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Thu, September 21, 2017 | 01:25

Economy > Business >

Competition pushes convenience stores to upgrade

The pricy Whole Foods Market grocery stores in the United States make for an interesting visit because of the products and services they offer that are not yet available in Korean stores. For example, one Whole Foods in Richmond, Virginia, features countless aisles of fresh produce, as well as so-called beer bars, salad bars and even olive bars. Shops in other regions exhibit...

2017-09-13 14:34

Maintenance engineer wins LG humanitarian award

A maintenance engineer who saved a man from drowning in the sea has been presented with a humanitarian award from the LG Foundation. A middle-aged couple who saved five people in a house fire also won the award. Lim Jong-hyeon, a 35-year-old engineer at LG Electronics’ customer service center, was passing by a beach in Sokcho, Gangwon Province, Aug. 13. He saw a man swept awa...

2017-08-24 16:31

Two CEOs grow company into go-to K-beauty platform

Entrepreneurs may be wishing for the kind of stress the founders of K-beauty retailer Glow Recipe face after launching their own skin care line in May. The founders of the New York-based retailer, established in 2014, launched two skin care products - a cleanser and a mask. The Watermelon Glow Sleeping Mask sold out in five hours on Glow Recipe’s website. Soon after, it was l...

2017-08-11 11:01

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

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