Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Food groups pin hopes on improvement in inter-Korean ties
With inter-Korean ties appearing to move forward, South Korean food and beverage companies are cautiously pinning hopes on expanding their businesses to the other side of the peninsula, eyeing the some 25 million potential consumers in the North. Retail giant Lotte Corp. said Tuesday that it has formed a task force to work on the group’s business expansion to North Korea. Its food and beverage affiliates Lotte Food, Lotte Chilsung and Lotte Confectionery will lead the business under a CEO-level
Industry May 30, 2018
-
Lotte to hold year’s first nondeal roadshows in NY, Boston
South Korean retail giant Lotte said Tuesday that it would hold nondeal roadshows in New York and Boston, US until Wednesday, local time. They will be the conglomerate’s first overseas events since its chairman, Shin Dong-bin, was sentenced to 2 1/2 years in prison for bribery and embezzlement in February. Lotte Shopping CEO Kang Hee-tae. YonhapAn NDR is an investment-focused event where executives hold discussions with current and potential investors. Nothing is offered for sale.Arranged by Cit
Industry May 29, 2018
-
Hyundai E&C to begin sales of Hillstate Geumjeong
Hyundai Engineering & Construction, the main construction unit of Hyundai Motor Group, will begin sales of 1,482 units of Hillstate Geumjeong in Gyeonggi Province in June, the company said Tuesday. The planned Hillstate Geumjeong development. Hyundai E&CHillstate Geumjeong consists of four apartment buildings and one studio apartment building, each with up to 49 floors and six basement floors. The size of each apartment ranges from 72 square meters to 84 square meters, mainly small and midsized
Industry May 29, 2018
-
Construction companies venture into IoT tech territory
With internet of things technologies spreading fast to our everyday lives, a smart home is no longer a new concept.IoT technologies include motion sensors that detect the movement of residents to turn a feature on or off, artificial intelligence speakers that can activate a washing machine, and curtains that can open and close depending on the mode.Since the early 2000s, construction companies have been bringing the technologies to apartments to increase convenience, such as installing high-spee
Industry May 28, 2018
-
S. Korean companies voice concerns over NK-US summit fallout
Following US President Donald Trump’s cancellation of a summit with North Korean leader Kim Jong-un, South Korean companies have voiced concerns about the possible impact on the domestic situation, but they are taking a wait-and-see approach.An official from the Korea Chamber of Commerce and Industry was quoted as saying that “since both sides aim to reach a mutual goal, we hope things go well, but it is still early to make a hasty conclusion.”The Federation of Korean Industries also expressed r
Industry May 25, 2018
-
Cosmax to apply for global standardization of sun care tech
South Korean cosmetics developer and original development manufacturer Cosmax said Thursday that it is in talks with the government for methods to authorize the global standardization of infrared protection factor developed by the company, the first attempt in the world.Cosmax said it has developed sun care technology through a new clinical method, which can numerically measure IPF by comparing before and after its IPF-block product was applied to one’s skin. Such technology can be applied to va
Industry May 24, 2018
-
CJ ENM to set up Asia’s largest content studio in Vietnam
CJ ENM, a merged corporation of CJ O Shopping and CJ E&M officially launching in July, said Thursday that it will open Asia’s largest virtual commerce content production center in Ho Chi Minh, Vietnam, targeting audiences in Southeast Asian countries. The center, called DADA Studio Vietnam, will create and distribute at least 1,000 pieces of v-commerce content from early next year. Focusing on making use of the low-cost production system and high efficiency of the talent pool in Vietnam, CJ ENM
Industry May 24, 2018
-
HNB e-cigarette competition heats up for big 3 tobacco firms
As interest and purchase of heat-not-burn e-cigarettes increases among South Korean smokers -- over 163 million packs of HNB cigarettes in less than a year --top tobacco makers operating in the country are engaged in a heated marketing war.The fierce competition between the three major tobacco companies here -- Philip Morris International, KT&G and BAT Korea -- are entering phase 2 since their respective launches of the HNB products last year, with each striving to appeal to customers with diffe
Industry May 23, 2018
-
GS E&C records W310b of pretax profit in Q1
