The Korea Times

Hanwha chairman's 3rd son to create space for MZ Generation in Apgujeong

By Kim Jae-heunKim Dong-seon, head of strategic management at Hanwha Galleria and third son of Hanwha Group Chairman Kim Seung-youn, is leading a plan to create a special space for future customers belonging to the MZ Generation, company officials said Tuesday.Head of Strategic Management at Hanwha Galleria Kim Dong-seonKim, born in 1989, is himself a Millennial, part of the MZ Generation along with Generation Z. This year he has been aggressively launching pop-up stores of well-known local designer brands in order to attract young customers.Early this year, Kim opened temporary stores of domestic brands such as Thug Club and Undermycar. This month, the head plans to invite Darkroom Studio to open its pop-up store for the first time in the local department store. Darkroom Studio is a domestic brand created by rapper Simon Dominic, fashion designer Jung Yong-mok and Han Seung-jae. “Following our successful retail business in the luxury segment, we have decided to purchase real estate to provide Hanwha Galleria's distinguished content to the MZ Generation under Kim's leadership.

Apr 27, 2023By Kim Jae-heun

Hanwha chairman's 3rd son to create space for MZ Generation in Apgujeong

Companies

Bhc opens second Super Duper near Hongik University

Super Duper's new branch near Hongik University / Courtesy of bhcBy Kim Jae-heunBhc has opened its second Super Duper hamburger restaurant near Hongik University in western Seoul, where many young people hang out, the company said Wednesday.Im Geum-ok, bhc Group CEOThe American hamburger franchise's new branch has a total of 43 seats, like its very first restaurant in Gangnam, southern Seoul. The exterior design of the new restaurant adopts warm orange lighting to illuminate the entrance.The restaurant's interior design gives visitors a sense of relaxation by using wood and orange ceilings and walls. The service zone and the dining zone are separated in the restaurant in consideration of visitors' comfort. The new hamburger restaurant offers a menu consisting of its newly launched Cordon Bleu Burger and Super Duper Burger set as well as the brand's signature item Super Single Burger and more. “Thanks to our successful launch of the first Super Duper restaurant in Gangnam, we opened a new restaurant near Hongik University where many youngsters and foreign tourists visit,”

Apr 27, 2023By Kim Jae-heun

Bhc opens second Super Duper near Hongik University

Companies

CJ OliveNetworks expands cultural life platform service

A promotional poster for CJ OliveNetworks' new ONE PICK CULTURE service / Courtesy of CJ OliveNetworksBy Kim Jae-heunCJ OliveNetworks' lifestyle membership service CJ ONE has expanded its Culture Town event invitational service into ONE PICK CULTURE to offer more benefits to its 29 million members, the company said Wednesday.ONE PICK CULTURE offers cultural events selected by CJ ONE. It is a cultural life platform that invites members to various artistic and cultural events such as art exhibitions, concerts, movies and hot places. Through the opening of the ONE PICK CULTURE platform, CJ ONE has expanded its cultural event curation into popular culture and introduced a “one pick ticket” that members can use to get into cultural events. Also, it has strengthened content and benefits for members through its YouTube channel and Instagram account. CJ ONE members can receive their one pick ticket without limitation whenever they accumulate membership points from CJ Group's affiliated brands and use them to download discount coupons or apply for free invitational events. In the

Apr 26, 2023By Kim Jae-heun

CJ OliveNetworks expands cultural life platform service

Companies

P&G Korea adopts Life Cycle Assessment methods for sustainability

P&G Korea ESG Leader Daisy Ye speaks during a press conference in Seoul, Tuesday. Courtesy of P&G KoreaBy Kim Jae-heunGlobal household goods maker P&G Korea announced it will adopt Life Cycle Assessment (LCA) methodologies as its new approach to tackle the climate crisis and achieve sustainability during a press conference in Seoul, Tuesday. The event was designed to introduce LCA in detail and to share the company's efforts in related fields while encouraging consumers to engage in eco-friendly practices in their daily lives. Tak Heo, professor of Chemical Engineering at Konkuk University and president of Korea Academy of Environmental Science, presented first, introducing the current trends in global environmental sustainability business. To achieve true carbon neutrality, Heo stressed the need for a transition from existing linear systems of “production-consumption-disposal” to a cyclical system, which repeats “production-consumption-collection-recycling.” The professor introduced LCA as a new paradigm for the transition to a circular system. LC

