Risks stemming from South Korea’s investor debt binge is a key reason behind the local benchmark stock index’s recent lackluster performance, analysts said Monday. This fueled concerns of a possible market crash as the US Federal Reserve’s aggressive rate hikes have been increasing debt burden on retail investors. “Following the outbreak of the COVID-19 pandemic, Korea saw a sharp gain in househ...

The IB Korea, a beer and liquor importer, recently participated in the Air House Festival, a music fair held in Chuncheon, Gangwon Province, for three days starting June 10. At the event, the IB Korea met with young customers in their 20s, introducing its newly launched cocktail products, Uptown Margarita and Uptown Pina Colada. The two new products are brands from Texas-based distillery and win...

Linus, an application development service provider, has successfully carried out 40 projects for companies across various areas, including analysis of nutrients, multilingual education and luggage delivery. As a startup established in 2019, Linus is a system integration company that creates apps for both Android and iOS, sets up servers and web services and develops machine-learning models and p...

Starbucks Korea has been bolstering its efforts in creating equal job opportunities and giving back to society. The coffee chain, with over 20,000 employees across over 1,600 locations nationwide, has been recognized by the government for providing equal employment opportunities to disadvantaged groups. The Korea Employment Agency for Persons with Disabilities chose Starbucks Korea as an “excel...

Dubbed a self-produced group in the K-pop industry, boy band Seventeen is composed of three units, each focusing on different areas of expertise: vocal, performance and hip-hop. The 13 bandmates have been penning their own songs, and member Woozi is widely known to be the group’s main producer. Holding most of the credit for the band’s discography, Woozi has proven his musical talent through Seve...

Powerful-X Recovery Cream is the nation’s No. 1 sports cream, offered by Powerful-X, a local sports beauty and health care company. Since its launch in 2014, sales exceeded 30 billion won ($23.2 million) in 2017 and its success led to the maker’s stock debut on Konex, a securities exchange for small and medium-sized firms, in the same year. The firm attributed the cream’s huge success to its st...

Seoul Cyber University provides a diverse virtual learning experience for its students. The university recently launched a new production system to provide online lectures of better quality. The new virtual experience system records lectures from multiple perspectives, allowing students to watch clips from all angles on their mobile devices. According to the university, the system is especially...

K-pop band Seventeen embarks on third world tour, ‘Be the Sun,’ with Seoul concerts over the weekend

The engineering and construction division of Samsung C&T Corporation is aggressively entering the eco-friendly energy businesses such as small modular reactors, or SMRs, green hydrogen and ammonia. The Engineering & Construction Division of Samsung C&T recently invested $70 million in NuScale Power, an American SMR company, laying a stepping stone for its SMR business overseas. SMRs are safer c...

Automatic car wash system company Come In Wash first received attention for offering high quality car wash services using an automatic, no-touch, no-brush car wash which was patented in 2019. With increasing market demand and business expansion, Come In Wash has opened its first branch in downtown Seoul on June 10. Located in Samseong-dong, Gangnam-gu, Seoul, it offers a top quality car wash sys...

The trend of having healthy home-cooked meals has driven household goods companies to expand their business into the small home appliances sector. LocknLock, the global food container maker, has introduced Steam Fryer S2, which offers five cooking options -- steam oven, air fryer, grill, toaster and steamer. In particular, its super steam mode cooks food at 130 degrees Celcius and forces superh...

Shinhan Card recently launched debit cards that feature the popular animation character Loopy, targeting “Generation MZ,” a local term combining millennials and Generation Z and roughly encompassing those born from the 1980s to 2010s. “Hilarious Loopy,” an exaggerated version of Loopy’s funny character, went viral across social media and online communities among teens and 20-somethings, promptin...

By Lee Seung-ku ( seungku99@heraldcorp.com )

Yoon to attend Korea-US-Japan meeting on sidelines of the summit