Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
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
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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
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[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
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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
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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
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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
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[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
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Doosan Industrial Vehicle opens factory store in Atlanta
Doosan Industrial Vehicle, a leading South Korean forklift manufacturer, has opened a factory store in Atlanta, Georgia, to expand its presence in the North American market, the company said Thursday. Doosan Industrial Vehicle’s forklifts (DIV)At its factory store, customers can experience one-stop shopping for Doosan Industrial Vehicle and receive customer services such as counseling, according to the firm. The store will be directly managed by the company’s American branch, which aims to expan
Industry May 17, 2018
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Costco under fire after plastics found again in PB products
Costco Wholesale, a popular warehouse-style discount chain here, has come under fire, as plastic pieces were found again in products from its private brand Kirkland Signature. The Ministry of Food and Drug Safety said Thursday that a 40 millimeter-long piece of plastic was discovered in a Kirkland Signature Jelly Belly product. A 13 millimeter-long plastic vinyl sheet was also found in a Kirkland Signature Protein Bar.It was the fourth time this year that foreign substances had been discovered i
Industry May 17, 2018
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Sales of heat-not-burn tobacco skyrocket in 11 months: data
Following the release of different types of heat-not-burn cigarette products by major tobacco companies in Korea, a total of 163 million packs of HNB cigarettes have been sold in the 11 months since the first HNB e-cigarette device was introduced to the domestic market, data showed Wednesday.According to data from the tobacco industry and the Ministry of Health and Welfare, sales of HNB cigarettes have risen sharply since Philip Morris International released the Iqos in May last year. Sales of H
Industry May 16, 2018
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Shilla Duty Free outperforms in Q1 with record-high sales
Shilla Duty Free, the airport duty-free retailer under Hotel Shilla, said Wednesday that it posted record-high sales of 1.14 trillion won ($1 billion) in the first quarter of this year. A Shilla Duty Free store in Phuket, Thailand. Hotel ShillaShilla Duty Free earned 47.6 billion won in operating profit in the first quarter, mainly due to an increase in sales at its overseas duty-free shops. The company recorded 600 billion won of sales last year. It expects sales to hit 1 trillion won this yea
Industry May 16, 2018
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Lotte Shopping to invest W3tr for e-commerce under omni-channel
Lotte Shopping, which operates Lotte Group’s retail brands such as Lotte Department Store and Lotte Mart, will invest 3 trillion won ($2.8 billion) to fortify its e-commerce business under one channel, based on its expertise of operating offline business. Lotte Shopping CEO Kang Hee-tae speaks during a press conference held in Seoul on Tuesday. Lotte Shopping“We aim to make online sales of 20 trillion won by 2022 and become the industry’s No.1, through our focus on strategies for O4O (Online-fo
Industry May 15, 2018
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[Video] Matching unique beer with Korean BBQ
Samgyeobsal (pork belly) with soju, Pajeon (scallion pancake) with makgeolli (Korean rice wine) and cheese with wine: these are some of the staple pairings of dishes and alcoholic beverages that go hand in hand.Taking cue from the commercial effects of such dining culture, beverage makers and importers have been stepping up their marketing game by finding “the right” pairings of local dishes for their brands in a country where alcohol consumption is shifting towards quality rather than quantity.
Industry May 14, 2018
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Asiana plane has collision in Istanbul Airport
Asiana Airlines’ OZ552 departing from Istanbul, Turkey crashed into the tail of Turkish Airlines’ A321 plane Sunday, breaking its wing as well as the other plane’s tail and causing a fire.According to Asiana, the plane was moving on the taxi way at Istanbul’s Ataturk Airport at around 5:30 p.m. local time. Its wing accidentally hit the tail of Turkish plane which was parked.The air carrier said none of the people on board were hurt, and the crash was not severe. The fire that broke out on the Tu
Industry May 14, 2018
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[Weekender] Diet foods suppress carbs, not appetite
A 28-year-old Oh Hye-jin’s day begins with drinking a 125 milliliter pack of non-sweet soy bean milk, mixed with powdered oats. On a strict diet, she prepares her breakfast after a morning exercise. Her option is normally pancakes made of whole grain, drizzled with date palm syrup. Oh has been cutting back on refined carbohydrates for the past three months. She says white flour is the main culprit behind her love handles.If she has time, she cooks and packs her lunch, but she recently began buyi
Industry May 11, 2018
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