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[Tyler Cowen] How should you talk to ChatGPT?
[Editorial] Dispute on start of old age
[Wang Son-taek] Trust necessary for stronger extended deterrence
N. Korea holds military parade in Pyongyang to mark armed forces' founding anniv.: source
[Today’s K-pop] NCT Dream drops 1st Japan single
TV actors Kim Yoo-jung, Jung So-min make theater debut with ‘Shakespeare in Love’
Vietnam War haunts S. Korea as it seeks to settle Japan dispute
11-year-old boy dies from alleged abuse by father, stepmother
YG's next big thing: Baby Monster members unveiled
Shinhan reclaims top financial group crown after three years
Hana Financial vows $300,000 for Turkey aid
[KH Explains] Why Samsung won't call production cut ‘a cut’
Seoul cancels plan for new bus fare system, but fare hikes still on
Web novels follow webtoons' successful footsteps
Philip Morris bets big on low-priced Iqos
Genderless goes mainstream in luxury fashion sector
Bong Joon-ho’s 4K remastered ‘The Host’ to hit France next month
Seoul shares end higher on foreign buying after Powell comments
SK Innovation board chief stresses governance innovation
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Philip Morris bets big on low-priced Iqos
Feb 8, 2023
The South Korean unit of international tobacco company Philip Morris Korea said on Wednesday it will release Iqos Iluma One in Korea this month, amid the tobacco companies' heated competition for market share in Korea. "The newly released Iqos Iluma One, which is the latest addition to our flagship heat-not-burn electronic cigarette brand Iqos, is most characterized by its all-in-one design," said PMK managing director Paik Young-jay during a press conference. According to Paik, u
Pulmuone pushes for ready-meal vending machines in Korea
Feb 7, 2023
Korean food giant Pulmuone is in talks with US food-tech company Yokai Express to sign a deal before July for the launch of vending machines that can cook instant meals, the firm said Tuesday. "Pulmuone is in due process of securing exclusive rights to distributing and installing Yokai Expresss' vending machines that will sell Pulmuone's products in Korea," a Pulmuone official told The Korea Herald. "We aim for the contract to be signed during the first half of this year
Foreign shoppers flock back as pandemic nears its end
Feb 7, 2023
International shoppers are returning to South Korea amid eased virus restrictions, seeing sales rebound for local department stores. Hanwha Galleria, the retail arm of the Hanwha Group, said on Tuesday that sales in the luxury goods section at the Galleria Department Store in Apgujeong-dong, a posh shopping district in southern Seoul, had increased by 500 percent on-year between August and January. Hanwha Galleria’s Apgujeong branch is one of the most popular tourist destinations in Gangna
[Newsmaker] [From the Scene] Robot shelves, packagers behind Coupang's ultra-fast Rocket Delivery
Feb 7, 2023
Robots replace certain human jobs, but create more for sophisticated management
KT&G aims big for overseas expansion
Feb 5, 2023
KT&G, South Korea's dominant tobacco company, is making aggressive inroads into overseas markets in a bid to increase its sales and market share abroad, according to the company on Sunday. Aiming to foray into foreign markets, the company recently signed its first long-term sales and purchase agreement with global tobacco maker Philip Morris International. Under the 15-year agreement that lasts until January 2038, KT&G will be providing PMI with its heat-not-burn "lil" bra
[Graphic News] Exports of soju up 13.2%
Feb 3, 2023
Exports of soju, South Korea’s traditional distilled liquor, increased 13.2 percent in 2022 from a year earlier, data showed, rebounding for the first time in three years. Outbound shipments of soju reached $93.3 million in 2022, rising sharply from $82.4 million tallied a year earlier, according to the data compiled by the Korea Customs Service. In terms of volume, exports advanced 12.7 percent to reach 67,104 metric tons, the data showed. Soju is a clear, distilled liquor made with grain
Hygiene warning issued for McDonald's stores in Korea
Feb 1, 2023
McDonald's was found to have received hygiene warnings from the nation's food safety authorities more frequently than its smaller rivals here, according to a parliamentary report on Wednesday. Citing data submitted by the Ministry of Food and Safety, Rep. Ko Young-in of the main opposition Democratic Party of Korea said in the report that the US hamburger chain with some 400 outlets nationwide received a total of 91 penalties in the 2018-2022 period. The data showed that McDonald'
