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Kwak Yeon-soo

Korea Times Digital Content Reporter

Kwak Yeon-soo is a digital editor at The Korea Times creating, editing and curating digital content for the newspaper’s website, mobile app and social media. She previously covered a diverse array of cultural, political and business topics.

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Companies

Samsung C&T invests more to finance CSR activities abroad

Samsung C&T employees pose for a photo with children after performing CSR activities in Myanmar, Aug.5-8. / Courtesy of Samsung C&TBy Kwak Yeon-sooSamsung Construction & Trading Corporation (C&T) will invest more in its corporate social responsibility (CSR) activities both at home and overseas, the company said Monday. Its CSR activities will be organized around three key pillars ― providing fair opportunities for future generations, improving the living conditions of local communities and building a sustainable environment. Samsung C&T's four business groups ― Engineering & Construction (E&C), Trading & Investment (T&I), Fashion and Resort ― will jointly run social contribution activities to develop youth education programs. Furthermore, they will devise independent programs on their own. To increase programs for teens, the company aims to expand the Junior Construction Academy, an open-semester learning program, which kicked off in 2017. The academy is a learning facility designed to teach children about engineering and construction, and provide

Sep 3, 2019By Kwak Yeon-soo
Samsung C&T invests more to finance CSR activities abroad
Companies

Chong Kun Dang Holdings fined for violating antitrust law

By Kwak Yeon-sooChong Kun Dang Pharmaceutical Chairman Lee Jang-hanChong Kun Dang Holdings was fined for violating the country's Monopoly Regulations and Fair Trade Act concerning holding companies, the Fair Trade Commission (FTC) said Monday. The FTC said it imposed a 140 million won ($115,640) fine and issued a correction order on Chong Kun Dang Holdings for holding shares in a financial company.It also imposed a 24 million won fine and correction order on the holding company's affiliate Bell E&C for holding stocks of domestic affiliates that do not fall under grandson companies.According to the anti-trust authority, Chong Kun Dang Holdings was accused of owning a 56.29 percent share in CKD Venture Capital two years after the company was converted into a holding company. In addition, Bell E&C violated the act by continuing to own 9.14 percent of CKD Venture Capital shares two years after it was converted into subsidiary. The Fair Trade Act prohibits a holding company from holding stocks of any domestic company that runs financial or insurance businesses when it is converted

Sep 2, 2019By Kwak Yeon-soo
Chong Kun Dang Holdings fined for violating antitrust law
Trends

'Preventive treatments will be mainstream beauty trend'

By Kwak Yeon-sooPark Dae-jeong, a cosmetic doctor at the toxnfill clinic / Courtesy of toxnfill clinicProcedures that offer minor tweaks and small corrections to the face and body are increasing in popularity. On top of that, more and more patients are looking for preventive treatments ― meaning they use Botox or fillers to stop creases and wrinkles before they start appearing.“I think preventive treatments will be big in the near future,” said Park Dae-jeong, a cosmetic doctor who specializes in Botox and fillers. “Reflecting such trends, a larger number of patients are undergoing non-surgical treatments at a younger age.”According to Park, most of the patients that visit his clinic “toxnfill” are in their 20s and 30s. By gender, women account for about 90 percent. The aesthetics expert said that compared with few years ago, when the youngest patients getting Botox were in their mid-to late-30s, he now sees a lot of women in their late 20s coming in to start treatment. “Now that exaggerated cosmetic procedures or one-size-fits-all beauty sta

Sep 2, 2019By Kwak Yeon-soo
'Preventive treatments will be mainstream beauty trend'
Companies

Coca-Cola Korea names new CEO

By Kwak Yeon-sooNew Coca-Cola Korea CEO Choi Su-chong. / Courtesy of Coca-Cola KoreaCoca-Cola Korea has named Choi Su-chong as CEO, replacing Lee Chang-yeob, who held the post for 12 years. As the Korean company's first female CEO, Choi will be responsible for managing operations as well as building a brand through competitive differentiation.According to Coca-Cola Korea, Choi has a proven record of growing businesses and managing large transitions.Choi joined Coca-Cola Korea as a brand manager for Sprite and Fanta in 2006 and was promoted to various positions in marketing soda brands. Since 2018, she has been in charge of sales as well as marketing, leading the stable growth of major brands such as Coca-Cola and Sprite and launching a variety of new products such as Seagrams, Georgia Coffee, Toreta and AdeS.Choi, who previously worked at Mars Wrigley Korea and Samsung USA, has worked at Coca-Cola's other Asian branches, including Taiwan, Hong Kong and Mongolia.“It's my pleasure and honor to be appointed as the new CEO of Coca-Cola Korea,” Choi said. “Coca-Cola Kore

