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Tue, May 30, 2017 | 16:18

Economy > Business >

Rental industry expands to various consumer goods

Brigitte Macron, the new French first lady, caught the public’s attention at the inauguration of her husband, French President Emmanuel Macron, on May 14 with her powder-blue Louis Vuitton suit, loaned to her by the fashion house. No one would have ever guessed that she had only rented, not bought, the stunning outfit. Renting goods - from water purifiers to micro consumer go...

2017-05-26 14:38

[INTERVIEW] 'Brexit' more of opportunity than concern: British chamber

The allure of all things British - from classic luxury fashion brands and iconic beauty brands to the beloved royal family - has had Korean consumers spellbound for many years. But as U.K. Prime Minister Theresa May started last month the two-year negotiations for the country to leave the European Union, following the “Brexit” vote last year, many economic partners, including...

2017-04-21 10:15

Sales of Chinese goods in S. Korea not yet affected despite missile row

Chinese products have yet to suffer from a setback in sales in South Korea despite Beijing's retaliation against South Korean products over Seoul's deployment of an advanced U.S. missile defense system, industry sources said Wednesday. Beijing insists the installation of the Terminal Altitude Area Defense (THAAD) will undermine China's security interests, although Seoul says it is to defend against North Korean provocations, not against China. The Chinese government has shut down many Lotte outlets in China, citing violations of fire safety regulations while banning imports of Korean pop cul...

2017-03-08 15:52

Korean agriculture, food products head overseas

Kim Su-gyeom, 53, head of Ginseng Biotechnology in Dangjin, South Chungcheong Province, remembers eating grilled ginseng while he was helping his parents grow ginseng on their farm. Grilling over a fire took away the bitter taste, and heightened the sweetness of the popular health food. Now as head of Ginseng Biotechnology, he has signed a contract with a distributor in China...

2017-03-03 14:57

Fake news may sway upcoming election

Fake news has become a buzzword everywhere. With hoax stories from illegitimate websites or unreliable personal blogs going out of control, there is growing concern that fake news is likely to be a swaying factor in the upcoming presidential election.

2017-03-02 18:23

Lotte, Gov't sign land swap deal for THAAD deployment

South Korea's military formally signed a land-swap deal with Lotte Group on Tuesday, paving the way for the installation of an advanced U.S. missile defense system this year as scheduled, the defense ministry said.

2017-02-28 10:09

FILA to sponsor Netherlands Olympic teams

The Netherlands Olympic team players will be wearing FILA sportswear while competing for a medal at the upcoming Winter and Summer Olympics in Asia. FILA, a listed Korean sports fashion company, has agreed with the Netherlands Olympic Committee to sponsor the Netherlands Olympic players until 2022, the company said Monday. The deal will enable the Netherlands players in FILA ...

2017-02-27 15:29

Entrepreneur tells stories of comfort women

Yoon Hong-jo, 31, first met former “comfort women” when he was a university student and a member of a non-profit organization. It was when he came across a pressed flower a victim made during therapy sessions that Yoon decided he could do something for them. With the flower, Yoon created the design brand Marymond’s first pattern, which was incorporated into smartphone cases a...

2017-02-24 18:26

Foreign Ministry under fire for trying to relocate 'comfort women' statue

'Meokbang' emerges as new way to relieve stress

The first thing office worker Park Su-hyeon, 29, does when she gets back to home is to turn on her computer and watch YouTube videos. Park, who lives alone in Singapore, checks new videos from her favorite video lists every day, most of them are YouTubers showcasing themselves eating food. While watching, she eats dinner and relaxes. This lasts until she goes to bed.

2017-02-17 17:28

'Meokbang' bittersweet craze in Korea

Children's clothing, school products turn luxurious

Top luxury brands popular with adults are also grabbing the market for children, their sales increasing as kids get ready to go back to school this month or next, industry officials said Monday. Some of the most popular items cost well over 1 million won (US$867). A Gucci-labeled backpack for children is tagged at 1.12 million won, and a lunch box at 975,000 won.

2017-02-13 12:20

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Park's impeachment