Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Popularity of cheap, quality ‘1,000 won coffee’ continues
Amid rising costs of food and basic necessities in South Korea, the popularity of “1,000 won coffee” -- instant brewed coffee directly from coffee machines inside convenience stores -- has been growing, according to the retail industry. 7-Eleven’s Seven Cafe instant brewed coffee (7-Eleven)According to convenience store chain 7-Eleven, the first mover in introducing instant brewed coffee to the industry in 2015, approximately 45 million cups of Americano from its brewed coffee brand Seven Cafe
Industry March 19, 2018
-
Lotte cancels this year’s fireworks shows
South Korean conglomerate Lotte Group said Monday that it has decided to cancel fireworks shows lined up for this year, after its Chairman Shin Dong-bin received a jail term over a bribery scandal. Fireworks are displayed at Lotte World Tower in Jamsil, Seoul. (Lotte Property & Development)Lotte had planned to hold a fireworks show from Lotte World Tower in Jamsil, Seoul, in April or May, to celebrate its 51st foundation day, which falls on April 3.On April 2 last year, Lotte held a fireworks sh
Industry March 19, 2018
-
[Exclusive] Samsung, Boeing in talks for future aircraft: source
US aircraft manufacturer Boeing has been working with South Korean tech giant Samsung Electronics to incorporate high-speed mobile technology and next-generation information systems into its latest airplane models, according to a Boeing official in Seoul on Friday. “We are in works with Samsung and studying to use their technologies like mobile connectivity,” he told The Korea Herald. Boeing 787 models (Boeing)“Korea’s global leadership in high-speed mobile technology and next-generation informa
Industry March 16, 2018
-
Aekyung Industry plans IPO but hurdles remain
South Korean household care maker Aekyung Industry’s has recently announced plans to go public on March 22, set to become the first company to make debut on Kospi exchange this year. According to Korea Exchange on Tuesday, Aekyung Industry’s initial public offering price was decided at 29,100 won ($27.30) per share, the lowest in the expected price band, because the company’s profit relied heavily on a single product category, cosmetics. A total of 506 institutional investors participated in the
Industry March 15, 2018
-
Starbucks Korea posts record operating profit on W1.2tr sales
With solid customer loyalty, especially among women in their 20s and 30s in Korea, Starbucks Coffee Korea raked in 114.4 billion won ($107 million) in operating profit and 1.2 trillion won in sales last year, industry data showed Thursday. Starbucks (Yonhap)The US coffeehouse chain opened its first local branch near Ewha Womans University in 1999. It is the first time Starbucks has recorded over 100 billion won in operating profit.According to the Financial Supervisory Service’s electronic discl
Industry March 15, 2018
-
Ssangyong, Daewoo E&C clinch $740m project in Singapore
South Korean construction companies Ssangyong Engineering & Construction and Daewoo Engineering & Construction have won the $740 million Woodlands Health Campus (WHC) project in Singapore, the firms said Thursday. A computer generated image of the planned Woodlands Health Campus (WHC) project in Singapore (Ssangyong E&C)The two companies have formed a joint venture with Singapore’s Koh Brothers Building & Civil Engineering Contractor and worked on to win the project since December 2016.The Ssan
Industry March 15, 2018
-
Kolon Industries FnC launches fashion rental service
South Korean fashion company Kolon Industries FnC said Tuesday that it had launched an environment-friendly fashion rental service. A customer looks at clothes from Kolon Industries FnC’s Re;Cord. (Kolon Industries FnC)Starting Wednesday, Kolon Industries FnC’s upcycling brand Re;Cord will be renting out items that were manufactured three years ago or less, as part of efforts to add value to fashion, according to the company.“We have come up with the rental service in step with the new shopping
Industry March 13, 2018
-
Asiana captain fired after quarreling during flight
A captain who had an argument with a co-worker during a flight has been fired, while his counterpart resigned, according to South Korean airline Asiana. Asiana Airlines (Asiana)According to the Ministry of Land, Infrastructure and Transport on Tuesday, the quarrel took place between the two captains on duty at the cockpit of an Asiana flight heading for Rome in September last year.The conflict was triggered when one captain refused to hand over control to the other and told the latter’s vice cap
