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Fri, October 20, 2017 | 21:25

Biz & Tech > Light industries >

Popular dried laver products get boost for more exports

When top Korean actress Ko Hyun-jung returned to the entertainment industry in 2004, people asked her what her beauty secrets were. Her reply was “kimchi jjigae” (kimchi stew) with “gim,” or dried seaweed, indicating that she stuck to a standard Korean diet. Gim toasted on briquette fire, drizzled with sesame seed oil and then cut into small rectangular pieces is a common fea...

Light industries | 2017-09-15 15:44

Lotte Mart set to pull out of Chinese market

Lotte Mart is apparently leaving the Chinese market in the face of growing retaliatory steps by Beijing against South Korea’s installation of a U.S. missile defense system. Lotte Group, the nation’s fifth-largest conglomerate, has not ruled out selling all of its 112 Lotte Mart outlets in the country. It said it has hired Goldman Sachs as the lead manager for the disposal.

Light industries | 2017-09-14 21:29

Lotte urged to leave two major stations

The government has recently demanded Lotte close its stores at Seoul and Yeongdeungpo stations, citing the expiration of the 30-year contract with the retail giant, industry sources said Thursday. According to the sources, the Ministry of Land, Infrastructure and Transport said possession of the two major train station stores in Seoul will be returned to the state during a me...

Light industries | 2017-09-14 16:35

McDonald's resumes bulgogi burger sales after scandal

McDonald’s Korea will resume sales of bulgogi burgers at its restaurants Friday as health authorities confirmed the product is not responsible for the enteritis outbreak involving one of its stores. The fast food chain temporarily suspended the sales of the bulgogi burger last month, because seven primary school students and their teacher complained that they had suffered fro...

Light industries | 2017-09-14 15:59

Lotte demands Incheon Airport reduce rent amid losses

Lotte has officially asked the state-run Incheon International Airport Corp. (IIAC) to lower its rent for the company’s duty free shops at the airport, the retail giant said Wednesday. The stores have experienced sluggish sales on the declining number of inbound Chinese tourists, following China’s retaliation against Korea’s deployment of a U.S. anti-missile system. Korea’s t...

Light industries | 2017-09-13 15:19

'Start from worst case scenario'

What tells good consults from bad ones for risk assessment and management? Thinking fast and offering a reliable set of solutions to a given problem should be it.

Light industries | 2017-09-13 10:39

Asiana reduces flights to China amid THAAD row

Asiana Airlines will reduce its number of flights to China starting late next month, and operate smaller planes bound for the country, Korea’s second-largest air carrier said Monday. The decision came after the deployment of four additional launchers for a U.S. anti-missile Terminal High Altitude Area Defense (THAAD) battery here last week, which provoked a strong backlash from the world’s most populous country.

Light industries | 2017-09-12 17:57

[INTERVIEW] Takeda Korea breaks conventions

Seniority-based personnel management, a rigid corporate culture and a homogenous workforce have been cited by many pundits as some of the attributes that define Japan Inc. But Takeda Pharmaceuticals, Japan’s largest drug company, refuses to be characterized as a typical corporate giant, according to the head of its Korean unit, who said it has embraced a multiracial workforce...

Light industries | 2017-09-10 17:43

Former KOTRA vice president helps small firms go global

Changwon National University professor Woo Ki-hoon hopes to spend the rest of his career helping small- and medium-sized companies go global. Woo, 60, studied international economics at Yonsei University and Paris 13 University in the early 1990s. Since then, he has developed a keen interest in developing ways to help small Korean companies compete effectively globally.

Light industries | 2017-09-07 17:17

[INTERVIEW] Yebisu beer hits shelves

Premium Yebisu beer is now available in cans at convenience stores, discount chains and department stores nationwide. Besides Japan, Korea has become the only country where the high-end Sapporo Breweries beer is available through official distribution channels. Koreans have been able to enjoy Yebisu draft beer at several luxury hotels and Japanese restaurants here since last ...

Light industries | 2017-09-07 17:06

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Lunch with Navy sailors