Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
[News Focus] New liquor tax proposal faces mixed response
A South Korean think tank’s recommendation to switch liquor taxes from price-based to volume-based system beginning with beer and makgeolli -- off-white rice wine -- has got a mixed market response.According to the Korea Institute of Public Finance, the first liquor tax change in 50 years would involve three possible scenarios: apply the new volume-based tax on beer first; on both beer and makgeolli; or all liquor products -- but give a grace period for other alcoholic beverages except bee
Industry June 4, 2019
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Korean Air succession still under discussion: chairman
The succession of South Korea’s largest air carrier is still under discussion, said Cho Won-tae, the new chairman of Hanjin Group and CEO of Korean Air, on Monday, in an indication of ongoing family differences after his father’s sudden death in April.During a press conference on the sidelines of the annual general meeting of the International Air Transport Association, Cho said his late father had often emphasized the “harmony of the family” and that he was still in disc
Industry June 3, 2019
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Global air carriers gather in Seoul for IATA annual general meeting
An annual meeting of the world’s largest organization for air carriers kicked off Sunday for the first time in Seoul, bringing some 1,000 market leaders from 290 air carriers together to discuss the future of air transport under the theme “The Vision for the Future.”Dubbed the aviation industry equivalent of a United Nations gathering, the two-day event surrounding the International Air Transport Association’s 75th annual general meeting will cover topics ranging from the
Industry June 2, 2019
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Busan, Changi Airport Group sign MOU for expanded air transport
BUSAN -- Busan Metropolitan City and Singapore’s Changi Airport Group on Friday signed a memorandum of understanding to increase the air transport volume between Busan and Singapore and strategically support trade, business and tourism. The partnership between Busan and Changi Airport comes as South Korea’s low-cost carriers Eastar Jet, Jeju Air and Singpore’s SilkAir were licensed in February with traffic rights for the Singapore-Busan route, officials said. SilkAir
Industry May 31, 2019
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[Herald Interview] Korean aviation market important, but has room for regulatory improvement: IATA CEO
Although the South Korean aviation market has strength as a transport hub, contributing $47.6 billion to the country’s GDP with 838,000 people working in the industry, the director general and CEO of the global airlines association noted there is still scope for growth if regulations are brought in line with global standards.Alexandre de Juniac, director general and CEO of the International Air Transport Association, is in Seoul for IATA’s 75th annual general meeting and the World Ai
Industry May 30, 2019
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[Herald Interview] Alcantara aims to partner with more Korean firms, lifestyle brands: CEO
TOKYO -- For fashion companies in South Korea, switching to sustainable fabrics remains a far-off goal. While the concept is not unheard of, local consumers don’t yet have enough options to choose from compared with consumers in North America and Europe. Yet even here in Korea, the high-quality leather substitute developed by Italian luxury fabric maker Alcantara S.P.A. is a familiar presence – well known as a covering for Lamborgini seats and for Microsoft’s Surface lapto
Industry May 29, 2019
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Hyundai Motor delivers Nexo to Malaysia’s energy supplier
Hyundai Motor’s hydrogen fuel cell electric vehicle Nexo has been delivered to a Malaysian public energy company, the automaker said Tuesday, as part of its plan to expand into the Southeast Asian market with its eco-friendly model. According to Hyundai Motor, two Nexo cars have been delivered to Sarawak Energy Berhad, a state-run energy supplier, during the opening ceremony for Southeast Asia’s first hydrogen charging station. The ceremony was attended by officials includ
Mobility May 28, 2019
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KT&G goes up against Juul with Lil Vapor
South Korean tobacco manufacturer KT&G began selling its latest e-cigarette, Lil Vapor, Monday, adding to growing competition in the e-cigarette market following the Friday launch of US-based Juul Labs’ vape pen. According to KT&G, Lil Vapor has upgraded the liquid-type e-cigarette by applying “puff signal” technology, which allows the device to tell users how many puffs are left by vibrating. This will be useful for customers who do not notice how much liquid is left i
Industry May 27, 2019
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[Eye on Business] Can Sonokong become a Korean Marvel?
A few years ago, it seemed like nothing could stop Korea’s top toy supplier Sonokong.But alongside a dip in sales, allegations of irregularities and aggressive marketing dented the company’s image.Now back in the black and armed with a partnership with Mattel, the company is trying to replicate its domestic success overseas, but it remains to be seen if its turnaround can gain momentum.The company’s toys -- ubiquitous in Korea -- range from the megahit transformation car-robots
Industry May 26, 2019
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Toyota joins SUV competition with all-new RAV4
Toyota has strengthened its lineup by launching the all-new RAV4 in South Korea to meet the growing demand for sport utility vehicles. With RAV4, short for Robust Accurate Vehicle 4 Wheel Drive, is Toyota’s first fully changed model in six years and the Japanese carmaker aims to hit a monthly sales target of 3,000 units, officials said during a launch event Thursday.“The all-new RAV4 was developed to offer the joy of driving in any given environment,” said Toyota Korea Presiden
Mobility May 26, 2019
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Diageo Korea introduces fully paid family leave for employees
Diageo Korea, the South Korean unit of the liquor maker, said Friday it will offer fully paid family leave for employees from July. This is in line with the headquarters’ global family leave policy, introduced as part of efforts to become a leading employer in the area of gender equality in the workplace and to create a more inclusive corporate culture, according to the company. Both female and male employees will benefit from paid family leave of up to 26 weeks and four weeks.&
Industry May 24, 2019
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[Eye Plus] Green magic blooms in heart of Seoul
Farming in the densely populated city of Seoul is nothing new. Many urban farmers make use of vacant spaces on top of apartment buildings, schools and public buildings to grow vegetables. Some rent privately owned spaces to start their own green experiments. As of 2017, Seoul had 170 hectares of these farms, about the size of 238 soccer fields combined. In 2011, the figure was 29 hectares. The Seoul Metropolitan Government is a key backer of this growing urban farming trend.Earlier this year, it
Industry May 24, 2019
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Hyundai Motor heir stresses customer-first value, partnerships with mobility firms
Hyundai Motor Group Executive Vice Chairman Chung Eui-sun has vowed to bring the focus back to customers and stressed that the group’s future success lies on building firm partnerships with global mobility companies. The remarks came during an event by Carlye Group as part of its annual conference, which invites the world’s political and business leaders to share insights. Chung had been invited to share his thoughts and priorities for the world’s fifth-largest automaker.&
Mobility May 23, 2019
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US e-cigarette brand Juul lands in Korea
Despite government efforts to curb smoking, the tobacco industry here and abroad has been advancing with new innovative products, the latest being US e-cigarette maker Juul Labs that formally launched here Wednesday.Juul claims that that its vape pens will hit the local market Friday, challenging the tobacco market here which has recently been led by heat-not-burn tobacco devices. It is the American startup’s first Asia-Pacific entry since it was launched in 2017.In the US, Juul acco
Industry May 22, 2019
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Kia prepares for grand entry in India
Kia Motors, South Korea’s second-largest carmaker in terms of sales, has been pushing forward to successfully enter the Indian market in the latter half of this year.It has been conducting various marketing activities including a large-scale dealer event by inviting them to Korea.The automaker said the event was part of its efforts to raise brand awareness among Indian customers. Local car dealers from India pose for a photo during a Kia Motors’ event in Seoul on March 13. (Kia Motors)Some 120 I
Mobility May 20, 2019
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