Lotte Group Chairman Shin Dong-bin said Monday that the upcoming listing of its affiliate, Hotel Lotte, will be a crucial initial step to boost the group's corporate governance, hoping to restore the retail giant's image tainted by a prolonged succession feud.Shin made the remark in a meeting with institutional investors as Lotte's hotel and duty-free operating unit is set to make its debut in the KOSPI market on June 29. The listing is one of the reform pledges that the 51-year-old made as part

The South Korean antitrust watchdog on Monday said it will lift the price ceiling on promotional giveaways, offered by companies to attract more customers, as part of its deregulation drive.Under the current Fair Trade Commission guidelines, a business is not allowed to provide free gifts worth 20 million won ($16,780) or more to those who buy their goods. The price restriction was adopted in 1982 in order to keep customers from overspending.Leading tire maker Hankook Tire Co. was ordered to can

A U.S. soldier convicted of sexual assault will be deported from Korea and banned from reentry for five years immediately, once a court sentence delivered Friday is confirmed. The soldier, only identified by the initial “S,” was given an 18-month prison sentence with three years of probation by Suwon District Court for sexually assaulting a female restaurant owner who had been asleep at her empty shop in Pyeongtaek, Gyeonggi Province.  (Yonhap)The court said the sergeant broke in to the restaura

탱탱한 피부를 유지하고 싶다면 보톡스보다 더 빠르고 돈도 필요 없는 ‘넘나’ 좋은 것이 있다. 다른 게 아닌 바로 금주가 그것이다.안티에이징 세럼이 따로 필요 없다. 몸에서 수분을 빼앗아 가는 술만 끊어도 피부에 생기와 윤기가 돌아올 것이다.  (123RF)[술은 이뇨제다] 술은 몸에서 수분을 방출시킨다. 피부의 수분도 다 빼앗아 간다. 촉촉함을 잃은 피부는 당김이 있고 푸석해 보이며 쉽게 주름지는 등 조기 노화 증상을 보인다. 또한, 자외선과 미세먼지 등의 외부 오염물질에 취약해지게 된다. 햇볕에도 금방 탈 뿐 아니라 심하게는 피부암과 갖은 트러블이 일어날 수 있다.[술은 세포를 파괴한다]술은 온 몸의 세포를 뜨겁게 덥힌다. 피부도 예외가 아니다. 빨갛게 익는 얼굴은 전혀 피부에 좋을 수 없는 것. 또한, 장기와 조직세포도 자극해 관절염, 간 문제, 심장 문제 등을 유발할 수 있다.[술은 간에 독이 된다] 술은 간을 상하게 한다. 간의 역할은 우리 몸에 들어오는 독소를 정화하고 씻

A man claiming to be the murderer of a woman found dead on Suraksan Mountain in Seoul turned himself in on Sunday, 13 hours after the body of a 64-year-old woman was found on the trail. The man, surnamed Kim, 61, turned up at the Seoul Nowon police station around 6:30 p.m. on Sunday and claimed he killed the victim. He said he had no connection to the victim.  (Yonhap)Following his directions, police retrieved a 15-centimeter bloodied knife from a mound of trash at a residential area in Sanggye-

Bank lending rates on new household loans dropped from a month earlier in April, while interest paid on new deposits remained unchanged, central bank data showed Monday.The average interest rate on fresh household loans extended by local banks came to 3.17 percent last month, down 0.07 percentage points from the previous month, according to the Bank of Korea.The drop followed two consecutive months of increase and came ahead of what many believe to be an imminent U.S. rate hike in June that coul

A workshop to transfer South Korea's fashion know-how to Indonesia will be held in the Southeast Asian nation this week, one of the event's co-organizers said Monday. The Seoul-based ASEAN-Korea Center said it will co-host the event with Indonesia's trade ministry. The ASEAN-Korea Center was launched by South Korea and the 10-member Association of Southeast Asian Nations) in March 2009 to promote trade, investment, tourism and cultural exchanges between them.A group of South Korean fashion exper

Hyundai Motor Group, South Korea's top automotive group, acquired the largest number of patents on clean energy technology in the United States in the third quarter of 2015, the Clean Energy Patent Growth Index showed Monday. Among 916 clean energy patents registered with the U.S. Patent and Trademark Office in the July-September period, the combined patents by Hyundai Motor Co. and its company Kia Motors Corp. ranked top with 54, according to the index released by the Cleantech Group.Japan's To