Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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On May Day, labor unions blast Yoon's foreign nanny proposal
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Beauty stores ‘battered’ by coronavirus pandemic
Once the symbol of South Korea’s K-beauty boom, cosmetics franchise stores are now declining at an alarming rate as international tourism dwindles and online shopping takes the spotlight during the pandemic. Myeong-dong, one of the most popular downtown shopping districts, took the shopping crunch hard. Its stores, which used to bustle with tourists from China, Japan and various Southeast Asian states, are now struggling to survive in the high-rent district amid a dwindling number of visi
Jan. 24, 2021
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Gopizza achieves monthly sales of W100m in Singapore
Gopizza, a Korean pizza franchise specializing in single servings, saw sales break past SG$100,000 ($75,000) in Singapore in December, eight months after its first launch in the country, the company said Thursday. The pizza franchise tapped into the Singaporean market in April 2020, and has been seeing its monthly sales rise steadily, with an increase rate of 20 percent in average following the opening of new outlets, the company said. With December sales of SG$110,000, Gopizza attributed i
Jan. 21, 2021
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Samyang Foods vows to focus on ESG program
Samyang Foods on Thursday unveiled a new corporate management vision that focuses on environment, society and improved corporate governance. The company, known globally for its popular Buldak Spicy Chicken noodles, said it plans to launch an audit committee and a compensation committee in March to actively promote transparency and environment-friendly values in business management. “This year, we will create social values by actively promoting ESG management,” Samyang Foods Pres
Jan. 21, 2021
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Jin Air’s ready meals become a hit amid home meal replacements boom
Low-cost carrier Jin Air has sold over 10,000 of its in-flight themed ready meals in their first month, according to the airline -- nearly one every four minutes. The ready-meal series including beef goulash pasta, rice with cashew chicken chwinamul (aster leaves) and cream pasta was released in November, themed after in-flight meals to cater to those who miss airplane food. “It appears many customers are enjoying our ready-meals to remember the excitement of traveling and quench the thi
Jan. 21, 2021
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Coway’s air purifier wins accolades at CES
For a sixth year in a row, Coway has won honors at this year’s CES technology show, the company said Thursday. The South Korean firm’s air purifier AP-1019D has been recognized for its innovative technology and design at the CES Innovation Awards. Sponsored by the Consumer Technology Association, the organizer of the CES, the awards honor outstanding design and engineering in consumer technology products across 28 product categories. Coway has received the honor in the home app
Jan. 21, 2021
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Speculation over eBay’s sale of Korean unit grows amid appointment of new local CEO
EBay Korea appointed Chun Hang-il as its new chief executive officer on Wednesday, amid growing speculation that the US e-commerce firm is poised to sell its business interests in South Korea. Chun, who previously led the Japanese unit of eBay, will take over from outgoing CEO Byun Kwang-yun from Thursday. The leadership shakeup comes a day after the online retail giant announced it was looking at “alternatives for its Korea business” amid growing competition from the likes of Cou
Jan. 20, 2021
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Coupang offers up to 50% discount for 'global shopping day'
From Tuesday, Coupang is holding a two-day special promotion event, offering up to 50 percent discount on products purchased overseas and products directly imported by the e-commerce firm, the company said Tuesday. During the Jan 19-20 Global Shopping Day, time-limited discount will be provided at 11 a.m. every morning, where items like Samsung 55in Class 8 Series LED Smart Tizen TV, Fujifilm’s instant camera Instax, Ivory Aloe Cosmetic Soap, four-in-one Badger Green Classic Lip Balm 4-S
Jan. 19, 2021
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Myeong-dong: Korea’s largest shopping street faces extended crisis
Bustling, noisy and lively -- it is how Myeong-dong used to be described as Seoul’s premier shopping district. Packed with tourists, food stands and long lines of shops, it is one of the most expensive shopping streets in the world, according to global property firm Cushman & Wakefield’s annual Main Streets Across the World report. But a quick walk around the shopping district nowadays makes it clear that things have drastically changed -- and for the worse. With many shoppe
Jan. 17, 2021
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Market Kurly wins packaging award for cooling cardboard box
Grocery delivery firm Market Kurly has won an award for its insulation packaging from the World Packaging Organization, the company said on Friday. The WorldStar Global Packaging Award was given to 194 recipients this year, including Market Kurly, which won the prize in the transit category for its eco-friendly insulated corrugated box. The recyclable, corrugated packaging mimics the insulation effect of a cooler with a pad attached to the insides of the box, allowing a layer of air to form b
Jan. 15, 2021
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Starbucks’ first store with disabled staffs hailed as an exemplary
A month into its operation, Starbucks Coffee Korea’s first store committed to making a better workplace for workers with disabilities is showing early success, the coffee chain said Thursday. In early December, Starbucks Korea opened a new store inside Seoul National University Dental Hospital, filling half of its 12 staff positions with people with disabilities. From the initial design stage, the US-based coffee chain took in opinions to make the outlet a disability-friendly space fo
