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Families of crowd crush victims hold memorial rally in downtown Seoul
[Seoul Subway Stories] Dongnimmun Station, where memories of heroes are commemorated
[Herald Interview] ‘Nine Fox Gambit’ author highlights history, gender in sci-fi fantasy romance
Nourishing traditions for Jeongwol Daeboreum
The colder the better
[Weekender] Humanlike AI chatbot ChatGPT takes world by storm
Korea Foundation looks for print artists to join Chiang Mai residency program
92 people evacuated as fire breaks out in public bathhouse
Hunter sentenced 1 year, 4 months imprisonment for manslaughter
[Today’s K-pop] Twice to return next month with 12th EP ‘Ready To Be’
S. Korea, US stage aerial drills with stealth fighters
[Herald Interview] Musical producer Shin Chun-soo sets sights beyond Korea
Presidential office sues reporters, ex-spokesman over reports on Yoon, fortune teller
Naver to introduce search GPT in first half of year
SK Bioscience expected to log 70% drop in profit as COVID vaccine demand dwindles
Stray Kids' 3Racha becomes regular members of Korea Music Copyright Association
Ex-justice minister sentenced 2 years for forging kids' admission documents, abuse of power
SNT Dynamics inks automatic transmission deal with Turkey's BMC for tanks
Yoon's state visit to US under discussion: source
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Business
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Retail
Chinese beer imports make strong comeback
Nov 30, 2022
Consumer sentiment thaws toward China, Japan
Retail sales up 7.3% in October on growing outdoor activities
Nov 29, 2022
Retail sales in South Korea grew 7.3 percent on-year in October, as people's outdoor activities and demand for various services grew amid eased antivirus curbs, data showed Tuesday. The combined sales of 25 major offline and online retailers came to 14.66 trillion won ($10.95 billion) last month, compared with 13.7 trillion won a year earlier, according to the data compiled by the Ministry of Tr...
Breaking the glass ceiling: Chaebol groups make breakthrough with female leaders
Nov 27, 2022
A wind of change may be blowing at the nation’s male-dominant corporate culture, with more women getting promoted to take top seats amid year-end reshuffles. LG Group last week tapped two female CEOs to lead its key affiliates – Lee Jung-ae for its retail arm LG Household & Health and Park Ae-ri for its advertising unit G II R. It was the first time not just for LG, South Korea’s fourth-largest...
Victorinox partners with Off-White to roll out limited edition knife
Nov 27, 2022
Swiss watch-to-knife manufacturer Victorinox said Sunday it is collaborating with Italian street fashion brand Off-White to launch a limited edition multi-tool. The limited edition Swiss Army knife is a flagship product of “Equipment,” a special lineup showcased by Off-White in collaboration with South Korean men’s fashion brand Post Archive Faction. The Italian firm had welcomed Victorinox to c...
Retailers brace for gloomy 2023
Nov 22, 2022
Business leaders and experts gathered Tuesday at the headquarters of the Korea Chamber of Commerce and Industry to discuss the current bearings of South Korean retail industries and plans they should undertake going forward. Woo Tae-hee, executive vice chairman of the KCCI, said that according to a survey conducted by the KCCI, "worsening consumer confidence" was chosen by some 300 retail indust...
When gummies, Coke and ice cream become art
Nov 22, 2022
Haribo, Coca-Cola, Haagen-Dazs play host to art exhibitions in Seoul
Losing on home turf: Korea’s kimchi trade deficit returns
Nov 16, 2022
South Korea’s imports of kimchi, a staple of almost every meal, reached an all-time high last month, with soaring ingredient costs driving up prices of domestically made kimchi amid inflation fears. In October, kimchi shipments from overseas surged by 50.9 percent compared to a year earlier to $17.02 million, according to data from the Korea Customs Service. The figure showed a 16.2 percent incr...
Medicube operator eyes IPO on upbeat sales
Nov 15, 2022
APR, operator of Korean street fashion brand Nerdy and dermocosmetics brand Medicube, said Tuesday it posted record-high sales in the third quarter this year. The company’s sales surged on-year by 306 percent to 95 billion won ($72 million) while its net income jumped 81 percent to 12 billion won from July to September. Accumulated sales and income through the third quarter were 269 billion won...
Milk inflation accelerates
Nov 13, 2022
Local dairy companies suffer double whammy of slowing demand, soaring costs
Dairy company Purmil reverses course on business termination
Nov 10, 2022
South Korean dairy company Purmil's announcement of its business termination, which stirred nationwide controversy for unilaterally firing its employees, had been upended as of Thursday. According to a statement from Purmil, the company will be normalizing its business operations but will still downsize 30 percent of its workforce to increase management efficiency. The announcement was made aft...
Coupang turns profitable 8 years after launch of Rocket Delivery
Nov 10, 2022
New York-listed shares soar on upbeat earnings
Homeplus to expand home meal replacement products
Nov 10, 2022
South Korean discount chain Homeplus said Thursday it will combine its home meal replacement and meal kit product lines for the launch of a new brand called “Homeplus Signature Home Meal” to satisfy consumers’ demand for easy-to-prepare, nutritious meals. The new brand will offer high-quality products at reasonable prices, according to the retailer. The product lineup offers hansik, or Korean f...
KT&G debuts all-new heated cigarettes geared with AI
Nov 9, 2022
South Korean tobacco company KT&G unveiled its series of new heat-not-burn tobacco devices equipped with artificial intelligence on Wednesday, with aims to maintain its leading position in the growing domestic electronic cigarette market. The new HNB cigarettes, or electronic devices which heat processed tobacco instead of combusting it to deliver aerosol with fewer toxicants, come in two models...
Popeyes to come back after 2-year hiatus
Nov 9, 2022
Popeyes, a US fried chicken fast food chain, said Wednesday it is returning to the South Korean market in the coming weeks after a nearly two-year hiatus. The chain had ceased operations here in December 2020, citing business difficulties and poor sales as key reasons. Popeyes is set to open its first new location near Gangnam Station in southern Seoul, with employee training starting on Monday...
KT&G to buy back shares worth W350b to boost shareholder returns
Nov 4, 2022
South Korean tobacco company KT&G said Friday it plans to buy back 350 billion won ($245.1 million) of its own shares in a bid to boost shareholder returns. The firm is also considering increasing dividends per share by more than 200 won compared to last year. It is the second share buyback since last year when the company bought back 350 billion won of its shares and paid dividends of some 576...
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Ex-justice minister sentenced 2 years for forging kids' admission documents, abuse of power
[Newsmaker] Free subway rides for seniors: Calls mount to raise eligible age to 70
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No more emergency text alerts for COVID-19 cases
Hunter sentenced 1 year, 4 months imprisonment for manslaughter
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Export slump to continue through H1; inflation to slow in H2: finance minister
Apple Pay can be launched in S. Korea: financial regulator
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US House passes resolution denouncing socialism, N. Korean dictators
Yoon's state visit to US under discussion: source
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Naver to introduce search GPT in first half of year
Stray Kids' 3Racha becomes regular members of Korea Music Copyright Association
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