Most Popular
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Korean industries gauge impact of Biden's steep tariffs on China
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Do Korean doctors make too much money?
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Another suspect behind murder of Korean tourist in Pattaya arrested in Cambodia
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Coupang's Kim Bom escapes chaebol chief designation again
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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CIO chief nominee to explain allegations at confirmation hearing
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Yoon vows to run country 'rightly' on Buddha's birthday
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[Bridge to Africa] S. Korea-to-Zimbabwe value chains can foster ‘win-win’ cooperation
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Steel imports down for 2nd straight month in Oct.
South Korea's steel imports dropped for the second straight month in October as demand for Japanese products declined, industry data showed Friday.According to the data provided by the Korea Iron and Steel Association, South Korea's steel imports shrank 1.4 percent on-year to 1.98 million tons in October. This followed a 9.9 percent on-year fall tallied in the previous month.Imports from Japan dropped 3.3 percent to about 640,000 tons, which accounted for 32.1 percent of the total. Those from Ch
Nov. 13, 2015
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Hanjin chair, executives donate W3b to youth job fund
Hanjin Group chairman Cho Yang-ho and company executives donated 3 billion won ($2.6 million) to the Youth Hope Fund on Thursday, company officials said. Cho donated 2.2 billion won while the eight executives collectively donated 800 million won.The Youth Hope Fund, proposed by President Park Geun-hye in September, is a fund intended to create jobs and training programs for youths. Hanjin Group chairman Cho Yang-hoCompany officials said they decided to donate so that young people would not lose
Nov. 13, 2015
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Spurned Lotte’s eldest son sues exec
Shin Dong-joo, the spurned eldest son of Lotte Group founder Shin Kyuk-ho on Thursday said he has sued an executive of Lotte Japan.Shin Dong-joo, currently the head of SDC Corp., held a press conference at Peninsula Hotel in Tokyo to announce that he has filed a damage suit against Takayaki Sukuda. SDJ chairman Shin Dong-joo Dong-joo said the executive had fed his father false or exaggerated facts about him to sully his reputation and ultimately cost him his job. “I cannot say the exact amount
Nov. 12, 2015
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Adidas launches ClimaHeat down jackets
Leading sportswear brand Adidas has launched its ClimaHeat collection, an array of performance down jackets designed to trap heat and withstand the cold and wind.The ClimatHeat down jacket, Adidas’ latest ClimaHeat project, is made with high-quality goose down and manufactured in a way that minimizes the loss of heat. The Terrex ClimaHeat Techrock Jacket is also made with a special, stretchy material to enhance the jacket’s warmth and endurance. A number of similar jackets are now available in t
Nov. 12, 2015
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WeMakePrice begins major cosmetics sale
WeMakePrice, one of South Korea’s biggest social commerce platforms, is holding its “9th Beauty Fair” until Monday, offering discounts of up to 84 percent on a range of cosmetics.A limited number of a select products will go on sale at a significantly low price at 10 a.m. every day. The e-commerce giant is also offering a buy one, get one free event on a number of skincare items.Meanwhile, “Got Box,” beauty boxes featuring a selection of popular cosmetics from brands including Maybelline, L’Orea
Nov. 12, 2015
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E-mart Peacock gains footing in packaged food market
E-mart’s own packaged food brand Peacock is fast gaining firm footing in the nation’s home meal replacement market, its latest sales data showed Thursday. Following its launch two years ago as Shinsegae Group vice chairman and heir apparent Chung Yong-jin’s pet project, its sales reached 68.3 billion won ($59.2 million) in the first 10 months this year, up 55.2 percent from the same period last year, the company said.Peacock now makes up more than 10 percent of packaged food sales at E-mart, a S
Nov. 12, 2015
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Uniqlo launches extra warm Heattech wear
Uniqlo has launched an upgraded version of his signature Heattech performance wear, which boasts extra warmth and flexibility in comparison to the original.The extra warm Heattech products are able to trap heat 1.5 times better than the original Heattech garments. The quality of the fabric has been improved for a softer and smoother touch as well. Uniqlo particularly recommended that people who have to spend a long time in the cold during winter can make great use of extra warm Heattech goods.Me
Nov. 12, 2015
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Suecomma Bonnie eyes new Chinese markets
Local fashion brand Suecomma Bonnie — established under Kolon FnC, Kolon’s fashion unit — presented its designs and latest products at a fashion presentation in Shanghai last week.Through the presentation, the firm is looking to better propagate its unique designs to potential Chinese investors. As the brand expands its global presence, Kolon is looking to rack up 100 billion won ($86.50 million) in sales over the next five years.Last year, Suecomma Bonnie sealed an exclusive license with Chines
Nov. 12, 2015
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VOV, fashion designer launch makeup collection
Voice of Voices, better known as VOV, has collaborated with fashion designer Kwak Hyun-joo to launch its new holiday makeup collection.VOV, a makeup brand under LG Household and Healthcare, has launched a four-color eyeshadow palette, a glow metal CC cushion, a multifunctional lip tint, a waterproof pencil eyeliner as well as a multi-cushion pen.The palette is suitable for a gradation-based eye makeup while the CC cream is able to retain moisture for a brighter skin all day long. The range’s so-
Nov. 12, 2015
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Galleria to showcase Patek Philippe
Galleria Department Store in Seoul will hold an exclusive exhibition of Patek Philippe’s latest luxury watches until Sunday.The exhibition is taking place in Seoul as part of the “2015 Patek Philippe World Tour,” which selects 20 countries around to world to showcase its classic collections and latest models, set to be presented at Baselworld 2016, an international watch and jewelry trade show in Switzerland.Galleria will showcase Patek Philippe’s Grand Complications watches, priced between 100
Nov. 12, 2015
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Lotte to open duty-free store in Japan next year
Lotte Duty Free said Monday it would open a new branch in Ginza, Tokyo next year, a popular destination for tourists, particularly Chinese, to bolster its global presence. The company expects the duty-free shop to rack up around 200 billion won ($180 million) in annual sales by 2017, upon its opening next year, by attracting foreigners visiting Tokyo’s representative downtown district. Lotte is also looking to launch two more duty-free stores in 2017, one in Tokyo and another in Osaka, and more
Nov. 12, 2015
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Foreign beauty brands cost more in Korea
A local consumer advocacy group has recently confirmed the long-held rumors that foreign cosmetic brands charge Korean customers more than other overseas markets.The Consumers Union of Korea studied 65 major cosmetic brands sold in the U.S., the U.K., France, Germany, Japan and Korea from July 1-20 and found that the price of items sold at Korean department stores were on average 1.02-1.56 times higher than abroad. Products at drugstores were 1.11-2.46 times the average price in other countries.
