South Korean retail giant Lotte Corp. said Sunday that it will host its first Non-Deal Roadshow as a holding company in Hong Kong and Singapore next week. Lotte Corp.Arranged by Nomura Securities and HSBC Fund Services, the NDR session is the first to be held by the conglomerate after it adopted a holding company structure in October.The NDR is a type of event held for investment, where executives hold discussions with current and potential investors. Nothing is offered for sale.Lotte’s interim

A transpacific joint venture between Korean Air and Delta Air Lines will be given conditional approval from the government and will launch within the first half of this year, sources said Thursday.  Hanjing Group Chairman Cho Yang-ho (fourth from right) and Korean Air CEO Cho Won-tae (third from right) pose for a photo after signing a contract for partnership with Delta Air Lines CEO Ed Bastian (fourth from left) in Los Angeles on June 23, 2017. (Korean Air)According to the sources, the Ministry

Starbucks Coffee Korea said Thursday that it would test run cashless operations at three of its branches next month, amid the growing use of credit cards and mobile payments.  Starbucks Coffee Korea officials promote the test-run of cashless stores. (Starbucks Coffee Korea)Three branches including two in Seoul -- one near Samseong Station in Gangnam and one in Guro -- and one in Pangyo in Seongnam will go cashless from April 23, the company said. All three stores are located in bustling business

 진행자: 김다솔, Paul Kerry1. 조용필•레드벨벳 등 예술단 방북… …2회 평양공연기사 요약: 남북이 20일 판문점 북측 통일각에서 열린 실무접촉에서 가수 조용필과 윤도현, 정인, 서현, 걸 그룹 레드벨벳 등이 포함된 예술단이 4월 초에 평양에서 두 차례 공연하는 것으로 합의했다.아이튠즈(아이폰): https://itunes.apple.com/kr/podcast/koliaheleoldeu-paskaeseuteu/id686406253?mt=2 팟빵 (안드로이드): http://www.podbbang.com/ch/6638S. Korea to send heavyweights of K-pop to North Korea[1] South Korea on Tuesday agreed to send a 160-member art troupe including pop singers Lee Sun-hee, Cho Yong-pil and girl group Red Velvet to Pyongya

US aircraft manufacturer Boeing said Wednesday that it plans to set up its seventh overseas technology research center in Korea by mid-2018, to accelerate its efforts to develop future technologies and aerospace products.  Darren Hulst, senior managing director of market analysis and sales support for Boeing, speaks during a press conference in Seoul last week. (Boeing)The main area of research in Korea will include autonomy, artificial intelligence, avionics, analytics, smart cabins and smart f

Incheon Bridge Co. CEO Kim Soo-hong was awarded Certified Projects Director or Level A certification from the International Project Management Association, the company said Wednesday.  cap/Incheon Bridge Co. CEO Kim Soo-hong poses with International Project Management Association’s evaluation officials in Madrid, Spain. (Incheon Bridge Co.)Level A certification is an international standard certification given by the IPMA, a leading Swiss-registered nonprofit organization, which reviews large-sca

Scale continues to play a major part in attracting shoppers both online and offline, a recent survey showed, with supermarket chains and large open market platforms coming top in consumers’ preferred retail outlets. E-mart's no brand store (E-mart)According to a joint survey conducted by research firm Consumer Insight and Hanyang University’s retail research center, at least 80 percent of consumers said they went to supermarkets within the last month. The survey was conducted on some 15,000 Kore

South Korean cosmetics company Amorepacific apologized Tuesday after several of its cosmetics products were found to contain metal traces above the permissible level. According to the Ministry of Food and Drug Safety, six products, including skin concealers and eyebrow pencils from Aritaum and Etude House, cosmetics brands under Amorepacific, contained antimony exceeding the permissible level of 10 micrograms per gram. Amorepacific“We apologize for the incident, we should have put all our focus

Amid rising costs of food and basic necessities in South Korea, the popularity of “1,000 won coffee” -- instant brewed coffee directly from coffee machines inside convenience stores -- has been growing, according to the retail industry.  7-Eleven’s Seven Cafe instant brewed coffee (7-Eleven)According to convenience store chain 7-Eleven, the first mover in introducing instant brewed coffee to the industry in 2015, approximately 45 million cups of Americano from its brewed coffee brand Seven Cafe

South Korean conglomerate Lotte Group said Monday that it has decided to cancel fireworks shows lined up for this year, after its Chairman Shin Dong-bin received a jail term over a bribery scandal. Fireworks are displayed at Lotte World Tower in Jamsil, Seoul. (Lotte Property & Development)Lotte had planned to hold a fireworks show from Lotte World Tower in Jamsil, Seoul, in April or May, to celebrate its 51st foundation day, which falls on April 3.On April 2 last year, Lotte held a fireworks sh

