Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Samyang Foods to record highest sales in Q1
Samyang Foods, an instant noodle manufacturer here, is expected to see the highest sales in the company’s history in the first quarter of this year, with sales of instant noodles showing notable growth amid the COVID-19 outbreak. According to the industry on Wednesday, Samyang Foods’ total sales in the first quarter is expected to see an increase of 30 percent from a year earlier, with its exports recording over 75 billion won ($60.8 million) in the first quarter. That figure is mo
Consumer April 22, 2020
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Orion records 82% increase in snack sales in key markets
Orion, a South Korean confectionery company, said Tuesday it recorded sales of 208.3 billion won ($168 million) in March, an increase of 41 percent on-year. The sales of snack products in its biggest markets, South Korea, China and Vietnam, also grew 82 percent on-year for the month, the company added. “Newly released snacks have gained popularity and our snack portfolio, which originally revolved around pie products, is becoming more diverse,” Orion said. In March, South Korea
Consumer April 21, 2020
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SPC introduces Eggslut to South Korea
Korean food company SPC Group said Tuesday that its affiliate SPC Samlip has acquired the exclusive contract for operations in Korea of Eggslut, a popular egg sandwich franchise in California, as well as the license for Singapore. The company said it will introduce the first Eggslut store in Korea at Coex Mall in Seoul in June. US brand Eggslut is famous for its egg sandwiches made with a warm brioche bun, scrambled eggs and sriracha mayo sauce. “We are pleased to show Korean guests t
Consumer April 21, 2020
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Fashion for handicapped, Heartist collaborates with Beanpole
Samsung C&T’s fashion unit said Monday its business casual brand for the handicapped, Heartist will roll out a new line of clothes in collaboration with its other brand Beanpole, to celebrate the first anniversary of Heartist. Heartist, which was launched in April 2019, is the first fashion brand for the handicapped, introduced by a conglomerate here. Under the concept of “Fashion for All Abilities,” the brand presents business casual products specially designed for thos
Consumer April 20, 2020
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GS E&C wins W550b contract to build railroads in Singapore
GS Engineering and Construction said Monday that it had won a 550 billion won ($451 million) contract to build railway lines in Singapore in cooperation with the Korea Railroad Research Institute. The company obtained the order from Singapore’s Land Transport Authority for its Integrated Train Testing Center project, a railway testing facility. It is a design-build contract, under which GS E&C will lead the whole project, the company said. GS E&C said it would build three track
Industry April 20, 2020
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HiteJinro’s Ilpoom Jinro wins Gold award in Monde Selection 2020
HiteJinro, a South Korean liquor maker, said Monday two of its premium soju products won Gold awards in the Monde Selection 2020 for the second consecutive year. According to the company, its Ilpoom Jinro 1924, a 100-percent distilled soju, and limited edition Ilpoom Jinro 19 years were chosen for the top Gold award. Monde Selection is an annual non-competitive award open to food, drinks, and cosmetics products since 1961. It is run by International Institute for Quality Selections based in
Consumer April 20, 2020
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Nongshim rolls out Chapaguri cup noodle from ‘Parasite’
Nongshim said Monday it is launching a ready-made instant Chapaguri cup noodle, which has garnered global popularity after being prominently featured in the Oscar-winning film “Parasite.” Chapaguri -- translated as “ram-don” in English subtitles in the movie -- is a mixture of Nongshim’s Chapaghetti black bean instant noodles and soup-based Neoguri ramen. The new Chapaguri product will be in the form of instant cup noodles, and it will be released in Korea firs
Consumer April 20, 2020
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Posco International donates 100 virus test kits to Myanmar
Posco International said Sunday it has sent 100 virus test kits that can run 10,000 tests to Myanmar, as part of its relief efforts for the COVID-19 pandemic. According to the company, it has successfully delivered the test kits developed by Korean firm BioSewoom to Myanmar’s Ministry of Health and Sports. The cost of 170 million won ($140,000) was shared by Posco International and its consortium partner companies -- Myanmar Oil and Gas Enterprise, Oil and Natural Gas Corp., Gas Autho
Industry April 19, 2020
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Home appliance sales strong amid virus crisis
Although the COVID-19 crisis has dampened overall consumer sentiment, sales of home appliances remain strong, according to industry sources Sunday. With people spending more time at home to practice social distancing, home appliance sales are booming. The government’s subsidy program to support purchases of energy-efficient home appliances is also contributing to the sales growth. According to Lotte Himart, 10 home appliances categorized as energy-efficient saw combined sales go up b
Industry April 19, 2020
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[Weekender] Make room for us: 5060 generation redefines aging
Yoo Seo-kyung turns 56 this year, but she doesn’t mind getting older. Yoo is excited about the year ahead as she just got into graduate school and now has a chance to delve more deeply into her handicraft hobby. Several years ago, Yoo retired from the private math academy she ran for 10 years. Running the place had become more difficult as she found herself facing an ever-widening generation gap with her teenage students. After retirement, Yoo took an interest in the craft of “ji
Industry April 18, 2020
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89% of 20-40s shop online for their parents: Auction
With online shopping booming amid the COVID-19 pandemic, elderly parents are also taking part in the shopping culture with the help of their children, data showed Thursday. According to Auction, an ecommerce platform operated by eBay, over 89 percent of 2,564 customers aged 20-49 surveyed, have shopped online for their parents. The survey was conducted from March 28 to April 4. For reasons to shop on behalf of their parents, 35 percent of the respondents said it was because their parents we
Consumer April 16, 2020
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Why red ginseng is chosen as gift by president, PM
South Korea’s traditional superfood red ginseng is gaining prominence during the COVID-19 outbreak as a favorite gift item by government leaders as a token of thanks. In February, President Moon Jae-in presented Korea Ginseng Corp.’s red ginseng products to 500 public servants working at Incheon International Airport’s quarantine station and at the Korea Centers for Disease Control and Prevention, to encourage them to keep up the good work. Prime Minister Chung Sye-kyun als
Industry April 16, 2020
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In coronavirus pandemic, ‘lipstick effect’ gives way to ‘eyeliner effect’
Ever heard of the lipstick effect? Some say lipstick acts as the barometer of an economy -- lipstick sales go up when consumer sentiment weakens during economic recessions as people tend to treat themselves with lower-cost indulgences. When the US economy slumped in 2001 after the Sept. 11 attacks, lipstick sales increased by about 11 percent in the second half of the year compared to the first half. This led Estee Lauder Chairman Leonard Lauder to coin the term “lipstick index.” &
Consumer April 14, 2020
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McDonald’s introduces ‘Best Burger’ initiative in Korea
McDonald’s Korea said Monday that it has introduced its “Best Burger” initiative in South Korea for the fourth time in the world, and for the first time in Asia. According to the burger chain, “Best Burger” is a global initiative to improve cooking procedures and facilities and to use quality ingredients, with the goal of providing customers with the best burgers. McDonald’s, which operates in over 100 countries around the globe, first introduced the init
Industry April 13, 2020
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Philip Morris vows job security during pandemic
Philip Morris International announced Monday that it would guarantee job security for its 73,000 employees worldwide throughout the COVID-19 pandemic crisis. “PMI will continue to contribute to the global response to this pandemic in every way we can. First and foremost, we will continue to support our employees and their families, and protect their safety and health. Nothing matters more,” PMI CEO Andre Calantzopoulos said. “Thanks to our employees across the world, working
Industry April 13, 2020
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