South Korean cosmetics giant Amorepacific said Tuesday it would invest 3 billion won ($2.7 million) in Dmil, a multi-channel network company. According to Amorepacific, Dmil is a media contents firm, producing and selling cosmetics-related content and items, partnering with 250 content creators, including YouTubers Jella, Woorin and Chaeyoung. “From this investment, Amorepacific Group will establish a close partnership with beauty influencer-made contents and in commerce,” Lee Yo

The revamped version of the SM6 is gaining popularity for its new powertrain, Renault Samsung Motors said Tuesday. First released in 2016, the automaker presented the revamped version of the new SM6 in July this year, with upgrades in its powertrains. The automaker said it took three and six months to present the upgraded mode, to take in and reflect the opinions of its customers. For the development of the facelifted SM6, the company plowed in 230 billion won ($208 million), Renault Samsung

Amazon is partnering with Korean e-commerce platform 11st to avail purchase of its goods to Korean customers, 11st operator SK Telecom said Monday. According to SKT, which is SK Group’s mobile carrier that operates online shopping platform 11st, the two made an agreement for Amazon’s equity participation in 11st. Amazon is reportedly expected to purchase up to 30 percent of 11st’s company shares. Depending on 11st’s performance, which includes the company’s plan

South Korea will have a mega carrier ranking as one of the world’s top 10 by fleet, following the country’s No. 1 carrier Korean Air’s decision to acquire its close rival Asiana Airlines on Monday. In the past months, Kumho Industrial struggled to find a new owner for Asiana, the country’s second biggest carrier. Most recently, its attempt to sell it to HDC Hyundai Development, a local property developer, collapsed amid the COVID-19 pandemic. On Monday, Korean Air an

A total of 17 South Korean conglomerates, including LG Electronics, SK Holdings and CJ CheilJedang, made the list of the 2020 Dow Jones Sustainability Indices, according to consulting agency Korea Productivity Center on Sunday. The DJSI, co-operated by US-based finacial data firm S&P Dow Jones Indices and Switchland-based RobecoSAM, serves as the evaluation method for global sustainability management and the standard for investment. The indices consist of three geographical breakdowns--wo

GAPYEONG, Gyeonggi Province -- Renault Samsung Motors CEO Dominique Signora stressed the importance of maintaining good labor relations Wednesday, following the reelection of a hardline union chief days before.  Speaking to reporters during a test-driving event for the revamped QM6, Signora also said his company would make utmost efforts to gain competitiveness in global sales, as exports are crucial for company sales.  The automaker decided to export the XM3, its compact sports util

South Korean steel maker Posco said Tuesday it held a completion ceremony for a facility to reduce pollution at its Pohang steel mill’s sinter plant. According to Posco, its sinter plants are where the steel producer mixes iron ore fines with other fine materials at high temperatures into sintered ores, which can then be used to make steel. The process creates air pollution, including nitrogen oxides and sulfur oxides, which are a source of fine dust. The new facility converts the n

Renault Samsung Motors said Friday it launched a revamped model of its bestselling sports utility vehicle QM6. The updated QM6 is the second face-lift for the SUV since June 2019, when it was first upgraded as the QM6 LPe, the country’s first LPG-powered SUV, and the premium trim Premiere. This time, major changes were made to the appearance, with a new chrome radiator grille, Quantum Wing, the automaker said.  “Since the first launch in 2016, QM6 has numerous records in

SPC Group said Thursday it opened Passion 5 Terrace, a bakery restaurant brand inside the Passion 5 building in Hannam district in Seoul. Passion 5 is the group’s flagship premium bakery brand. The newly opening Passion 5 Terrace will be dedicated to the company‘s origin, bread, and will run under the slogan, “Made from origin, Baked with Passion,” the company said. The Passion 5 Terrace has installed a stone milling system and has been designed so that customers can

Homelus, a hypermart chain, said Thursday it was starting open recruitment for its supermarket brand, Homeplus Express, a first in three years since 2017, after the company was acquired by MBK Partners, a private equity firm. With the recruitment, Homeplus said it seeks to strengthen its supermarket business, which shows consistent growth while the offline retail industry is struggling overall, and also to provide job opportunities to college graduates seeking jobs amid the pandemic. The re

