my timesThe Korea Times
jhkim

Kim Jae-heun

Korea Times Print Reporter

Go to Email

Read more

Companies

Lotte under fire for allegedly copying popular Nongshim snack

Lotte Wellfood's Nogari Chip, left, and Nongshim's Muktaekkang / Courtesy of Lotte Wellfood and NongshimBy Kim Jae-heunLotte Wellfood, the confectionery unit of Lotte Group, is causing consternation as some critics say the firm has allegedly copied Nongshim's popular snack “Muktaekkang,” according to industry officials, Monday.Lotte said it will introduce its “Nogari Chip” product early in September to compete with Muktaekkang, which has been a great seller. But it is currently facing criticism that its new product is too similar, specifically its packaging and product concept.Both snacks use dried pollack as the base material. The difference is that Nongshim used full-grown dried fish whereas Lotte used young dried fish. They both suggest pairing the snack with mayonnaise mixed with red pepper that has been harvested in Cheongyang County, South Chungcheong Province, depicted in the image shown on the product packages. “Cheongyang mayo” is the official name of the two snacks' flavors.“It's pretty much the same concept ― Lotte plagiarized Nong

Aug 28, 2023By Kim Jae-heun
Lotte under fire for allegedly copying popular Nongshim snack
Companies

Bhc CEO joins anti-drug campaign

Bhc CEO Im Geun-ok pose with “NO EXIT” anti-drug campaign message in his office in Seoul, Thursday. Courtesy of bhcBy Kim Jae-heunBhc CEO Im Geun-ok has joined the nationwide anti-drug campaign “NO EXIT” to raise awareness on drug addiction, the fried chicken franchise said Sunday.The campaign, which the National Police Agency and the Korean Association Against Drug Abuse have been promoting since April, aims to eradicate drug abuse. With recent drug-related incidents emerging as social issues, various public figures such as businesspeople, government officials and celebrities have joined the campaign to spread the message aiming to prevent drug use, abuse and crimes. “Drug crimes, which were only heard about in distant countries in the past, are now making the headlines in local newspapers,” the CEO said. “In particular, our future generations of teenagers are falling vulnerable to drug abuse. Bhc Group will actively carry out social contribution activities to create a healthy society without drugs and continuously work to spread a good infl

Aug 28, 2023By Kim Jae-heun
Bhc CEO joins anti-drug campaign
Companies

GS Retail introduces public transportation cards for foreign visitors

A GS Retail staffer buys the company's first public transportation card for foreigners at GS25 convenience store in Seoul, Friday. Courtesy of GS RetailBy Kim Jae-heunGS25, a convenience store chain run by GS Retail, joined hands with LOCA Mobility to introduce a public transportation card for foreign visitors, the company said Sunday.Based on spending data, the company launched the “Hanbok Chunsik LOCA M” card to provide reasonable benefits to foreign tourists who purchase transportation and SIM cards at local convenience stores. “Convenience stores have emerged as popular shopping destinations as the number of foreigners visiting Korea increased sharply recently,” a GS Retail official said. “GS25 will continue to serve as a representative Korean convenience store that will help improve foreigners' travel experiences during their stay here.” Hanbok Chunsik LOCA M features discount benefits in a strategic partnership with a local travel platform, Creative Trip. Foreigners can get up to 20 percent discounts at 180 stores in the country with e-coupon

Aug 27, 2023By Kim Jae-heun
GS Retail introduces public transportation cards for foreign visitors
Companies

LG chief visits US, Canada to explore opportunities in AI, bio

LG Group Chairman Koo Kwang-mo, left, checks an experiment equipment related to quantum computing with Xanadu CEO Christian Weedbrook at the Xanadu laboratory in Toronto, Tuesday. Courtesy of LG GroupBy Kim Jae-heunLG Group Chairman Koo Kwang-mo visited Boston and Toronto to check his company's current business status and future growth strategies in the bio and artificial intelligence (AI) sectors, Korea's fourth-largest business group said Thursday.Koo's Aug. 21 to 24 business trip to North America to examine future growth engines is part of his long-term plan to expand related businesses internationally.LG is focusing on AI, bio and clean tech (ABC) businesses as future growth engines and striving to strengthen their capabilities and competitiveness in the market. LG Chem, a subsidiary of LG Group that manufactures and develops new drugs, established its headquarters, an innovation center for life science business, in Boston in 2019. The company is focusing on expanding global clinical trials of new products and strengthening its commercialization capabilities at its innovation cen

Aug 24, 2023By Kim Jae-heun
LG chief visits US, Canada to explore opportunities in AI, bio
Companies

POSCO International enables bio startup to export animal vaccine to Vietnam

INNOVAC Advisor and Safety Control Manager Kim Bong-cheol, fourth from right, poses with officials from POSCO International and INNOVAC to celebrate their first pig vaccine exports to Vietnam at CTCVAC's production facility in Hongcheon, Gangwon Province, Monday. Courtesy of POSCO InternationalBy Kim Jae-heunPOSCO International has successfully exported its very first swine pneumonia vaccine to Vietnam's largest animal vaccine firm NAVETCO, the company said Thursday. The vaccine “InnoMHP” is developed by a local venture company INNOVAC and POSCO sent enough to administer to about 100,000 pigs. INNOVAC was founded by Prof. Hahn Tae-wook of the College of Veterinary Medicine at Kangwon National University and his researchers in 2016. The company owns new technologies that can simultaneously defend against infectious diseases such as pneumonia and Circovirus. It patented its animal vaccine in the United States and Europe and received a license for use in Vietnam. “We will continue to advance the group's eco-friendly future materials by establishing a value chain throug

Aug 24, 2023By Kim Jae-heun
POSCO International enables bio startup to export animal vaccine to Vietnam
Companies

