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Park Jin-hai

Korea Times K-Culture Reporter

Park Jin-hai primarily focuses on K-dramas, entertainment shows and actor interviews. Beyond that, she also pens articles covering the broader arts scene, with a particular emphasis on classical music, dance and various aspects of lifestyle. Since joining The Korea Times in 2013, she has made significant contributions in the realms of hallyu (Korean wave), industry news and international affairs.

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Companies

Jeju International Citrus Expo kicks off

A statue made of oranges is exhibited during the Seogwipo International Citrus Pre-EXPO 2014 at Seogwipo Agricultural Technology Center in Jeju. / Courtesy of the Jeju International Citrus Expo 2015By Park Jin-haiChung Dal-hoThe Jeju International Citrus Expo 2015 kicked off on Friday for a ten-day run on the southern resort island, aiming to boost the global competitiveness of the local citrus industry as well as the local economy.Under the slogan of “The Future of Jeju, the World-wide Prestigious Citrus,” the international exhibition was organized by Jeju Special Self-Governing Province in and around Seogwipo Agricultural Technology Center and the Citrus Museum.Over 200 businesses from 15 countries convened to discuss how to promote the citrus fruit industry and cultivate it as a national growth engine.The city expects some 150,000 people will visit the venue.“Local citrus producers are faced with difficulties both from soaring imports from Chile and China after free trade agreements and from falling prices due to the failure of supply control,” said Chung D

Nov 6, 2015By Park Jin-hai
Companies

Donghae-1 natural gas field

The Donghae-1 natural gas field, 58 kilometers offshore from Ulsan.  / Courtesy of KNOCBy Park Jin-haiFlying for about an hour by helicopter, a 48 meter production facility in the middle of the East Sea comes into sight. The workers at Donghae-1 natural gas field, 58 kilometers offshore from Ulsan, are drilling for gas and ultra-light crude.The offshore commercial production field, discovered in 1998 in the Ulleung Basin, feed Korea’s oil dreams with its extensive continental shelf that might hold great reserves of oil and gas.“We are succeeding in producing commercial gas and condensate after the Netherlands-based Shell failed at oil exploration here in the 1970s. With the Donghae-1 gas field, we became the 95th oil producing country in the world,” said Kim Tae-jin, senior manager of the Ulsan Gas Production Office at the Korea National Oil Corporation.The KNOC drilled 10 wells from 1983 through 1995 in Block 6-1, named Donghae-1, in the East Sea, and found gas in five wells.The discovery found recoverable reserves estimated at 186 billion cubic feet of natura

Nov 3, 2015By Park Jin-hai
Donghae-1 natural gas field
Companies

Korea seeks to become Northeast Asia Oil hub

The Yeosu stockpiling facility established in 2013. Together with the stockpiling facilities the Korea National Oil Corp. (KNOC) is building in Ulsan, it will create the Northeast Asia Oil Hub, turning the region into the fourth-largest oil cluster in the world. / Courtesy of KNOCBy Park Jin-haiULSAN ― Dump trucks rumble by, unloading piles of sand to reclaim the 302,000 square meters of land on the seashore at Ulsan North Port some 410 kilometers from Seoul.It is part of the Korea National Oil Corp.(KNOC)’s Northeast Asia Oil Hub ambition to turn the city into the fourth largest oil cluster in the world, following the US Gulf Coast, ARA (Amsterdam, Rotterdam and Antwerp in Europe) and Singapore.“Based on increasing demand in the region, we intend to make Ulsan into a global oil trade center that houses not only massive oil storage facilities but also a logistics center where oil trade can thrive,” said Kim Myung-hoon, vice president of the management support department at KNOC, during an interview with The Korea Times.Korea is the world’s eighth lar

Nov 3, 2015By Park Jin-hai
Korea seeks to become Northeast Asia Oil hub
Companies

Imported cars' average sales price peaks in five years

By Park Jin-haiThe average price of imported cars has hit a five-year high of nearly 63 million won, according to the Korea Automobile Importers & Distributors Association, Monday.A total of 179,120 imported cars, worth 11.22 trillion won, were sold in the first nine months of this year. The average price was 62.87 million won, the association said.The price has been on the downside over the past five years after peaking at 64.41 million won in 2009.Industry watchers say the rise stems from increased sales of premium cars priced at more than 100 million won.Although the local industry has seen a rise in customers in their 30s and 40s who have bought cars in the 30-40 million won range, the expanded presence of luxury cars has pushed up the figure.   Total sales of imported vehicles priced over 100 million won reached 17,211 units between January and September, up 58.1 percent from 10,887 units year-on-year. This compares with average imported car sales increase of 22.8 percent.A significant problem exists in the large gap between sale prices and the actual cost.Acc

Nov 2, 2015By Park Jin-hai
Companies

Hanwha Q Cells to build solar power plant in Texas

By Park Jin-haiHanwha Q Cells, a leading solar energy firm, said on Monday that it will build a solar power plant in Texas.The company said Hanwha Q Cells USA signed a solar purchase power agreement to build a 170 megawatt (MW) solar power plant on a tract of land in Texas nearly double the size of Yeouido. The generated electricity, equivalent to power 1 million households, will be sold to Austin Energy.The company plans to complete construction by 2017 and start the operation then.It will build the utility-scale solar project in the solar-intensive West Texas region and connect to new high voltage transmission systems.Laurence Greene, Hanwha Q Cells USA’s chief development officer said, “With innovative technology, we will build the solar power plant and supply an eco-friendly energy source to the local community. We will be in charge of the total process of engineering, procurement and construction for the Texas project.”The company’s prowess in the solar power field has been earning global recognition. It received the Indiana Governor's Environmental Award

Nov 2, 2015By Park Jin-hai
Economy

Being No.1 in customers' minds

Kim Choong-hoBy Kim Choong-hoWhen the competition is fierce, we call it cut-throat competition. That is what I see in the automotive market in Korea now.Compared to just a decade ago, the market has evolved into a wholly new world in terms of the dynamics of competition, customer trends and the market environment. The models and brands that customers can choose from have increased more than five times, while the demands of customers and needs for differentiation have risen beyond that.Hyundai Motor, with the firm belief that we need to focus on the basics in troubling times, is making the utmost effort to work for product quality and strengthen the management of the company.In this context, changes in product lineups mean a lot.With the launch of the new Genesis in 2013, Hyundai’s philosophy of auto development departed from the past. We presented cars not only as a means of transport, but also as the “life companion,” revolutionarily upgrading the five basics of a vehicle ― strong body frame, driving performance, top-level safety, durability and quiet driving.

Nov 2, 2015By Park Jin-hai
Being No.1 in customers' minds
Companies

Imported vehicles likely to lose market share here

 By Park Jin-haiThe seemingly unstoppable growth of imported cars in Korea has hit a big snag, showing signs of a possible slowdown soon.Volkswagen’s emissions cheating scandal has put a damper on demand. Coupled with government measures aimed at imported cars, market experts say imported cars could lose half their market share .Kim Pil-soo, an automotive engineering professor at Daelim University, said that although no significant change had happened so far, the emissions scandal had the potential to shake up the market for imported cars.“The positive image that customers had of diesel has reversed,” he said. “When a series of government measures to revise relevant laws on imported cars take effect all at once in one or two years, not only Volkswagen but also the sales of all imported cars may shrink to half of what it is now.”The Volkswagen scandal could hasten the scheduled introduction of low emission zones.Old pollution-emitting diesels will be banned from urban areas, while heightened environmental standards and increased environmental taxes w

Nov 1, 2015By Park Jin-hai
Imported vehicles likely to lose market share here
Companies

Maeil Dairies enters joint venture with Chinese formula maker

Maeil Dairies Vice President Kim Seon-hee, right, with Beingmate President Huang Tao after signing a joint-venture agreement at Beingmate’s headquarters in Hangzhou, China, Wednesday.By Park Jin-haiMaeil Dairies has joined with Hangzhou-based Beingmate, a leading Chinese baby formula maker, to break into the rapidly growing Chinese market.Maeil said the two companies had signed a joint-venture agreement that will focus on the production of a special infant formula for premature or low-weight babies, lactose-intolerant infants and those with amino acid metabolism disorders.The venture also will do research and development, as well as make pre-packaged food and food supplements. “It will give us a chance to show off Korea’s technology and formula quality to Chinese consumers,” said an official at Maeil Dairies. “By carrying out joint research, we hope to contribute to enhancing the health of Chinese infants, and establish the joint brand as a leading formula maker in China.”The venture, the Hangzhou Beingmate Maeil Food Company, will be launched earl

Oct 30, 2015By Park Jin-hai
Companies

JTI Korea to hold a career mentoring event

By Park Jin-haiJapan Tobacco International Korea said Friday that it will hold a career mentoring event, Meet JTI, Light up your career!” at Ewha Womans University, Monday.Through four programs, the tobacco maker will hold a session to introduce what JTI Korea is doing in Korea and what is like to work for a foreign company.In the first session, All about JTI, participating students can learn about the company’s recruitment plan, while in the JTI Job Mentoring session, recently recruited JTI employees will share their hands-on employment tips.In the third session, TV star Alberto Mondi who appears on the TV talk show Non-Summit, will give a special lecture titled Five Choices of Alberto, telling of his experience in a foreign company. In the last session, participants will be able to talk with company executives.  “We hope job-seeking students will be able to take home as much practical advice and information as possible through the career mentoring event with JTI employees,” said a JTI Korea human resources team official. “JTI Korea will continue t

Oct 30, 2015By Park Jin-hai
Companies

Korea, China, Japan to boost 3-way trade

Korea’s Trade, Industry and Energy Minister Yoon Sang-jick, center, poses with Japanese Trade Minister Hayashi Motoo, left, and China International Trade Representative Zhong Shan during the 10th Trilateral Economic & Trade Ministers’ Meeting at the Four Seasons Hotel in central Seoul, Friday.By Park Jin-haiThe trade ministers of Korea, China and Japan gathered in Seoul, Friday, for the first time in three-and-half years to rekindle their moribund three-way talks.At the 10th Trilateral Economic & Trade Ministers’ Meeting, Trade Minister Yoon Sang-jick, his Japanese counterpart Hayashi Motoo, and Secretariat of China International Trade Representative Zhong Shan discussed economic cooperation and trade issues, including a trilateral Free Trade Agreement and the Framework for a Regional Comprehensive Economic Partnership (RCEP).The RCEP involves the three countries, plus Australia, New Zealand and India and the 10 member countries of the Association of Southeast Asian Nations.Pointing to the lack of inter-trade among the three countries, which stands at 22 per

Oct 30, 2015By Park Jin-hai
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