my timesThe Korea Times
jhkim

Kim Jae-heun

Korea Times Print Reporter

Go to Email

Read more

Companies

Domino's Pizza chain operator fined for unfair practice

A pedestrian walks by a Domino's Pizza's restaurant in Seoul, Aug. 12. NewsisBy Kim Jae-heunDomino's Pizza Korea's franchise headquarters was fined by the Fair Trade Commission (FTC) for ordering restaurant owners to renovate their stores' interiors and not contributing to the costs as required by law, according to the country's antitrust agency Thursday.Cheong-O DPK Chairman O Gwang-hyeonThe FTC imposed a 700 million won fine ($522,778) on Cheong-O DPK, the local franchise operator of Domino's Pizza Korea, and ordered it to correct its business practices. Cheong-O DPK also has to pay 1.52 billion won in allotment payments to its franchisees. From October 2014 to July 2021, Cheong-O DPK ordered 70 of its franchisees to renovate their stores. The decision came as Domino's Pizza's U.S. headquarters pushed for the implementation of a theater-themed interior design concept at its restaurants around the world, enabling customers to view the pizza manufacturing process through open kitchens. However, Cheong-O DPK did not pay the required 1.52 billion won out of the total costs of 5.13 bill

Nov 18, 2022By Kim Jae-heun
Domino's Pizza chain operator fined for unfair practice
Companies

Kumho Petrochemical to change all company vehicles to eco-friendly cars by 2030

A worker drives a hydrogen fuel cell vehicle at Kumho Petrochemical's Ulsan plant in Ulsan City on Nov. 16. Courtesy of Kumho PetrochemicalBy Kim Jae-heunKumho Petrochemical will convert all of its corporate vehicles to eco-friendly cars by 2030, the refiner said Thursday.The transition is part of the Korean-type pollution-free vehicle conversion 100 (K-EV100) program, a green initiative organized by the Ministry of Environment and the Korea Automobile Environment Association to change all vehicles owned or leased by private firms to pollution-free cars. The goal is to contribute to the reduction of greenhouse gases and air pollutants by increasing the proportion of eco-friendly vehicles such as electric cars.Kumho Petrochemical has been preparing to adopt K-EV100 at its Ulsan plant first by test-operating hydrogen fuel cell vehicles there since 2020. The company's environmental, social and corporate governance (ESG) committee will expand the number of pollution-free corporate vehicles and set up charging stations at all workplaces by 2030. It plans to operate some 60 eco-friendly ca

Nov 17, 2022By Kim Jae-heun
Kumho Petrochemical to change all company vehicles to eco-friendly cars by 2030
Companies

Hyundai Glovis to enter Malaysian logistics market with Lion Group

Park Man-soo, managing director of Hyundai Glovis' Smart Innovation Business Department second from left, poses with Serena Cheng, executive director of Lion Group, during a memorandum of understanding signing ceremony held at Hyundai Glovis' headquarters in Seongdong District, Seoul, on Nov. 15. Courtesy of Hyundai GlovisBy Kim Jae-heunHyundai Glovis will enter Malaysia's burgeoning logistics market, one of the key growth regions of Southeast Asia, through a strategic partnership with a local conglomerate.The latest move is part of the logistics company's plan to expand its presence in the Association of South East Asian Nations (ASEAN) region. Hyundai Glovis said it signed a strategic partnership with Malaysia's Lion Group on Wednesday to seek cooperation in global business and smart logistics solutions. This is the first time that Lion Group is joining hands with a Korean logistics company. Lion Group Executive Director Serena Cheng, who is also a member of the company's founding family, attended a ceremony to sign a memorandum of understanding at Hyundai Glovis' headquarters in S

Nov 16, 2022By Kim Jae-heun
Hyundai Glovis to enter Malaysian logistics market with Lion Group
Companies

CJ, Samyang outperform Nongshim, Ottogi, Daesang

A worker checks dumplings at CJ CheilJedang's production facility in Frankfurt, Germany on Oct. 20. Courtesy of CJ CheilJedangGlobal business key to better bottom lineBy Kim Jae-heunWhile nearly all major food companies here posted higher sales in the third quarter from a year earlier on the back of steep price increases, their operating profits showed mixed results.Companies that expanded their global businesses were found to have performed better than their peers who are heavily dependent on the domestic market amid the won's falling value against the dollar and soaring import prices of raw materials.The firms that generate sales in dollars abroad achieved higher sales numbers in terms of the won and were able to weather skyrocketing raw material costs as they purchase the materials with the dollars they earn overseas.CJ CheilJedang's sales from July to September surpassed 5 trillion won ($3.75 billion) for the first time, which is up by 21.7 percent compared to the same period of last year. Nongshim's revenue also rose 20.8 percent to 813 billion won, Samyang Foods' sales jumped 3

Nov 16, 2022By Kim Jae-heun
CJ, Samyang outperform Nongshim, Ottogi, Daesang
Companies

Hyundai Motor's new Grandeur boasts futuristic design

Hyundai Motor CEO Jang Jae-hoon stands next to the new Grandeur model during a launching event held online on Nov. 14. Courtesy of Hyundai MotorBy Kim Jae-heunHyundai Motor CEO Jang Jae-hoon showed confidence about the company's new Grandeur sedan, which it revealed on Monday.Known as the “president's car,” the Grandeur has come out with its first full redesign in six years. The company said it will begin sales of its flagship vehicle on Nov. 14. At the online launching event, Jang introduced the seventh generation of the Grandeur as a product that both inherits the model's legacy and contains future value. “The new Grandeur is an innovative model that has been developed over many years with our workers' devotion. We have not only kept our 36-year-old brand heritage in the vehicle but also added advanced technology that exceeds market expectations. The new model will provide a whole new experience to our customers,” the CEO said. The new design of the Grandeur pays homage to its first-generation model, which was popular for its angular body shape. It has the l

