs and exchanged them for new LED lamps, which have higher energy efficiency. Korea stopped producing and selling incandescent light bulbs in 2014. Philips Korea
Sept. 20, 2015
-
Kumho Tire labor union holds off strike to elect new leadership
Unionized workers at Kumho Tire Co., South Korea's second-biggest tire maker, said Sunday it has suspended a strike so that it can elect a new union leader, getting ready to return to the workplace after more than a month. Unionized workers began an all-out strike on Aug. 17 after failing to agree with the management on adopting a wage peak system that would allow them to extend their retirement age in exchange for a capped salary. As the walkout prolonged for weeks, the company shut down produc
Sept. 20, 2015
-
[Weekender] Korea on the go
Diverse factors are considered when people choose a home. Not just house prices but also schools, hospitals and big supermarkets near the neighborhood. And then, there is another crucial factor in Korea -- a McDonald’s outlet. Workers sort out parcels at a warehouse in Osan, Gyeonggi Province, Friday, ahead of Chuseok next week. YonhapThe U.S. hamburger chain started a home delivery service here in 2007 -- when McDelivery was still in its infancy worldwide. Currently, some 320 out of its almost
Sept. 18, 2015
-
[Weekender] Korean delivery industry goes wide and deep
Thanks to the unique “Ppalli Ppalli (hurry, hurry)” culture and one of the best logistics networks in the world, Korea’s delivery industry is thriving, with its range widening and services getting even more specific. From garments and books to groceries and even breast milk, nearly everything can be delivered for a bargain, and the time has reduced to nearly the blink of an eye, offering real-time services. Anything you wantThe most iconic item in the delivery market is food. Whether you call fo
Sept. 18, 2015
-
[Weekender] Korea dreams of drone delivery
Drones are widely expected to become a game-changer in the future delivery market. Tech firms like Amazon, Google and Alibaba have announced their intentions to use drones for delivery in recent years, and are working on pilot programs. German logistics giant DHL was the first to start a regular drone delivery service, under the project name Parcelcopter 2.0, operating since September last year. Even though drones are all the rage globally, Korea -- the second nation to develop its own unmanned
Sept. 18, 2015
-
[Weekender] Mobile apps courting hungry Koreans
People in Korea have long enjoyed convenient food delivery services, ordering in almost all types of food from burgers and fried chicken to jajangmyeon (black bean noodles) and pig’s trotters. Combined with mobile technology, the food delivery services are gaining further traction as more start-ups come up with applications catering to the different tastes of customers and attracting investments.Baedal Minjok, the largest food delivery app here with its monthly users standing at 2.7 million in J
Sept. 18, 2015
-
[Weekender] Seniors, female couriers add diversity to delivery culture
A young man hitting the road on a high-speed motorcycle is the typical image of delivery drivers here, but recently Korean consumers’ growing demands for safer services has been changing the scene. Park Jae-yeol, 69, delivers some 180 packages spread over three days each week to his apartment neighbors in Eungam-dong, Seoul, using an electric handcart. He is one of some 470 senior deliverymen, aged over 60, working for the country’s largest logistics firm CJ Korea Express.“For the firm, the ‘Si
Sept. 18, 2015
-
Hanmi shares soar on sales expectations of new drug
Shares of Hanmi Pharmaceutical, a leading South Korean pharma company, surged by more than 11 percent Friday following news that the company has moved a step closer to globally commercializing a lung cancer treatment drug that is under development. Hanmi is looking to carry out the Phase II clinical trials of its third-generation lung cancer treatment drug HM61713 -- sold in July to Germany’s Boehringer Ingelheim for around $730 million in the biggest local drug license agreement to date -- in
Sept. 18, 2015
-
Lotte revs up global hotel chain business
Lotte Group is speeding up its global hotel business expansion to compete with the world’s top-tier hotel chains like Hilton and InterContinental . Lotte Hotels & Resorts said it aims to take over or build 33 hotels by 2018, and ultimately 50 hotels by 2020, with the latest being Lotte New York Palace in Manhattan. The group currently operates 11 hotels in Korea and six abroad. The new five-star luxury hotel, previously named The New York Palace Hotel, was acquired for $805 million from U.S. rea
Sept. 18, 2015
-
Pantech to cut half of workforce amid normalization efforts
South Korea's No. 3 handset maker Pantech Co., which has been struggling to normalize operations, said Friday it plans to cut nearly half of its employees. Under the plan, around 400 staff will leave the company on Oct.23, the company said. Pantech has been on the verge of bankruptcy after it sought to give up court protection from its creditors in May. But a South Korean consortium led by optical manufacturer Optis and telecom device firm Solid won approval from a local court to acquire P
Sept. 18, 2015
-
KAI inks $110m deal to deliver trainer jets to Thai gov't
South Korea's sole aircraft manufacturer, Korea Aerospace Industries Ltd., said Thursday that it signed a deal to export trainer jets to the Thai government for around $110 million. The deal inked in Seoul between leaders of the two sides called for KAI to deliver four units of the T-50TH to the Thai government within 30 months of the contract, the company said in an emailed press release. The T-50TH will likely replace the outdated L-39 model that the Thai air force has been using for train
Sept. 17, 2015
-
Hyundai's carmaking secrets allegedly leaked to Chinese firm
Prosecutors said Thursday they have indicted 10 people on charges of leaking component blueprints of Hyundai Motor Co., the country's top carmaker, for the development of a Chinese automobile.The Seoul Central District Prosecutor's Office said a 30-year-old man, identified only by his surname Cho, is suspected of siphoning 71 component designs of Hyundai's car bumpers from its business partner, known by its initial D, while working there. Cho was on dispatched duty from another company to pa
Sept. 17, 2015
-
Yuhan-Kimberly seeks new markets with ‘glocalization’ strategy
When competing global baby product companies made inroads into Korea, Yuhan-Kimberly outsmarted them with the so-called “glocalized” business strategy, whereby it adapted its international products around the peculiarities of the local culture.“Korean consumers are very picky and fussy about products. By meeting their requirements and feedback, we were able to produce high-quality diapers which now satisfy consumers from other countries,” Yuhan-Kimberly president and CEO Choe Kyoo-bok said in an
Sept. 17, 2015
-
Will Mercedes mangling video lead to refund law revision?
