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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

Sales of Japanese beer, noodles, snacks plunge amid trade dispute

A supermarket in Seoul has put up a sign that reads, “We do not sell Japanese products.” / YonhapBy Kwak Yeon-sooConsumers are turning away from Japanese products like beer, instant noodles and snacks, in the wake of a trade dispute over Tokyo's recent decision to curb exports of high-tech materials to Seoul.With sales of these products falling dramatically at discount chains, many say this is an indication that the “Boycott Japan” movement is hurting business. Supermarket chain E-mart said Japanese beer sales dropped by 30.1 percent between July 1 and 18 compared to the same period a month ago.Japanese instant noodle sales plunged 31.4 percent, while Japanese seasoning sauce sales fell 29.7 percent and Japanese natto sales declined 9.9 percent, according to E-mart.Lotte Mart also saw a 15.2 percent decrease in Japanese beer sales during the same period. Japanese instant noodle sales dropped 26.4 percent while natto sales fell 11.4 percent. Japanese snack sales fell 21.4 percent from a month earlier.Meanwhile, convenience stores suffered weekly losses in July

Jul 21, 2019By Kwak Yeon-soo
Sales of Japanese beer, noodles, snacks plunge amid trade dispute
  • PHOTOS 'We don't sell Japanese goods'
  • 'Boycott Japan' becomes more intense, sophisticated
  • Korean victims of forced labor file for sale of seized Mitsubishi assets
Companies

Hankook Tire fined for preventing retailers from cutting prices

By Kwak Yeon-sooHankook Tire & Technology CEO Cho Hyun-bum / Korea Times fileHankook Tire & Technology was fined 117 million won ($99,472) for forcing its dealers to sell tires at above certain prices, the Fair Trade Commission (FTC) said, Sunday.According to the antitrust authority, Hankook Tire allowed offline dealers to offer discounts of only up to 40 percent of factory prices from January 2017 to November 2018. The company monitors all tire purchases and entered a permissible range for discounts in its smart transactions system that prevents dealers from offering tires at lower prices.The FTC said the tiremaker threatened to reduce or stop supplying tires to dealers not complying with its demand, which is an unfair trading practice and illegal resale price maintenance.“Hankook Tire's practice limits price competition for dealers in the tire market, and therefore undermined consumers' opportunity to purchase tires at reasonable prices,” an FTC official said. Hankook Tire's share in the domestic market accounts for more than 30 percent as of 2018, which is No.

Jul 21, 2019By Kwak Yeon-soo
Hankook Tire fined for preventing retailers from cutting prices
Companies

For pet owners

Models display a variety of goods for pets at Starfield Hanam in Gyeonggi Province, Sunday. E-mart said it will join hands with pet supplies brand Furby to operate a pop-up store until July 28. / Yonhap

Jul 21, 2019By Kwak Yeon-soo
For pet owners
Companies

Hyundai Mobis develops camera monitors to replace side mirrors

Hyundai Mobis' concept autonomous car M.Vision equipped with the camera monitor system / Courtesy of Hyundai MobisBy Kwak Yeon-sooHyundai Mobis has developed a camera monitor system that is designed to replace side-view mirrors in “future” vehicles, the company said Sunday.A camera monitor system is a device that monitors the driving environment behind and next to the vehicle, and displays the information on real-time monitors located inside the car.The system's monitors will be installed on the side of the steering wheel, above the right vent in front of the passenger seat, and where the rear-view mirror usually is. The monitors can provide a clear image without distortions on a large screen compared to side-view mirrors, according to the auto parts maker.The camera sensors installed in place of side-view mirrors will not only improve driving safety by reducing blind spots, but also increase fuel economy by reducing air resistance and eliminate wind noise thanks to its innovative design.“The paradigm shift to future vehicles is demanding both functional and design

Jul 21, 2019By Kwak Yeon-soo
Hyundai Mobis develops camera monitors to replace side mirrors
Companies

'Boycott Japan' becomes more intense, sophisticated

Seen is NoNo Japan's online community where users can share information about local brands that are considered alternatives to Japanese products. / Captured from NoNo JapanBy Kwak Yeon-sooKorean citizens' boycott of Japanese products has become more intense, widespread and sophisticated in response to Tokyo's recent decision to curb exports of high-tech materials to Seoul. Online communities have started a vast boycott of major Japanese brands, ranging from electronics to household goods and snacks. An increasing number of merchants have also joined the “Boycott Japan” campaign, saying they will stop offering Japanese goods.A new online community called “NoNo Japan” surfaced July 11, where users can share information about Japanese brands and help find local alternative brands. The website crashed Thursday morning as users flocked to check out items. There are currently about 60 registered products, and any member can freely upload others to the website.“I thought it would be better to share information about alternatives instead of just telling them abo

Jul 18, 2019By Kwak Yeon-soo
'Boycott Japan' becomes more intense, sophisticated
  • Korean YouTuber attacked for eating mochi amid trade war with Japan
  • KCCI head calls for national unity in dealing with Japan
  • Gov't, parties united to fight trade war
  • Anti-Japan protest picks up steam
  • Sales of Japanese beer, noodles, snacks plunge amid trade dispute
  • YouTubers troubled in wake of Japan boycott campaigns
Tech & Science