Apr 25, 2023By Kim Jae-heun

P&G Korea adopts Life Cycle Assessment methods for sustainability

Companies

XM3 outperforms other compact SUVs with spacious room, fuel efficiency

Renault Korea Motors' XM3 E-TECH hybrid models are seen being driven in an urban area in this promotional photo. Courtesy of Renault Korea MotorsBy Kim Jae-heunRenault Korea Motors' small sport utility vehicle, XM3, is outperforming other car companies' equivalent models amid intensifying competition in the domestic market, the company said Monday.Over 22 percent of cars sold in Korea last year were small SUVs. As one out of five cars sold here were small SUVs, many automakers have strived to cash in on the lucrative market. Hyundai Motor's Kona, Chevrolet's Trailblazer, KG Mobility's Tivoli and Renault Korea Motors' XM3 are engaged in a heated rivalry currently and Chevrolet's Trax crossover has also joined the fray.Renault Korea Motors says that the XM3's commercial value stands out among its competing models. First, the XM3 has the longest wheelbase among all small SUVs sold in the country at 2,720 millimeters. The wheelbase is a good indicator when trying to estimate the legroom in the back seats. It also has the longest body length, which is receiving positive feedback from cons

Apr 25, 2023By Kim Jae-heun

XM3 outperforms other compact SUVs with spacious room, fuel efficiency

North Korea

S. Korea, US step up efforts to block NK's illegal cyber activities

A file image of North Korean leader Kim Jong-un is televised on a news program reporting North Korea's missile launch on a TV monitor at Seoul Station in Seoul, on April 13. AP-YonhapBy Kim Jae-heunSeoul has imposed independent sanctions on a North Korean national named Sim Hyon-sop for financing the North's nuclear and missile development programs through illegal cyber activities, the Ministry of Foreign Affairs said Monday. This is the first sanction simultaneously placed by both South Korea and the U.S. on a North Korean individual for illegal cyber activities. The move is the result of close cooperation between the two allies aiming to substantially hamper North Korea's illegal activities.Sim is a staff member of the North's Korea Kwangson Banking Corporation (KKBC), which has been placed under sanctions by the United Nations Security Council. He has been accused of creating fake bank accounts and laundering money to raise funds for North Korea's nuclear weapons development program.He is also suspected of laundering millions of dollars in illegal funds, including cryptocurrencies

Apr 24, 2023By Kim Jae-heun

S. Korea, US step up efforts to block NK's illegal cyber activities

Companies

Ballantine's unveils new premium whisky collection in Korea

Ballantine's Master Blender Sandy Hyslop speaks to the press during a launching event for the 40 Years Old Masterclass Collection in Seoul, on Monday. Courtesy of Pernod Ricard KoreaBy Kim Jae-heunBallantine's, the world's No. 2 Scotch whisky brand, unveiled a new collection of premium liquors serving as a tribute to past and present master blenders.The 40 Years Old Masterclass Collection series kicks off the release over five years of five exceptional expressions of Ballantine's whisky, the company said Monday.The collection celebrates the five essential skills that Jack Goudy, master blender between 1959 and 1994, passed on to his apprentice Sandy Hyslop, now a world-renowned master blender himself. The first release in the collection, launched this year to mark Hyslop's 40th anniversary in the industry, is named “The Remembering.” The blend is both complex and harmonious, with a carefully crafted influence from whisky of the now-closed Dumbarton Distillery, where Hyslop first learned from Goudy in his journey to becoming a master blender. The Remembering is a balanced

