Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Popularity of raw noodles grows
With continued demand for instant noodles, South Korean retailers recorded an increase of sales of raw products, data showed Friday. Pulmuone’s noodle products (Pulmuone)One major food company in that business is Pulmuone, which saw 844 million won ($780,000) of sales of ready-to-cook raw noodle products last year, 11.4 percent jump from the previous year. Pulmuone currently tops the local raw noodle market with a 27 percent market share as of 2017. While udon noodles -- a 230 billion won marke
Industry March 2, 2018
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Burger King raises prices of 12 menu items
Fast-food chain Burger King said Thursday that it would raise the price of 12 menu items here by 100 won (9 cents) from Friday. A Burger King store (Burger King)The items are 10 burgers, such as the signature Whopper, Cheese Whopper and Bulgogi Whopper, and two sides including coconut shrimp. With the increase of 100 won, or an average price increase of 0.3 percent, a single Whopper is to be sold at 5,700 won. However, if purchased as a set, the price is the same at 7,700 won.The company said t
Industry March 1, 2018
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Sales of air purifier, masks soar as fine dust season approaches
Sales of products designed to filter fine dust skyrocketed in recent weeks following a warmer climate and the fine dust season approaching, an industry data showed. Seoul's grey sky (Yonhap)According to online shopping mall 11st, sales of masks soared 346 percent year-on-year from Feb. 21 to 27 when Seoul’s ultra-fine dust concentration levels exceeded 50 micrograms per cubic meter. Sales of air purifiers also increased by 81 percent on-year. Sales of houseplants known to filter indoor air such
Industry March 1, 2018
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Creditors postpone discussion on fate of Kumho Tire to end of March
Creditors of South Korean tire maker Kumho Tire decided to postpone the discussion on the fate of the troubled tire maker, allowing the company to avoid being put into the court receivership. Kumho TireAccording to the state-run creditor Korea Development Bank, creditors held a meeting on Wednesday and decided to postpone adjusting the debt repayment schedule to end of Mach. They also did not accept the company’s self-rescue plan for business normalization, due to lack of sufficiency, KDB said.
Industry March 1, 2018
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Samsung C&T appoints former GE executive to board
Samsung C&T said Wednesday that it has appointed former General Electric Chief Productivity Officer Philippe Cochet, 58, as a new member of the board of directors, as it attempts to diversify its leadership and improve governance. Philippe Cochet (Samsung C&T)The French executive will serve as the non-executive director from March. He is the first foreign board member of the company.The company said it will continue to bring in more global talents and female board members in the next year.Wedne
Industry Feb. 28, 2018
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Fila Korea to give W120m reward to Korean women’s curling team
South Korean sportswear brand Fila Korea will provide a 120 million won ($110,400) reward to the South Korean women’s curling team that won silver at the 2018 PyeongChang Winter Games, marking the country’s first Olympic medal in the sport. South Korean women's curling team (Yonhap)The company said Wednesday that the reward was intended to encourage the curling team and motivate them to achieve higher goals in the future.The prize money will be given to the team’s members via the Korea Curling F
Industry Feb. 28, 2018
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Amorepacific named Korea’s most respected company
Amorepacific, Korea’s leading cosmetics maker, has been selected as the most respected workplace in the local cosmetics industry for the third straight year, a survey showed. AmorepacificAccording to the Korean Management Association Consulting, which surveyed more than 12,000 industry workers and human resources specialists, Amorepacific scored high in criteria such as innovation ability, shareholder value, employee satisfaction, customer value as well as social image, topping the cosmetics pr
Industry Feb. 28, 2018
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[Photo News] BAT Korea hosts talk concert
British American Tobacco Korea said Tuesday that it successfully hosted the “BAT MAN” talk concert to support the young generation’s challenges in achieving their dreams. The company ran a six-month contest, through which 10 teams made it to the finals. One finalist was awarded 10 million won ($9,300). Gary Tarrant, head of legal and external affairs, said BAT Korea would continue to host such programs to hear more from the young generation and support their endeavors. (BAT Korea)
