Most Popular
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Tensions heighten ahead of first president-opposition chief meeting
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[KH Explains] No more 'Michael' at Kakao Games
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Yoon, Lee end first talks with differences, agree to meet more
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Woman gets suspended term for injuring boyfriend with knife
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China outpaces Korea in smaller OLED shipments for 1st time
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What is Hybe’s next move?
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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Samsung chief bolsters ties with Germany’s Zeiss
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Samsung Electronics Q1 operating profit soars; chip biz returns to profit
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Pulmuone mulls suing striking truckers
The feud between management and truck drivers at Pulmuone, South Korea’s mid-weight food maker, has worsened over the Chuseok holiday as the four-week strike has turned into a legal battle. According to Pulmuone, the company is seeking damage compensation from about 40 truckers who have allegedly inflicted about 1 billion won ($835,000) worth of damage in the course of protests in front of the company’s logistics center in Eumseong, North Chungcheong Province, since Sept. 4. The company also cla
Sept. 29, 2015
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Starbucks Korea to give out coffees to 560,000 soldiers
Starbucks Coffee Korea employees attend a promotional campaign to provide free coffees to soldiers. Starbucks Coffee KoreaStarbucks Coffee Korea on Tuesday said it will reward all military soldiers with free coffee as a token of appreciation for their patriotism. “Anyone who identifies themselves as military soldiers along with a coupon distributed at the military camp will be given a cup of tall-size ‘Today’s Coffee’ at any Starbucks outlet in the country,” the company said. The coupon is valid
Sept. 29, 2015
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Hyundai Heavy sells stocks for cash
Hyundai Heavy Industries is actively selling off stakes in companies to secure more cash and offset losses from poor sales and ailing offshore plant business.Hyundai Samho Heavy Industries, HHI’s affiliate, reportedly sold 1.3 million shares in steelmaker POSCO for more than 226 billion won ($189.2 million). The figure is not even half the price it purchased initially -- 730 billion won. With the sell-off, HHI has sold its entire stake in POSCO. Hyundai Mipo Dockyard, another HHI affiliate, sold
Sept. 29, 2015
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[Herald Interview] Korea seeks more roles in wild-land fire control
The Korea Forest Service and Gangwon Province will jointly host the sixth International Wildland Fire Conference at Pyeongchang from Oct. 12 to 16.The international conference was established when old ways of fire prevention became insufficient to deal with the frequent and intense fires happening worldwide due to climate change, and awareness increased on the need to exchange academic information through international assistance.“It is the first time that this conference is held in Asia, and it
Sept. 29, 2015
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S. Korean firms' business sentiment in China sinks in Q3
Business confidence of South Korean firms in China dropped in the third quarter of this year, hit by sluggish sales as the Chinese economy is cooling down. The quarterly business survey index of about 230 South Korean firms, an indicator of their outlook for the coming quarter, was 90 in the third quarter, compared with 116 in the second quarter, said data released by the Beijing unit of the Korean Chamber of Commerce and Industry on Tuesday. A reading above 100 means the number of companies for
Sept. 29, 2015
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October biz outlook turns bullish: poll
A majority of companies in South Korea are upbeat about business conditions for next month due to a U.S. interest rate freeze and other favorable factors, a poll showed Tuesday. According to the survey conducted on the country's top 600 companies by the Federation of Korean Industries, the business survey index for October stood at 101.2A reading above 100 means companies that are optimistic about business conditions down the road outnumber pessimists.After peaking at 103.7 in March, the figure
Sept. 29, 2015
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Foreign ownership of Samsung Electronics falls below 51 pct
Foreign ownership of Samsung Electronics Co. has dropped below the 51 percent level for the first time in 14 months, market data showed Tuesday, as offshore investors continue to sell its shares due to a bleak earnings outlook.Foreign holdings of Samsung Electronics shares came to 50.76 percent as of Friday, marking the first time since July 18 last year that the figure has fallen below the 51 percent level, according to data by the Korea Exchange.Foreign ownership of Samsung, the top-cap compan
Sept. 29, 2015
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Yuhan-Kimberly leads flexible work culture
Yuhan-Kimberly, the country’s leading producers of tissue and personal care products, continues to evolve its flexible work culture in order to enhance productivity and competitiveness. Yuhan-Kimberly employees work in an open-plan office at the firm’s headquarters in Seoul. (Yuhan-Kimberly)The company has adopted what it calls a “Smart Work” approach since 2011, offering its employees the freedom to choose their working time and locations with the responsibility to meet business needs. “A growi
Sept. 24, 2015
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[Herald Interview] 'Organic consumers have good diet habits’
Organic food is not necessarily healthier than its conventional counterpart in terms of positive ingredients, but its consumers have a healthier diet and are trained to eat better, according to the head of the world’s top organic food body. Gerold Rahmann, president of the International Society of Organic Agriculture Research“Organic is not about a product’s quality system but a process quality system,” said Gerold Rahmann, president of the International Society of Organic Agriculture Research,
Sept. 24, 2015
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Kumho Asiana Group buys back Kumho Industrial