Ex-Samsung engineer develops app for healthy diet

DoingLAB Founder and CEO Jin Song-baik speaks during an interview with The Korea Times, July 11. Korea Times photo by Suh Jae-hoonBy Kwak Yeon-soo Jin Song-baik quit Samsung Electronics, where he worked as a software engineer, in 2014 to found a startup called “DoingLAB” in October 2016. DoingLAB uses an artificial intelligence (AI) engine to help users manage their weight effectively and work on eating more healthily.Before putting energy into his own business, Jin worked as a researcher at Samsung Medical Center to study the dietary habits of diabetes patients and as a software engineer to develop a personal training app. Both experiences have taught him more about the importance of eating behavior and food intake. “I had an early idea while I was working on my project at Samsung's C-Lab, which is an internal program for employees. But I also thought I needed real-time experiences,” Jin said.According to Jin, the most frequent feedback he got from patients and app users was demand for nutritional counseling. “There have always been apps in which users

Jul 17, 2019By Kwak Yeon-soo
Ex-Samsung engineer develops app for healthy diet
Companies

Berry Bros. & Rudd aims high in Korea with extended wine selection

By Kwak Yeon-sooMark Pardoe, wine director of Berry Bros. & Rudd, poses with a glass of wine and bottles of Barolo, Nero d'Abola and Montelpulciano d'Abruzzo from The Wine Merchant's range at the Marriott Hotel in Seoul, Tuesday. / Courtesy of HomeplusAcclaimed British-based wine merchant Berry Bros. & Rudd (BB&R) plans to unveil three additional types of wines from Italy at Homeplus, its exclusive retail partner in Korea, in a bid to target a wider range of wine enthusiasts here. An official wine supplier to the British Royal Family, BB&R is an established family-run wine and spirits merchant which has 321 years of history and tradition.Since the company first launched its wine selection in partnership with Homeplus in 2017, it has rolled out 20 types of wines from Spain, France, Italy and the U.K. under the brand name of The Wine Merchant's. Unlike other Asian countries, such as Hong Kong, Japan and Singapore, where the wine merchant opened separate offices, BB&R chose to partner with Homeplus to offer wines to Korean consumers at affordable price range.“O

Jul 17, 2019By Kwak Yeon-soo
Berry Bros. & Rudd aims high in Korea with extended wine selection
Companies

Hollys, Daiso struggling with tumbler fiasco

From left is a Rilakkuma Tumbler, Caffe Pascucci's Heart Tumblers, Hollys Coffee's New Modern Tumbler and Daiso's SS2019 Spring Tumbler / Korea Times fileBy Kwak Yeon-sooCaffe Pascucci, Hollys Coffee and Daiso are desperate to quell the anger of consumers after the Korea Consumer Agency (KCA) found their tumblers to contain high levels of lead.The companies have begun to recall their tumblers, notifying consumers of ways they can be refunded.The moves came as the KCA warned consumers, Tuesday, on the dangers posed by using tumblers laced with lead. After screening 24 tumblers bought from retailers, the agency said four were found to contain lead amounting to 4,078 milligrams per kilogram to 79,606 milligrams per kilogram, way above the international standard ― 90 milligrams per kilogram. Caffe Pascucci's notice for tumbler recall / Courtesy of Caffe PascucciCaffe Pascucci displayed a product recall notice on its website.“The Heart Tumbler abided by the Food Sanitation Act, but the KCA raised question about the safety of its exterior surface. Therefore, we decided to recall the

Jul 17, 2019By Kwak Yeon-soo
Hollys, Daiso struggling with tumbler fiasco
Companies

Volunteer activities in Cambodia

A volunteer dispatched by KT&G helps a child with drawing during the company's overseas volunteer program in Siem Reap, Cambodia, in this photo provided by the firm Wednesday. Thirty-six university students selected by the company carried out volunteer work in the region, including building libraries, renovating schools and donating books. The company has been undertaking various volunteer activities in Cambodia since 2005. Courtesy of KT&G

Jul 17, 2019By Kwak Yeon-soo
Volunteer activities in Cambodia
Tech & Science

Korea, Israel agree to boost ties in manufacturing, high-tech

Korea-Israel Economic Forum was held at FKI Conference Center, Tuesday. From left are Daegu City Mayor Kwon Young-jin, Israeli Ambassador to Korea Chaim Choshen, FKI Chairman Huh Chang-soo, Israeli President Reuven Rivlin, Trade Minister Yoo Myung-hee and Korean Ambassador to Israel Choi Yong-hwan. / Courtesy of FKIBy Kwak Yeon-sooKorea and Israel held an economic forum to discuss ways to boost bilateral ties in a mutually beneficial manner, the Federation of Korean Industries said Tuesday. During the forum, the two sides assessed increased cooperation in such areas as vehicle equipment, renewable energy, and information and communication technology, and agreed to expand the level of cooperation into innovative sectors, including biotechnology, AI and data science, and robotics.Reuven Rivlin, president of the State of Israel, arrived Sunday on a four-day state visit, becoming the first Israeli President to visit Korea in nine years. He previously visited Seoul in 2010 as minister of communications. Rivlin touted Israel's capacity to break new grounds in cybersecurity, fintech, AI, di

Jul 16, 2019By Kwak Yeon-soo
Korea, Israel agree to boost ties in manufacturing, high-tech
  • S. Korea, Israel agree on early FTA
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