Industry Feb. 27, 2018
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CJ Group chairman named chairman of Korea Employers Federation
CJ Group Chairman Sohn Kyung-shik was named the seventh chairman of the Korea Employers Federation on Tuesday.According to the federation, five members of a selection committee held a meeting and appointed Sohn as the next chairman among three other members. Sohn was in India for a business trip when he was selected. CJ Group Chairman Sohn Kyung-shik (Yonhap)“I feel a grave responsibility to serve as the chairman of the KEF at this crucial time,” said Sohn, according to CJ Group.“Based on my ex
Industry Feb. 27, 2018
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3.1 Phillip Lim opens new stores in Seoul via Handsome
3US fashion brand 3.1 Phillip Lim will open new stores in Seoul via Handsome, the apparel unit of Hyundai Department Store, the company said Tuesday. 3.1 Phillip LimAccording to the company, 3.1 Phillip Lim’s men’s and women’s apparel, bags and accessories will be sold at new stores on the 2nd and 4th floor of Galleria Department Store’s luxury hall in Apgujeong, from March 1. Handsome will expand the distribution channels through Hyundai Department Store to establish more 3.1 Phillip Lim stores
Industry Feb. 27, 2018
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[Photo News] E-mart delivers first EV
South Korean discount chain E-mart delivered the mini electric vehicle sold at its stores to its first buyer at its Seongsu branch on Tuesday. The D2 mini electric vehicle sold at E-mart is manufactured by Chinese carmaker Zhidou. (E-mart)Zhidou’s two-seater electric car can run up to 150 kilometers on a single charge. The D2 is priced at 14.5 million won ($13,480), which was fixed in December after being approved by regulatory authorities as well as local governments’ subsidy program of up to
Industry Feb. 27, 2018
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HNB smokers still exposed to toxicants, but less, BAT claims
As tension with the government persists over the risks of heat not burn tobacco, British American Tobacco’s Korean subsidiary released clinical study findings that switching from conventional cigarettes to glo -- the company’s HNB device -- reduces exposure to harmful chemicals. (BAT Korea)While government test results have still not been released, scientists from BAT’s Reduced Risk Substantiation team found that toxicant levels in people who used glo were 90 to 95 percent less than smokers of n
Industry Feb. 26, 2018
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SK Innovation discovers crude oil in South China Sea
South Korean petroleum refining company SK Innovation has successfully discovered crude oil at a Chinese block in the South China Sea, the company said Thursday. SK Innovation’s discovery of crude oil in Block 17/03 in the South China Sea (SK Innovation)According to the company, it found a 34.8-meter-thick effective oil pool at Block 17/03 located at a depth of some 2,000 meters down the Pearl River Mouth Basin in December last year. This marks SK Innovation’s first discovery in the area since
Industry Feb. 22, 2018
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[Advertorial] LG Chem aims to become global top 5 chemical company
South Korea’s major chemical firm and battery maker LG Chem said it will continue to brace for the “fourth industrial revolution” and pioneer the market, focusing on business growth in its units of basic material, chemical, electronic information material, battery and life science businesses in South Korea and internationally. LG Chem researchers conduct battery test for electric vehicles. (LG Chem)LG Chem said it plans to invest 3.8 trillion won ($3.4 billion) in capital expenditure, a 52 perc
Industry Feb. 22, 2018
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E-mart Traders outnumbers Costco, aims W1.9tr in sales
Warehouse-style discount chain store E-mart Traders said Thursday that it aims to achieve sales of 1.9 trillion won ($1.7 billion) this year, in an effort to bolster its offline shopping base amid fierce competition on e-commerce market. E-mart Traders (E-mart)E-mart Traders, a retail arm of Shinsegae Group, plans to open one or two more outlets this year. Since its launch in 2010, it opened a total of 14 stores across the country, with new branches in Gunsan and Gimpo opening in December last y
Industry Feb. 22, 2018
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