Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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North Korea fires several short-range ballistic missiles into sea: JCS
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Korean, Romanian leaders discuss defense tech, nuclear energy
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Samsung, SK hynix investors dump shares on Nvidia crash
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[Newsmaker] LX Hausys enters race for top furniture maker Hanssem
LX Hausys, formerly LG Hausys, which specializes in windows and interior materials, has entered the race to acquire South Korea’s top furniture maker Hanssem. The company, which is part of LX Group – a new entity that was separated from LG Group earlier this year, is the latest to show interest in buying a controlling stake in the firm, following other retail giants including Lotte, according to multiple reports. For its bid, LX Hausys will be joining a private equity fund set up
Sept. 7, 2021
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Malaysia’s largest Halal show to kick off on Sept. 9
Malaysia will present halal products to the global audience at the upcoming Malaysia International Halal Showcase, or MIHAS, set to kick off Thursday. “We truly believe that small and medium sized Malaysian brands have the potential to become Halal champions. Through MIHAS we hope to facilitate the sourcing and selling of quality halal consumables, products and services globally,” said Dr. Halim Mohammad, the chairman of Malaysia External Trade Development Corp. during an online me
Sept. 6, 2021
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SPC Group to open 18th Shake Shack in Hongdae
SPC Group will open its 18th Shake Shack store in the bustling Hongdae district in Seoul in September, the company said Friday. While the store is currently under renovation, Shake Shack has decorated the fence around the store with a colorful mural by media artist Vakki depicting burgers and milkshakes in an “urban playground,” SPC said. Shake Shack has featured similar art on the fence of every one of its stores across the country. To celebrate the opening of the Hongdae bran
Sept. 3, 2021
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Facing criticism over racism, Japanese cosmetics firm DHC pulls out of S. Korea
Japanese cosmetics firm DHC announced on Thursday that it was withdrawing its business from South Korea later this month amid growing criticism over the company’s racially discriminatory stance against Koreans. In a statement on its website, DHC Korea said it had strived to satisfy customers with great service and products but “regrettably decided to end its operation in South Korea.” The closure of the business is scheduled for Sept. 15, nearly 20 years after it entered the
Sept. 2, 2021
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Korean food catering company Our Home expands to the United States
South Korean food catering service provider Our Home will run a cafeteria for the United States Postal Service, becoming the first Korean firm to clinch a deal from a US public institution. The company said Wednesday that its US branch won a bid to operate a cafeteria in the institution’s processing and distribution center in Los Angeles. The 1,421 square meter facility will open by the end of this month and operate for 24 hours every day. The USPS is a public institution that oversee
Sept. 1, 2021
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Amazon Global Store launches in Korea
Global online retailer Amazon and South Korean e-commerce platform 11st launched the Amazon Global Store on 11st on Tuesday. The move has made it easier to buy tens of millions of products available on Amazon’s US website, ranging from PCs, toys and fashion to electronics, with free shipping on orders over 28,000 won ($24). Though the service has been in operation in 12 other countries, it marks the first time Amazon is working with a local company for the launch. It also makes 11st the
Aug. 31, 2021
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Online orders flood in for Jincheon store after county accepts Afghan evacuees
A Jincheon-based online store has temporarily suspended taking new orders after a drastic surge in orders following the county’s decision to accept Afghan evacuees. In a statement released on the website Sunday, JC Mall said its order volume had jumped “more than twentyfold” since Friday, compared with other weekends. Its increased popularity comes after hundreds of evacuees from Afghanistan were admitted to the Leadership Campus of the National Human Resources Development I
Aug. 30, 2021
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Government to bring back cashback scheme for food delivery service amid fourth wave
The government is set to bring back its cashback scheme for food delivery services next month to soften the blow from the fourth wave of COVID-19. Consumers will receive 10,000 won ($8.60) back for every four orders made on delivery apps worth 20,000 won each, according to the Ministry of Economy and Finance on Sunday. The scheme is expected to take effect sometime before the Chuseok holiday next month to help boost spending in the hospitality industry. With some 20 billion won set aside for
Aug. 29, 2021
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Ikea Korea says won’t raise prices in next 12 months
Ikea Korea will not raise product prices in the next 12 months, sticking to its policy of offering quality products at low prices, the Swedish furniture giant’s Korean unit said Thursday. Holding an online press conference, the firm also revealed that in the fiscal year ending this month, it has seen a 23 percent jump in consumer visits to both online and offline stores but sales growth stood at a disappointing 3.4 percent. In the previous fiscal year, the company had reported about 30 p
Aug. 26, 2021
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Hyundai Livart introduces Giorgetti, expands luxury furniture
Hyundai Livart, a furniture brand under Hyundai Department Store, is introducing a luxury Italian furniture brand to South Korea, as it bids to expand into the luxury segment. The company said Wednesday it is opening a showroom for Giorgetti at two Hyundai Department Stores -- the Trade Center branch in Samseong-dong and Pangyo branch in Gyeonggi Province -- on Thursday. Some 50 products from the Italian brand, ranging from chairs, tables and sofas to kitchenware, will be made available at
