my timesThe Korea Times
jhkim

Kim Jae-heun

Korea Times Print Reporter

Go to Email

Read more

Companies

LG Electronics bolsters 5G vehicle connectivity biz

LG Electronics' telematics related image / Courtesy of LG ElectronicsBy Kim Jae-heunLG Electronics has secured orders to supply 5G telematics components to European carmakers, expanding its reach in the rapidly-growing self-driving and connected vehicle markets, the company said Monday.Telematics is a branch of information technology that deals with the long-distance transmission of computerized information and is essential to developing autonomous and wirelessly connected cars.LG Electronics' 5G telematics device offers Over The Air (OTA) service that updates vehicle software online and a high-precision positioning technology that reduces the error range of vehicle location information, as well as Dual SIM Dual Active (DSDA) technology that allows users to enjoy premium connected-car and autonomous-driving experiences. The telematics market has shown potential for growth recently following the expansion of connectivity functions such as V2X (Vehicle to Everything) and its soaring demand. The 5G telematics communication module was installed in vehicles for the first time last year an

Feb 28, 2022By Kim Jae-heun
LG Electronics bolsters 5G vehicle connectivity biz
Companies

Complaints growing over luxury items sold online

Online luxury mall Tren:be CEO Park Kyung-hoon, left, holds a handbag at the company's headquarters in Seoul in this 2021 file photo. Korea Times fileBy Kim Jae-heunSoaring demand for luxury products amid the ongoing COVID-19 pandemic has not only profited department stores, but also newly emerging online luxury shopping channels. However, the quality of items sold on the internet has emerged as a source of consumer complaints, according to industry watchers and consumer advocacy groups, Sunday.A controversy emerged in early January when Naver's online resale platform, KREAM, argued that Musina was selling fake apparel by the “Essentials” brand. Musinsa is the country's largest fashion platform, which surpassed 2 trillion won in gross merchandise value for the first time in 2021. The Korea Appraisal Institute of Luxury Goods confirmed that the products sold on Musinsa could not be authenticated due to the lack of data. Some customers are now questioning the authenticity of luxury goods sold on the internet, something they never expected to do, as they implicitly trusted t

Feb 27, 2022By Kim Jae-heun
Complaints growing over luxury items sold online
Companies

Starbucks to donate independence activist's calligraphy

Chief Director of The National Trust for Cultural Heritage Kim Jong-gyu, second from left, poses with Starbucks Korea CEO Song Ho-seob, third from left, during the donation ceremony of the handwritten calligraphy of Buddhist poet and independence activist “Manhae” Han Yong-un, “Jeondaebupryun,” at Deoksu Palace in Seoul, on Friday. Courtesy of Starbucks KoreaBy Kim Jae-heunStarbucks Korea has donated Buddhist poet “Manhae” Han Yong-un's handwritten calligraphy relic, “Jeondaebeopryun,” to The National Trust for Cultural Heritage in celebration of 103th anniversary of the upcoming March 1st Movement Day.Starbucks Korea purchased the masterpiece through funds it raised to protect cultural heritage related to the independence movement last year. The phrase, Jeondaebeopryun, was written by Han allegedly in the twilight years of his life. The four characters directly translate to, “the wheel of law largely rolls on,” which means, “the world of great truth does not stay constant, but continually changes.”“The rel

Feb 27, 2022By Kim Jae-heun
Starbucks to donate independence activist's calligraphy
Companies

Home shopping channels in trouble for selling 'rotten' kimchi

Hansung Food Founder Kim Soon-ja holds food ingredients for kimchi at the company's headquarters in Bucheon, Gyeonggi Province, in this 2021 file photo. Courtesy of Hansung FoodBy Kim Jae-heunThree home shopping companies are in the hot seat for promoting and selling “unsanitary” kimchi products manufactured by Hansung Food, drawing protests from angry customers who bought the kimchi, according to industry analysts and consumers, Thursday.Lotte Home Shopping, NS HomeShopping and Gong Young Shopping have cancelled the online sale of Hansung Food's kimchi after a whistle-blower at the food firm leaked video footage, Tuesday, showing workers using radishes and cabbages with mold on them to make the Korean traditional food. Home shopping companies explained that kimchi products manufactured at the troubled production facility in Jincheon, North Chungcheong Province, are either exported to international markets or sold to local food providers. However, customers said that they cannot trust foods made by Hansung Food anymore.“I've worked at a home shopping company for six

Feb 24, 2022By Kim Jae-heun
Home shopping channels in trouble for selling 'rotten' kimchi
Companies

Chanel Korea charges highest prices in Asia

A woman carrying Chanel's Classic Flap Bag / Korea Times file By Kim Jae-heun Chanel Korea CEO Stephane Blanchard Korean consumers are found to have paid more for Chanel handbags and other merchandise than consumers in other Asian countries, according to the French luxury brand's website Tuesday.Chanel's most popular item Classic Flap Bag's medium size cost $9,825 in Korea, as of Tuesday. The handbag had been sold for 8.64 million won ($7,227) until early 2021. However, Chanel raised the price for the luxury handbag twice last year ― first in July and then again in November ― increasing it by 30.1 percent overall in the period. Chanel Singapore sold the same bag for $9,817, followed by China for $9,722, and Indonesia at $9,679.There is no concrete standard on how the French luxury firm fixes prices for its products in each country. Chanel's Korean br

Feb 22, 2022By Kim Jae-heun
Chanel Korea charges highest prices in Asia
Companies

