Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Starbucks Korea posts record operating profit on W1.2tr sales
With solid customer loyalty, especially among women in their 20s and 30s in Korea, Starbucks Coffee Korea raked in 114.4 billion won ($107 million) in operating profit and 1.2 trillion won in sales last year, industry data showed Thursday. Starbucks (Yonhap)The US coffeehouse chain opened its first local branch near Ewha Womans University in 1999. It is the first time Starbucks has recorded over 100 billion won in operating profit.According to the Financial Supervisory Service’s electronic discl
Industry March 15, 2018
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Ssangyong, Daewoo E&C clinch $740m project in Singapore
South Korean construction companies Ssangyong Engineering & Construction and Daewoo Engineering & Construction have won the $740 million Woodlands Health Campus (WHC) project in Singapore, the firms said Thursday. A computer generated image of the planned Woodlands Health Campus (WHC) project in Singapore (Ssangyong E&C)The two companies have formed a joint venture with Singapore’s Koh Brothers Building & Civil Engineering Contractor and worked on to win the project since December 2016.The Ssan
Industry March 15, 2018
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Kolon Industries FnC launches fashion rental service
South Korean fashion company Kolon Industries FnC said Tuesday that it had launched an environment-friendly fashion rental service. A customer looks at clothes from Kolon Industries FnC’s Re;Cord. (Kolon Industries FnC)Starting Wednesday, Kolon Industries FnC’s upcycling brand Re;Cord will be renting out items that were manufactured three years ago or less, as part of efforts to add value to fashion, according to the company.“We have come up with the rental service in step with the new shopping
Industry March 13, 2018
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Asiana captain fired after quarreling during flight
A captain who had an argument with a co-worker during a flight has been fired, while his counterpart resigned, according to South Korean airline Asiana. Asiana Airlines (Asiana)According to the Ministry of Land, Infrastructure and Transport on Tuesday, the quarrel took place between the two captains on duty at the cockpit of an Asiana flight heading for Rome in September last year.The conflict was triggered when one captain refused to hand over control to the other and told the latter’s vice cap
Industry March 13, 2018
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Seoul to toughen requirements for LCC airlines
South Korea’s Ministry of Land, Infrastructure and Transport said Monday that it would revise the current law to strengthen entry criteria and management requirements to put the brakes on expanding low-cost carriers.“We came up with the revision to make LCC-related regulations more realistic, aiming to improve the overall quality of the airline industry with fair competition,” said a ministry official. Jeju Air (Jeju Air)If the revision is passed by related organizations, legislative authoritie
Industry March 12, 2018
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Chunho Food rebranded as Chunho N Care
South Korean health food company Chunho Food has been rebranded as Chunho N Care, the company said Monday. The “N” in the name stands for the company’s vision of “nature, nutrition and next,” the firm said. Chunho N Care employees hold up the new brand logo with CEO Lee Seung-woo (right). (Chunho N Care)The new name and logo will be used for all products from April, following a shareholders meeting slated for later this month. The company has been using its original name for 35 years since it wa
Industry March 12, 2018
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Anti-pollution cosmetics emerge as rising trend
Amid deteriorating air quality caused by fine dust, beauty industry retailers are releasing anti-pollution cosmetics designed to prevent or filter out fine dust particles from one’s skin. (From left) Issilin Finish Cover Pact from Pulmuone Lohas, Lavida Sun Solution Daily Moist Protection IRF20 SPF36 PA+++ from Koreana and PM2.5 Block Cleanser from Celltrion SkincareAccording to cosmetics manufacturers, the consumer need for functional skin care products is growing beyond the traditional sunscr
Industry March 11, 2018
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Cho Yang-ho receives appreciation plaque from defense industry