Industry March 13, 2018
-
Seoul to toughen requirements for LCC airlines
South Korea’s Ministry of Land, Infrastructure and Transport said Monday that it would revise the current law to strengthen entry criteria and management requirements to put the brakes on expanding low-cost carriers.“We came up with the revision to make LCC-related regulations more realistic, aiming to improve the overall quality of the airline industry with fair competition,” said a ministry official. Jeju Air (Jeju Air)If the revision is passed by related organizations, legislative authoritie
Industry March 12, 2018
-
Chunho Food rebranded as Chunho N Care
South Korean health food company Chunho Food has been rebranded as Chunho N Care, the company said Monday. The “N” in the name stands for the company’s vision of “nature, nutrition and next,” the firm said. Chunho N Care employees hold up the new brand logo with CEO Lee Seung-woo (right). (Chunho N Care)The new name and logo will be used for all products from April, following a shareholders meeting slated for later this month. The company has been using its original name for 35 years since it wa
Industry March 12, 2018
-
Anti-pollution cosmetics emerge as rising trend
Amid deteriorating air quality caused by fine dust, beauty industry retailers are releasing anti-pollution cosmetics designed to prevent or filter out fine dust particles from one’s skin. (From left) Issilin Finish Cover Pact from Pulmuone Lohas, Lavida Sun Solution Daily Moist Protection IRF20 SPF36 PA+++ from Koreana and PM2.5 Block Cleanser from Celltrion SkincareAccording to cosmetics manufacturers, the consumer need for functional skin care products is growing beyond the traditional sunscr
Industry March 11, 2018
-
Cho Yang-ho receives appreciation plaque from defense industry
Hanjin Group Chairman Cho Yang-ho was awarded a plaque of appreciation for leading both quantitative and qualitative growth in South Korea’s defense industry, the company said Sunday. Hanjin Group Chairman Cho Yang-ho (right).(Hanjin Group)Cho recently stepped down from the chairman post of the Korea Defense Industry Association. He served the position for 14 years since June 2004. The plaque thanked Cho for leading a stellar growth and transparent management in the defense industry. The newly
Industry March 11, 2018
-
City dwellers’ skin suffers: Amorepacific
South Korea’s leading cosmetics manufacturer Amorepacific found that the level of urbanization can influence the formation of skin microbiomes, which causes skin problems, according to its study released in an international science journal.Amorepacific Co. R&D Center (Amorepacific)According to Amorepacific on Thursday, its in-house research institute Amorepacific Co. R&D Center partnered with Chung-Ang University’s College of Biotechnology and Natural Resources to conduct an experiment on skin m
Industry March 8, 2018
-
Global advisory firm takes side with KT&G for its CEO reappointment
While debate lingers between shareholders over whether the South Korean tobacco maker KT&G’s current chief Baek Bok-in should be reappointed, a global proxy advisory firm Institutional Shareholder Services spoke in favor of Baek’s reappointment, industry sources said Wednesday. KT&G CEO Baek Bok-in (KT&G)Prior to the shareholders meeting slated for March 16, the state-run Industrial Bank of Korea -- the second-largest single shareholder of KT&G with a 6.9 percent stake -- has proposed for a conf
Industry March 7, 2018
-
Minor collision of Korean Air plane delays departure
Korean Air’s airliner KE011 en route to Los Angeles crashed into the tail of a different Korean Air plane inside the parking ramp. Takeoff was delayed for more than three hours. Korean AirAccording to Korean Air, the plane was being dragged by the tow car inside the parking ramp at Incheon International Airport on Tuesday at around 8:20 p.m. The plane was getting ready to be moved to the runaway for taxiing, the company said. While 292 passengers and 24 flight attendants were on board the plane
Industry March 7, 2018
Most Popular
-
1
[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
-
2
Korea’s homegrown nanosatellite successfully launches into space
-
3
Nicaragua shuts down Seoul embassy
-
4
Rocket engine expert, ex-NASA exec to lead Korea's new space agency
-
5
Hybe's multilabel system tested amid conflict with Ador
-
6
SNU profs to suspend treatment for one day
-
7
SK hynix pledges W20tr to ramp up DRAM production at home
-
8
Over-50s, men, single-person households take up majority of those filing for bankruptcy
-
9
Ministry denies blame for Jamboree debacle
-
10
Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence