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Oct 25, 2016 미분류

[DESIGN FORUM] ‘Clothes should be unique but wearable’

[THE INVESTOR] When it comes to fashion, designer Choi Eu-don’s philosophy is one that emphasizes both creativity and practicality.While he believes that his pieces should “contain a different idea, something unique that differentiates them from ready-to-wear collections,” Choi places equal emphasis on how “wearable” an outfit is. Models wear pieces from designer Choi Eu-don’s 2016 fall-winter collection. 2016 Herald Design Forum“After all, fashion design is for clothes, and clothes become signi

OB to raise beer price after 4 years

[THE INVESTOR] Oriental Brewery said on Oct. 28 that it will raise beer prices by an average of 6 percent, starting November. It is the first time for the South Korea’s largest brewer to adjust prices since August 2012.OB said the prices of its major beer brands, including Cass, Premier OB and Cafri, will go up by an average of 6 percent and has notified wholesalers and large discount stores. Under the new policy, the factory price of a 500-milliliter bottle of Cass will rise from 1,082 won (US$

Oct 29, 2016
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Whisky makers vie for low-alcohol brands

[THE INVESTOR] While a new trend in liquor consumption is setting among South Koreans, whisky makers are entering into competition with each other in low-alcohol brands. Golden Blue, a homegrown whisky released in 2009 by a fledgling Korean distiller based in the southeastern port city of Busan, said it plans to release Phantom The Original, a whisky with 35 percent alcohol, on Oct. 28.Low-alcohol whiskies have gained ground in South Korea since late 2009, when the local distiller released Golde

Oct 28, 2016
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Lotteria to unburden mounting overseas debt guarantees ahead of IPO

[THE INVESTOR] Lotte Group’s food and dining division Lotteria reported a 145.5 billion won (US$128.81 million) balance of debt guarantees for its overseas operations, according to the data released by Financial Supervisory Service on Oct. 25.On the previous day, Lotteria decided to guarantee a 20.5 billion won loan of its subsidiary Burger King Japan and Burger King Japan Holdings, an 11.2 billion won loan of Lotteria Vietnam, and 6.8 billion won loan of Lotteria Beijing. In addition to its fla

Oct 27, 2016
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Anti-graft law hits flower sales in Korea

[THE INVESTOR] Flower sales in South Korea have decreased more than 20 percent on-year in October, following the implementation of an anti-corruption law, data showed on Oct. 26.According to the data by the Korea Agro-Fisheries & Food Trade, flower transactions came to 1.96 million bunches in the first 24 days of this month, down a whopping 22 percent from the same period a year earlier.The plunge is deemed unusual as flowers are in high demand in October when many youths tie the knot or compani

Oct 27, 2016
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European premium home appliances popular in Korea

[THE INVESTOR] The number of South Koreans who have purchased European upmarket home appliances from online vendors abroad is on the rise, a survey showed on Oct. 25. According to the survey by G9, an online shopping website, sales of European kitchen appliances more than quadrupled on year for the July-September period.Sales of European household appliances also jumped more than six times on year for the quarter, the survey said. Among popular European brands are SMEG and Delonghi. In the third

Oct 26, 2016
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Lotte seeks to purchase overseas duty-free firms: report

[THE INVESTOR] Lotte Duty Free, the duty-free unit of Lotte Group, is seeking to purchase smaller overseas duty-free businesses to resume its global expansion efforts, local media outlet Money Today reported on Oct. 25. “Lotte Duty Free is exploring to acquire businesses that are valued less than 100 billion won (US$87.93 million). It is also pushing to make inroads in the Asia-Pacific region,” an unnamed Lotte official was quoted as saying.“We are discussing details of the possible acquisition

Oct 26, 2016
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CLIO to tap deeper into Chinese cosmetics market

