Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
E-mart, GS25 remove liquid e-cigs from shelves
Following the South Korean government’s “strong warning” on the use of liquid-type e-cigarettes over health concerns Wednesday, the country’s major retailers are moving to suspend sales of the related products.The country’s largest discount chain E-Mart said Thursday it has decided to remove flavored liquid e-cigarettes including Viento’s Ice mango, Water melon and five different flavors, as well as Relx’s Mung Bean ice and Fruits, from its 74 E-Mart, Pi
Industry Oct. 25, 2019
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LG Household & Health Care shines in Q3 despite market saturation
LG Household & Health Care has reported a record-high third quarter performance on Thursday, which the firm attributed to the continued trend of premium beauty products. LG H&H posted an operating profit of 311.8 billion won ($266 million) in Q3, up by 12.4 percent on-year. Its sales came at 1.96 trillion won, increased 13.1 percent from last year. The company said despite deepening concerns in the overall Asian economy, the consumer demand for luxury cosmetics has continued,
Industry Oct. 24, 2019
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Sephora debuts in Korea, plans to run seven stores by 2020
Beauty and fashion powerhouse LVMH’s cosmetics retailer Sephora opened its first store in Korea in the capital’s posh Gangnam on Thursday. The brick-and-mortar Sephora store is located inside Parnas Mall in Samseong-dong, showcasing some 100 different cosmetics and perfume brands including its own Sephora collection. “Korean market has the most vibrant, dynamic and trend-savvy customers who have high understanding of beauty products,” said Benjamin Vuchot, president
Industry Oct. 24, 2019
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Hyundai Motor’s Q3 profit dented by large warranty costs
Hyundai Motor Group said Thursday its operating profit in the third quarter fell 69.4 percent on-quarter, after having injected some 600 billion won ($511 million) to settle US lawsuits regarding faulty engines.According to Hyundai, its third-quarter operating profit is estimated at 378.5 billion won, while sales came in at 26.9 trillion won. Earlier this month, Hyundai announced a lifetime warranty for its 4.69 million faulty Theta 2 GDi engines in its vehicles, following massive recalls a
Industry Oct. 24, 2019
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Hyundai unveils teaser images for face-lifted New Grandeur
Hyundai Motor Group has unveiled the new design and specifications of its premium flagship sedan Grandeur’s sixth-generation model.The drastic design changes of the New Grandeur model were highly anticipated as Hyundai recently adopted the concept of “sensuous sportiness,” focusing on making the car body longer and sleeker, aiming for futuristic automotive designs. For the first time, Hyundai has applied an integrated-type front grill and head lamp design, decorating the
Mobility Oct. 24, 2019
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Asiana offers job experience to teenage students
Asiana Airlines said Wednesday that it will offer job experience opportunities to teenagers at the education donation exhibition taking place from Wednesday to Saturday at Kintex in Ilsan. The eighth annual event hosted by the Education Ministry invites some 150,000 teenagers to experience different job and career opportunities, with some 120 companies participating. Asiana has been taking part in the exhibition for eight consecutive years, hoping to nurture talent in the aviation ind
Industry Oct. 23, 2019
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Fully changed 8th generation New Audi A6 unveiled in Korea
Audi unveiled its bestselling premium business sedan A6’s fully changed version in South Korea on Wednesday.The all-wheel drive New Audi A6 comes in two trims: New Audi 45 TFSI Quattro and New Audi 45 TFSI Quattro Premium. Both models run on 2.0-liter four-cylinder turbocharger engines and use the seven-speed S tronic dual-clutch transmission, producing 252 horsepower and a maximum 37.7 kilogram-meters torque. Audi said it has applied its new Audi design language, upgrading A6 with sportin
Mobility Oct. 23, 2019
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KT&G wins top corporate governance award
South Korean tobacco manufacturer KT&G has received the top corporate governance award, the firm said Wednesday. This year’s corporate governance evaluation was reviewed by Korea Corporate Governance Service covering some 924 listed companies and financial firms. KT&G said it received top grades in the KCGS’ ESG evaluation for two consecutive years, which includes social responsibility, environmentally responsible management and governance, recognized for the high l
Industry Oct. 23, 2019
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What kinds of liquid-type e-cigs are sold in Korea?
