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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.

KoreaToday Corby phones pass cool muster

By Kim Tong-hyung Staff reporter Mobile phones are for Samsung Electronics what the Walkman music players had been for Sony ― brand-building products that allowed the company to achieve a global reputation for style and innovation. And although Samsung, the world's runner-up handset vendor behind Nokia, is facing increasing competition from companies like Apple, HTC and Sony Ericsson, snazzy devices like the colorful Corby mobile phone suggest that the company's creative edge remains intact. Since its release in March, Samsung has sold more than 150,000 units of its Corby-F folder-type handsets here, which was easily among the top in sales for feature phones. The touch-screen version of Corby, released last November, also sold around 550,000 units. Samsung's Corby series of phones were released in the North American and European markets a little earlier during the second-half of 2009, and have been selling hot off the shelves since. The popularity of the handsets suggests that Samsung has become a rare vendor by presenting a product that is managing to pass the coolness

Jun 29, 2010

KoreaToday New SM5 sets new standard

By Kim Tae-gyu Staff reporter There is a time-honored belief that a sequel tends to be worse than the original. But that seems not to be the case for the New SM5, the recently launched three volume family saloon of Renault Samsung Motors. The SM5 has been the flagship sedan of Renault Samsung over the past 10 years as the model continued to hold its ground against tough domestic competitors such as Hyundai Motor or Kia Motors. After upgrading the fancy vehicle to the second-generation model in 2005, Renault Samsung came up with the third-generation of the New SM5 early this year to draw sensational responses in the markets. When the corporation channeled around 400 billion won ($320 million) into the upgrade for three full years, concerns were lingering on whether or not the large investments could be recouped. But when the redesigned version was unveiled, it instantly prodded market watchers to issue positive predictions ― it is good enough to live up to the legacy of the SM5, which moved more than 700,000 units here. Its spacious seats, elegant and refined s

Jun 29, 2010

KoreaToday Qook services make KT cream of crop in IT sector

By Kim Yoo-chul Staff reporter KT, the nation's biggest fixed-line operator, is receiving more credits over the credibility of its high speed Internet service. The unified "home services" brand "QOOK," stands for subscribers "cooking up and selecting quality services in any way they choose." With this, KT's services for households including Internet, IPTV and home phones are now under the brand. KT said some 7.2 million South Korean users have registered in using the service. To attract more customers, KT is putting on content-based 27 additional things to its QOOK Internet services via the zone.qook.co.kr. By running various enhanced after-sales measures, KT is seeking to boost consumer satisfaction. Over the last few years, KT has been operating its unique and consumer-friendly program called "Consumer Complaints Management System" or CCMS. Under that program, KT is hoping for better efficiency to soothe possible consumer complaints of its Internet-related services. By launching bundled packages with consumer manufacturers, KT is expanding its QOOK-combin

Jun 29, 2010By Kim Yoo-chul

KoreaToday Hyundai Capital supports self-employed

New product ‘My Business’ is tailor-made for entrepreneurs By Kim Jae-won Staff reporter Hyundai Capital's new product "My Business" is gaining popularity among the self-employed for its fast and convenient services. It is easier to get loans because it does not require any documents to prove income, but evaluates based on only the credit ratings of customers. So, the process is simple, and the loan is provided without much hassle. The interest rate is also relatively low at less than 30 percent. Entrepreneurs can borrow small sums up to 5 million won ($4,100) through the product, while other companies provide only 3.5 million to 4 million won. In addition to microcredit financing, Hyundai Capital provides various financial services for the self-employed. The firm issues "My Business Card," specialized for self-employed clients. The cardholders can get an additional discount for auto leasing and rental fees. Hyundai Capital also provides business loans of up to 50 million won with 8.59 percent annual interest. Customers have up to 48 months to repay the loan. The f

Jun 29, 2010

KoreaToday Prudential seeks to become trusted insurer in Korea

By Cathy Rose A. Garcia Staff reporter Prudential of Korea (POK) is striving to become the most trusted insurance company. Other companies might want to become the largest or most profitable, but Prudential takes pride in becoming an honest and ethical company that is trusted by many. Founded in 1991, POK set itself apart from other insurance companies by introducing a different type of sales system with Life Planners. The company recruited males with bachelor's degrees to become Life Planners to sell its need-based products to customers. POK only sells its products through Life Planners, unlike other companies who sell through bancassurance or TV home shopping. Each customer receives one-on-one consultation from a Life Planner, who provides products based on their personal needs. The insurance products are always customized to suit the specific needs and lifestyles of each individual. Life Planners follow the 3Qs: Quality People, Quality Product and Quality Service. In the Korean insurance industry, POK has led the way, introducing many firsts and innovative

