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Finance

Industry

Tue, September 24, 2019 | 00:48

[INTERVIEW] Benton makes success with identity products

The curious case of Korean cosmetic company Benton, known for its Snail Bee High Content Essence and Aloe BHA Skin Toner, is that while it started out only six years ago in 2011, it has already achieved significant success. The company’s sales have been growing by 200 percent annually since 2013. When interest in K-beauty products peaked in 2013, foreign consumers gradually l...

Kim Ji-soo | 2017-12-06 10:07

K-beauty sector cautiously optimistic on trade with China

Since Korea’s installation of a U.S. Terminal High Altitude Area Defense (THAAD) in July, the nation’s relationship with China has been tense. In particular, trade between the two nations has stalled as China banned various consumer goods and services from Korea, such as cosmetics and entertainment and halted group tours here. But a few recent signs have made both Chinese con...

Kim Ji-soo | 2017-11-24 10:55

Vita500 wins water footprint certification

Kwangdong Pharmaceutical’s beverage product won the water footprint certification from Korea’s Ministry of Environment. The ministry certified 10 products on Oct. 25., including “Vita500,” Kwangdong’s beverage product containing 500 milligrams of Vitamin C. The water footprint is an environmental indicator which estimates the amount of water consumed by the product over the c...

You Soo-sun | 2017-11-08 17:26

Former big names in K-beauty hope to regain former glory

K-beauty or Korean cosmetics are popular globally, to an extent unimaginable when our mothers and grandmothers first began using these domestic products. The ever-increasing number of Korean brands and products are simultaneously a joy and an overload for consumers. Back in the 1980s and 1990s, just several domestics brands such as AmorePacific and Hankook Cosmetics with its ...

Kim Ji-soo | 2017-07-05 14:42

Alicia Yoon finds her calling with Peach & Lily

One of the highest-flying manufacturing industries in Korea had been cosmetics and beauty products, despite being momentarily set back lately by increased Korea-China tensions over the deployment of a Terminal High Altitude Area Defense battery here. As the new Moon Jae-in administration sets sail, however, China is looking to relax its stance. Nevertheless, cosmetics and bea...

Kim Ji-soo | 2017-05-24 13:45

Construction rigs tackle fine dust

Diesel-engine vehicles have long been blamed as a major cause of fine-dust air pollution now rampant in Korea, but a cleaner alternative is being tested in Daegu. The city office announced on Apr. 17 a demonstration project to replace aged excavators’ diesel engines with electric motors. The Ministry of Environment and the city are splitting the 750 million won ($658,000) cos...

Ko Dong-hwan | 2017-04-26 09:00

Korea looks to cloud seeding in war on fine dust

Bike company CEO on embracing bicycles in cities

Korean cyclists are a formidable group, numbering around 10 million. On weekends, they dominate the parks and roads along the Han River, riding in groups. However, the way Chris Kang, CEO of Trek Bicycle Korea, sees it, more people should be cycling in the city. “Korean cyclists like to ride along riversides and streams, but they are not too keen about riding daily,” Kang sai...

Kim Ji-soo | 2017-03-15 13:13

Thailand can be 'gateway for Korea to ASEAN'

SINGAPORE - ASEAN or the Association of Southeast Asian Nations will be one of the most promising markets in the coming decade on the back of robust economic growth and huge development opportunities. Following the establishment of the ASEAN Economic Community (AEC) a year ago, the competition is heating up to get the upper hand in the 10-member bloc - Brunei, Cambodia, Indon...

Kim Jae-kyoung | 2017-02-12 18:41

[INTERVIEW] Thai PM preaches 'hallyu' as growth model for Asia

Korea's cosmetics brands expanding foothold in Thailand

SINGAPORE _ At a time of uncertainty in the global environment, a growing number of Korean companies are looking to develop new markets in Southeast Asia. Their moves came as Chinese economy is losing growth momentum and United States President Donald Trump is employing an America first policy on trade scaring away key trading partners.

Kim Jae-kyoung | 2017-02-12 17:56

[INTERVIEW] Thai PM preaches 'hallyu' as growth model for Asia

[INTERVIEW] Thai PM preaches 'hallyu' as growth model for Asia

SINGAPORE - Hallyu or the Korean wave has played a critical role in bringing Koreans and Thais and other Asian people together, according to Thai Prime Minister Prayut Chan-o-cha. He said hallyu has emerged as a role model of culture becoming an engine of growth and an enabler of socioeconomic development among nations across Asia.

Kim Jae-kyoung | 2017-02-12 14:21

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