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Korean ODM firm Cosmax appeals to Muslims with certified halal cosmetics

[THE INVESTOR] Cosmax, one of the country’s top three cosmetics original design manufacturers, will cater to its Muslim clientele with certified halal cosmetics.Cosmax Indonesia, its Indonesian subsi...

Updated : 2016.07.26 13:24

Dunkin’ Donuts gives 50% off drinks

Dunkin’ Donuts shops in Korea will provide a 50 percent discount off most drinks between Tuesday and Thursday to mark “jungbok” -- the second hottest day during summer here according to the lunar c...

Updated : 2016.07.26 13:23

Incheon airport sets single-day record in takeoffs, landings

The number of single-day takeoffs and landings at Incheon International Airport, South Korea's main gateway, surpassed the 1,000 mark for the first time over the weekend, the airport operator said Tuesday.Incheon airport, located west of Seoul, reported a total of 1,020 takeoffs and landin...

Updated : 2016.07.26 13:17

Korean apparel makers looking for new owners

[THE INVESTOR] Several medium-sized Korean apparel makers are looking for new owners. Struggling with a sluggish market, some have been pushed over by global SPA companies into court receivership, a...

Updated : 2016.07.26 11:16

Consumers sue Coway over faulty water purifiers

A group of 160 consumers on Tuesday filed a suit against Coway, South Korea's leading water purifier maker, demanding 1.6 billion ($1.4 million) in compensation for damages from using water purifier models with a nickel coating that tainted the water.Nickel from the coating was found in di...

Updated : 2016.07.26 11:14

Hyundai Mipo wins contract for car ferry

[THE INVESTOR] Hyundai Mipo Dockyard announced on July 25 that it has won a contract for a car ferry. The vessel will be delivered to Weidong Ferry, a South Korea-China joint venture, in September 201...

Updated : 2016.07.26 10:11

Korean chicken soup set to make inroads into China

South Korean food companies are set to begin official sales of the traditional chicken soup to China as the first shipments to the mainland have recently cleared customs, industry officials said Tuesd...

Updated : 2016.07.26 10:10

SK hynix profit falls 67.1% on weak chip demand

[THE INVESTOR] SK hynix, the world’s second-largest memory chipmaker after Samsung Electronics, posted a plunge in its second-quarter profit as chip prices continued to decline due to weaker demand f...

Updated : 2016.07.26 10:08

Shake Shack’s ‘hot’ burgers take Seoul by the storm

[THE INVESTOR] Shake Shack’s burgers are selling like hotcakes at its first Korean outlet in southern Seoul which opened on July 22.In only three days since the much-hyped, the New York-based fast ca...

Updated : 2016.07.26 07:49

[Graphic News] More Chinese tourists visit Japan than Korea in Q1

More Chinese tourists visited Japan than South Korea in the first quarter of this year, data showed Monday.According to Bloomberg and the China Outbound Tourism Research Institute, 735,000 backpackers...

Updated : 2016.07.25 17:58

Doosan step closer to W1tr Saudi contract

[THE INVESTOR] Doosan Heavy Industries and Construction is a step closer to taking part in the Fadhili power plant project in Saudi Arabia, local news outlets reported on July 25. According to reports...

Updated : 2016.07.25 17:40

[Photo News] Under pressure

Johannes Thammer, the head of AudiVolkswagen Korea, responds to questions from the Korean media after participating in the hearing over the emissions scandal at National Institute of Environmental Res...

Updated : 2016.07.25 17:35

Only homegrown cigarettes sold at highway service areas: sources

Only cigarettes produced by South Korea's sole tobacco maker KT&G Corp. are sold at highway service areas nationwide despite the antitrust watchdog's earlier order to correct such an unfair practice, ...

Updated : 2016.07.25 17:31

Korean Air may help raise liquidity for Hanjin Shipping

[THE INVESTOR] Korean Air, a Hanjin Group affiliate, is likely to help raise liquidity of up to 700 billion won (US$615.22 million) for ailing Hanjin Shipping, according to industry sources on July 25...

Updated : 2016.07.25 17:01

Constitutional Court to rule on new antigraft act

[THE INVESTOR] The constitutionality of the new antigraft law is to be decided on July 28, the Constitutional Court of Korea said on July 25. The so called “Kim Young-ran Act” is set to go into effe...

Updated : 2016.07.25 16:58