Paris Baguette opens 100th franchise store in US
Jan 30, 2023
Korea’s leading bakery franchise Paris Baguette has launched its 100th franchise store in the US, stepping up its overseas business, its operator SPC Group said Monday. Reaching the milestone with the opening of "Paris Baguette Red Bank" in New Jersey, the company aims to introduce 1,000 stores across the US market by 2030. According to the food company, Paris Baguette plans to sign 160 additional franchise deals this year. Entering the US in 2005, Paris Baguette has worked on en
Lotte Duty Free wins rights to run Melbourne Airport shops
Jan 25, 2023
Lotte Duty Free said Wednesday it clinched a 10-year contract to become the new operator of Melbourne Airport duty-free shops, in a bid to make further inroads into the Oceania market. According to the South Korean duty-free goods retailer, starting June 1, Lotte will offer a duty-free experience in the Australian terminal’s existing 3,600 square meter duty-free space, as well as the airport’s online e-commerce platform. The South Korean retailer became the preferred bidder for the O
Popeyes makes strong Korean comeback
Jan 24, 2023
US fried chicken fast food chain Popeyes is reporting strong sales after its return to the South Korean market. According to Silla Group, the operator of Korean Popeyes outlets, more than 5,000 customers visited its Gangnam branch during the first three days of the chain's relaunch, which took place on Dec. 16. In addition, as of Tuesday, more than 50,000 chicken sandwiches -- the chain's newly launched flagship menu -- were sold during the month after the store's first opening. T
History of Seollal gifts
Jan 23, 2023
South Koreans’ Seollal gift packages appear to have no limit on what they can contain. Gift packs full of spam, preserved tuna or soap are the most frequently exchanged. However, there are thousands of different Seollal gift sets. South Korean convenience store chain GS25 in December unveiled its Seollal gift catalog with more than 850 kinds of gift sets, which include a 9 million-won ($7,260) bottle of Le Pin wine while another includes a rabbit-carved gold medal for the coming year of th
Pesticides found in Shin Ramyun Black Tofu & Kimchi exports to Taiwan
Jan 19, 2023
Hazardous substances were detected in Korean food company Nongshim's flagship ramen products to Taiwan, according to the Taiwan Food and Drug Administration Thursday. Nongshim's exports of Shin Ramyun Black Tofu & Kimchi cup noodles to Taiwan failed to pass the country's customs inspection, the TFDA said. According to the TFDA, 0.075 milligram per kilogram of ethylene oxide, or EO, had been found in soup packets of each instant cup noodle product. EO, which is largely used for
Ex-Gucci CFO named head of Shinsegae International
Jan 17, 2023
Fashion and cosmetics retailer Shinsegae International said Tuesday it appointed a luxury fashion expert William Kim as its new CEO, in a bid to strengthen the company's luxury fashion business and sharpen the company's digital edge. Kim's previous career includes having served as a chief financial officer at Gucci, where he worked in teams with partners including Stella McCartney, Alexander McQueen and a number of luxury timepiece brands including Bedat & Co. According to Shi
Naver aims to improve Poshmark tech amid market jitters
Jan 15, 2023
South Korean internet giant Naver on Friday unveiled a slew of new projects aimed at giving Poshmark, the US reselling platform it acquired early this month, a technological edge and returning it to profit. Naver took over Poschmark for $1.31 billion on Jan. 6, in its largest-ever deal. As their first collaboration, called "Posh Lens," Naver will be providing Poshmark with the internet firm's visual search technology to allow users to be able to find products they want by taking p
Orchestra Private Equity to acquire KFC Korea for 60 billion won
Jan 13, 2023
Orchestra Private Equity, a private equity firm based in Singapore, has signed a stock purchase agreement to acquire chicken franchise KFC Korea, according to industry sources on Friday. Under the deal signed on Thursday, Orchestra PE will purchase a 100 percent stake in KFC Korea from KG Group, a chemical-to-steel company based in Seoul. The transaction has an estimated worth of 60 billion won ($48.3 million) to 70 billion won. KFC Korea has been on sale for a year by KG Group which took ov
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