The Korea Herald

T’way Air finalizes lease deal to introduce midsize jetliners early next year

TransportApr 20, 2021

Low-cost carrier T’way Air said Tuesday it has signed a deal to lease three midsized aircrafts A330-300 with plans to roll them out early next year. The plan will see the airline introduce a new fle...
McDonald's to release BTS meal in nearly 50 countries

RetailApr 20, 2021

Fast food restaurant chain McDonald’s has announced that it is teaming up with popular Korean group BTS for a new celebrity meal which will hit the stores next month globally. The BTS Meal consists ...
Oriental Brewery begins sale of All New Cass nationwide

RetailApr 19, 2021

South Korea’s largest brewer, Oriental Brewery, has begun the sale of its newly revamped flagship beer All New Cass nationwide. Following a ceremony at its Cheongju plant on Sunday, the beer -- bott...
Over 70,000 manufacturing jobs moved abroad last year: report

IndustryApr 19, 2021

A new analysis has suggested that over 70,000 manufacturing jobs in South Korea moved abroad last year, which accounted for 0.3 percentage point of the country’s unemployment rate. The loss of 72,00...
Coway’s ad featuring BTS racks up over 10 million views

RetailApr 18, 2021

South Korean home appliance maker Coway has said its new advertisements featuring K-pop group BTS have racked up over 10 million views on YouTube. In yet another sign of the group’s commercial succe...
After Coupang Eats’ success, other food delivery apps rush to speed up delivery

RetailApr 18, 2021

South Korean food delivery apps are rushing to offer speedier delivery services by making riders deliver just one order at a time, rather than multiple orders, to ensure the freshness of the food – a...
Coupang senior job openings in Singapore spark speculation of foray into Southeast Asia

RetailApr 13, 2021

South Korean e-commerce giant Coupang is hiring a small number of employees for senior positions in Singapore, a move that has been seen as part of steps to branch out into the Southeast Asian market...
[News Focus] Coupang, E-mart, Market Kurly join race to offer cheapest price as competition grows

RetailApr 12, 2021

Major e-commerce giants in South Korea are offering the cheapest prices and free delivery to keep an edge over their rivals, as competition grows amid the pandemic-fueled online shopping boom. E-com...
Kakao in talks to acquire fashion shopping app Zigzag: report

RetailApr 9, 2021

Kakao, the South Korean tech giant behind popular messaging app KakaoTalk, is taking steps to acquire mobile shopping app Zigzag, according to local reports Friday. The reported deal could see Kakao...
GS to ramp up ESG efforts with green biotech startups

IndustryApr 8, 2021

GS Group kicked off a mentoring camp with biotech startups on Thursday as part of environmental, social and governance efforts, with plans to pursue eco-friendly business projects together. A total ...
[Newsmaker] Innisfree forced to clarify ‘paper bottle’ packaging after customer discovers plastic bottle inside

RetailApr 8, 2021

Innisfree, a cosmetic brand under Amorepacific, has been forced to clarify its eco-friendly “paper bottle” packaging after a customer’s complaint about plastic usage and a “misleading” label went vir...
Dior’s revenue in Korea jumps more than twofold despite pandemic

RetailApr 7, 2021

French luxury fashion house Christian Dior racked up 104.7 billion won ($93.2 million) in operating profit last year despite the coronavirus pandemic, according to data from the Financial Supervisory...
HYBE shares hit a 5-month high after Ithaca acquisition announcement

IndustryApr 7, 2021

The stock price for HYBE, the company behind BTS, continues to rise after it announced last week plans to purchase media company Ithaca Holdings. According to Korea Exchange, HYBE’s shares were trad...
Starbucks Korea to do away with single-use cups by 2025

RetailApr 6, 2021

Starbucks Korea has vowed to stop the use of disposable cups by 2025. As part of its long-term sustainability “Better Together” project, the coffeehouse chain said Tuesday it will roll out reusable ...
AeroK to launch its first scheduled flight next week

TransportApr 6, 2021

South Korean low cost carrier AeroK said Tuesday its first scheduled flight between Cheongju and Jeju will take off on April 15. The airline, which is based at Cheongju International Airport, will f...