There is no stopping the Korean cosmetics market. The value of the cosmetics market grew to 8.9 trillion won ($7.9 billion) in 2011 from 5.6 trillion won in 2006, an annual average increase of 10.4 percent. Even when the economy came to a near-standstill with GDP growing 0.3 percent in 2009 in the wake of the global financial crisis, the domestic cosmetics market grew 11.8 percent, proving itself to be recession-resistant.The rapid growth derives from new dynamics in the cosmetics industry. Risi

Expert on digital marketing calls on companies to set up right platform to deal with ever-growing universe of social networksIn the era of Facebook and Twitter ― and also Foursquare, LinkedIn, Instagram, Pinterest and many other social networks ― PR professionals are faced with an ever-growing list of channels that require different approaches and strategies. For Jennifer Houston, president of WE Studio D team at Waggener Edstrom Worldwide, the explosive growth of such social networks where ther

Daewoo Shipbuilding & Marine Engineering’s new chief executive Ko Jae-ho has been named to head the Korean Shipbuilders’ Association, the trade body said Monday.Ko, 57, will take over the remaining term of Nam Sang-tae, the association’s former chairman who resigned after his two terms ended at DSME, until March 18, 2013. Ko took office at the world’s second-largest shipbuilder last week.The organization’s presidency rotates through its nine members, also including Hyundai Heavy Industries, STX

Expert on digital marketing calls on companies to set up right platform to deal with ever-growing universe of social networksIn the era of Facebook and Twitter -- and also Foursquare, LinkedIn, Instagram, Pinterest and many other social networks -- PR professionals are faced with an ever-growing list of channels that require different approaches and strategies. For Jennifer Houston, president of WE Studio D team at Waggener Edstrom Worldwide, the explosive growth of such social networks where th

Korean Air said Monday it expects to earn 1.5 trillion won ($1.3 billion) in sales of wingtips and cargo doors by 2021 as the country’s flag carrier boosts its aircraft parts business to diversify its revenue structure. The country’s largest airline said it delivered on Sunday the first set of its fuel-saving wingtip components, codenamed “Sharklets,” for Airbus S.A.S.’ A320 jets. The L-shaped parts, which will replace the current wingtip fence, will help enhance the aircraft’s payload range and

South Korea’s producer price growth decelerated to a two-year low in March from the year earlier mainly due to slower price gains in global crude prices, the central bank said Monday.The producer price index, a barometer of future consumer inflation, gained 2.8 percent last month from a year ago, falling from 3.5 percent on-year growth in the previous month, according to the Bank of Korea. The on-year gain is the lowest since 2.6 percent growth reported for March 2010.Producer prices also dipped