[THE INVESTOR] South Korea’s cosmetics maker CLIO, which seeks to get listed on the Seoul bourse next month, will target China’s growing color makeup market, the firm said on Oct. 24. “Cosmetics are now regarded as a tool to express ‘myself’ departing from its traditional role of protecting skin. The trend is remarkably strong among Chinese youngsters,” CLIO’s chief executive Han Hyun-ok said during a press conference in Seoul. On the back of K-beauty boom, CLIO has been expanding its foothold i

Oct 25, 2016
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Lotte narrowly maintains No. 3 rank in global duty-free sales

[THE INVESTOR] Lotte Duty Free has maintained the third place for two consecutive years among the world’s duty-free operators by 2015 revenue, it announced on Oct. 24.According to The Moodie Report, Lotte’s sales in 2015 reached 3.75 billion euros (US$4.08 billion), after Switzerland’s Dufry (5.68 billion euros) and US’s DFS Group (3.77 billion euros). Lotte beat France’s LS Travel Retail to the third rank in 2014, and has closed in on DFS, in line with its aim to become the top duty-free operat

Oct 25, 2016
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AmorePacific further taps into US with Innisfree

[THE INVESTOR] AmorePacific Group will launch its better-priced range Innisfree with a flagship store in Manhattan in 2017, according to Money Today on Oct. 24. Actor Lee Min-ho attending the opening ceremony for Innisfree`s Shanghai flagship store in 2015. InnisfreeThe South Korean beauty giant is looking for a site for the store slated to open as early as the first half next year, and will open multiple outlets across the US, where it already has four brands Amore Pacific, Sulhwasoo, Laneige a

Oct 25, 2016
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Crown Confectionary to spin off food division

[THE INVESTOR] Crown Confectionary (005740) announced on Oct. 21 that it will spin off its food division, into a new entity which will carry the company name, while the remaining division will operate as Crown Haitai Holdings, its holding company. It will maintain its listing on the stock market and the new spin-off will seek relisting. The due date for the split is March 1, 2017.(theinvestor@heraldcorp.com)

Oct 22, 2016
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Fila Korea to increase stake in Acushnet before IPO

[THE INVESTOR] Fila Korea will defend its management rights in Acushnet by increasing its stake up to 50 percent before the US golf equipment manufacturer goes public this month, according to news reports on Oct. 19.With 33.1 percent stake, it currently is the largest shareholder of Acushnet, the world’s largest golf equipment and apparel company that owns Titleist and FootJoy. Acushnet will offer 19.3 million shares to the public, to raise up to US$463.2 million, and its total post-IPO market v

Oct 21, 2016
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Duty-free sales up 36% in first nine months

[THE INVESTOR] Sales at South Korea’s duty-free stores climbed 36.4 percent on-year in the first nine months, data showed on Oct. 20. Sales at 50 duty-free stores nationwide came to 8.93 trillion won (US$7.90 billion) in the January-September period, compared with 6.55 trillion won a year ago, according to data compiled by Korea Customs Service.If the current sales trend continues, annual sales at the duty-free stores could top 10 trillion won for the first time this year.Foreign goods accounted

Oct 21, 2016
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Korean food firms seek to diversify

[THE INVESTOR]Major food and beverage companies in South Korea are seeking ways to diversify their business portfolios to recover from a drawn-out slump, industry officials said on Oct. 19. The country’s biggest confectionery Orion said it has joined with the National Agricultural Cooperative Federation (NongHyup) to venture into the food market. Under the deal, the two will construct a facility for processed food by the end of 2017.Orion said it aims to advance into the rapidly growing market f

Oct 20, 2016
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Ottogi tops in instant noodle business

[THE INVESTOR] Ottogi, South Korean food giant, has come to the fore in the local instant noodle business with its doubled market share over the past few years, industry sources said on Oct. 19. Since its establishment in 1969, Ottogi had been known for such products as curry, soups, ketchup and mayonnaise, but the company has emerged as a strong contender to market leader Nongshim after entering the instant noodle market in 1987.As of the end of August this year, Ottogi’s market share came to 2

Oct 20, 2016
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The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114