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BAT Rothmans picks final teams for Univ. Eco Club League

An employee of BAT Rothmans speaks during an orientation program with college students at the company's headquarters in Yeoksam-dong, Seoul, on July 8. Courtesy of BAT RothmansBy Kim Jae-heunBritish American Tobacco (BAT) Rothmans, the Korean subsidiary of BAT Group, has selected the final teams that will join the University Eco Club League, the company said Monday. The University Eco Club League is an environmental, social and corporate governance (ESG) campaign run by BAT Rothmans that invites college clubs to compete with ideas to make a better tomorrow. The company aims to foster future talent for the eco-friendly sector as part of its green campaign.Since May, the company ran an idea-generating contest to reduce waste and promote recycling and upcycling practices. A total of 10 teams have been selected through an expert evaluation process and a vote by BAT Rothmans' employees.They participated in the orientation held at the company's headquarters in Yeoksam-dong, Seoul, on July 8, where college students were introduced to educational programs they will go through together with m

Jul 11, 2022By Kim Jae-heun
BAT Rothmans picks final teams for Univ. Eco Club League
Companies

Jeju Samdasoo solidifies lead over rivals after removing plastic label

Jeju Samdasoo's mineral water / Korea Times fileBy Kim Jae-heunJeju Samdasoo, Korea's leading bottled water brand, has widened its lead with rivals since July last year when stricter environment regulations required companies to remove plastic labels from the bottles, according to market research firm Nielson Korea, Friday.Jeju Samdasoo is the country's bestselling mineral water brand that takes up an overwhelming market share of over 42 percent. In the first quarter of 2021, the brand's share reached 42.2 percent, which fell down by 0.1 percent points to 42.1 percent in the second and third quarters, but rebounded to 44.4 percent in the fourth quarter after it implemented the eco-friendly practice. In the first quarter of this year, Jeju Samdasoo's market share showed 44.2 percent, according to the research firm. “Some predicted that removing the plastic label with a brand's name may work to the advantage of lesser-known firms, but the result turned out opposite. In the end, consumers chose a brand with a higher profile,” a Jeju Samdasoo official said. The No.2 mineral w

Jul 9, 2022By Kim Jae-heun
Jeju Samdasoo solidifies lead over rivals after removing plastic label
Companies

Mom's Touch benefits from soaring cost of dining out

Mom's Touch's Thigh Burger set menu / Courtesy of Mom's TouchBy Kim Jae-heunMom's Touch enjoyed an unpredicted sales increase between April and June of this year thanks to the soaring cost of going out to eat, prompting consumers to eat comparatively cheap lunch set menus there, the company said, Friday. According to the company, its sales increased 29.8 percent from 11 a.m. to 2 p.m. in the second quarter compared to those of the first quarter. The firm's revenue between April and June also increased 23.3 percent year-on-year.The Mom's Touch Lab in Yeoksam, Seoul ― a popular branch for office workers ― also saw its sales in the second quarter increase by 11 percent compared to those of the first quarter.The average price of Mom's Touch's popular burger menu items such as the Thigh Burger, Bulgogi Burger and Deep Cheese Burger, is fixed at 6,100 won ($4.69), which is cheaper than other popular options, such as bibimbap or kimchi stew menu sets, the average prices of which are 8,269 won and 7,385 won, respectively, according to the Korea Consumer Agency. Bibimbap is a traditional Kore

Jul 8, 2022By Kim Jae-heun
Mom's Touch benefits from soaring cost of dining out
Companies

Hyundai, Shinsegae race to build 1st integrated shopping mall in Gwangju

The Hyundai Seoul in Yeouido / Courtesy of Hyundai Department StoreBy Kim Jae-heunHyundai Department Store and Shinsegae Group are vying to build the first integrated shopping mall in Gwangju as they seek to target consumers in the southwestern part of the country, according to company officials, Thursday.Shortly after Hyundai revealed its blueprint to open its first shopping mall in Gwangju, Shinsegae announced a plan to create the integrated shopping complex that combines a shopping center and hotel in the same building. Gwangju, located some 270 kilometers south of Seoul, is home to 1.5 million people. However, the city lacks cultural and retail infrastructure compared to other metropolises like Daegu, Incheon and Busan.President Yoon Suk-yeol promised to ease the government's regulations on establishing shopping malls in the city to stimulate economic vitality and create jobs.“We plan to build a future-oriented urban cultural complex like The Hyundai Seoul that represents Gwangju as a landmark. As soon as our real estate development consultation is completed, the project wi

Jul 7, 2022By Kim Jae-heun
Hyundai, Shinsegae race to build 1st integrated shopping mall in Gwangju
Companies

BGF Retail starts first commercial drone delivery service

A CU drone delivers products to the Oasis Glamping spot in Yeongwol County, Gangwon Province, on July 5. Courtesy of BGF RetailBy Kim Jae-heunBGF Retail, the operator of convenience store chain CU, is commercializing drone delivery for online orders in collaboration with Yeongwol County in Gangwon Province, starting from July 8. It will be the first Korean retailer to provide such a service targeting general customers, the company said, Wednesday. CU's Yeongwol Jugong branch will be the first store to operate the high-tech delivery service and for now, drones will only fly to the Oasis Glamping spot, which is some 3.6 kilometers away. The items that can be delivered by drones are mostly small items weighing less than 5 kilograms such as cup noodles, desserts, lunch sets and beverages.Drone delivery is currently available on Fridays and Saturdays only, from 3 p.m. to 8 p.m., and it will be free of charge. The retail company said it will take only 10 minutes to deliver customers' orders as they will not be affected by traffic jams on the road. BGF Retail's drone weighs 17 kilograms and