Nov. 12, 2015
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41 years on, Choco Pie still evolving
Everyone has a snack that holds a special place in their heart. For many Koreans, it’s the Orion Choco Pie. More than 18.3 billion of the chocolate-coated, marshmallow-filled cake sandwiches have been sold since 1974 around the world, from South Korea to Russia, China and Vietnam. “If you pile them, you could cover the globe 32 times,” said Shin Hyun-mi, an Orion spokeswoman. In its iconic TV commercial, Choco Pie represents “Jeong,” the idiosyncratic Korean emotion depicting inexplicable amiabi
Nov. 12, 2015
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AmorePacific, LG Household resolve patent dispute
Korean cosmetics giants AmorePacific and LG Household & Health Care on Thursday said they would share patents while dropping all litigations against each other. In particular, the deal will allow LG to use AmorePacific’s patented global smash-hit cushion foundation techniques while AmorePacific will be able to use LG’s patented tooth-bleaching patch manufacturing techniques. “The two companies decided to acknowledge nonexclusive rights on patented cosmetics and lifestyle goods between themselves
Nov. 12, 2015
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Boud bags CES Innovation Award
Korean design company Boud announced Thursday that it has bagged the CES 2016 Innovation Award in the Digital Imaging Category for its PIC product.The award winners are acknowledged for their innovative design and engineering in tech products and services in the market. PIC is the world’s first lifestyle camera that boasts a unique design -- users can use the camera at any angle because of its flexible handle, and it can be used without any holders or mounting kits. PIC Camera. Boud“We are excit
Nov. 12, 2015
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AmorePacific joins Seoul Lantern Festival
AmorePacific is attending this year’s Seoul Lantern Festival, held from Nov. 6-22, with its GREENCYCLE recycling campaign and an artwork display.The company’s GREENCYCLE campaign is an environmentally friendly event that recycles and upcycles cosmetics containers. AmorePacific opened a GREENCYCLE art gallery earlier this year, displaying art pieces made from used containers.AmorePacific will also display a lighted artwork at the Seoul Lantern Festival 2015, which includes an emblem commemorating
Nov. 12, 2015
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[Photo News] Hyosung Smile Expedition in Vietnam
HYOSUNG SMILE EXPEDITION IN VIETNAM - Hyosung‘s medical volunteer group “Hyosung Smile Expedition” offer free medical services to residents in a village in Dong Nai province, Vietnam from Nov. 8 to 14. The Hyosung Smile Expedition has been running since 2011. Hyosung
Nov. 12, 2015
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SK hynix to emerge as No. 4 chipmaker: data
South Korean chipmaker SK hynix Inc.is expected to emerge as the world's No. 4 player this year, marking a two-notch rise from last year, data showed Thursday, narrowing its gap with market behemoths -- Intel Corp. and Samsung Electronics Co.SK hynix is anticipated to rake in $16.9 billion in sales this year, up 4 percent from a year earlier, according to the data compiled by industry tracker IC Insights.The figure includes all chip segments from dynamic random access memory to system large scal
Nov. 12, 2015
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Local fashion brand Courri boasts quality, design and affordability
Women’s clothing brand Courri (www.courri.com) is increasing its profile in the world fashion market, thanks to designs by Courri head Hwang Yoo-na and the technical skills of Seoul’s dressmakers.“In addition to the exquisite clothing that Hallyu stars wear, toned down naturalness is also a typical fashion style in Korea,” said cofounders Oh Jung-gun and Hwang Yoo-na.Courri’s design and production all take place in Korea. The products are crafted with fabrics sourced from the Korea Textile Expo,
Nov. 12, 2015
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Asiana's plan to launch 2nd budget carrier runs into opposition from rivals
Asiana Airline Inc.'s plan to launch its second budget carrier has run into opposition from rivals, who warned against excessive competition, industry and government sources said Thursday.According to industry insiders, several airlines filed formal objections on the creation of Air Seoul, citing safety concerns and the impact on the already oversaturated market. Asiana already jointly operates Air Busan with the city of Busan.The Ministry of Land, Infrastructure and Transport formally announced
Nov. 12, 2015