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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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People & Events

TonyMoly appoints new CEO

Yang Chang-sooBy Park Jin-haiTonyMoly, a Korean cosmetics company, said Monday that it has appointed ex-AmorePacific exec as its CEO.Yang Chang-soo, 51, will lead the mid-sized cosmetics firm, which went public in July and is fast expanding its global presence.Yang studied agricultural economics at Korea University before joining AmorePacific, the nation’s largest cosmetics brand. He was in charge of department sales before serving as CEO of its brand Etude House and vice president of marketing. After he left the company, he joined Shinsegae International’s VIDIVICI cosmetics brand as vice president where he worked until the end of 2014. “While working in the cosmetics industry for a long time, he has earned a reputation as someone who can ratchet up a brand’s potential in a short time through various innovative marketing campaigns,” said a company official.Previously, the cosmetics maker has been plagued with rumors that its CEOs have had conflicts with its chairman. In the last two years, the company has had five new CEOs including Yang. Before hi

Nov 9, 2015By Park Jin-hai
TonyMoly appoints new CEO
Companies

Hyundai Motor ranks tops in German sales

By Park Jin-haiHyundai Motor and its sibling Kia Motors topped October sales in Germany, overtaking other global auto brands.According to data by  the German Association of the Automotive Industry, the two Korean carmakers sold a combined 14,131 cars in October, the largest monthly sales among foreign brands there, followed by Skoda with 13,808 cars and Renault with 9,665.Hyundai Motor saw its sales inch up 0.4 percent year-on-year to 9,084, while Kia Motors' sales expanded 4.2 percent over the same period to 5,047.The growth comes despite a 5.2 percent decline in sales of imported cars in Germany.“It is meaningful that we could achieve the top place in sales at the country home to world renowned automakers. It shows that our vehicles’ quality and performance have been recognized in Germany,” said a Hyundai official.Industry watchers say that if Hyundai’s new premium Genesis cars hit the market, Hyundai and Kia will gain significant market share in Germany. Hyundai plans to complete the full Genesis lineup with a total of six models by 2020, competing aga

Nov 9, 2015By Park Jin-hai
South Korea

British veteran to be buried at UN memorial

By Kang Seung-wooLate Robert McCotter when he participated in the Korean War.The remains of a British Korean War veteran will be buried Wednesday at the U.N. Memorial Cemetery (UNMC) in Busan 14 years after his death, the Ministry of Patriots and Veterans Affairs (MPVA) said Sunday.The family of Robert Steed Holman McCotter will visit Korea on Monday with his remains as part of the ministry’s “revisit program” that will also involve 90 other veterans and their families from 11 countries, including the United States and Turkey.On Wednesday, the ministry will hold the Turn Toward Busan ceremony, a one-minute silent prayer for U.N. troops killed during the war, at the memorial and McCotter will be buried there ahead of the event.McCotter fought against North Korea after joining the war in September 1950 through August 1952.During his lifetime, he wanted to visit Korea, but his ill health prevented a trip before he died aged 70 in 2001. However, he said in his will that he wished to be buried here.McCotter’s son and daughter-in-law, along with the Britis

Nov 8, 2015By Park Jin-hai
British veteran to be buried at UN memorial
Companies

Emerson Pacific to receive W180 billion investment from China

An outdoor pool at the Ananti Club Seoul in Gapyeong, Gyeonggi ProvinceBy Park Jin-haiLee Man-keu, CEO of EmersonPacific GroupEmerson Pacific Group, a golf and resort operator widely known for its Ananti chain of resorts, will receive a 180 billion won ($16 billion) investment from China’s largest private investment company China Minsheng Investment Corp, according to the company Sunday.The China Minsheng Investment Corp, with capital of 8.9 trillion won and over 60 private companies as share holders, invests in industries ranging from finance and insurance to leasing, aircraft and real estate.In its first investment in Korea, its affiliate CM International Capital will take part in the allocation of a capital increase through a special purpose company. The amount is the largest Chinese investment into a Korean listed company, not targeting acquisition of the firm’s managerial rights,  said Emerson Pacific.It has been actively acquiring undervalued assets in the world including most recently a 2.5 trillion won acquisition of Sirius International Insurance Group.Emers

Nov 8, 2015By Park Jin-hai
Emerson Pacific to receive W180 billion investment from China
Companies

Lotte World Tower duty free aims for world No.1 store

Lotte Duty Free CEO Lee Hong-gyun speaks in a recent press briefing on his vision to make Lotte World Tower Duty Free into an international tourist attraction, at the tower in Jamsil, Seoul, Wednesday. / Courtesy of Lotte Duty FreeBy Park Jin-haiThe race for the new licenses for three duty free stores in downtown Seoul is coming down to the wire, with the Korea Customs Service’s decision on the winners due Saturday.Four companies -- Shinsegae, Doosan Group, SK Group and Lotte Group -- are in the battle for the licenses.Among them, Lotte is leading the pack, with its Chairman at the helm presenting a plan to make World Tower Duty Free the world’s top duty free shop in sales within 10 years.“Lotte duty free stores’ global ranking has been raised to third place, because we have been promoting the local tourism industry and duty free business for the past 35 years,” said Shin Dong-bin, Lotte Group Chairman, outlining the company’s “Vision 2020” last month. “We will make all efforts to elevate it to the world’s top by 2

Nov 8, 2015By Park Jin-hai
Lotte World Tower duty free aims for world No.1 store
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
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