Jul 7, 2022By Kim Jae-heun
BGF Retail starts first commercial drone delivery service
Companies

Asiana Airlines launches craft beer

Asiana Hoppy Lager / Courtesy of Asiana AirlinesBy Kim Jae-heunAsiana Airlines has introduced a craft beer called “Asiana Hoppy Lager,” company officials said Wednesday, becoming the first carrier to roll out its own suds.Asiana Hoppy Lager is jointly developed by the airline, Korea Brewers Collective and convenience store chain CU. It is made from 95 percent malt and 5 percent hops to give both the aroma of ale and the freshness of lager. Korea Brewers Collective is a brand under Oriental Brewery specializing in the manufacture of craft beer. CU is one of the biggest convenience store chains in the country. Asiana designed the craft beer can with its iconic multicolored stripes featuring “Saekdong,” which is found on the sleeves of the Korean traditional attire for girls.“Asiana Hoppy Lager is a product that contains the company's willingness to re-emerge in the travel industry. We hope our customers relish the joy of travel in their daily lives with our craft beer,” an Asiana Airlines official said. The craft beer is available at CU conveniences

Jul 6, 2022By Kim Jae-heun
Asiana Airlines launches craft beer
Companies

GS Retail hit for selling tainted banana milk products

GS25's Snoopy milk products / Courtesy of GS RetailBy Kim Jae-heun GS Retail, which operates the convenience store chain GS25, is facing growing criticism for selling banana milk, which was tainted during processing, and not notifying customers of the incident, according to retail industry officials, Tuesday. The company said it sent out the notice related to the milk issue to its franchisees on July 1, but did not ask the stores to notify buyers.“The Snoopy milk product that comes in a 500-milliliter carton with expiration dates between July 1 and 7 turned out to have a problem. Stop selling them immediately and dispose of all stock,” the message said. However, because such information only popped up on the counter screens, customers had no way to know of the issue. Part-time workers at GS25 stores were also not properly informed and some sold the milk during the prior three days. Snoopy milk is GS25's product that comes in four flavors: banana, chocolate, coffee and strawberry. Only the banana-flavored milk was tainted.According to the company, its Snoopy milk products

Jul 5, 2022By Kim Jae-heun
GS Retail hit for selling tainted banana milk products
Companies

LG Innotek joins RE100

LG Innotek headquarters in Seoul / Courtesy of LG InnotekBy Kim Jae-heunLG Innotek said Tuesday its application to join the global “RE100” initiative has been finally approved. LG Innotek is a leading global electronic component manufacturing company.RE100 is an international campaign aimed at converting 100 percent of the electricity used by companies into renewable energy by 2050. A British non-profit organization, The Climate Group and the Carbon Disclosure Project (CDP) jointly launched this project in 2014.Companies that consume more than 100 gigawatt-hour (GWh) of electricity per year are eligible to apply for the RE100 initiative.So far, 370 global companies including Google and Apple joined. In Korea, 20 firms including SK Hynix, LG Energy Solution and Hyundai Kia Motors are registered as members as of now.LG Innotek plans to use only renewable energy at its work sites in and outside of the country by 2030. It is promoting various energy-saving activities such as adopting high-efficiency facilities and recycling waste heat that is generated during the production p

Jul 5, 2022By Kim Jae-heun
LG Innotek joins RE100
Companies

Price-conscious consumers flock to fresh food sales

An office worker eats lunch at a convenience store in Seoul on May 25. NewsisBy Kim Jae-heunLunchboxes and other processed fresh food items that are about to expire have become hot items among price-conscious consumers, who can buy them at discounted prices amid soaring inflation, according to retail industry officials Monday.Among such consumers seeking cheap eats as food prices inch up are regular everyday office workers as they head out for lunch. “My company does not support my meals so I have to pay for food every day. Recently, all restaurants near my office have raised their prices and I started to eat lunch at convenience stores where they sell cheap frozen food. It is a good option for me,” a 32-year-old office worker surnamed Kim said.Jang, another office worker said he has been purchasing close-to-expiry food for his lunch ever since inflation struck economies globally early this year. “Fruit and salads that will expire in a day or two are sold for 40 percent off at E-mart. I've been eating simple food I purchased at retail store chains to save money for

Jul 5, 2022By Kim Jae-heun
Price-conscious consumers flock to fresh food sales
Companies

OB, HiteJinro, Shinsegae compete in growing sparkling liquor market

Models pose with Shinsegae L&B's sparkling liquor product “Lets” at a hotel in Seoul on March 30. Courtesy of Shinsegae L&BBy Kim Jae-heunLocal brewers are competing to secure an upper hand in the rapidly growing sparkling liquor market as the summer heat wave intensifies, according to company officials Monday. Currently, HiteJinro is leading the market but Oriental Brewery (OB) and Shinsegae Liquor & Beverage (Shinsegae L&B) are catching up by introducing new brands.Sparkling liquor looks and tastes just like ordinary beer, but it is not classified as such legally due to its low malt content. Beer contains 72 percent malt whereas sparkling liquor contains only 10 percent.For this reason, sparkling liquors are sold at lower prices than beer under the local alcohol beverage tax law. At local convenience stores, a 500-milliliter can of beer is sold for 2,800 won ($2.16) while the same amount of sparkling liquor is sold between 1,600 won and 1,800 won, which is over 40 percent cheaper.HiteJinro's sparkling liquor brand FiLite / Courtesy of HiteJinroHiteJinro

Jul 4, 2022By Kim Jae-heun
OB, HiteJinro, Shinsegae compete in growing sparkling liquor market
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