Articles by Kim Hae-yeon
Kim Hae-yeon
hykim@heraldcorp.com-
Will Shinsegae chief meet Trump at Mar-a-Lago?
Shinsegae Group Chairman Chung Yong-jin met with Donald Trump Jr., the eldest son of US President-elect Donald Trump, at the Mar-a-Lago resort in Florida this week, according to the Korean retail giant on Thursday. The meeting prompted immediate speculations, as Trump’s transition team is conducting much of the planning for the second presidency at the resort. Shinsegae downplayed the visit as Chung’s “personal trip,” saying the visit had been arranged months ago at the i
Industry Dec. 19, 2024
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Incheon Airport projects most ever travelers next year
Incheon International Airport Corp. announced Wednesday that passenger traffic and operational performance this year have rebounded to prepandemic levels, with the upcoming year projected to set highest-ever records for both international passenger numbers and total revenue. For next year, international passenger traffic is forecast at 73.03 million, with revenue anticipated to hit 2.9 trillion won ($2 billion), according to the corporation. In line with the anticipated record-breaking traffic,
Industry Dec. 18, 2024
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Celltrion launches CDMO subsidiary to drive growth beyond biosimilars
Celltrion Group has launched a new contract development and manufacturing organization, Celltrion BioSolutions, signaling its strategic ambition to position CDMO services as the group’s next growth engine beyond its core biosimilar business. "We will start contract research and development services from 2025, with the facility construction set to start by the first half. By 2030, we aim to record 1.5 trillion won ($1.04 billion) in CDMO business," Chairman Seo Jung-jin said durin
Industry Dec. 17, 2024
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Hanjin chief vows to spur growth as global aviation giant
Hanjin Group Chairman and CEO Walter Cho pledged to "raise the global profile of Korean aviation" in his very first address to employees of both Korean Air and Asiana Airlines, following Thursday's official acquisition of Asiana Airlines as its subsidiary. In Monday's message which began with, "Dear Korean Air, Asiana Airlines and Hanjin Group colleagues," Cho emphasized the importance of becoming "one family" under Hanjin Group. "Korean Air and Asi
Industry Dec. 16, 2024
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Korean Air completes W1.8tr merger with Asiana Airlines after 4 years
Korean Air is set to finalize its long-awaited 1.8 trillion won ($1.4 billion) merger with Asiana Airlines Thursday, marking a significant step toward positioning the airline among the world’s top 10 carriers and solidifying its status as the largest in Northeast Asia. On Wednesday, Korean Air completed payments for Asiana shares to secure a 63.9 percent stake in the smaller rival, putting an end to the four-year-long journey. The merger marks the end of an era in which the nation’s
Industry Dec. 11, 2024
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[팟캐스트] (643) '만화책' 세대를 위한 아지트
진행자: 김혜연, Chelsea Proctor (643) Comic book cafes: Korea's nostalgic escape for all ages 기사 요약: 온라인 컨텐츠가 넘쳐나는 시대, 여전히 자리를 지키는 '만화 카페' [1] Comic book cafes in Korea hold a cherished spot in many hearts, offering a nostalgic escape to the imaginative simplicity of childhood and a retreat from the stresses of adult life. cherished 소중히 여기다, 아끼다 retreat 후퇴[철수/퇴각]하다 [2] Until the 1990s, before the advent of smartphones, comic book cafes were a haven for teenagers seeking entertainment
Podcast Dec. 9, 2024
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Tourism, retail sectors already feeling pinch from political turmoil
South Korea’s tourism and retail sectors face repercussions from the escalating political turmoil, with major economies issuing heightened alerts for travelers following President Yoon Suk Yeol’s short-lived martial law declaration last week. Starting Wednesday, several countries, including the US, the UK, Japan and Australia, have announced travel alerts, advising their citizens to avoid crowded areas and remain vigilant while staying in Korea. The seemingly heightened concerns cont
Industry Dec. 9, 2024
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Biggest labor groups call for Yoon Suk Yeol's 'immediate' impeachment
