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Fri, June 23, 2017 | 15:52

Biz & Tech > Light industries >

Businessman connects Koreans to Japanese job market

TOKYO - Lee Sang-hoon, CEO of Tokyo-based human resources management company IH, hopes to introduce talented young Koreans to the Japanese job market. Lee, 45, started his career at a department store in early 2000. But he wanted to do something on his own by taking advantage of his Japanese language skills. In 2007, he flew to Tokyo to start the HR business, recognizing that...

Light industries | 2017-06-22 16:47

Air Seoul going into expansion mode

Air Seoul will fly to major destinations in Japan and Southeast Asia, taking passengers from Jeju Air and four other local low-cost carriers (LCCs), the company chief said Thursday. CEO Ryu Kwang-hee told reporters that the carrier, which began operations last October, will operate on international routes to Osaka and Guam, both popular destinations for Korean tourists, from ...

Light industries | 2017-06-22 16:15

'Heat-not-burn' cigarettes popular in Korea

Philip Morris’ heat-not-burn (HNB) e-cigarette, iQOS, is enjoying surging popularity in Korea. Its rival British American Tobacco (BAT) Korea and business bellwether KT&G also said this month they will introduce their own HNB products soon. Philip Morris Korea introduced its iQOS products at its exclusive stores in Gwanghwamun and Gangnam, May 27, and started selling them at ...

Light industries | 2017-06-21 17:14

Shinsegae heir scraps global initiatives

Over the past several years, Shinsegae Group has chalked up fast growth to become one of the country’s top 10 conglomerates. This prompted analysts to praise Shinsegae Vice Chairman Chung Yong-jin, who has managed the E-mart discount chain and started the Starfield shopping complex. The only son of Shinsegae Chairwoman Lee Myung-hee, however, seems not to have inherited the p...

Light industries | 2017-06-21 16:58

CJ chief fixes eyes on overseas markets

CJ chief fixes eyes on overseas markets

CJ Group Chairman Lee Jay-hyun seems to emulate the entrepreneurship of his grandfather, Samsung Group founder Lee Byung-chul, by speeding up the conglomerate’s global expansion with aggressive M&A deals. The only son of the late CJ Honorary Chairman Lee Maeng-hee, the eldest son of founder Lee, has come up with massive investment plans, since he returned to the firm’s top ma...

Light industries | 2017-06-21 16:56

Shinsegae heir scraps global initiatives

Lotte, Shinsegae vie to control 11st

Shinsegae and Lotte are competing to take over control of 11st, an e-commerce site owned by SK Group, to bolster their presence in the burgeoning online shopping industry. According to industry officials Wednesday, SK Planet, which operates the nation’s second-largest shopping mall by sales after Gmarket, wants either Shinsegae Group or Lotte Group to manage the unprofitable online shopping operation as the company has failed to turn it around. SK Planet has not yet decided as to how it would let one of the retailers run 11st. But the most likely scenario is that the firm first spins off the...

Light industries | 2017-06-21 16:01

[INTERVIEW] Turning favorite pursuit, K-beauty, into business

In person, Charlotte Cho is slender and even comes across as petite. But the cofounder and chief curator of the U.S.-based retailer Soko Glam and on K-beauty has carved out a niche for Korean cosmetics and beauty products in the U.S. market. Cho, 31, cofounded Soko Glam with her husband David Cho in 2012, turning a favorite pursuit, beauty, into a spurring business. “I loved ...

Light industries | 2017-06-21 11:51

Red ginseng for kids growing in popularity

Red ginseng, the nation’s most-sought-after herbal nutrition supplement, is rapidly growing in popularity among children, as it offers exceptional health benefits by boosting their immune systems and balancing nutrition. Ginseng is known as a cure-all herb here and abroad. The health supplement has not been widely consumed for children in non-Korean territories, such as the U...

Light industries | 2017-06-20 15:42

MCM feared to collapse with CEO

Sungjoo Group, which holds global accessories brand MCM, has been grappling with a deteriorating corporate image amid growing allegations it mistreated its subcontractors. The company, which has been suffering declining sales domestically and abroad over the past year, is also struggling to cope with increasing risks about its leader, CEO Kim Sung-joo, who was a strong suppor...

Light industries | 2017-06-20 15:01

Kwangdong provides cyber tour service for internet users

Kwangdong Pharmaceutical has started providing a cyber tour for internet users to visit its cultural complex, Gasan Millennium Garden, through a virtual reality (VR) platform. A company spokesman said Monday that the service is designed to allow PC and mobile users to take a close look at every nook and cranny of the garden. It offers 360-degree images. Anyone can visit ekdp....

Light industries | 2017-06-19 19:08

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Park's impeachment