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Calm on Wall Street: A turbulent week ends on a placid note

Aug 29, 2015

Well, that was exciting.Days after China threw the biggest scare into Wall Street in years, U.S. stocks have come surging back and ended the week Friday on a placid note that suggested the worst may be over for now.Even so, investors are buckling their seat belts for more turbulence ahead.The Dow Jones industrial average fell a scant 11.76 points Friday, or 0.1 percent, to 16,643.01, capping a week that saw stomach-churning losses and gains of around 600 points per day. The Standard & Poor‘s 500
Seoul shares forecast to rally next week

Aug 29, 2015

South Korean stocks are expected to move higher next week as jitters over China's growth abate and anticipation for a delay in the U.S. Federal Reserve's rate hike builds up, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 3.3 percent this week to close at 1,937.67 on Friday, snapping a five-week losing streak.The main index got off on a weak note earlier this week, dropping 2.47 percent on Monday on persistent concerns over the world's second-largest econ
KOMIPO seeks to turn Boryeong, Seocheon into global energy hub

IndustryAug 27, 2015

Korea Midland Power Co., one of six power generation affiliates of the state-run Korea Electric Power Corp., is looking to transform the cities of Boryeong and Seocheon into the global energy hub of South Korea.　KOMIPO took the first step toward such a goal in May by transferring its headquarters from Seoul to Boryeong in South Chungcheong Province, where the company operates a major coal-based power generation plant with an energy output of 8.76 million kilowatts. KOMIPO signs a memorandum of u
German business leaders discuss Korea’s economic outlook

IndustryAug 27, 2015

　More than 100 German business leaders and officials came together in Seoul on Thursday to discuss and share insights on South Korea’s economic trends and outlook for this year.　 At the Half-Year Economy Outlook 2015 conference hosted by the Korean-German Chamber of Commerce and Industry, German business executives highlighted key downward trends in Korea’s economy as well as industries forecast to grow in the near future.　The German officials cited the slowdown in exports as the biggest future
KT, LG unveil world’s first desktop combined with IPTV

TechnologyAug 27, 2015

　Mobile carrier KT and tech giant LG Electronics together showcased the world’s first all-in-one desktop featuring internet protocol TV, or IPTV, technology in Seoul on Thursday. 　The all-in-one PC, sporting LG’s 27-inch in-plane switching full HD display, Intel’s quadcore processor and a 128GB solid-state drive, allows users to enjoy KT’s olleh IPTV services with 220 TV channels and 160,000 videos on demand. The desktop is running on Microsoft’s Windows 8.1 and the update for the latest Windows
[Photo News] S-Oil honors firefighters' sacrifice

IndustryAug 26, 2015

S-OIL HONORS FIREFIGHTERS` SACRIFICE -- S-Oil deputy CEO Kim Dong-cheoul (left) delivers 210 million won ($177,000) in scholarships to the children of firefighters who died while on duty in a ceremony held at the Yeongdeungpo Fire Station in Seoul on Wednesday. Since 2006, S-Oil has delivered 2.8 billion won in scholarships to 978 students as part of its efforts to support the families of deceased firefighters in South Korea. (S-Oil)
[Herald Interview] Organica, Starbucks look to popularize detox salads

IndustryAug 26, 2015

Christine Cho (Lee Sang-sub/The Korea Herald)As a growing number of South Koreans look to healthier lifestyles and diets, Herald Corp.’s organic food developer Organica is looking to push the envelope in promoting health-conscious eating across the country.　Organica -- best known for its organic, vegetable-based detox juices -- has teamed up with coffee chain Starbucks to introduce its “Cleanse Salads” to Koreans seeking a refreshing and healthy accompaniment to their drinks.　“A cleansing, or de
Business bodies welcome inter-Korean accord

IndustryAug 25, 2015

　South Korea’s business community hailed a landmark agreement Tuesday reached between the two Koreas to resolve quickly escalating tensions, pledging to make expanded efforts to bolster economic cooperation with North Korea. 　Following days of high-level marathon negotiations, the two Koreas eased tensions Tuesday morning as Pyongyang expressed “regret” over a recent land mine blast that injured two South Korean soldiers at the border and lifted its “semi-war state” in exchange for Seoul’s promi
Korea University, KOICA to train officials from developing states

EducationAug 24, 2015

Korea University, in partnership with the Korea International Cooperation Agency, said Monday it will begin a business training program for 39 government officials from 23 developing states around the world in September.　The KU-KOICA program, first launched in 2007, aims to transfer South Korea’s economic and business expertise to policymakers in developing countries in regions including South and Central America, Asia and Africa.　This year’s program participants will take diverse master’s degre
Global partnerships drive growth at Korea’s pharmaceutical firms

IndustryAug 24, 2015

Joining hands with global partners, South Korean pharmaceutical companies are increasing their presence in the global health care industry by stepping off their home turf and venturing to bigger markets.　Korean pharmaceutical companies, which are gaining recognition overseas for their new drug development capabilities, are partnering with a growing number of internationally renowned pharmaceutical giants to export their newly developed drugs with more success.　Earlier this month, Hanmi Pharmaceu
[Photo News] Amway promotes healthy living

IndustryAug 20, 2015

AMWAY PROMOTES HEALTHY LIVING – Amway Korea, the South Korean unit of U.S direct sales giant Amway, held a two-day health promotion program in Yangpyeong, Gyeonggi Province, on Tuesday and Wednesday in partnership with the Korea Association of Social Welfare Centers and Nawoo Health Institute. Attended by some 110 children and their families from 32 social welfare centers across the country, the program included educational sessions on health and nutrition, food therapy, cooking programs and fam
Hyundai Department Store opens in Pangyo

IndustryAug 20, 2015

A number of global retail brands have opened up stores in the newly built Pangyo Hyundai Department Store in Seongnam, Gyeonggi Province, which held its grand opening Friday.　　Global apparel company Uniqlo, Switzerland-based coffee machine brand Nespresso, as well as Esteem -- a cafe which sells drinks from U.S. coffee brand Intelligentsia Coffee and France’s Palais de Thes -- are among some 900 shops housed inside the mega shopping mall.　Uniqlo is holding opening day promotions from Friday to S
Lotte.com launches new Chinese app

IndustryAug 20, 2015

Lotte.com, Lotte’s online retail presence, launched a new Chinese mobile shopping app Wednesday in an aim to offer optimized services to a growing number of online Chinese shoppers who purchase overseas merchandise. 　China.lotte.com is focused exclusively on customers in China, introducing new categories and services that go beyond those offered by Global.lotte.com.　The new app offers three special service categories including a product lineup consisting of the popular items among Chinese custom
LG’s cosmetics unit introduces new cleansing products

IndustryAug 20, 2015

LG Household & Health Care, a health care and beauty product company established by LG, has launched a set of new cleansing products that help cleanse and minimize pores.　The newly-launched On The Body Sparkling Pore Detox line includes a foam cleanser, a pore massaging gel, bubble cleansing foam and cleansing water.　The new products are all infused with all-natural carbonated water from Jejudo Island, known for its high mineral content and therapeutic properties that helps remove makeup and dir
Moleskin launches limited edition notebooks

IndustryAug 20, 2015

Italian stationery brand Moleskin has released a set of limited edition notebooks inspired by Coca-Cola and jazz label Blue Note Records in South Korea.　The Coca-Cola notebooks, which come in four options, were launched in celebration of the global beverage brand’s 100th anniversary. The notebooks’ covers feature uniquely designed bottles and include Coca-Cola-themed stickers.　Created to mark the 75th anniversary of Blue Note, Moleskin’s Blue Note notebooks feature designs inspired by iconic jaz