Nov 14, 2022By Kim Jae-heun
Hyundai Motor's new Grandeur boasts futuristic design
Companies

SPC to establish safety management committee

By Kim Jae-heunSPC Group's new Safety Management Committee Chairman Jeong Kap-young / Courtesy of SPC GroupSPC Group has launched a new safety management committee to take follow-up measures in response to the recent accidental death of a female worker last month at its affiliated bakery production facility in Pyeongtaek, Gyeonggi Province. Former Yonsei University President Jeong Kap-young will lead the committee as its first chairman.The establishment of the committee comes nearly a month after SPC Group Chairman Hur Young-in made a public apology on Oct. 21 and promised to prevent any similar events.The safety management committee will oversee all the affairs related to SPC Group's industrial safety, labor environment and social responsibility. The committee consists of one internal and four external members to secure independence and objectivity. The company also founded a separate safety management bureau inviting working-level officials from different departments within the group. Jeong is an expert who has led external advisory bodies to reform the government, law enforcement

Nov 14, 2022By Kim Jae-heun
SPC to establish safety management committee
Companies

CJ CheilJedang grapples with first workers' strike

CJ CheilJedang's corporate image / Courtesy of CJ CheilJedangBy Kim Jae-heunCJ CheilJedang is grappling with a workers' strike at one of its plants, which produces a range of food products under its flagship Bibigo brand, according to company officials Friday. The walkout is the first of its kind in the firm's 70-year history. Union members at CJ CheilJedang's Blossom Campus in Jincheon, North Chungcheong Province, have been on strike since Thursday after labor and management failed earlier to reach an agreement on abolishing a blanket wage system and paying bonuses of 16.6 percent of each worker's annual salary every year. The blanket wage system pays workers monthly salaries that include extended, night and holiday work allowances in a lump sum. The union said its protest will continue through next Monday. The food giant's Blossom Campus produces various Bibigo brand food products such as rice porridge, kimchi and Hetbahn ― a widely popular microwave rice brand. The union is yet to call for a full strike of all company workers. Currently workers at different departments are taking

Nov 12, 2022By Kim Jae-heun
CJ CheilJedang grapples with first workers' strike
Companies

Korean firms competing to cast Son Heung-min ahead of Qatar World Cup

Korean football star Son Heung-min in a commercial for CU convenience store / Courtesy of BGF RetailBy Kim Jae-heunLocal retailers are going all out to cast Tottenham Hotspur forward and national team captain Son Heung-min in their commercials ahead of the 2022 Qatar World Cup starting on Nov. 21, according to industry officials Friday. They say the more competitive the market, the more effective Son's endorsement will be.CU, one of the country's largest convenience store chains, has already selected Son as its brand model as of Thursday. It plans to hold a promotional event later in support of the national team by giving away gifts and tickets to watch Son's football matches in England. During the World Cup period, the retailer will also offer discounts on beer, snacks and convenience food at its stores. GS25, another convenience store company, signed an official license agreement in August with Tottenham to use its brand for marketing. It will sell various World Cup- and Son-related items at its stores to attract customers, based on their market analysis that sales of fried chicken

Nov 11, 2022By Kim Jae-heun
Korean firms competing to cast Son Heung-min ahead of Qatar World Cup
Companies

P&G Korea launches laundry detergent for winter clothes

P&G Korea's new powerful laundry detergent Downy Smell Deep Clean / Courtesy of P&G KoreaBy Kim Jae-heunOrganizing the closet and bringing out winter clothes is one of the first things people do when temperatures drop in November and December. However, no matter how clean winter clothes are washed and kept, they could smell musty after being sealed and left in the closet throughout the humid summer. In many cases, the smell that permeates through the fibers does not disappear easily, even when washed several times with normal detergents. To help solve this issue, P&G Korea recently introduced a powerful laundry detergent called Downy Smell Deep Clean that can remove stubborn stains and damp odors from winter clothes. The product not only gets rid of the smell, but also removes stains that may be the underlying cause of the unpleasant odor.“Downy detergent's powerful formula neatly removes everything from small stains that cannot be noticed with the naked eye to the damp smell that is hard to get rid of. After washing with our new product, there will be only fresh sm

Nov 10, 2022By Kim Jae-heun
P&G Korea launches laundry detergent for winter clothes
Companies

Gordon Ramsay denies ripping off Korean consumers

British chef Gordon Ramsay speaks during a press meeting at his newly opened street pizza restaurant in southern Seoul, on Nov. 10. Courtesy of Gordon Ramsay KoreaBy Kim Jae-heunChloe Jeon, a 31-year-old office worker, recently visited the Gordon Ramsay Restaurant in southern Seoul and was surprised to discover that the most expensive item on the menu, the “1966 Burger,” costs 140,000 won ($101.71) alone. “I am a burger lover and I have tried many hamburgers around the world, but I have never seen such a pricey one. I mean it's good, but it's not to the level that I would pay over $100 for it,” Jeon said. A 36-year-old food blogger surnamed Jung also agreed that Gordon Ramsay Restaurant's menu is too pricey for its quality.“Most of the prices of hamburgers at the Gordon Ramsay Restaurant are from the upper 20,000-won range to the low 30,000-won range, which is double the price at local burger restaurants. In terms of taste and quality, I don't think Gordon Ramsay burgers are exceptionally better than other premium burgers here,” Jung said.A 24-year

Nov 10, 2022By Kim Jae-heun
Gordon Ramsay denies ripping off Korean consumers
previous page
3435363738
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.