US aircraft manufacturer Boeing has been working with South Korean tech giant Samsung Electronics to incorporate high-speed mobile technology and next-generation information systems into its latest airplane models, according to a Boeing official in Seoul on Friday. “We are in works with Samsung and studying to use their technologies like mobile connectivity,” he told The Korea Herald. Boeing 787 models (Boeing)“Korea’s global leadership in high-speed mobile technology and next-generation informa

South Korean household care maker Aekyung Industry’s has recently announced plans to go public on March 22, set to become the first company to make debut on Kospi exchange this year. According to Korea Exchange on Tuesday, Aekyung Industry’s initial public offering price was decided at 29,100 won ($27.30) per share, the lowest in the expected price band, because the company’s profit relied heavily on a single product category, cosmetics. A total of 506 institutional investors participated in the

With solid customer loyalty, especially among women in their 20s and 30s in Korea, Starbucks Coffee Korea raked in 114.4 billion won ($107 million) in operating profit and 1.2 trillion won in sales last year, industry data showed Thursday. Starbucks (Yonhap)The US coffeehouse chain opened its first local branch near Ewha Womans University in 1999. It is the first time Starbucks has recorded over 100 billion won in operating profit.According to the Financial Supervisory Service’s electronic discl

South Korean construction companies Ssangyong Engineering & Construction and Daewoo Engineering & Construction have won the $740 million Woodlands Health Campus (WHC) project in Singapore, the firms said Thursday.  A computer generated image of the planned Woodlands Health Campus (WHC) project in Singapore (Ssangyong E&C)The two companies have formed a joint venture with Singapore’s Koh Brothers Building & Civil Engineering Contractor and worked on to win the project since December 2016.The Ssan

South Korean fashion company Kolon Industries FnC said Tuesday that it had launched an environment-friendly fashion rental service. A customer looks at clothes from Kolon Industries FnC’s Re;Cord. (Kolon Industries FnC)Starting Wednesday, Kolon Industries FnC’s upcycling brand Re;Cord will be renting out items that were manufactured three years ago or less, as part of efforts to add value to fashion, according to the company.“We have come up with the rental service in step with the new shopping

A captain who had an argument with a co-worker during a flight has been fired, while his counterpart resigned, according to South Korean airline Asiana. Asiana Airlines (Asiana)According to the Ministry of Land, Infrastructure and Transport on Tuesday, the quarrel took place between the two captains on duty at the cockpit of an Asiana flight heading for Rome in September last year.The conflict was triggered when one captain refused to hand over control to the other and told the latter’s vice cap

South Korea’s Ministry of Land, Infrastructure and Transport said Monday that it would revise the current law to strengthen entry criteria and management requirements to put the brakes on expanding low-cost carriers.“We came up with the revision to make LCC-related regulations more realistic, aiming to improve the overall quality of the airline industry with fair competition,” said a ministry official.  Jeju Air (Jeju Air)If the revision is passed by related organizations, legislative authoritie

South Korean health food company Chunho Food has been rebranded as Chunho N Care, the company said Monday. The “N” in the name stands for the company’s vision of “nature, nutrition and next,” the firm said. Chunho N Care employees hold up the new brand logo with CEO Lee Seung-woo (right). (Chunho N Care)The new name and logo will be used for all products from April, following a shareholders meeting slated for later this month. The company has been using its original name for 35 years since it wa

Amid deteriorating air quality caused by fine dust, beauty industry retailers are releasing anti-pollution cosmetics designed to prevent or filter out fine dust particles from one’s skin.  (From left) Issilin Finish Cover Pact from Pulmuone Lohas, Lavida Sun Solution Daily Moist Protection IRF20 SPF36 PA+++ from Koreana and PM2.5 Block Cleanser from Celltrion SkincareAccording to cosmetics manufacturers, the consumer need for functional skin care products is growing beyond the traditional sunscr

Hanjin Group Chairman Cho Yang-ho was awarded a plaque of appreciation for leading both quantitative and qualitative growth in South Korea’s defense industry, the company said Sunday.  Hanjin Group Chairman Cho Yang-ho (right).(Hanjin Group)Cho recently stepped down from the chairman post of the Korea Defense Industry Association. He served the position for 14 years since June 2004. The plaque thanked Cho for leading a stellar growth and transparent management in the defense industry. The newly