Incheon Port Authority announced on Sunday a multiproject plan to build a smart port, a move in line with the country’s New Deal program that seeks a way out of the COVID-19 pandemic. Under the plan, a total of 35 projects will take place to build a smart port that is eco-friendly, safe and beneficial to the local economy. The IPA said it set out the goals after co-opting the government’s new deal strategy. As part of efforts to go smart, the Incheon Port will adopt a completely a

Volkswagen Korea unveiled the new seventh-generation Jetta at a press show on Thursday as it posted sales of over 10,000 units during the first three quarters of 2020. The new model comes at a price of around 27 million won ($23,600), while its prestige model is priced at just over 29 million won. The Jetta, since its birth in 1979, has sold 17.5 million units around the world. Of them, 17,000 have been sold in South Korea. As for its Korea operation overall, Volkswagen Korea said its sales w

South Korean coffeehouse chain Ediya Coffee said Thursday that revenue from its coffee delivery service increased around 660 percent over the last year, compared with a year before. According to data from the company, the number of delivery orders made between last October and September this year stood at 1.1 million, up 612 percent. from the same time last year. Ediya Coffee saw a sharper increase in order volume between April and June this year, during which the company saw a near 1,000 perc

Amazon Global Selling Korea said on Thursday it is ramping up support to help sellers and businesses branch out into the international market. Speaking at a livestreamed press event, Lee Sung-han, head of the South Korean unit of the e-commerce giant’s export program, praised South Korea’s handling of the pandemic as he unveiled plans to assist businesses in the country. “Despite the pandemic this year, we thank many sellers in South Korea who worked with Amazon to provide hi

Chung Mong-koo led Hyundai Motor Group for two decades as chairman and CEO before stepping down Wednesday. As his only son, Chung Euisun, takes over the world’s fifth-largest automaker, the elder Chung, who has now become an honorary chairman of the automotive company, is leaving behind a legacy. As the son of the late Hyundai Group founder Chung Ju-yung, Chung Mong-koo joined Hyundai Motor Company in 1970 as an auto parts manager at its Seoul office. He became the chairman of Hyundai M

Low-cost carrier Jeju Air is poised to receive a government grant to keep the business afloat, according to industry sources, as another budget airline, Eastar Jet, will proceed with further job cuts on Wednesday. Low-cost carriers along with the entire aviation and travel industry, have been reeling from the impact of the COVID-19 pandemic that has sharply cut travel domestically and internationally. Jeju Air has applied for the grant known as the key industry stabilization fund, which is wor

eBay Korea’s next-day delivery service Smart Delivery on Monday launched a charity campaign to fund daily necessities for elderly single households. Part of the proceeds made through the company’s express delivery service will be donated to Miral Welfare Foundation and provide daily necessities kits for some 300 elderly people around the country who are living alone by early November, the firm said Monday. The campaign, which is funded in part through social contribution funds set

Hyundai Oilbank announced Thursday it plans to grow the number of its electric vehicle charging stations to 200 by 2023. The petroleum and refinery company currently operates 20 charging stations for electric cars, but a partnership agreement signed with Charzin, a company specializing in electric vehicle charging infrastructure, on Wednesday will see the number grow tenfold in the next three years. Under the new move, electric vehicle chargers of 100 kilowatts or more will be installed at gas

Cafe24 said on Wednesday that 35,836 new direct-to-consumer online stores were launched through its e-commerce platform, its highest figure in five years. The latest data means that store launchings during the quarter experienced a near 40 percent year-on-year increase, which comes down to over 10,000 new stores opening each month. September recorded the biggest growth during the quarter with 11,545 new stores joining the platform, a 50.34 percent jump from 3,866 in the same period last year.