Sep 2, 2019By Kwak Yeon-soo
Coca-Cola Korea names new CEO
Companies

Nongshim, Ottogi eye Vietnamese market

A customer picks up Korean instant noodles at a supermarket in Seoul. Korea Times fileBy Kwak Yeon-sooKorean instant noodle companies are increasing their investment in Vietnam in a bid to accelerate entry into Southeast Asia, according to industry officials Sunday. Compared with the past, when products were simply exported, companies are now building subsidiaries or factories to expand sales.Total consumption of instant noodles worldwide reached 103.6 billion in 2018, of which about 80 billion, or 80 percent, came from Asia, according to a World Instant Noodles Association (WINA) report.Among Southeast Asian countries, Vietnam is the world's fifth-largest market with an estimated 5.2 billion packages of instant noodles consumed, and the popularity of Korean brands has been growing.Vietnam was ranked second in instant noodles consumption per capita, with 53.5 packages eaten annually on average. Korea was in first place with 73.7 per person. A recent report from the state-run Korea Agro-Fisheries & Food Trade Corporation cited increasing exports of Korean instant noodles.“So

Sep 1, 2019By Kwak Yeon-soo
Nongshim, Ottogi eye Vietnamese market
Companies

Promoting mutual growth

Homeplus CEO Im Il-soon, center foreground, shakes hands with an executive from the retail chain's partner firm at a meeting held at Homeplus headquarters in Seoul, Aug. 30. The discount chain operator invited its partners to discuss product development strategies to boost sales and achieve mutual growth. Courtesy of Homeplus

Sep 1, 2019By Kwak Yeon-soo
Promoting mutual growth
Companies

KORAIL to inject $7.1 bil. to replace aging equipment

KORAIL CEO Son Byung-seok, center, speaks during a safety management workshop at the KORAIL Human Resources Development Institute in Uiwang, Gyeonggi Province, Aug. 31. / Courtesy of KORAILBy Kwak Yeon-sooThe Korea Railroad Corporation (KORAIL) will inject 8.7 trillion won ($7.1 billion) over the next five years to replace aging facilities as part of efforts to prevent accidents, the operator of the country's KTX bullet train service said Sunday.The money allocated for promoting passenger safety will be supported by both KORAIL and the government.KORAIL held a two-day “Safety Management” workshop in Uiwang, Gyeonggi Province on Aug. 30 and 31, to re-emphasize its commitment to passenger safety. About 40 high-ranking officials, including CEO Son Byung-seok, attended the event. “Our top priority is to rebuild passengers' trust by building safe railroads,” said Son. “We will consolidate our organizational capability and safety management system to increase safety checks and prevent accidents.”Most of KORAIL's operation malfunctions have been caused by

Sep 1, 2019By Kwak Yeon-soo
KORAIL to inject $7.1 bil. to replace aging equipment
Trends

'Botox not only helps shape face but cure hyperhidrosis'

Song Youn-jee, a dermatologist at Honestar Clinic / Courtesy of Honestar ClinicBy Kwak Yeon-sooFor many foreign patients, the greatest allure of Korea's cosmetic surgery is its quality. With the prospect of better treatment and recovery, they visit the country for both invasive and non-invasive procedures.“The advanced techniques and treatments in Korea are more encouraging to patients,” said Song Youn-jee, a dermatologist, citing that the quality of treatment is much more important than the volume of customers.Regarding the growing number of Chinese clients bound for Korea for plastic surgery, Song said her clinic houses both English-speaking and Chinese-speaking consultants who walk the patient through the treatment process by providing explanations and answering questions. According to her, the most popular procedures include skin Botox, dermal filler, acne removal and laser pigmentation treatment.“Patients, of which range from mid-20s to 40s, focus primarily on measures to combat aging,” Song said.Another striking fact is that an increasing number of men h

Aug 29, 2019By Kwak Yeon-soo
'Botox not only helps shape face but cure hyperhidrosis'
Tech & Science

SK Broadband develops kiosks for pharmacies

An SK Broadband official, right, and a pharmacist pose with a self-serve kiosk tailored for pharmacies. Courtesy of SK BroadbandBy Kwak Yeon-sooSK Broadband, an internet service subsidiary of SK Telecom, has joined hands with Online Pharm to develop kiosks that can be installed at pharmacies, the company said Thursday.SK Broadband and Online Pharm signed a memorandum of understanding last September to develop kiosk technology and promote smart pharmacy services. Since then, the two counterparts have gathered opinions from pharmacists and their customers to develop the “on kiosk” self- service equipment.The “on kiosk” service offers prescription, payment and medication counseling a lot easier and faster.Customers who visit the pharmacy can fill a prescription through a barcode or QR code without having to interact with a pharmacist. In addition, they do not need to wait in long lines to receive and pay for their medication.“The pharmacists' responses are even better than we expected,” an SK Broadband official said. “Digital transformation has

Aug 29, 2019By Kwak Yeon-soo
SK Broadband develops kiosks for pharmacies
Companies

For single-member households

Models display 3kg clothes dryers at an E-mart outlet in Seoul, Thursday. The discount chain operator said it will offer a 20 percent discounts on dryers originally priced at 249,000 won ($205) until Sept. 25. Yonhap

Aug 29, 2019By Kwak Yeon-soo
For single-member households
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