The Korean government and politicians are moving to revise the law on car management so that consumers can get a full refund or an exchange when their new cars are defective.The moves came after a video of a man smashing up his $200,000 Mercedes-Benz car went viral online last week. The video shows the man hammering his S-class sedan with a golf club in front of the Gwangju branch of Shin Sung Motors, the German luxury carmaker’s local dealership. A captured image from a video of Yoo smashing hi
Sept. 17, 2015
-
WWF publishes report on marine wildlife
The World Wide Fund for Nature, a leading global conservation organization, has published the Living Blue Planet Report on the state of marine wildlife, its Korean office said Wednesday.According to the report, the population of marine wildlife has decreased by half in the past 40 years, with some declining by nearly 75 percent.Additionally, fish populations critical for human security were on the decline and coral reefs may completely disappear by 2050 due to climate change.The report tracked 5
Sept. 17, 2015
-
Ottogi launches camping foods
Ottogi has launched a full range of processed food and sauces for campers.“At this time of the year we see a sales increase of processed foods by around 30 percent as people enjoy outdoor activities, especially camping,” an Ottogi spokesman said. The Ottogi Original Barbecue Sauce is infused with herbs and red wine, a match for pork belly, steak or chicken wings. The Ottogi Barbecue Hot Sauce grabs the flavor of charcoal and even spicier red pepper.For those who prefer to have non-barbecue menu
Sept. 17, 2015
-
Lolita Lempicka launches L’eau en Blanc
French perfumery brand Lolita Lempicka has launched a limited-edition fragrance called L’eau en Blanc. Under the concept of “the immortal love between lovers,” the perfume represents the pure and untarnished image of a flower bouquet, said AmorePacific, the maker of the perfume. Its top note starts with violet and iris, then goes down to the middle note’s white violet and raspberries. The base note finishes with a powdery ambience with musk and heliotropium. (baejisook@heraldcorp.com)
Sept. 17, 2015
-
Pringles releases Sweet Mayo Cheese flavor
Potato snack brand Pringles has released its “Sweet Mayo Cheese” flavor, inspired from the Belgian tradition of eating potatoes with mayonnaise. The product has already received acclaimed in Japan. “We have managed to capture the velvety softness of the cheese and the sweet aroma of mayonnaise infused on the crispy chips,” the company stated. “While honey and butter-pasted chips are popular in Korea, this will open a new trend of soft and sweet crisps,” it added. A package of 110-gram Pringles S
Sept. 17, 2015
-
Lotteria adds onion ring in chicken burger
Lotteria upgraded its best-selling chicken burger by adding onion rings. “The fried onion makes the burger voluptuous while adding crunchiness to the burger. The main concept was to add the dessert factor to the burger meal,” the company said. While the chicken burger has become bigger, the price is going down. The single chicken burger is priced at 2,900 won ($2.50) and the combo with french fries and pop is priced at 5,100 won. The company will offer Lipton sparkling ice tea for free until Sep
Sept. 17, 2015
-
Korea Ginseng Corp. offers Chuseok sets
Korea Ginseng Corp. has launched three holiday hamper sets, targeting gift swappers during the Chuseok holiday that falls from Sept. 26-29. The packages are the “Hyeondam Set” consisting of red ginseng extract Every Time and Red Ginseng Tablet and the “Damyul Set” consisting of red ginseng extract as well as red ginseng tablets. The “Jongyeong (respect)” Set consists of mild red ginseng extract and chewable multivitamins. The items are priced from 56,000 won ($48). (baejisook@heraldcorp.com)
Sept. 17, 2015