Department stores eye growing affluence in southern Gyeonggi Province

Customers enter Lotte Department Store in Dongtan on Aug. 20, 2021. YonhapBy Kim Jae-heunLotte, Shinsegae, Hyundai and Galleria are battling for an increasing number of high-income, young salaried workers south of Seoul, as large IT firms have established offices in the newly developed communities of Dongtan, Pangyo and Gwanggyo, respectively in the Gyeonggi Province cities of Hwaseong, Seongnam and Suwon, according to industry analysts Monday.Shinsegae and Hyundai set up their department stores in Yongin and Pangyo in 2007 and 2015, respectively. They are competing with newcomers like Galleria and Lotte, which opened their branches in Gwanggyo and Dongtan in 2020 and 2021, respectively. Gyeonggi Province was less attractive than Seoul for department store chains in the past. Chains did run shops in the area, but they did not sell luxury brands, which are synonymous with big margins for retailers. However, after Samsung Electronics moved 700 employees from Seoul to Dongtan in 2016, followed by IT giants like Naver and Kakao setting up their headquarters in Pangyo, department stores b

Feb 21, 2022By Kim Jae-heun
Department stores eye growing affluence in southern Gyeonggi Province
Companies

Woowa Brothers bet on server robot rental business for improved profitability

Workers deliver pizza with Woowa Brothers' Dilly server robot at a Pizza Hut restaurant in Mok-dong, Seoul, in this 2018 file photo. Korea Times fileBy Kim Jae-heunWoowa Brothers, the operator of the country's No.1 food delivery platform Baedal Minjok (Baemin), has recently introduced a server-robot rental service to cope with intensifying competition in the food delivery market as well as the need for manpower at restaurants.The long-lasting COVID-19 pandemic and increased labor costs has made it hard for restaurant businesses to find employees in the past few years. While young people are shunning jobs at restaurants due to the physically demanding nature of the work, the pandemic has also restricted foreign workers from entering the country. According to a survey conducted by The Korea Food Service Industry Research Institute last September, 74.9 percent of the 207 restaurant owners said their workplaces are severely understaffed and 22.9 percent said it became more complicated to hire foreigner staff due to the government's strengthened quarantine measures. “Our Dilly robot

Feb 18, 2022By Kim Jae-heun
Woowa Brothers bet on server robot rental business for improved profitability
Companies

Chanel losing brand value in Korea

Customers flock to the Chanel store in a Lotte Department Store in Seoul in May 2020 after a rumor spread that the French luxury brand would increase prices for its products from between 7 to 17 percent. Korea Times fileBy Kim Jae-heunChanel, one of Koreans' favorite luxury fashion brands, has seen its status diminishing in recent months, due to too many people owning its bags and other items, according to industry analysts, Thursday.In the past, not many people owned Chanel items. Its products were so expensive that most people would not dare to pay the prices being asked for them. However, the average income of people in Korea has gone up somewhat during the last decade and, in particular, the ongoing COVID-19 pandemic has helped them save a bit of money that they otherwise would have spent on traveling abroad, which they are now using to purchase luxury products. In particular, young customers seem to have no qualms about spending thousands of dollars on a luxury item anymore. Some see Chanel bags as an investment asset because the luxury firm has been raising the price for its pr

Feb 17, 2022By Kim Jae-heun
Chanel losing brand value in Korea
Companies

HanmiGlobal helps North Korean defector earn Ph.D. in US

Kim Seong-ryeol, left, who defected from North Korea, stands with HanmiGlobal Chairman Kim Jong-hoon at the company's headquarters in Seoul, Thursday, after the chairman congratulated him on receiving his doctoral degree at Syracuse University last December. Courtesy of Walk Together, HanmiGlobalBy Kim Jae-heunNorth Korean defector Kim Seong-ryeol, who was supported by HanmiGlobal's social welfare foundation Walk Together, received his doctoral degree in the field of international relations at Syracuse University on Dec. 17, 2021, the corporation said Thursday.Kim is the second North Korean defector to earn a doctorate in the United States.“I thank Chairman Kim for supporting me and helping me to realize my dream. I will continue to study international relations to contribute in the global community and Korea,” Kim said after visiting HanmiGlobal Chairman Kim Jong-hoon at the foundation's headquarters in Seoul.The chairman also congratulated Kim and said there needs to be leadership among North Korean defectors so as to prepare for the unification of the two Koreas.&ldquo

Feb 17, 2022By Kim Jae-heun
HanmiGlobal helps North Korean defector earn Ph.D. in US
Companies

Shinsegae makes second bid for IFC Mall

Shinsegae Vice Chairman Chung Yong-jin / Courtesy of Shinsegae GroupBy Kim Jae-heunShinsegae, one of Korea's major retail groups, made a second bid recently to acquire IFC Mall in Yeouido, Seoul as part of its plan to secure a new growth engine for its retail business, according to industry officials Tuesday.Unlike Starfield, a large-scale shopping complex chain that is located on the outskirts of Seoul catering to families, Shinsegae has been hoping to build a smaller urban shopping center for office workers in downtown Seoul. Hyundai Department Store opened its latest branch of The Hyundai Seoul in Yeouido last February, just 500 meters across the street from IFC Mall. Shinsegae wants to erect a new store there to compete with its long-time retail rival. The retail giant already runs the shopping complex Shinsegae Times Square in Yeongdeungpo, which is 2.5 kilometers away from The Hyundai Seoul. Opening another mall in the IFC building may change the habits of shoppers in the area, but Shinsegae believes it can also attract more customers from all over Seoul if there are more shopp

Feb 16, 2022By Kim Jae-heun
Shinsegae makes second bid for IFC Mall
previous page
6263646566
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.