Korea’s two largest labor unions sharply criticized President Yoon Suk Yeol’s Saturday morning public address, demanding his immediate impeachment. The Korean Confederation of Trade Unions, with some 1.09 million members, released a statement following the address. It declared, “An apology cannot excuse the crime of rebellion,” and called for Yoon’s immediate impeachment and arrest. “The president must face legal consequences for treason, and the National Asse
Politics Dec. 7, 2024
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President Yoon Suk Yeol's old high school suspends uniform policy to protect students
The high school President Yoon Suk Yeol and his key aides graduated from has decided to suspend its uniform requirement to protect students from possible abuse from an angry public. In a letter to students and parents on Thursday, Choongam High School said the decision aims to prevent their students from facing “unfair treatment by certain inconsiderate individuals" on the way to and from school. "We will allow them to wear casual attire (instead of school uniforms) starting Mo
Social Affairs Dec. 7, 2024
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Korean Air wins Global Traveler Award for best inflight service
Korean Air announced on Friday that it has earned the prestigious Best Airline Onboard Service title at the Global Traveler 2024 GT Tested Reader Survey Awards. The airline's Skypass loyalty program also received recognition, winning the Best Frequent-Flyer Award Redemption category. Additionally, Korean Air ranked highly in several other categories, including second place for Best First-Class Seat Design and third place for Best Airline Cuisine, Best Business-Class Seat Design, Best Flight
Industry Dec. 6, 2024
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Agriculture minister apologizes for attending Yoon’s Cabinet meeting for martial law declaration
Minister of Agriculture, Food and Rural Affairs Song Mi-ryeong on Friday expressed deep regret over her attending a Cabinet meeting convened by President Yoon Suk Yeol Tuesday night to discuss martial law declaration. “If I had known about the agenda, I wouldn’t have attended the meeting. I feel deeply sorry to the public,” Song told reporters after a meeting at the government complex in Sejong. “I was both confused and deeply concerned about (martial law declaration). I
Industry Dec. 6, 2024
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Incheon Airport tightens shoe screening for travelers
Starting Thursday, passengers departing through Incheon International Airport wearing shoes with heels taller than 3.5 centimeters will be required to remove their shoes during the security screening process. Previously, such a rule was only enforced in "suspicious" cases, but the updated regulation now applies it uniformly. The enhanced shoe screening measures are being implemented at both Terminal 1 and Terminal 2 and apply to all passengers using the cylindrical security scanners. &
Industry Dec. 5, 2024
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[팟캐스트] (642) 북한 주민들 보이는 카페가 있다?
진행자: 김혜연, Chelsea Proctor (642) At this Starbucks, you need ID: Franchise opens store with view of North Korea 기사 요약: 민간인 출입이 제한된 DMZ 인근에 위치한 스타벅스 김포애기봉생태공원점 [1] South Koreans can now sip their Starbucks while taking in the rarest of views -- the shadowy realm of a forbidden land, North Korea. At a just-opened store, with seating for around 40 patrons, the glass walls frame panoramic vistas of Kaepung-gun and Songaksan in the North Korean city of Kaesong. forbidden 금지된 patron (특정 상점·식당
Podcast Dec. 5, 2024
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Seoul workers at global firms heave sigh of relief
Multinational companies doing business in Korea were thrown into confusion overnight as President Yoon Suk Yeol declared martial law, a drastic decision that was rescinded just six hours later. Most firms swiftly responded by issuing emergency notices, instructing employees to work remotely, while their headquarters closely monitored the situation by directing their Korean teams to report on the potential ramifications. "We stayed up all night monitoring fluctuating exchanges rates," s
Industry Dec. 4, 2024
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Kolmar vows to support global growth of K-beauty brands
Kolmar Korea Vice Chairman Yoon Sang-hyun on Tuesday reaffirmed his company’s dedication to becoming a trusted global partner in the beauty market during a visit by the nation's food and drug safety chief to the company's research complex in Seoul. “We will continue to strengthen our partnerships with independent brands and actively support them to ensure the continuous emergence of K-beauty's iconic brands,” Yoon said, welcoming Minister of Food and Drug Safety
Industry Dec. 3, 2024