Kumho Asiana Group chairman Park Sam-koo signed a deal to buy back controlling stake in the de facto holding firm of the group from creditors for 722.8 billion won ($605.96 million), six years after he lost control. The group announced Thursday that it entered into a stock purchase agreement to acquire Kumho Industrial -- the key firm of the group’s governance structure -- after a months-long tussle over the sale price with creditors. The creditors initially proposed 1.2 trillion won for the tak
Sept. 24, 2015
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Foreign investors expected to visit Gaeseong complex next month
Foreign investors are highly likely to visit North Korea‘s industrial complex located in the border city of Gaeseong on Oct. 15 to look for investment opportunities, Invest Korea said Thursday. The nation’s investment promotion agency under the wing of KOTRA said it has pushed for the visit as a sideline event of its annual foreign investment promotion event, called Investment Week, which is to be held between Oct. 13 and 15 at the Grand InterContinental Seoul Parnas. “The on-site visit o
Sept. 24, 2015
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Korea blasts Japan over steel pricing
Korea has urged Japan to take action on the growing dumping of structural steel beams from the country, seeking to “settle the issue peacefully,” officials said Thursday.The issue was discussed at the 16th Korea-Japan Consultative Meeting on Steel Products held in Seoul.The Industry Ministry expressed its concerns over alleged unfair pricing of imported steel from Japan to its Japanese counterpart, they said.“The conference served as an opportunity for the two countries to have a candid discussi
Sept. 24, 2015
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Hanwha to hold fireworks festival early next month
Hanwha Group will host the 13th Seoul International Fireworks Festival at the Hangang River Park in Yeouido, Seoul, on Oct. 3. The festival, hosted jointly by broadcast station SBS and sponsored by Seoul City and the Korea Creative Content Agency, is one of Hanwha Group’s major social philanthropy activities. Fireworks teams from the United States, the Philippines and Korea will attend and set off over 100,000 fireworks in the night sky.There will also be firework barges installed between Mapo B
Sept. 24, 2015
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LX shows off future of territory data services
The Korea Land and Geospatial InformatiX Corp., or LX, attended the Smart Geospacial Expo 2015 held at The K-Hotel in Yangjae-dong, southern Seoul, from Sept. 15 to 17, officials said.LX ran a “Korea Land and Geospatial InformatiX Corporation Content Promotion Hall” at the expo and displayed the progression of Korea’s changing landscape over the past 40 years through satellite images, and a hypothetical plan on land distribution in case of reunification.Other contents included technology that di
Sept. 24, 2015
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[Herald Interview] The Body Shop looks to bolster skin care lineup
The Body Shop Korea general manager Oh Mi-Kyung (The Body Shop Korea)U.K.-based natural cosmetics firm The Body Shop is looking to bolster its skin care product lineup, which is expected to help the body care-focused company expand its presence in South Korea’s highly developed cosmetics market. “The Body Shop’s latest strategic focus is skin care, which has been seeing higher than expected sales, as shown through the popularity of our iconic products like the Tea Tree Oil and the Drops of You
Sept. 24, 2015
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Mister Pizza advances into cosmetics business
Mr. Pizza Korea Group on Wednesday said it has acquired 80 percent of cosmetics maker Hangang InterTrade for 22.8 billion won in order to seek business opportunities in the burgeoning cosmetics industry. Hangang InterTrade imports foreign brands Kiss Me, CANMAKE, Rose of Versailles, Green Land, and produces make-up brand Elizabeth through licensing. It also sells K-Palette. The company has marked 16.6 billion won in sales in the first half. The pizzeria operator said it will seek joint market
Sept. 24, 2015
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Danahan launches Youthberry line
Cosmetics brand Danahan launched its skincare line, “Youthberry,” made with flowers of 4-year-old ginseng. The toner, lotion, essence, balm and cream made with the youth flower and its extract Youthberry helps skin remain balanced -- between moisturized and oily -- improves wrinkle-removal as well as whitening. The saponin contained inside red-ginseng also helps revitalization, the company said. The products are made with homegrown ginseng, harvested by Korean Ginseng Corp. farmers. The pric
Sept. 24, 2015
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Lafuma launces Explorer travel jacket
Outdoor fashion brand Lafuma launched Explorer travel jacket, an infused waterproof jacket with a padding vest. The “3-in-1” jacket is made with LXT Hydro Tech textile, which was developed by Lafuma, and can sustain the volatile autumn weather, the company said. The jacket has a pocket for passport, smartphone, credit cards and others. The hood of the jacket can be detached and styled differently according to the way one folds the placket. The Lafuma Explorer travel jacket is priced at 350,
Sept. 24, 2015
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Lotteria to open in Laos
Fast-food restaurant Lotteria signed a franchising pact with Lao company, Soxay Chaleun Group, to make inroads in ASEAN countries. The company aims to open 20 outlets in Laos, starting with the first one in early next year. “Laos is a country with 7.7 percent-growth rate but there aren’t many global dining brands there, which makes the future bright,” a Lotteria spokesman said. Lotteria already has 212 outlets in Vietnam, 34 in Indonesia, 18 in China, eight in Myanmar, three in Cambodia and tw
Sept. 24, 2015
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Iittala opens cafe in DDP
The Finnish lifestyle brand Iittala opened a café inside the Dongdaemun Design Plaza in central Seoul, where people can enjoy the brand’s beverages and deserts. Beverages served include Americano served in Teeam cup to latte in Teema mug. People can also enjoy browsing tableware, fabrics and interior goods at the café. Those who return the beverage receipts will be given souvenirs. By Bae Ji-sook (baejisook@heraldcorp.com)
Sept. 24, 2015