Articles by Kim Da-sol
Kim Da-sol
ddd@heraldcorp.com-
[pre-IFA] IFA 2018 to showcase smart appliances, AI solutions and mobility
ROME -- This year’s IFA, Europe’s biggest exhibition of consumer electronics, will see smart and connected devices for home appliances as well as artificial intelligence-incorporated consumer electronics take center stage, including those from South Korean tech giants Samsung and LG.“While AI is a key for the connected world, I see Samsung and LG leading the market. Korean companies are building huge research centers overseas and from what I see so far, I think they are doing it in an excellent
Industry April 22, 2018
-
Amorepacific holds three-day event to boost morale
South Korean cosmetics giant Amorepacific has kick-started a lavish company event under the lead of Chairman Suh Kyung-bae from Thursday, with the participation of some 600 employees, according to industry sources.AmorepacificExecutives and rank-and-file members of the company are participating in the three-day event that includes hiking in Pyeongchang, Gangwon Province, with a budget of some 1 billion won ($940,000), according to one source.The five-hour hiking program was Suh’s idea to help aw
Industry April 19, 2018
-
[Feature] Competition heats up in growth of health, beauty stores
When South Korean versions of drugstores were first introduced here in the 2000s, it took time for people locally to grasp what they actually were.They sold makeup, over-the-counter medicine and even snacks, a product lineup that at first seemed random, with items people were used to buying separately in specialty stores -- pharmacies, department stores and convenience stores.It took little time for the concept of health and beauty stores, or H&B, to become common among consumers here, boosted b
Industry April 19, 2018
-
E-mart unveils autonomous shopping cart Eli for test run
E-mart, a South Korean discount chain operator under retail giant Shinsegae, unveiled an autonomous shopping cart Tuesday for a test operation, amid the company’s efforts to solidify its offline distribution base. A model tries out E-mart’s autonomous shopping cart Eli at E-mart Traders in Hanam, Gyeonggi Province, Tuesday. (E-mart)For the first time in Korea, an autonomous cart will be showcased at E-mart’s warehouse-style supermarket Traders in Hanam, Gyeonggi Province, from Tuesday to Friday
Industry April 17, 2018
-
Air Busan cabin crew under fire for allegedly mocking passengers
South Korean low cost carrier Air Busan, a subsidiary of Asiana Airlines, came under fire Tuesday after a flight attendant uploaded a photo to her social media allegedly mocking passengers. A screen capture of an Air Busan flight attendant’s Instagram (Instagram)A flight attendant aboard a plane heading for Busan from Jeju Island three months ago uploaded a photo of passengers to her Instagram account on Saturday. She added a caption reading, “All same permed hair (feat. Omegi rice-cake 400 box
Industry April 17, 2018
-
Korean Air heiress lawyers up
A legal battle lies ahead for Korean Air Senior Vice President Cho Hyun-min, who appointed an attorney Monday and said that she had actually “pushed” -- not thrown -- a cup of water toward an advertising agency manager during a meeting last month. (A screen capture from MBC news)According to Korean Air, the company has appointed lawyer Kim Sang-hyuk from the law firm Sejong to “cooperate with the police probe that is currently under way.” “We want to truly apologize for what went wrong. We will
Industry April 16, 2018
-
[Herald Interview] Kayak targets Korea’s travel market with one-stop solution
Finding the cheapest flights for a trip overseas can be a painstaking process. Many have experienced the agony of seeing the price of an airline ticket fall after purchasing it. Browsing online for the best travel deals can also be exhausting.With Koreans traveling more frequently than before, demand has risen for the most efficient way to land the cheapest tickets at the right time. Government statistics showed that at least 26 million people here traveled abroad in 2017, meaning that 50 percen
Industry April 16, 2018
-
Coupang records 40% jump in sales
Annual sales of South Korean e-commerce company Coupang jumped 40 percent last year to 2.68 trillion ($2.49 billion), amid its move to strengthen direct buying of foreign goods and solidify its signature Rocket Delivery service. CoupangThe increase in profit has been attributed to reducing the rate of operating loss, calculated by net loss divided by turnover, improving from 30 percent in 2016 to 24 percent last year. It logged 638 billion won in losses as of last year. The company’s gross prof
Industry April 16, 2018
-
Hanmi Pharma gives up on development of lung cancer drug Olita
