Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Posco joins Responsible Minerals Initiative
Posco said Thursday it has become the first South Korean steelmaker to join the Responsible Minerals Initiative. The RMI, which was founded by members of Responsible Business Alliance and the Global e-Sustainability Initiative in 2008, is a global consultative group of companies from a range of industries, addressing responsible mineral sourcing in supply chains. About 380 companies, including Apple, Tesla and Samsung Electronics, are members of the initiative. Posco said it will be able to
Industry May 21, 2020
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[Herald Interview] Ocado Solutions in talks with retailers to enter Korea
British grocery e-commerce service provider Ocado Solutions is in talks with major grocery retailers in South Korea to present its advanced automation system, according to its chief executive. Recognizing how Korea has well-developed online consumer habits, it is an exciting market to introduce the Ocado Smart Platform specialized in grocery business, CEO Luke Jensen told The Korea Herald in an exclusive interview. “We are discussing with various players in the (Korean) market, to deter
Consumer May 21, 2020
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Cafe24 joins Facebook’s new e-commerce initiative
Cafe24, a South Korean e-commerce solutions company, said Wednesday it has joined Facebook’s new initiative, “Shops,” as a partner. Facebook announced the launch of Shops on Tuesday to allow small businesses to set up a single online store for customers to access on both its platform and Instagram. Cafe24, which provides solutions to create online stores and related services, such as marketing, and logistics, will be working with Facebook in the social media’s new ini
Consumer May 20, 2020
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[Monitor] Hanwha tops in hiring more permanent workers: report
Among the 33 large business groups in South Korea, Hanwha recorded the highest rate in hiring permanent workers, data from industry tracker Infobigs showed. According to the data analyzing company reports of 33 business groups listed in the stock market in the first quarter, Hanwha Group has 21,064 permanent workers, up 36.68 percent on-year. Hanwha’s defense solutions arm Hanwha Systems was newly listed on the main bourse Kospi in November 2019. Excluding the firm, Hanwha Group’s
Industry May 20, 2020
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Tmon collects W29.1m donations to support rare skin disease patient
Tmon, an e-commerce platform here, said Monday it would deliver 29.1 million won ($23,625) raised from donations to a teenager suffering from a rare skin disease. To mark this year’s Children’s Day – on May 5 -- Tmon said it partnered with Miral Welfare Foundation, a local nongovernmental organization, to start a social donation campaign on its platform for a teenage patient named Park Jun-seo. The 15-year-old patient has been suffering from an unidentified skin disease, in w
Consumer May 18, 2020
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SK E&C wins $7.5m deal to construct PDH plant in Saudi Arabia
SK Engineering and Construction said Monday it has won a construction deal worth $7.55 million for a mega-sized Propane Dehydrogenation plant in Saudi Arabia. According to the South Korean construction company, the project is ordered by the joint venture of its energy arm SK gas and Saudi Arabian Advanced Global Investment Company. SK E&C will be in charge of Front End Engineering Design for the PDH plant and utility and off-site facilities, the company said. PDH is a process to produce
Industry May 18, 2020
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Posco expands support for young adults leaving child shelter
Posco, South Korea’s largest steelmaker said Monday it will expand support for young adults who leave child shelters when they turn 18, to stand on their own feet. Posco’s charity group Posco 1% Foundation has been running “Do Dream” program since 2018, which provides financial aid to the young adults to assist them to build a foundation for self-support. In the past two years, the company said 40 people have benefited from the program. Starting from this year, Posco
Industry May 18, 2020
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White chicken meat enjoys heyday on wellness boom in Korea
There is no doubt that chicken is one of the most-favored meats around the world, but the favorite parts of the meat may vary across cultures. In South Korea, white chicken breast is often less in demand the softer and juicier dark meat of thighs and wings. But in recent years, chicken breast has been experiencing a heyday here, as more people are looking for a healthier protein choice with less fat. Along with increased attention on wellness, the growing dumbbell economy here has also shed
Consumer May 18, 2020
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COVID-19 changes home appliances consumption trend
The outbreak of the novel coronavirus has led to a change in the home appliance consumption trends, with increased popularity of electronics helping household chores and less demand for grooming and beauty-related products, according to the retail industry Sunday. According to Homeplus, a South Korean discount chain, the sales of dishwashers and dish dryers jumped by 36 times in March and April compared to a year earlier. On the list of best-selling products by sales, those machines soared
Consumer May 17, 2020
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Namyang Dairy at center of controversy again for badmouthing rival
Namyang Dairy Products, one of South Korea’s major dairy companies, is again at the center of controversy for allegedly paying professional trolls to disparage a rival company online. After several similar incidents over the past few years, many people have chosen to boycott the firm. Namyang Dairy Chairman Hong Won-sik and six others, including Namyang employees and representatives of a contracted PR agency, are currently being investigated by police and potentially face charg
Consumer May 8, 2020
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Chamisul Fresh’s alcohol content lowered to 16.9%
South Korean liquor maker HiteJinro said Friday it will renew its flagship soju product Chamisul Fresh, lowering the alcoholic content by 0.1 percent to 16.9 percent to match with rival soju brands. Chamisul Fresh is the No. 1 soju brand by sales here. According to the company, the renewed Chamisul Fresh is produced by applying different manufacturing techniques and it will also change part of the package design, to add Environmental Product Declaration mark issued by Korea Environmental Ind
Consumer May 8, 2020
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Posco promotes construction steel brand Innovilt as next-generation product
South Korean steel giant Posco said Thursday that it would focus all its capabilities on fostering its new construction steel brand, Innovilt, as its next-generation product. To that end, the company said it would cooperate with small but strong companies to advance its premium construction steel business, and that it ultimately hoped to establish a new ecosystem in the construction market. Posco launched Innovilt in November 2019. The construction steel brand is used in architectural struc
Industry May 7, 2020
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KT&G donates COVID-19 test kits worth W100m to Indonesia
South Korean tobacco giant KT&G said Wednesday that it had donated 100 million won ($81,780) worth of COVID-19 test kits to Indonesia, where it has a corporate body. According to the company, it delivered the kits, which are made in Korea and can diagnose 6,300 people, via its overseas corporate body to the Indonesian National Board for Disaster Management on Tuesday. “We made the decision to support the country where our overseas office is located to lend help,” a KT&G
Industry May 6, 2020
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Flour power: Hipsters warm to retro gimmicks
An unusual brand produced the fashion hit of the winter in Korea last season. White padded jackets with the Gompyo logo splashed across the chest sold out almost instantly when they were released in November. Logos have been a fashion mainstay for decades, but the difference here is that Gompyo is a brand of flour. The jacket, a limited edition item released by Daehan Flour’s 68-year-old household brand Gompyo in collaboration with e-commerce platform 4XR, retailed online at 145,000 wo
Consumer May 5, 2020
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Retailers roll out Family Month promotions
After COVID-19 dampened consumer sentiment for the first quarter, retailers are pinning their hopes on Family Month and are rolling out various promotions to get consumers to open their wallets in May. May is usually a good month for the retail industry because of three holidays that tend to increase consumer spending on gifts for loved ones and teachers. Tuesday is Children’s Day, Friday is Parents’ Day and Teachers’ Day is May 15. To ease the burden on consumers amid th
Consumer May 4, 2020
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