Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
Despite apology, more Korean retailers suspend sales of DHC products
More South Korean retailers are joining the industry-wide boycott of Japanese cosmetics brand DHC after the company’s beauty TV channel aired offensive content allegedly mocking Koreans and the country’s history. According to the health and beauty industry, retail conglomerate Lotte Group’s online unit Lotte.com has decided to temporarily suspend sales of DHC products from Tuesday. Another retail giant Shinsegae stopped selling DHC cosmetics on its e-commerce platform SSG.
Industry Aug. 14, 2019
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[Photo News] Starbucks honors independence patriots
Starbucks Korea said Tuesday that it has donated a piece of handwriting by Korean independence activist Dosan Ahn Chang-ho during an event to support and protect independence patriots, their descendants and heritage.
Industry Aug. 13, 2019
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BAT Korea launches vaping e-cigarette Glo sens
British American Tobacco launched a fusion technology-based hybrid e-cigarette Glo Sens on Tuesday in South Korea, seeking to counter competition from KT&G’s Lil Vapor and American startup Juul Labs’ Juul. According to the company, Glo sens -- which was launched here first globally -- is powered by Taste Fusion Technology, which combines vaping with real tobacco. By heating a Neo pod, which contains flavored liquid, the vapor goes through a tobacco pod and delivers the
Industry Aug. 13, 2019
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SK E&C, Daelim win Project Finance Deal of the Year through $3.1 deal in Turkey
South Korean builders SK Engineering & Construction and Daelim Industrial said Tuesday they won the Project Finance Deal of the Year award for securing a $3 billion construction deal in Turkey. The two companies clinched the deal as preferred bidders in 2017 through a four-way consortium comprising SK E&C, Daelim and two Turkish builders, Limak and Yapi Merkezi. Dubbed the Turkey Canakkale project, it involves building a 3.7 kilometer-long suspension bridge in Turkey, the longe
Industry Aug. 13, 2019
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Sales of German cars rise amid boycott of Japanese products
Amid a nationwide boycott of Japanese goods, including fashion items, household products and cars, sales of Japanese vehicles waned last month, while sales increased for German carmakers, industry data showed Sunday. According to the Korea Automobile Importers and Distributors Association, Japanese automotive companies, such as Toyota, sold a combined 2,674 units of vehicles in July, taking up 13.7 percent of market share, down 6.7 percentage points from the previous month. This marked the
Mobility Aug. 11, 2019
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[Newsmaker] Kolmar Korea president resigns, apologizes for controversial video
Yoon Dong-han, president of cosmetics and health care goods manufacturer Kolmar Korea, apologized and resigned Sunday after showing a controversial video praising Japan to employees last week.During a press conference at Kolmar Korea’s headquarters in Seoul, Yoon said he deeply regretted his behavior and would take responsibility by resigning from the top post.“I apologize to our clients for causing harm due to my wrong behavior, and also to customers who trusted Kolmar Korea product
Industry Aug. 11, 2019
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Hyundai Motor’s Nexo scores highest safety rating from IIHS
Hyundai Motor Group’s hydrogen-powered fuel cell vehicle Nexo has earned the Top Safety Pick+ award from US’ Insurance Institute for Highway Safety, the carmaker said Sunday.It was the first time for IIHS to evaluate a hydrogen fuel cell vehicle and also to give an award.According to IIHS, Nexo has earned top ratings in moderate overlap front, driver-side small overlap front, passenger-side small overlap front, side, roof strength and head restraint tests. It also received &ldqu
Mobility Aug. 11, 2019
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Japan gives first export approval to South Korea after tightened rules
The South Korean government said Thursday that Japan has allowed high-tech materials to be exported to South Korea in the first approval since the Shinzo Abe administration imposed export curbs in July on three materials crucial for Korea’s chip and display production. Prime Minister Lee Nak-yon said Thursday that Japan had granted its first approval for exporting extreme ultraviolet photoresists to Korea a day earlier. EUV photoresists are one of the three materials that Japan restri