Hanjin Group Chairman Cho Yang-ho was awarded a plaque of appreciation for leading both quantitative and qualitative growth in South Korea’s defense industry, the company said Sunday. Hanjin Group Chairman Cho Yang-ho (right).(Hanjin Group)Cho recently stepped down from the chairman post of the Korea Defense Industry Association. He served the position for 14 years since June 2004. The plaque thanked Cho for leading a stellar growth and transparent management in the defense industry. The newly
Industry March 11, 2018
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City dwellers’ skin suffers: Amorepacific
South Korea’s leading cosmetics manufacturer Amorepacific found that the level of urbanization can influence the formation of skin microbiomes, which causes skin problems, according to its study released in an international science journal.Amorepacific Co. R&D Center (Amorepacific)According to Amorepacific on Thursday, its in-house research institute Amorepacific Co. R&D Center partnered with Chung-Ang University’s College of Biotechnology and Natural Resources to conduct an experiment on skin m
Industry March 8, 2018
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Global advisory firm takes side with KT&G for its CEO reappointment
While debate lingers between shareholders over whether the South Korean tobacco maker KT&G’s current chief Baek Bok-in should be reappointed, a global proxy advisory firm Institutional Shareholder Services spoke in favor of Baek’s reappointment, industry sources said Wednesday. KT&G CEO Baek Bok-in (KT&G)Prior to the shareholders meeting slated for March 16, the state-run Industrial Bank of Korea -- the second-largest single shareholder of KT&G with a 6.9 percent stake -- has proposed for a conf
Industry March 7, 2018
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Minor collision of Korean Air plane delays departure
Korean Air’s airliner KE011 en route to Los Angeles crashed into the tail of a different Korean Air plane inside the parking ramp. Takeoff was delayed for more than three hours. Korean AirAccording to Korean Air, the plane was being dragged by the tow car inside the parking ramp at Incheon International Airport on Tuesday at around 8:20 p.m. The plane was getting ready to be moved to the runaway for taxiing, the company said. While 292 passengers and 24 flight attendants were on board the plane
Industry March 7, 2018
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Coway expanding business overseas
South Korea’s leading water and air purifier maker Coway said it will make an aggressive move to expand its overseas market base this year. An official at Coway Malaysia explains a product to a customer. (Coway)According to the company, it aims to hit the target of 520 billion won ($480 million) of overseas sales in 40 countries this year, about 26 percent up from the previous year’s target. Overseas sales include the sales from overseas branches and original design manufacturing production, the
Industry March 6, 2018
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OB’s Brazilian CEO gets Korean name
Oriental Brewery, the Korean affiliate of the world‘s largest beer maker AB InBev, said Tuesday that its Brazilian CEO Bruno Cosentino has been given the Korean name Ko Dong-woo. Oriental Brewery CEO Ko Dong-woo (OB)The 45-year-old CEO, who took the post in January, is a veteran beer expert with over 20 years of experience at AB InBev. Until recently, he served as the vice president of AB InBev’s Asia-Pacific branch.OB said his name was made based on Korean traditional fortune telling. The Chine
Industry March 6, 2018
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Popularity of clothes dryers, steam closets changes home appliance market
Increased consumer interest in keeping clothes hygienic in a convenient way is changing the home appliance market, with clothes dryers and steam closets continuing to see sales growth. The LG TROMM clothes dryer and TROMM Styler (E-Mart)Both clothes dryers and steam closets had long been seen as supplementary or niche items here. But with changing lifestyles and shifting priorities of consumers, the two appliances have increasingly become more of a necessity than a luxury, industry watchers said
Industry March 5, 2018
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Creditors move to sell Kumho Tire to China’s Doublestar
South Korea’s troubled tire maker Kumho Tire will take steps to sell its majority stake to China’s Qingdao Doublestar, a state-run creditor bank said Friday. Korea Development Bank Senior Vice President Lee Dae-hyun speaks at a press conference on its deal with China‘s Double Star over the fate of Kumho Tire, in Yeouido, Seoul, Friday. (Yonhap)According to Korea Development Bank, it will push ahead with a plan to sell it to the Chinese tiremaker for 646.3 billion won ($597.4 million) and close a
Industry March 2, 2018
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