Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
[Feature] Local beer makers struggle amid imported beer boom
Cass has long been a household name in Korea -- even to those who do not imbibe. Korea’s No. 1 beer maker Oriental Brewery has been around for over 80 years, but it has only recently been making moves into overseas markets like China.Even for a well-established brand with sales of 1.5 trillion won ($1.4 billion) in 2016, the reason is clear and simple -- local beers aren’t selling so well in Korea. Korea’s beer market had long been dominated by two local power brands: Cass by OB and Hite by Hite
Industry Feb. 7, 2018
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Convenience stores venture into cosmetics territory
Until recently, the only cosmetic products customers could find at convenience stores were miniature skin care products -- typically packaged in travel kits. Major convenience store chains, however, are venturing into what is viewed as drugstore territory, with the launch of affordable and fashion-forward lines of makeup, looking to appeal to millennial consumers.In Korea, beauty products constitute a 300 billion won ($276 million) industry, which increased 20 percent on-year in 2016.And more co
Industry Feb. 6, 2018
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LG’s cordless vacuum beats Dyson on price comparison site
LG Electronics’ cordless vacuum cleaner saw boosted sales on an online price comparison website last month, beating its UK rival home appliance maker Dyson. LG Electronics’ Cordzero A9 (LG)According to local e-commerce platform Enuri.com, LG Electronics’ cordless vacuum cleaners accounted for 45 percent of sales in the sector in January, about 18 percentage points above Dyson’s 27 percent. Until the second quarter of 2017, Dyson topped the list on the price comparison website, accounting for 40
Industry Feb. 4, 2018
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GS Group chairman stresses innovation, competitive power for 2018
GS Group Chairman Heo Chang-soo encouraged its new executive members to become innovative leaders with competitive power for the new business year.During a seven-day program held for new members of the board at Elysian Resort on Jeju Island, Heo participated in a dinner to encourage and communicate with the new executives. GS Group Chairman Heo Chang-soo (GS Group)“As fluctuation issues are expected to persist this year with international oil prices, interest rates and exchange rates, protection
Industry Feb. 4, 2018
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[Herald Interview] Restaurants that sell a story
It’s hard to settle on a restaurant in the bustling Seoul neighborhood of Itaewon, where the dining scene seems to change by the month. The constantly shifting topography of eateries is currently all about mixing and matching different cuisines or being authentically foreign, with eating out becoming more of an exuberant repast rather than a simple meal.In a back alley in Itaewon is Yoo Ji-young’s Korean barbecue restaurant Tongue & Groove Joint. But don’t expect to walk into a typical Korean ba
Industry Feb. 2, 2018
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KT&G sees record high of W1.48tr in overseas sales
South Korean tobacco maker KT&G said Thursday that it saw a record high of 1.48 trillion won ($1.3 billion) of overseas sales last year. KT>he company said it broke its previous record of 941.4 billion won of overseas sales in 2016, measured by sales from exports and overseas corporation. This translates to a record high of 55.4 billion cigarettes sold overseas, an about 13.8 percent increase from 48.7 billion cigarettes in 2016. KT&G first tapped the overseas market in 1988. It took about th
Industry Feb. 1, 2018
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[Herald Interview] Airbus promotes brand new A350-1000 as perfect fit for Seoul
With increasing air traffic, passengers continue to demand spacious and cozy flights, while airlines seek profitable planes. The newest member of Airbus’ leading jetliner, the A350-1000, meets all those requirements and is the “perfect fit” for mega cities like Seoul, according to Airbus. Airbus Marketing Director Francois Obe (Airbus)“Forecasts show about 40 percent of the world’s air traffic will come from Asia in the next 20 years. In that sense, our latest A350 model is the product with the
Industry Jan. 31, 2018
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[Exclusive] Airbus to start delivering A330neo in July: sources