Apr 24, 2023By Kim Jae-heun

Ballantine's unveils new premium whisky collection in Korea

Companies

OB urged to diversify product portfolio

A consumer picks up a Cass bottle at a large discount store in Seoul in this 2022 file photo. YonhapBy Kim Jae-heunOriental Brewery (OB) is facing growing calls to diversify its product portfolio as it generates more than half of its sales from the Cass brand of lager, according to industry officials Sunday.Annual sales of Cass lager are estimated to be over 1 trillion won ($750.7 million), which accounts for at least 64 percent of the firm's 1.56 trillion won in sales last year. Against this backdrop, OB has been trying to launch a series of new brands over the past few years, but to no avail.In 2019, it launched the very first sparkling liquor, FiLGood, but the product lost in its competition against Hitejinro's FiLite, which sold over 1.6 billion cans last year. Two years later, OB introduced an ambitious rice beer known as Hanmac, but it also failed to make a strong enough presence in the local beer market due to the prolonged COVID-19 pandemic, which saw many bars and restaurants closed during that time.In 2022, OB launched the wheat beer, Cass White, but it failed to grab consu

Apr 23, 2023By Kim Jae-heun

Companies

2,000 people participate in Sky Run at Lotte World Tower

Lotte P&D CEO Ryu Je-don speaks during Sky Run's opening ceremony held in Lotte World Tower in Seoul, on Saturday. Courtesy of Lotte P&DBy Kim Jae-heunMore than 2,000 people participated in the Sky Run marathon running up 2,917 steps to the observatory of the country's tallest building, Lotte World Tower, Lotte Property & Development (Lotte P&D) said on Sunday.The company has been hosting Sky Run every spring since 2017, inviting a total of about 6,000 competitors. Not many joined the event during the COVID-19 pandemic. But participation reached an all-time high this year, after changes to the rules around the wearing of face masks.People from all around the world including the United States, China, Japan and Taiwan, participated in the latest Sky Run on Saturday. The youngest runner was five years old and the oldest was 81.“We hope the participants have a safe and enjoyable race as the goal of this competition is to create a meaningful experience regardless of gender,” Lotte P&D CEO Ryu Je-don said during the opening ceremony held at Lotte World Tower

Apr 23, 2023By Kim Jae-heun

2,000 people participate in Sky Run at Lotte World Tower

Companies

Musinsa launches makeup brand

Musinsa's newly launched cosmetics brand Oddtype's lip care products / Courtesy of Musinsa By Kim Jae-heunMusinsa has launched a new cosmetics brand called Oddtype to expand its business portfolio, Korea's largest online fashion platform said Thursday.Oddtype is a vegan-certified brand that Musinsa created to target young MZ Generation customers. As the name suggests, Oddtype products are differentiated from those of other cosmetics firms by giving unique names to its various color types. Instead of describing product colors as simply red or pink, Oddtype lip products use names such as “Uri” and “Jayu,” which mean “we” and “freedom” in Korean.“We wanted to create a new brand that pursues uniqueness, something that breaks away from cliches. Cosmetics is an extended business of fashion. Like how Musinsa grew with casual street brands in a saturated fashion market, we know there is a niche market for those who seek new makeup items,” a Musinsa official said. Currently,

Apr 21, 2023By Kim Jae-heun

Kim Jae-heun

Read more

Hanwha chairman's 3rd son to create space for MZ Generation in Apgujeong

Bhc opens second Super Duper near Hongik University

CJ OliveNetworks expands cultural life platform service

P&G Korea adopts Life Cycle Assessment methods for sustainability

XM3 outperforms other compact SUVs with spacious room, fuel efficiency

S. Korea, US step up efforts to block NK's illegal cyber activities

Ballantine's unveils new premium whisky collection in Korea

OB urged to diversify product portfolio

2,000 people participate in Sky Run at Lotte World Tower

Musinsa launches makeup brand

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