The South Korean government on Wednesday issued a “strong warning” on the use of liquid-type e-cigarettes over health concerns, drawing public attention to the different popular brands available here. There are three types of e-cigarettes sold in Korea: heat-not-burn, liquid, and a hybrid version which combines the first two types. Korea’s e-cigarette brands account for 13.5 percent of its tobacco market by sales as of June, according to government data. The total tobacco
Industry Oct. 23, 2019
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Korea vows to build 250 more hydrogen stations by 2022
Up to 250 hydrogen charging stations will be built across Korean cities and highways by 2022 to provide drivers access to hydrogen charging within 30 minutes of wherever they are, the government said Tuesday. According to the government’s hydrogen infra establishment measure, jointly mapped out by the industry, transport and environment ministries, up to 190 hydrogen charging stations for vehicles and 60 charging stations for buses will be built over the next three years. By 204
Industry Oct. 22, 2019
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[Photo News] Mercedes-Benz's future mobility pavillion
Mercedes-Benz Korea CEO Dimitris Psillakis speaks during the opening ceremony of EQ Future pavilion, which the German carmaker’s vision for future mobility, in Gangnam, southern Seoul, on Tuesday. Psillakis said the carmaker aims for sales of plug-in hybrids or all-electric vehicles to make up more than 50 percent share by 2030, starting with electrifying the whole portfolio by 2022.The EQ Future Pavilion, which will be open until mid-January next year, will display various mobility s
Mobility Oct. 22, 2019
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Aekyung, Stonebridge Capital join hands for Asiana bid
Retail-to-flight conglomerate Aekyung Group said Monday that it has joined hands with home-grown equity fund Stonebridge Capital to form a consortium to acquire Asiana Airlines.The two firms participated in the initial bid separately and were shortlisted to buying a controlling 31 percent stake in the country’s second-largest full-service carrier.Aekyung said in a statement that the partnership with Stonebridge Capital is based on its “firm determination” to acquire Asiana, as
Industry Oct. 21, 2019
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BMW’s New Mini Clubman gets face-lift
BMW Group Korea unveiled Monday its premium compact car brand Mini’s face-lifted third generation New Mini Clubman, maintaining its distinctive style within the compact segment.The four-door compact wagon has gone through detailed changes, such as an expanded front grille and aerodynamically improved side mirror cap, but also keeps the Mini’s design heritage, such as the Union Jack-themed rear design, the automaker explained. For Cooper S and Cooper SD models, adaptive light-emitting
Mobility Oct. 21, 2019
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Shinsegae appoints ex-retail consultant as E-mart CEO
Korean retail conglomerate Shinsegae Group has appointed former Bain & Company consultant Kang Heui-seok as new chief of discount chain E-mart, in an earlier-than-expected company reshuffle.Kang joined Bain & Company in 2005 and was promoted to partner in 2014 to oversee the consumer product and retail projects. Before joining Bain & Company, he worked at the Ministry of Agriculture, Food and Rural Affairs, dealing with agro-economic policy since 1994. “The latest reshuff
Industry Oct. 21, 2019
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Hyundai Motor invents self-driving tech using machine learning
Hyundai Motor Group said Monday that it has developed the world’s first self-driving technology using AI-based machine learning, which detects the driver’s driving pattern and apply it to the smart cruise control system.In recent years, a host of carmakers have added advanced driver assistance systems to their models for safer and more convenient driving. One of the core technologies is adaptive cruise control, a function which makes a car slow down and speed up automatically to
Mobility Oct. 21, 2019
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