Aug. 25, 2021
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Robots to fry chicken at Kyochon
Kyochon F&B, the firm behind South Korea’s biggest fried chicken franchise Kyochon Chicken, is deploying chicken-frying robots, the company said Tuesday. According to Kyochon, the first such machine has started work at one of its franchise stores in Songdo, Incheon. Kyochon double fries its chicken to create a unique crisp texture, and the robots will take charge of the second act, the firm said. Developed jointly with Doosan Robotics, the machine is a cooperative robot that can
Aug. 24, 2021
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Namyang Dairy chairman breaks pledge to resign, paid W808m in H1
Namyang Dairy Products Chairman Hong Won-sik, who pledged to resign from the top post of the dairy firm due to a scandal in May, turns out to have reversed the decision to maintain his post, the company’s half-year report showed Thursday. According to the report, Hong remains registered as the chairman of the company as a full-time employee, and he was paid a total of 808 million won ($682,685) in the first half of this year. On May 4, Hong publicly announced he would resign after the
Aug. 20, 2021
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From yachts to diamonds, convenience stores take Chuseok gifts up a notch
With the Chuseok fall harvest holiday just about a month away, convenience stores are rolling out some of the most unexpected luxury gift sets to attract customers. On Tuesday, CU, a leading convenience store chain here, said it is presenting some 500 Chuseok holiday gift sets in 16 product categories, including yachts and imported cars. BGF Retail, the firm behind the convenience store chain, said it is rolling out six different Bavaria brand yachts from Hyundai Yachts, with prices varying
Aug. 17, 2021
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GS Retail-led consortium acquires No. 2 delivery app, Yogiyo
A consortium led by GS Retail Co., the supermarket operating unit of GS Group, has acquired Yogiyo, the No. 2 online food delivery app in South Korea, for 800 billion won ($684.3 million), the retailer said Friday. The consortium, including Affinity Equity Partners and Permira, has reached the deal with Germany's Delivery Hero for the acquisition of a 100 percent stake in Yogiyo, according to the retailer. GS Retail said it will take over 30 percent of the share worth 240 billion won and pay
Aug. 13, 2021
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Fears over milk price hike as inflation pressure mounts
Upward pressure is growing on retail milk prices, following an increase in the price of raw milk this month, but the government seeks to delay the price hike until the end of this year amid rising inflation. In July last year, the Korea Dairy Committee decided to raise the price of raw milk by 21 won to 947 won per liter starting this month, according to industry sources. The retail price of milk has yet to increase, but consumers will not learn until later this month, which is when major dai
Aug. 12, 2021
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Delivery workers will take a break from Aug. 14-16.
Parcel deliveries will not be made from Saturday to next Monday to give delivery workers a break, following calls last year to improve the working conditions of delivery workers. According to industry officials Thursday, four major logistics companies – CJ Logistics, Lotte Logistics, Hanjin Transportation and Logen -- agreed to have Saturday, Aug. 14, as a “no parcel day,” allowing delivery workers a three-day holiday until next Monday. Monday has been designated as a subs
Aug. 12, 2021
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Samyang Ramen gets facelift in taste, packaging design
Confectionary maker Samyang Foods is revamping its flagship instant noodle product Samyang Ramen to celebrate the firm’s 60th anniversary. According to the company Wednesday, various recipe changes were made to Samyang’s signature ramen to enhance flavor and texture. It increased vegetable contents by 30 percent in the seasoning powder, added beef flakes to enhance the product’s signature flavor, as well as renewed the dried noodles for a chewier texture. The spicier versio
Aug. 11, 2021
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Shinsegae to open new store in Daejeon
Shinsegae Department Store will open a second branch in Daejeon on Aug. 27. At 284,224 square meters, it is to be the brand’s third-largest store in South Korea. The new location, called Shinsegae Art & Science, will consist of a department store and the 193-story Shinsegae Expo Tower, furnished with an aquarium, science exhibition spaces, a multiplex cinema and an indoor sports theme park. The tower will also feature a five-star hotel called “Onoma.” It is to be
Aug. 10, 2021
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Chanel Korea apologizes for personal data leak
The South Korean unit of French luxury brand Chanel has apologized after a recent cyberattack in which hackers leaked customers’ personal data. In a statement on the website on Sunday, the company said it had learned that the personal information of some customers from its membership database for the Fragrance and Beauty division-- including names, birth dates, phone numbers and shopping histories -- had been breached last week. Their payment information, IDs and passwords were not leake
Aug. 9, 2021
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[Feature] Plastics pile up amid food delivery boom
Food delivery apps such as Baemin and Coupang Eats have brought us great comfort in this pandemic, as months of social distancing and restrictions on business hours left us with little choice. But as the market nearly doubled to 17.38 trillion won ($15.22 million) in South Korea last year, with 27 million monthly users and 120,000 riders according to Statistics Korea and the Fair Trade Commission, plastic waste has also increased considerably. In one Facebook group for people trying to avoid
Aug. 8, 2021