Jun 29, 2010

KoreaToday IBK beefs up retail banking

By Kim Jae-won Staff reporter The Industrial Bank of Korea (IBK) released a new product titled the "IBK Mobile Account," which provides a 3.5 percent annual interest rate if customers pay their mobile phone bill through the account. Other banks usually require transferring their salary to a certain account for benefits, but this product only involves making payments for cell phone bills. The product has been popular here since it was released in January. So far, 9.5 billion won was put into a total of about 200,000 accounts. "We will promote the individual financial sector by creating new products for students and housewives, who have high potential in the market," an employee of the state-run lender said. IBK has evolved to become far more than a policy financing institution. Today the bank specializes not only in corporate banking, but also in consumer banking and offers customers a comprehensive range of financial services that meet the rapidly changing demands of the consumer banking sector. As a result of IBK's continuous growth in the consumer banking sect

Jun 29, 2010

KoreaToday 3rd-generation ginseng products on sale

By Kim Tae-kyu Staff reporter For the first millennium fresh ginseng dominated Korea's medical communities while red ginseng ruled the following millennium thanks to its greater benefits against many diseases including cancer. Red ginseng is created by steaming fresh ginseng, the raw product, at temperatures between 80 and 100 degrees Celsius before undergoing the drying processes. In this way, its disease-fighting power substantially improves. Currently its third-generation variation has arrived, dubbed ``Sun ginseng,'' which was created in the early 1990s in Korea through applying different temperatures and pressures that significantly raise the ginsenoside components. As a result the herb gains tremendous efficiency in combating many illnesses. Ginseng Science, a Korean company that holds the exclusive rights for Sun ginseng, has ardently pursued the global markets with their unique ginseng products to chalk up notable successes over the past several years. The company, which was established in 2001 amid the venture boom here, started to export its products in 2

Jun 29, 2010

KoreaToday Seoul Milk provides freshness with production date

By Kang Seung-woo Staff reporter Seoul Milk has led the industry with a variety of high-quality products for more than 70 years. And the nation's oldest and biggest dairy producer is not content with its title, as it continues its efforts to offer the best and freshest products to customers with the introduction of the production date. Seoul Milk became the first dairy producer last July to voluntarily label the production date on its milk cartons after recognizing that customers consider freshness as their prime concern when purchasing milk. The country's current food safety law requires food makers to reveal either the production or expiration date of products, which often leads consumers to question how long the products have been sitting on store shelves. Disclosing both dates helps consumers to select fresher milk on a relative basis. In order to establish the system of using both dates on the cartons, the producer has gone through innovation and change in the process of circulation, which enables the company to deliver products once manufactured and to prod

Jun 29, 2010By Kang Seung-woo

KoreaToday BJFEX set to become Asia’s hub

By Cathy Rose A. Garcia Staff reporter The Busan-Jinhae Free Economic Zone (BJFEZ) is shaping up to become the international business and logistics hub of Northeast Asia and the world. Established in 2004, the BJFEZ covers 104.8 square kilometers (26,000 acres) located on the southeastern tip of the Korean Peninsula. The area is strategically positioned along the North American and European trunk routes, the starting and ending point of the future Asian intercontinental railroad, and the heart of Korea's southeastern industrial belt. To achieve its vision of turning the Busan-Jinhae area into an international business and logistics center of northeast Asia, the BJFEZ has a five point strategy to ensure its full development by 2020. The strategy involves: ensuring the best business practices environment; reinforcing the region's specialization in logistics and distribution; focusing the free economic zone as a center of future technologies stressing innovative R&D; promoting environmentally friendly tourism; and creating an info-based business city offering top notch s

Jun 29, 2010

KoreaToday SK Energy puts customers first

By Kang Seung-woo Staff reporter SK Telecom, the flagship of SK Group and No. 1 wireless mobile carrier, is leading the industry on the strength of its various service offerings. And SK Energy is taking a similar step or maybe even a bigger one for its customers, as it provides a solid marketing strategy nearly equivalent to that of its sister company. SK EnClean means "Engine Clean, Environment Clean. Energy Clean is a gasoline brand of SK Energy. Since its introduction in 1995, EnClean gasoline, with its unique engine-cleaning additive, uses superior-grade products with strict quality controls that surpass legal requirements. It also introduced a cutting-edge purifier in 2006 to meet consumers' demands for high quality. In addition, the brand took a leading role in launching a membership system, introducing the EnClean bonus card in 1996. SK Energy, the nation's No. 1 refiner, upgraded the drivers' desire for premium gasoline, coming up with "Solux," a compound word of solution and luxury. The premium brand, released in 2005, is an environment-friendly a

Jun 29, 2010By Kang Seung-woo
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