Hanwha Galleria said Thursday it will open Galleria Gwanggyo in Suwon, Gyeonggi Province, on Monday, making it the first new department store to open in 10 years and the biggest among the five franchises it operates. According to the company, the store will be located in the Suwon Gwanggyo Convention Complex area, and it will present the best lineup of luxury brands in the Gyeonggi Province area. Galleria Gwanggyo will be the biggest department store for the company, with its building takin

Starbucks Korea will roll out a new set of goods -- a mug, tumbler and card -- designed with mugunghwa, or hibiscus, to celebrate the March 1st Independence Movement Day, the company said on Thursday. The company said it will donate 100 million won ($82,200) from the profit made to the descendants of independence fighters. (herim@heraldcorp.com)

The COVID-19 outbreak has triggered a big demand on “untact” services, which do not require direct contact between businesses and customers, with large retailers expanding their stock for delivery. According to big data analysis firm Appminder, users of food delivery and online shopping apps increased significantly since Korea confirmed its first COVID-19 case on Jan. 20. Before the outbreak in Jan 17-19, about 2.73 million people used food delivery apps including Baedal Minjok a

Disinfection service companies are seeing a threefold spike in fumigation requests as the new coronavirus continues to spread, according to the industry on Wednesday. But with COVID-19 cases increasing in regional communities across the country, the disinfection companies are slogging away to meet the soaring demand. “Before the first confirmed case (of the new coronavirus) came up, we would have around five disinfection jobs a day. But now, we get some 30 orders every day,” Lim

Phillip Morris Korea said Tuesday that it had appointed Paik Young-jay, formerly global director of Google Korea, as its new managing director. Paik, who has a doctorate in cultural anthropology from Yale University, has worked in various industrial sectors over the past 20 years, according to the company. He started his career at McKinsey & Company Korea in 2000 and joined South Korea’s CJ Group in 2003. He also led Blizzard Entertainment Korea as country managing director from 2011

With more people choosing to stay at home amid the rising fear of the fast-spreading COVID-19, delivery apps are seeing a surge in the number of daily orders. But at the same time, many delivery persons are increasingly worried, as food deliveries, in particular, often require direct contact with customers. “It will be a road to disaster if delivery persons get infected with the coronavirus,” an anonymous delivery person said in the open chatroom of a labor union on mobile messeng

South Korea’s leading steelmaker, Posco, said Monday that it had established a matching fund called “Emerald” with Xcoal Energy and Resources, a US-based coal producer, as part of Posco’s GEM matching fund initiative. The two companies signed the agreement Monday, with each promising to pay $50,000 a year into the one-on-one matching grant system. The money will be used for social causes in the two countries on an alternating basis. Posco started its GEM matching fund

South Korea’s leading household electronics rental service company  Coway attributes its competitiveness to the high-tech analyses at its Environmental Technology Research Institute, the biggest such facility in Asia. According to the company, the institute is at the center of its research and development of cutting-edge technologies and products, as the organization spearheads the entire product development process, starting from research to product design and development, to cond

More companies around the world are purchasing renewable energy directly from power producers, under the corporate renewable power purchase agreements, data from Bloomberg New Energy Finance showed. The global market for corporate renewable energy reached 19.5 gigawatts of new deals in 2019, a leap by more than triple from 2017, when the deals made amounted to 5.4 gigawatts. The total size of corporate renewable power purchase agreements has been showing an increasing trend, since it surpasse

Samsung C&T, the construction arm of Samsung Group, said Wednesday it clinched a 1.15 trillion won ($960 million) power plant deal in the United Arab Emirates. According to the company, it won the order placed by Emirates Water and Electricity Co. to build a 2,400-megawatt combined cycle power plant in Fujairah, some 300 kilometers northeast of Abu Dhabi. The envisioned power plant, under the project Fujairah F3, is expected to provide power for 380,000 homes in the region. Construction i

Retail and travel giant Lotte said Wednesday it has prepared a new environment friendly campaign for all of its affiliates, under a five-year plan to reduce food waste, minimize packaging and reuse resources. Lotte Holdings, and four of its business units -- food, retail, chemical/construction/manufacturing and tourism/service/finance -- will take part in the project. Lotte has three main action plans: establishing a plastic recycling system; expanding the use of environment friendly materia

Posco International said Monday that it had discovered a new offshore gas reservoir near Myanmar, raising hopes for a new cash cow for the company. According to the Korean company, it began exploratory undersea drilling on Jan. 12 for its Mahar gas project. The company drilled 2,598 meters into the seabed, more than 1,000 meters below the water, and carried out drill stem testing to discover the gas reservoir, which could yield about 38 million cubic feet of natural gas per day. The company s

Korean liquor maker HiteJinro will strengthen its promotion of soju to American soldiers, as sales of its spirits products exhibit continuous growth at exchange stores inside the confines of overseas US military bases, the company said Monday. The company said it will run a six-month marketing campaign of its soju products, including Chamisul, under the slogan, “Drink soju! Responsible Drinking!” starting this month, partnering with Stars and Stripes, a US military independent news

A total of 17 Hyundai Motor Group car models received either Top Safety Pick+ or Top Safety Pick awards from the Insurance Institute for Highway Safety this year. The US awards recognize the safety of vehicles in crashes. According to South Korea’s leading carmaker, the Genesis G80, Genesis G70 and Nexo were named Top Safety Pick+, with the latter two recognized for their “good-rating” headlights for all trims. Top Safety Pick went to eight models from Hyundai Motor -- El

Lotteria, retail giant Lotte’s fast-food chain, rolled out its “Miracle Burger,” the first veggie burger from a burger chain in South Korea, Thursday. According to the burger chain, the new burger, introduced under the slogan “Not beef, but veef,” features a plant-based patty with a meat-like texture that comes from a combination of proteins from wheat and beans. The company said it used soybeans instead of eggs for the taste of the Korean-style barbecue rib sa