Renault Samsung Motors said Wednesday it had started a race contest with the European Chamber of Commerce in Korea involving its electric vehicle Twizy, to encourage donations from ECCK member firms. The automaker said it is participating in the event hosted by the ECCK, as the main sponsor to provide five units of its ultracompact model, Twizy. For the four-day event, the five Twizy cars departed from Seoul and will stop at Daejeon and Daegu before arriving in Busan on Friday. The fundrai

진행자: 조혜림, Brolley Genster 1. [Weekender] Red, white and rose chase coronavirus blues away 요약: 코로나 시대에 홈술 인기, 와인 대중화 가속화[1] With the growing popularity of imported wine -- mostly affordable wines from ever-diversifying regions, including Eastern Europe -- a major shift in Koreans’ wine consumption pattern is underway. And the coronavirus-triggered stay-at-home culture is accelerating its arrival. *ever-diversifying 어느 때보다 다양해진 *underway 진행중인 *triggered 촉발된  [2] A myriad of choice

Nongshim, a South Korean food company, said Wednesday that it expects record-high overseas sales of $990 million this year with its flagship instant noodle brand Shin Ramyun. According to Nongshim, the overseas sales forecast is up about 24 percent on-year, as the demand for instant noodles jumped across the world in the wake of COVID-19. By year-end, sales of Shin Ramyun will reach about $390 million, Nongshim said. Shin Ramyun has been chosen as one of the world’s best instant noodl

Lee Eun-ji, 28, recently started to take golf lessons. For long, she had thought golf was sports for people her parents’ age, but this year, it came to her as a nice outdoor activity to enjoy, in the wake of the COVID-19 pandemic. “Frankly, I thought golf would be boring because it looked like a quiet sport. But with COVID-19 keeping me at home, I looked for different outdoor activities and landed at golf,” Lee, an office worker in Seoul told The Korea Herald. Similar to L

In the era of the “fourth industrial revolution,” digitalization is inevitable for businesses. In this vein, Han Sung Motor, an official Mercedes-Benz dealer, is presenting a digital pop-up store to promote the German-brand and its vision for digitalizing the automobile industry. On Friday, the auto dealer held a three-day showroom, dubbed Han Sung Digital Park in Coex, Seoul. There, the auto dealer displayed Mercedes-Benz EQC 400, the first electric vehicle for the automaker, and

SPC Group said Thursday it has opened a new Baskin Robbins outlet, designed in the traditional Korean style Hanok building. Located in Jongno, central Seoul, the Baskin Robbins Samcheong Madang is Baskin Robins’ 10th concept store, inspired by the idea of harmonizing the traditional and the modern, the group explained. The ice cream parlor has been constructed using traditional tiles, wooden pillars and with a surrounding fence to give it the look of a traditional hanok building, the

Volkswagen Korea aims to “democratize” the imported vehicle market here with a robust lineup of eight models, the company said Thursday. Reiterating the goal the company announced in 2018, the automaker said it aimed to expand its vehicle portfolio in South Korea and offer them at reasonable prices to compete with Korean brand automobiles. With its popular sports utility vehicle Tiguan in lead, the automaker said its sales tripled in the first three quarters this year, compared

Fiat Chrysler Automobiles Korea said Wednesday that it is releasing the All-New Wrangler Willys edition, presenting just 100 units here. According to the company, the All-New Wrangler Willys edition was inspired by the Willys Overland CJ-3A -- the “father” of modern recreational vehicles, which was introduced around the end of 1948. The four-door off-roader has a hood that displays a decal exclusive to the Willys and a black seven-slot grille that hints at the original Willys, t

Coupang, an e-commerce giant, issued a statement Tuesday claiming that facts surrounding the death of a contract worker were being distorted. Denying claims that the short-term worker had died of overwork, Coupang said it will take strong actions against those who spread distortions. On Oct. 12, the short-term contract worker, who worked at Coupang’s Daegu Logistics Center, was found dead after returning home at around 6 a.m. Over this, there have been claims that the worker died of ov

ETAS Korea said Tuesday it has agreed to cooperate with KPMG Samjong Accounting on automobile security business. In June 2020, the UNECE’s World Forum for Harmonization of Vehicle Regulations recently adopted a regulation on cyber security to mandate automakers and auto part producers to put in place a system to tackle security risks prior to putting vehicles on the market. UNECE stands for United Nations Economic Commission for Europe. Accordingly, all new cars to be registered in Eu