Jan. 14, 2021
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CheongKwanJang’s red ginseng gains spotlight amid pandemic
As people looked for ways to enhance their immune system amid the coronavirus pandemic, red ginseng is enjoying a surge in popularity both in Korea and elsewhere, according to Korea‘s leading red ginseng brand CheongKwanJang. “Since the coronavirus outbreak, consumption of red ginseng in Korea has risen for its immune-boosting and other health benefits,” one official at Korea Ginseng Corp. said on Wednesday. “Korean Red Ginseng Concentrated Extract, made of 100 percent
Jan. 13, 2021
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S. Korean retailer confidence worsens for Q1
A majority of South Korean retailers expect their business conditions to worsen slightly in the first quarter of 2021 than three months earlier amid the coronavirus pandemic, a poll showed Wednesday. The Korean Chamber of Commerce and Industry said its retail business survey index (RBSI) stood at 84 for the January-March period of the year, down from 85 three months earlier. The figure is based on a poll of some 1,000 retail businesses across the nation. A reading below 100 means that pessimis
Jan. 13, 2021
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Nongshim expands vegan brand Veggie Garden
Responding to heightened public interest in environmental protection, Nongshim will aggressively promote its vegan food brand Veggie Garden this year, the South Korean food company said Tuesday. Veggie Garden is a convenience food brand developed by the Nongshim R&D Center and the group’s affiliate Taekyung Nongsan, using a manufacturing technology for plant-based meat alternatives. “After we came up with our test products in 2017, we worked with famous vegan chefs in Seoul t
Jan. 12, 2021
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Korean food 2nd-most-popular delivery option on Vroong app
Korean food overtook fried chicken as the second-most-popular delivery food last year, according to on-demand delivery platform Vroong on Monday. While burgers remained the most popular food ordered via Vroong in 2020 and fried chicken was pushed to third place, desserts swapped places with “bunsik” -- a category that includes popular street food items such as gimbap, tteokbokki and fish cakes. Mesh Korea, the company behind the food delivery app, attributed the greater popularit
Jan. 11, 2021
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Coway nominates current CFO as co-CEO
Coway has nominated Seo Jang-won, the current chief financial officer and an expert in strategic planning, as the new co-chief executive officer to strengthen its overseas businesses, the company said Sunday. The electronic home furnishing rental firm said Seo’s promotion has been decided in the latest senior executive reshuffle, and the official appointment will be in a board meeting slated in February. With the reshuffle, the company will be led by two chiefs, the incumbent CEO Lee Ha
Jan. 10, 2021
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Homeplus CEO resigns after 3 years
Homeplus CEO Lim Il-soon intends to resign after leading the hypermarket chain for three years, the company said Thursday. Lim, the first female CEO in the industry, told the company last year that she wished to resign for personal reasons, and the company recently accepted her resignation. Since she was appointed to lead the retail giant in October 2017, Lim has been responsible for many industry firsts, Homeplus said. In 2019 Lim decided to convert some 15,000 contract employees to f
Jan. 7, 2021
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Starbucks Korea rolls out limited Playmobil figurines
Starbucks Coffee Korea on Thursday launched a set of limited edition Playmobil toy figurines, hoping to re-create the successes of their previous merchandise collections. Customers can get one of six tall-size beverages with an accompanying Playmobil figure for 12,000 won. In collaboration with the famed German toymaker, the coffee chain will release a total of eight different Playmobil figurines this month, while the drink and toy combo -- named the Buddy set -- will end on Feb. 3. The fir
Jan. 7, 2021
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South Korean consumers spend record amount of money on alcohol, tobacco
South Koreans’ spending on drinks and cigarettes reached a record high during the third quarter of last year, the Bank of Korea said Tuesday. Households spent 4.3 trillion won ($3.96 billion) on liquor and cigarettes between July and September – a 6.2 percent increase from the same period a year prior, data from the country’s central bank revealed. The figure marks the highest quarterly figure since records began at the central bank in 1970. The year-on-year jump is also th
Jan. 5, 2021
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Victorinox Rescue Tool to deal with black ice encounters
With icy cold weather hitting regions across the country, concerns are rising about increased car accidents on black ice. To be prepared for emergencies, Victorinox presented its Rescue Tool, a continuation of its flagship Swiss Army Knife series that boasts 15 tools useful in such situations. According to the knife manufacturer and luxury watchmaker on Tuesday, among the tools are a one-handed serrated locking blade for precise cutting, a seatbelt cutter in case the user becomes entangled and
Jan. 5, 2021
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Online shopping hits record high in Nov. amid pandemic
Online shopping in South Korea hit a record high in November as more people bought products via e-commerce platforms amid the new coronavirus pandemic, data showed Tuesday. The value of online transactions stood at 15.1 trillion won ($13.8 billion) in November, up 17.2 percent from the previous year, according to the data from Statistics Korea. The use of online shopping increased amid the protracted pandemic as people refrained from visiting offline stores on concerns about infection risks.
Jan. 5, 2021