CJ's Bibigo unveils new slogan 'Live delicious'

A group of people enjoy Bibigo foods at CJ CheilJedang's studio in Bangkok, earlier this year. Courtesy of CJ CheilJedangBy Kim Jae-heunCJ CheilJedang, the country's largest food firm, launched a new slogan “Live delicious” for its traditional Korean food brand Bibigo in countries around the world including the United States, China, Japan and Thailand, the company said Wednesday. If CJ had aimed to strengthen ties with consumers with its previous slogan “A meal with sincerity,” it now plans to focus on interacting with young consumers with its new slogan.The company, in particular, will convey the role of Bibigo products and its brand value that pursues “delicious life” in various situations such as family gatherings, dinners with friends and even busy days at work. “Through this campaign, we hope to share Bibigo's brand value with as many global consumers as possible, who seek 'more delicious and enjoyable' experiences in their lives,” a CJ CheilJedang official said. The company will also carry out various marketing activities in diffe

Aug 24, 2023By Kim Jae-heun
CJ's Bibigo unveils new slogan 'Live delicious'
Companies

Lotte Group seeks to sell real estate to cope with losses

Lotte World Mall in Songpa District, Seoul / Courtesy of Lotte GroupBy Kim Jae-heunLotte Shopping, a retail affiliate of Lotte Group, initiated preparations to divest its real estate holdings in a bid to enhance its financial structure amid subdued business performance, a company official said on Wednesday.According to a local investment bank, Lotte Shopping sent a teaser letter for the sale of Lotte Department Store's properties to potential buyers through its underwriter NAI Korea. The company is also planning to distribute an investment memorandum soon. The targets are nine assets owned by Lotte Shopping, including its logistics center in Bundang, a production facility in Ansan, both in Gyeonggi Province and a culture center in Gwanak, Seoul, all of which are currently not in use. The desired total sale price of all the properties is 250 billion won ($186.7 million).The largest asset is the logistics center in Bundang, which measures 57,023 square meters in area valued at 68 billion won as of last year. But Lotte wants to sell it for about 150 billion won.However, Lotte said it is

Aug 23, 2023By Kim Jae-heun
Lotte Group seeks to sell real estate to cope with losses
Companies

Hitejinro expands marketing for soju in UK

People wait in line to participate in a game at Hitejinro's soju marketing event during the All Point East Festival at Victoria Park, London, Sunday. Courtesy of HitejinroBy Kim Jae-heunHitejinro is expanding its marketing activities for soju, a Korean distilled spirit, in the United Kingdom amid growing demand from British consumers, company officials said Tuesday.The liquor company recently sponsored “All Point East Festival” (APEF) held in Victoria Park, London, to promote its soju products. It established an exclusive Jinro booth and sold original Chamiseul soju as well as its five different fruit flavors there. Jinro is a soju of Hitejinro.“APEF is one of the largest music festivals in the U.K. Some 230,000 people are said to have visited the event this year and about 23 percent of them were MZ generation. We have provided various promotional events including a photo zone and lucky draw at the APEF to increase the brand awareness of Jinro,” a Hitejinro official said. The company also collaborated with local restaurant franchises such as “Yard Sale P

Aug 23, 2023By Kim Jae-heun
Hitejinro expands marketing for soju in UK
Companies

Beauty firms turn to men's cosmetics

Men's skincare zone at a CJ Olive Young store in Busan / Courtesy of CJ Olive YoungBy Kim Jae-heunA 31-year-old office worker surnamed Kim living in Gangdong District, Seoul, has been purchasing a number of cosmetics products to take care of his appearance.“I started to spend money on cosmetics items since I turned 30. Like many other men, I usually buy fundamental products like lotion, sunblock and facial mask packs. A lot of men, these days, start taking care of their skin from a young age, as they've learned that it makes quite a big part of their appearance,” Kim said. Cosmetics makers and retailers here are strengthening their men's cosmetics lineups as the segment emerges as a new blue ocean ― a market relatively free from competitors.According to CJ Olive Young, the country's largest health and beauty retailer, men accounted for 30 percent of first-time customers over the past three years, up 150 percent from 2021. Also, the amount of men's cosmetics products purchased by male consumers increased by nearly 40 percent until the end of June, compared to that of last

Aug 22, 2023By Kim Jae-heun
Beauty firms turn to men's cosmetics
Companies

Coway's water, ice purifiers in high demand amid heat wave

Coway's Icon Ice Water Purifier models that come in four different colors / Courtesy of CowayBy Kim Jae-heunHome appliance maker Coway is operating its ice and water purifier production line in Yugu, South Chungcheong Province, at full capacity amid a continuing heat wave in the country, which has increased demand, the company said Monday.According to Coway, its sales of ice and water purifiers soared 50 percent, year-on-year, between May and July this year and 20 percent in July.“The number of consumers looking for ice and water purifiers has been steadily increasing amid continuing record heat waves every summer. This year, the product's production line at Yugu plant, located in Gongju, South Chungcheong Province, has been in full operation since May in time for the peak of the summer season,” a Coway official said. In the past, the ice and water purifier was popular among Coway's loyal customers. However, it recently became one of the most sought-after products with increasing demand for premium home appliances and as a consequence of the extreme weather. Coway's stand

Aug 22, 2023By Kim Jae-heun
Coway's water, ice purifiers in high demand amid heat wave
previous page
12345
next page

Top 5 stories

Korea Times
About Us
Introduction
History
Contact Us
Products & Services
Subscribe
E-paper
RSS Service
Content Sales
Site Map
Policy
Code of Ethics
Ombudsman
Privacy Policy
Youth Protection Policy
Terms of Service
Copyright Policy
Family Site
Hankookilbo
Dongwha Group
FacebookXYoutubeInstagram
CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.