GS Engineering & Construction said Wednesday that its first-quarter pretax profit recorded 311 billion won ($288 million), a 561 percent increase year-on-year.The company said its sales came to 3.1 trillion won, up by 15.8 percent on-year. With operating profit of 390 billion won, its pretax profit recorded 311 billion won. Both figures are the highest in the company’s history, it said.Some 1.9 trillion won came from obtaining new orders in the first quarter. (Yonhap)For 16 consecutive quarters
Industry May 23, 2018
-
Sales of jelly candies soar upon rising popularity among adults
Jelly candies are seeing increasing popularity among South Koreans, rising as an alternative for traditionally preferred hard candy and chewing gum, industry data showed Tuesday.According to a local confectionary company Orion, which sells steady-selling gummy sweets such as Mygumi, Jelly Worms and Jelly Bob, saw its sales of jelly candies jump by 65.4 percent over the past five years. 123RFIn March alone, which is considered peak season for confectionary firms since couples exchange gifts and
Industry May 22, 2018
-
[Feature] Foodmakers fight the MSG fiction
At restaurants in South Korea, one can easily find lists explaining the origins of ingredients. And next to that, there are usually notifications that say, “We do not use MSG in our food.”Despite public perceptions to the contrary, repeated studies show the additive is not harmful, and may even be healthy as a salt replacement. Now foodmakers are trying to promote the additive as a low-sodium option, especially to younger consumers who don’t have negative preconceptions of it. 123RFMonosodium g
Industry May 21, 2018
-
Industry, political heavyweights pay respects to late LG chairman
South Korean business tycoons as well as heavyweights from the political circle continued to visit late LG Chairman Koo Bon-moo’s altar on Monday to pay their respects and offer their condolences. Koo died on Sunday morning due to illness. In accordance with the late business tycoon’s wish to hold a simple and quiet funeral, LG had said in a statement that Koo’s funeral would be carried out privately.Samsung Electronics Vice President Lee Jae-yong leaves after paying respect at Koo's altar set u
Industry May 21, 2018
-
CJ E&M’s DIA TV gains over 160 million subscribers
DIA TV, an online and TV channel for individual content creators, said its number of subscribers had surpassed 160 million as of the end of April, surging from 44 million two years ago. DIA TV’s offline content exhibition DIA Festival is held in Seoul in August 2017. (DIA TV)Content on DIA TV, which is run by South Korean entertainment giant CJ E&M, saw an accumulated 32 billion hits as of the end of last year, following the service’s launch in 2015. “DIA TV will continue to support creative and
Industry May 20, 2018
-
MillerCoors accuses Hite of copycat trademark
US brewing giant MillerCoors has accused South Korean beer brand Hite of copying its light pale lager Lite, in an apparent move to deter Hite Jinro’s growing presence in the US market. A screen capture that compares Lite by MillerCoors and Hite by Hite Jinro. (United States Patent and Trademark Office)According to the United States Patent and Trademark Office, MillerCoors recently filed a petition against Hite Jinro’s registration of a trademark in the US, which the South Korean beer company ha
Industry May 20, 2018
-
[Photo News] Late LG chief Koo Bon-moo’s life in photos
Koo Bon-moo, chairman of South Korea’s fourth-largest conglomerate LG Group, died Sunday at the age of 73. LG Chairman Koo (second from left) and then-LG Cable Chairman Huh Chang-soo (third from left) visit LG Electronics’ factory in Pyeongtaek, Gyeonggi Province, for an inspection in October 1995. (LG)Koo (far left) inspects products at LG Display’s liquid-crystal display production line in October 1996. (LG)Koo (left) speaks with former General Electric Chairman Jack Welch during a meeting in
Industry May 20, 2018
Most Popular
-
1
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
-
2
Second Gimpo civil servant found dead, after apologizing for not finishing work
-
3
DP leader says he will meet Yoon without conditions
-
4
First-ever meeting of president, opposition chief set to finally happen
-
5
NewJeans' singles, Japanese debut to proceed as planned, despite Hybe-Ador feud
-
6
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
-
7
Experts raise concerns about Japan putting pressure on Naver over Line
-
8
Samsung mobile chief, Google device head meet in Seoul
-
9
Ship linked to NK arms shipments to Russia is moored in China: State Dept.
-
10
More med professors to take day off each week while govt. urges them to stay