Pernod Ricard Korea said its new campaign to promote its blended Irish whiskey Jameson comes at a time when people are seeking connection with a small group of close friends in their own emotional and inspirational way. Dubbing it “Why Jameson Highball?” the company wants to tap into the growing sentiment by offering an approachable way of enjoying whiskey, namely in the form of a highball, which is made by mixing whiskey with soda water or ginger ale. “Genuine connection an

It is an unlikely collaboration, yet it makes so much sense. They all work in different disciplines of art, but each is the epitome of things that are trendy, unpretentious and free-spirited. Pop art artist Jackson Shim, four-piece indie band Adoy and choreographer J Black have taken on the role as ambassadors for Pernod Ricard Korea’s new social media campaign “Why Jameson Highball?” The three shared in an interview with The Korea Herald why they chose to work with Jameson

Business leaders around the world expect remote working and automation will continue after the COVID-19 pandemic comes to an end, a recent survey has found. According to the survey conducted by global consulting firm PricewaterhouseCoopers with 699 chief executive officers of firms in multiple countries, remote collaboration and automation were chosen as the most likely long-term trends in the post-pandemic world, with 78 and 76 percent of the respondents respectively saying so. Having fewer p

More major e-commerce platforms are offering new services for grocery shoppers as demand for fresh food in online shopping continues to rise amid the ongoing pandemic, according to industry sources. In September, WeMakePrice announced it would start offering a full refund to shoppers who are dissatisfied with the quality of perishable goods sold on its website. The return rate was nearly zero percent during the trial period of the quality assurance service, one official at the company explain

President of Incheon International Airport Corp. Koo Bon-hwan said he is mulling legal action against what he says has been mistreatment, after authorities passed a resolution to remove him from his position. During the press conference at the airport on Friday, Koo said he feels “a weight has been lifted off his shoulders” and is “sad” being forced to resign halfway through his three-year term. The outgoing chief also accused the Ministry of Land, Infrastructure and Tr

Asiana Airlines will offer a special two-hour flight to nowhere next month, becoming the first among local airliners to provide the service to ordinary customers. Known as the “hotel in the sky,” the airline’s A380 aircraft will fly out of Incheon Airport and travel over Gangneung in Gangwon Province, Pohang in North Gyeongsang Province, Gimhae in South Gyeongsang Province and Jeju Island, before coming back after a flight of one hour and 20 minutes on Oct. 24 and 25. Seats be

Chairman and CEO of Ssangyong Engineering & Construction Co. Kim Seok-joon is visiting Dubai in the midst of a pandemic to supervise the details of the company’s $1 billion Royal Atlantis Hotel project, the company said Thursday. Kim, who left for the United Arab Emirates city earlier this week, will visit the construction site of the hotel whose work is set to be complete by June next year. He will also meet with the project owners during his trip. “Videoconferencing has had

Major retail businesses are offering free counseling services in response to a mental health crisis that has emerged in the midst of the ongoing coronavirus pandemic. Online retailer Gmarket announced plans on Wednesday to offer free psychological counseling for front-line medical staff who have helped fight the COVID-19 crisis. A total of 30 applicants will be chosen to get help from nongovernmental health care organizations, as part of the retailer’s crowdfunding project “Touch,

Beers with a fruity taste are gaining ground in South Korea’s alcoholic beverages market, which has been dominated by domestic pale lagers such as Cass and Hite, as more people opt for light drinking with variations in taste, according to the industry. Convenience store chain CU said its sales of beers known for fruity notes, including Kronenbourg 1664, between January and August rose 9 percent compared with the same time last year. General beer sales also went up by 14.2 percent over the

Incheon International Airport Corporation said on Sunday it had signed an agreement with Hyundai Motor, Hyundai Engineering & Construction and KT as part of efforts to move the Urban Air Mobility project forward, also known as “flying cars.” Under a memorandum signed by IIAC and UAM Team Korea on Friday, the companies will work together on a road map for “K-UAM,” a government-led project for next-generation vehicles, by building transport infrastructure and taking pa

SK Holdings has raised 480 billion won ($409 million) by selling shares of logistics operator e-Shang Redwood Group through a block deal, with plans to invest the newly secured capital in its future growth engines, the company said Thursday. The deal saw 140 million shares sold at 22.50 Hong Kong dollars ($2.90) per share, accounting for 4.6 percent of the total stock, as SK Holdings collected the principal. Following the sale, SK Holdings now owns 6.4 percent of stock in the company, a share