South Korean pharmaceutical firm Hanmi Pharmaceutical is expected to cease development of Olita, a lung cancer treatment, following its slow progress in clinical trials and cancellation of licensing deals with foreign drug makers. According to the Ministry of Food and Drug Safety, Hanmi submitted a plan to end the development of Olita 200 mg and 400 mg. The ministry has given a green light for sales of Olita in 2016, on condition that phase 3 clinical trials data are submitted. Olita, until rece
Industry April 13, 2018
-
Police to look into Korean Air heiress over alleged assault
Police said Friday they would look into the heiress of Korean Air’s alleged assault at a company meeting, where she is suspected of throwing a cup of water at an employee of an advertisement company last month. Cho Hyun-min, executive director of Korean Air (Korean Air)Seoul’s Gangseo Police Station launched a preliminary investigation to determine whether there are enough grounds for violations of laws subject to formal investigation. The incident surfaced online Thursday after an anonymous wri
Industry April 13, 2018
-
‘Small-giant’ retailer Style Nanda captures eye of L’Oreal
Social network platforms were abuzz with the news of South Korea’s fashion and beauty brand Style Nanda deciding to sell its 70 percent stake to L’Oreal for 400 billion won ($37 billion) on Tuesday. Style Nanda CEO and Founder Kim So-hee (Kim So-hee instagram)Industry insiders said it is a representative case of the global beauty giant recognizing the brand power of a Korean label, particularly in the Chinese market.According to Swiss financial services company UBS, Style Nanda’s deal partner,
Industry April 11, 2018
-
Incheon Airport touted as convenient service provider for PyeongChang Olympics, Paralympics
Incheon Airport successfully achieved the role of a transport hub during the 2018 PyeongChang Winter Olympics and Paralympics in February and March, the airport said, citing feedback from Olympics athletes and related officials. Incheon International Airport CEO Chung Il-young (left) shakes hand with International Paralympic Committee President Andrew Parsons at Incheon Airport in March. (IIAC)South Korea‘s main gateway operated special arrival and departure services exclusively for Olympics te
Industry April 11, 2018
-
‘Irreversible’ change expected in Samsung when uncertainty is cleared: FTC chief
South Korea’s top conglomerate Samsung Group is likely to make an “irreversible” change after uncertainty over the fate of its de facto head is cleared, the head of the nation’s antitrust watchdog said Tuesday, referring to an upper court’s ruling on Samsung Electronics Vice Chairman Lee Jae-yong.FTC Chairman Kim Sang-jo (Yonhap)The Supreme Court has been reviewing Lee’s case since last month. It is expected to take up to about six months to hand down the final ruling on Lee, who was freed on a
Industry April 10, 2018
-
Korea Yakult achieves sales of W1tr in 2017
Korea Yakult, a household name in the yogurt and fermented dairy product market in Korea, said it achieved sales of 1 trillion won ($940 million) in 2017, five years after it spun off its instant noodle division Paldo. Korea Yakult’s fermented milk products (Korea Yakult)In 2012, Korea Yakult spun off Paldo following the release of its hit chicken-based instant noodles Kkokkomyeon in 2011. Korea Yakult’s sales after the spin-off dwindled to around 900 billion won. According to data from the Fin
Industry April 9, 2018
-
GS E&C’s operating profit surge 544 percent in Q1
GS Engineering & Construction said Monday that its first-quarter operating profit jumped more than fivefold compared to its profit on-year.From January 1 to March 31, the company made a total of 380 billion won ($356 million) of operating profit, a 554.75 percent jump from the previous year, according to GS E&C. Its operating profit has been showing a positive figure for 16 consecutive quarters, it added. The company said a sharp increase in operating profit is attributable to constant gain from
Industry April 9, 2018
Most Popular
-
1
1 in 3 Koreans live alone, family types becoming diverse
-
2
Korea, Japan finance chiefs vow to tame rampant FX market volatility
-
3
US 'incredibly concerned' about suspected NK-Iran military ties
-
4
K-pop group's manager dismissed for setting up spycam in theater dressing room
-
5
K-pop singer lost consciousness after being hit by foul ball, cancels show
-
6
Korean Muslim YouTuber's plan to build mosque in Incheon goes viral
-
7
[Kim Seong-kon] Democracy and the future of South Korea
-
8
Yoon's office denies considering liberal figures for key posts
-
9
Why is Apple Pay struggling to get purchase in Korea?
-
10
Seoul says Fu Bao loan 'not going to happen'