Airbus will make the first delivery of A330neo jetliner -- the latest version of the planemaker’s fuel-efficient version of the A330 -- from its headquarters in Toulouse no later than in July. An official from a Toulouse-based civil aircraft manufacturer told The Korea Herald that the aircraft, a revamped version of the A330 with new Rolls-Royce Trent 7000 engines, is due to enter service in July, after achieving its EASA and FAA Type Certification by the end of June. A330neo (Airbus)It successf
Industry Jan. 30, 2018
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[단독] 에어버스, A330네오 기종 오는 7월 선봬
에어버스가 신형 A330기 ‘A330네오’에 대한 최종점검 등 인증 절차를 상반기 내에 완료하고 오는 7월 구매 항공사들에 공급한다. 사양을 대폭 개선한 이 기종은 경쟁사 보잉 드림라이너의 대항마로 관심을 모으고 있다. 에어버스 관계자에 따르면 지난 10월 시험운항을 성공적으로 마친 A330네오는 현재 막바지 어셈블링 단계에 있다. 이 관계자는 "인증 절차가 6월 말께 마무리될 예정"이라며 "(그로부터) 짧게는 한 달, 길게는 두 달 안에 첫 구매자 TAP포르투갈항공에 배달될 것"이라고 코리아헤럴드에 밝혔다. 에어버스 A330네오 (사진=에어버스 제공)아시아 고객 중에는, 떠오르는 '사통팔달' 말레이시아를 거점으로 하는 에어아시아(AirAsia)가 이 모델 66대를 구입한 것으로 전해졌다. A330네오는 사이즈별로 판매가격이 2억5천500만달러(한화 2천900억원)에서 2억9천100만달러에 달한다. 에어아시아가 무려 17조원가량을 지불했다는 추산이 나온다. 지난 2014년
한국어판 Jan. 30, 2018
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Lotte Liquor’s Kloud beer taps Cambodian market
Lotte Liquor, a unit of Lotte Chilsung Beverage, will start selling Kloud beers in Phnom Penh, Cambodia, from February, expanding its sales to Southeast Asia. A Cambodian consumer looks at Kloud beer. (Lotte Liquor)Lotte Liquor said it has delivered over 90,000 cans and bottles of Kloud beer to Phnom Penh’s major retail chains and convenience stores.With its launch in Cambodia, the company said its initial goal is to increase brand awareness with aggressive marketing via television and social m
Industry Jan. 30, 2018
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Louis Vuitton launches online store in Korea
Fashion powerhouse Louis Vuitton has launched its official online store in Korea, 28 years after it first opened a brick-and-mortar store in Seoul. Louis VuittonShoppers in Korea -- including those living on Jeju Island -- can purchase and have their products delivered by shopping at www.louisvuitton.kr, which offers a full range of luxury products: leather goods, watches, luggage, gifting collection, handbags, perfumes, accessories and jewelry. The brand said it will add shoes and ready-to-wear
Industry Jan. 30, 2018
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McDonald’s Korea launches PyeongChang Korean Beef Signature Burger
McDonald’s Korea said Monday that it will launch PyeongChang Korean Beef Signature Burger on Tuesday, offering 10,000 burgers just for one day. McDonald’s KoreaBy using PyeongChang’s specialty Korean beef that goes well with white Cheddar cheese, the burger set will include golden fried potatoes. McDonald’s Korea said those who purchase the burger can enter into a draw to win two tickets to the Speed Skating final event. A lucky 150 people will be selected.By Kim Da-sol (ddd@heraldcorp.com)
Industry Jan. 29, 2018
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WeMakePrice considers accepting virtual currencies
South Korean e-commerce company WeMakePrice said Monday that it is working to accept cryptocurrencies like bitcoin as one of its payment options, marking the first attempt by a major online shopping platform amid the ongoing cryptocurrency frenzy here. WeMakePriceWeMakePrice said talks are underway with Bithumb, the country’s largest cryptocurrency exchange, to develop a system that can apply some 12 kinds of virtual currencies, such as bitcoin and ethereum, to WeMakePrice’s online payment servi
Industry Jan. 29, 2018
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Largest indoor animation theme park to open in Yongsan
Hyundai Development Company’s Hyundai IPark Mall said Monday that it will open South Korea’s biggest indoor theme park at its Yongsan location on Feb. 10.Yongsan IPark Mall’s Popcon D Square (HDC IPark Mall)Together with Daewon Media -- the company behind Korean animation “Young Shim” and which holds licenses for works of Japan’s Studio Ghibli and Japanese manga series “Doraemon” and “One Piece” -- IPark Mall aims to build a place where an animation kingdom becomes reality.The animation theme pa
Industry Jan. 29, 2018
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[Newsmaker] Shinsegae attracts W1tr funding to expand e-commerce
South Korea’s retail giant Shinsegae, led by the group’s Vice Chairman Chung Yong-jin, said Friday it has attracted more than 1 trillion won ($940 million) from a foreign investment firm and a private equity firm in an aim to strengthen its e-commerce business.The company said it has signed a memorandum of understanding with BRV Capital Management, a consumer focused investment firm, and private equity firm Affinity Equity Partners for its new e-commerce unit. Shinsegae Vice chairman Chung Yong
Industry Jan. 26, 2018
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