Industry Aug. 8, 2019
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Domestic carriers jittery over Korea-UAE aviation talks
South Korea’s aviation industry is on the edge with the aviation talks this week between South Korea and the United Arab Emirates, over the latter’s demand to double the route allocation.During the summit being held on Wednesday-Thursday in Abu Dhabi attended by Korea’s Transport Ministry officials, their UAE counterparts are likely to request increasing the Incheon-Dubai and Incheon-Abu Dhabi routes up to 14 times a week, according to industry sources.Their previous talks in J
Industry Aug. 7, 2019
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SsangYong Motors mulls self-rescue plans amid financial woes
SsangYong Motors, the South Korean unit of India’s Mahindra & Mahindra, is seeking measures to revive its business amid dwindling sales and liquidity woes, according to the company Tuesday.According to a letter sent to employees, SsangYong Motor CEO Yea Byung-tae said the company would conduct an organizational reshuffle in September to normalize business. The company will also reduce 10 to 20 percent of its senior executive workforce in the annual reshuffle slated for February, as wel
Mobility Aug. 6, 2019
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[Behind the Wheel] Going fast and furious at Mercedes-Benz AMG Driving Academy
YONGIN, Gyeonggi Province -- For many, driving is fun and a way to relieve stress. But that’s only the case when you are not on the jam-packed downtown roads.Although automakers boast about acceleration and maximum torque, drivers don’t get a chance to fully experience the car’s capacity, not to mention drifting through curves and feeling the full potential of the engine. At Mercedes-Benz’s AMG Driving Academy, however, all are possible. One can hop on a range
Mobility Aug. 5, 2019
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Forever Living aims to appeal to Korean customers with high-quality aloe vera products
Arizona-based aloe vera manufacturer Forever Living aims to appeal to Korean customers with high-quality products and marketing of its aloe vera-based health and diet supplements.Forever Living -- the largest aloe vera retailer in the world with 4 trillion won ($3 billion) in annual sales -- entered Korea in 1988.The company has a presence in dozens of countries, with its aloe vera products ranging from cosmetics to health and diet supplements. It also runs Forever Nutraceutical, a researc
Industry Aug. 4, 2019
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S. Korea’s imports of 857 items to come under Japan’s tighter permit system
Following Japan’s decision on Friday to delist South Korea from its whitelist of trusted trade partners, domestic companies importing 857 items including hi-tech materials will come under tighter rules for export approval. The items categorized as “nonsensitive” in the list of Japan’s strategic materials include precision machine tools and fine chemical products, such as functional films and adhesives, as well as carbon fiber which is used to produce aircrafts and au
Industry Aug. 2, 2019
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Uniqlo records 40 percent drop in sales, closes its Jongno 3-ga store
Amid the escalating trade dispute between Seoul and Toyko, Japanese fashion brand Uniqlo has seen its sales dwindle by 40 percent in South Korea as a result of an ongoing boycott of Japanese goods by Korean consumers, industry sources said Friday. According to the industry, Uniqlo’s sales nose-dived after July 11, when Uniqlo Chief Financial Officer Takeshi Okazaki said during an earnings press call that the impact of the boycott would be short-lived. Fast Retailing Co., which o
Industry Aug. 2, 2019
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Lotte, Shinsegae among top 10 retailers in Asia
South Korean retail conglomerates Lotte Group and Shinsegae Group ranked among the top 10 retailers in Asia, a list dominated by e-commerce companies, market data showed Thursday. According to market researcher Euromonitor International, which compiled a list of the top 100 retailers in Asia based on sales last year, Lotte ranked eighth and Shinsegae came in at No. 10, having respectively recorded $27.4 billion and $25.3 billion in sales. Chinese online marketplace Alibaba topped the l
Industry Aug. 1, 2019
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