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Mon, August 20, 2018 | 22:30

Biz & Tech > Light industries >

OCI, Hanwha suffer in US, China

Solar energy-related firms here are expected to suffer greatly as the Chinese government has recently decided to suspend construction of new solar power plants.

Light industries | 2018-06-08 16:57

Skincare gadgets becoming household necessity

The demand for electronic skincare devices is growing as consumers seek more affordable and time-efficient options to use at home rather than visit a dermatologist clinic. Electronics firms have been promoting a wide range of products, claiming they improve skin tone and suppleness using various light frequencies, sonic waves, and ion charges..

Light industries | 2018-06-07 16:37

Hanssem angers jobseekers for deceitful recruitment

Hanssem has recently angered young jobseekers, since the company unexpectedly notified final candidates in the hiring process that they would be hired as contract workers, not permanent employees. Although the nation's leading furniture brand has since apologized and decided to hire all the new employees as regular workers, some applicants said they will boycott the final int...

Light industries | 2018-06-07 15:52

Lotte Group grappling with leadership void

Concerns are mounting over Lotte Group, which has been plagued by a leadership vacuum since February after Chairman Shin Dong-bin was jailed for offering bribes to former President Park Geun-hye. Korea's fifth-largest business group needs to do its utmost to make inroads into foreign markets to overcome the worsening domestic sales in its confectionary and retail businesses, ...

Light industries | 2018-06-06 16:54

Foreign whisky makers exiting Gangnam

Diageo Korea has decided to leave Gangnam, an affluent district in southern Seoul where much of Korea's whisky consumption occurs, to save on office rental costs. Its smaller rival Pernod Ricard Korea already moved its headquarters to central Seoul from Gangnam last July for the same reason.

Light industries | 2018-06-06 16:22

Brewers opting to import foreign brands

Beer companies here have been rushing to bring foreign beer brands to Korea rather than investing to develop their own beers, citing the lower tax rates levied on imported beer, according to industry analysts Wednesday. Growing consumer preference for beers imported from overseas, especially Europe and Japan, has also prompted local brewers to sign sales contracts with foreig...

Light industries | 2018-06-06 15:26

Corporate sponsors dying to hire BTS

The rising popularity of boy band BTS is also raising their value for TV commercials and other ads, and sees advertisers rushing to hire the K-pop sensations to endorse their products. After garnering global successs with previous releases, BTS are currently rocking the globe with their “Love Yourself: Tear” album, topping the Billboard 200 album chart soon after its May 18 r...

Light industries | 2018-06-05 17:24

LVMH ordered to recall toxic Dior Nail Glow

LVMH Cosmetics' Korean affiliate has been ordered to stop selling and recall Dior Nail Glow, which is alleged to contain harmful substances, the Ministry of Food and Drug Safety said Tuesday. The ministry urged consumers, who bought the cosmetics product, to take the defective item back to the seller.

Light industries | 2018-06-05 16:30

Hansae family's millionaire babies raise eyebrows

Hansae Yes24 Holdings has been embroiled in controversy recently, following its May 18 announcement that each of two babies born to the owner family last year acquired company stocks worth over 400 million won ($374,356). According to the Seoul-based firm's regulatory filing, Tuesday, Kim Si-yun born Feb. 8, 2017, and Kim Kyu-jun born June 19, 2017, each hold 50,000 shares in...

Light industries | 2018-06-05 15:38

Korean conglomerates disbanding 'control tower'

On the heels of a corruption scandal surrounding convicted President Park Geun-hye, domestic conglomerates are disbanding their so-called “control towers” in which key officials from their affiliates and subsidiaries comprise an organization controlling the groups' important decision-making processes.

Light industries | 2018-06-04 16:52

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Reunion with long-lost family members [PHOTOS]