Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
13% fewer passengers fly to Japan in July
The number of passengers flying from South Korea to Japan significantly decreased this month amid ongoing trade tensions between the two countries, data showed Wednesday. The Transport Ministry data showed that from July 16 to 31, a total of 467,249 passengers departed for Japan from Incheon International Airport, down about 13.4 percent or 72,411 passengers compared with June 16 to 30. Amid an intensifying nationwide boycott targeting Japanese goods and travel to Japan, Korea’s
Industry July 31, 2019
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[Behind the Wheel] With segment-blurring Seltos, Kia adds premium to small SUV lineup
When Kia Motors said its latest compact sport utility vehicle Seltos would be a game-changer in the local SUV market, the company was met with doubts, as the automaker already has three other small SUVs -- the Stoniq, Soul and Niro. But upon the official launch of Seltos this month, and with a single test-drive of Seltos, feelings of doubt immediately changed to pleasant surprise. Driving Seltos on a 65-kilometer route from Wonju, Gangwon Province, to Yeoju, Gyeonggi Province, it was c
Mobility July 30, 2019
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[Herald Interview] Embraer offers Korean budget airlines more profitability with smaller planes
Amid the expanding market size of budget airlines following the South Korean government’s approval of three additional low-cost carriers earlier this year, they have become the most-preferred travel option for Koreans due to their low costs and widespread connectivity. Competition among LCCs is growing intense, with more air carriers stretching their services by introducing larger, long-haul aircrafts as well as premium seats such as Jeju Air’s “New Class.”But accord
Industry July 29, 2019
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OB denies reports of AB InBev’s plan to sell stake
South Korea’s Oriental Brewery on Monday denied news reports that its parent Belgian company AB InBev is seeking to sell its majority stake. According to local media reports, AB InBev -- which acquired OB for $5.8 billion in 2014 -- has been contacting local retail conglomerates such as Lotte and Shinsegae, as well as private equity funds via foreign securities companies to sell its stake. The deal could be worth some 9 trillion won ($7.65 billion). But OB has flatly denied such
Industry July 29, 2019
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Hyundai Glovis opens first SE Asia office in Vietnam
Hyundai Motor Group’s logistics arm Hyundai Glovis is widening its overseas presence by opening its first Southeast Asian office in Vietnam.Hyundai Glovis Vietnam, which was launched Thursday, will serve as a bridgehead for the company to expand its business in the region, the firm said.The company will focus on transporting automotive and nonautomotive products such as food, cold chain products, textile and clothing. It will also supply auto parts to a local factory which has an annual ou
Industry July 28, 2019
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Lotte Duty Free opens third store in Vietnam
Lotte Duty Free said Sunday that its third duty-free store in Vietnam has opened at Hanoi’s Noi Bai International Airport, a year after its second outlet was launched in Nha Trang. Spanning over 506 square meters, the store inside the departure area in Hanoi Airport sells perfumes, cosmetics, liquor, tobacco, food, and more, from 90 brands. It also exclusively sells products from 21 brands including South Korea’s History of Whoo. The duty-free operator said it expects sales at t
Industry July 28, 2019
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[Weekender] Cafes, coffee brands roll out seasonal drinks
For many coffee lovers, summer signals a switch to cold brews.At Starbucks, a seasonal offering has been so well received by Korean customers that the company has just weeks ago decided to put it on its regular menu for the whole year round. Launched originally as a summer drink in April, the espresso-based Dolce Cold Brew combines two of the coffee franchise’s bestselling items -- Cold Brew and Dolce Latte. It only uses cold brew that was slow-steeped in cool water for 14 hours. 
Industry July 25, 2019
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Nationwide #boycottJapan campaign puts Korean workers in tight spot
These days, Kim Hyun-jin feels uneasy telling others where he works. “I have been working at Uniqlo for two years as a part-timer. I am proud of my workplace. It is a fun place to work, with nice people and relatively a good amount of pay,” said the 25-year-old student majoring in fashion at a university, who agreed to speak under a pseudonym.“But now, when I say I work at Uniqlo, people think I’m doing something very wrong and it makes me feel very uncomfortable. I
Industry July 25, 2019
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Coupang faces service outage, all products ‘out of stock’ for hours
South Korea’s largest e-commerce retailer Coupang’s service froze for several hours on Wednesday morning showing all products “out of stock,” with customers unable to place orders or make payments.The outage on Coupang’s mobile application and website started at 7 a.m. Although customers could add items to their shopping cart they were unable to proceed with the order.Coupang attributed the problem to a technical glitch. While customers could start buying some
Industry July 24, 2019
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Market analysts forecast retail industry sales dip in Q2
South Korea’s major retailers and e-commerce companies such as E-mart, Lotte Mart and Coupang are likely to see their sales and performance having deteriorated in the second quarter, according to market analysts on Tuesday.Stock analysts said Tuesday that the industry’s top discount store chain operator E-mart is highly likely to run into the red in the second quarter, recording about 4.7 billion won ($3.9 million), or up to 10.5 billion won, in losses from operations. “E
Industry July 23, 2019
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[Herald Interview] Royal Salute goes younger with modern twist to lineup
It is no easy decision for a brand to abandon its original concept and transform a product lineup, especially when it comes to a luxury whisky.Royal Salute, whose distillery dates back to 1801, is best known for being the only scotch whisky in the world with a lineup that begins from 21 years of maturity. The Royal Salute 21 Year Old was launched in 1953 to commemorate the coronation of Queen Elizabeth II, named after the traditional 21-gun salute.Making a twist to its rich heritage, the br
Industry July 22, 2019
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Korean Air opens Cloud Command Center
South Korean full-service carrier Korean Air said Friday that it has opened the Cloud Command Center, which can manage and control all its server data, networks and security around the clock. According to the air carrier, this is the first time a Korean full-service carrier will operate its own IT system cloud. It is also the first time a top Korean conglomerates has adopted such a system. In November last year, Korean Air clinched a deal with LG CNS and Amazon Web Service to transfer its data
Industry July 19, 2019
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Kia Motors begins sales of compact SUV Seltos
Kia Motors began selling its new compact sports utility vehicle Seltos on Thursday, which the automaker called it a “game changer” in the global small SUV market which has doubled in size over the last five years. The Seltos, which was unveiled in India last month, can be characterized by its spacious interior with 498 liters of trunk space and a relatively long car body at 4,375 millimeters -- the longest in the small SUV category, according to Kia. &ld
Mobility July 18, 2019
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KITA to open trade information center for small and midsized enterprises
The Korea International Trade Association said Wednesday that it would open a consulting and research center to support small and midsized enterprises in Korea within the second half of this year.According to KITA, the opening of such center, dubbed Center for Trade Information and Strategy, is to offer useful help for small and midsized companies which often encounter trade risks due to lack of personnel and material resources. KITA said the center will run strategic and customized consul
Industry July 17, 2019
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South Korea’s eco-friendly car exports take off
South Korean exports of environment-friendly cars, such as hybrid and electric vehicles, soared over the seven years ending last year as global demand shifted away from combustion-engine cars, industry data showed Tuesday. The data from the Korea Automobile Manufacturer Association showed that from 2012 to 2018, the country’s automotive exports fell by an annual average of 4.2 percent, but exports of eco-friendly cars rose by an average of 33.1 percent per year.A total of 196,000 eco-
Mobility July 16, 2019
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