The Korea Herald

Lee Ji-yoon

안녕하세요 Lee Ji-yoon 기자입니다.

jylee@heraldcorp.com

Articles by Lee Ji-yoon

Kim Gi-ho becomes new CEO of Yes24

IndustrySept 1, 2011

Kim Gi-hoKim Gi-ho, former CEO of GS Digital TV, has been named as the new chief executive of Yes24, Korea’s largest Internet-based book retailer.“I feel heavy responsibility as the new president in a time when the publishing market is facing a paradigm shift,” he said in his inauguration speech. “I
More Koreans buy luxury products

IndustryAug 31, 2011

Korea’s high-end product markets expected to grow further in next 5 yearsKorean consumers’ love for luxury goods may have exceeded that of the Japanese, research found Wednesday.Koreans consumed 5 percent of their per capita income on high-end products, compared to 4 percent of the Japanese, accordi
NTS investigates 38 cases of offshore tax evasion

Aug 31, 2011

The National Tax Service said Wednesday that it is investigating 38 people suspected of stashing personal wealth abroad for tax evasion. The large-scale probe came after the taxation agency for the first time in June had asked some 2,000 individuals to voluntarily report their overseas assets worth
SNU professor awarded for anti-cancer study

TelevisionAug 30, 2011

Baek Sung-hee, professor of biological science at Seoul National University, was on Tuesday awarded the Korea L’Oreal-UNESCO Awards for Women in Life Science in recognition of her study of cancer. Baek Sung-heeThe award, jointly given by the France-based beauty company’s Korean branch, UN
Two ramyeon brands face mixed fates

IndustryAug 30, 2011

Two prominent figures in Korea’s instant noodle industry gambled with new products this year, with totally different consequences revealed on Tuesday. Nongshim, the nation’s largest instant noodle maker, announced Tuesday it has decided to stop producing Shin Ramyun Black, whose sales started four m
Gold still No.1 reward for long-serving workers

IndustryAug 29, 2011

Amid soaring gold prices, companies maintain gold reward for long-term workersLotte Department Store, a leading retailer, has maintained a unique reward system for long-term employees for more than 20 years ― offering a gold nugget. Starting with the 10 dons of gold given to workers who have worked
Starbucks to sell VIA instant coffee in Korea

IndustryAug 28, 2011

Korean consumers will be able to enjoy sipping instant coffee offered by Starbucks from next month, the Seattle-based company’s Korean branch said Sunday. The Korean introduction of the Starbucks VIA Ready Brew is scheduled for Sept. 16 at 363 Starbucks coffee houses here, Starbucks Korea spokeswoma
AD Stars aims to be Asia’s No. 1 advertising festival

IndustryAug 26, 2011

BUSAN ― AD Stars 2011, which marks its fourth anniversary this year, is the world’s first on-offline convergence advertising festival held in Busan, Korea’s southeastern port city. “Unlike other international advertising events, the Busan festival actually takes place all year long,” said Choi Hwan-
AD Stars 2011 kicks off in Busan

IndustryAug 25, 2011

BUSAN ― AD Stars 2011, an international advertising festival, kicked off its three-day event on Thursday in this southeastern port city of Busan.The event, which celebrates the fourth anniversary this year, was the world’s first on-offline convergence advertising festival. Some 700 advertising indus
Caff Bene favored most among specialty coffee brands: survey

IndustryAug 24, 2011

By Lee Ji-yoonCaff Bene, a Korean coffee house chain, received the best reviews in a recent consumer survey, while other local coffee retailers also scored high compared to international rivals.Korea Consumer Agency and KAIST Center for Fair Trade and Consumer Protection announced Wednesday the resu
Homeplus ‘virtual store’ to open in subway station

IndustryAug 24, 2011

By Lee Ji-yoonHomeplus, a local supermarket chain, said Wednesday it will open a “virtual store” in a subway station in southern Seoul so that customers can buy products without visiting an outlet. The virtual store will start operation from Thursday at Seonreung Station in Yeoksam-dong. According t
‘Jeonse’ deposits exceed 50% of home prices

IndustryAug 23, 2011

“Jeonse” prices soared in the metropolitan area to exceed half the value of new homes last month, research found Tuesday. The lump sum deposit that a tenant has to pay to the landlord reached 50.1 percent of home prices last month, the highest since 2006, research firm Real Today said. A passe
Online sales of gold items rise sharply

IndustryAug 22, 2011

A growing number of Koreans are turning to online retailers to purchase gold items at cheaper prices amid skyrocketing prices of pure gold here. G-Market, a leading online retailer, said Monday that its sales of solid gold items had increased almost sevenfold as of Aug. 15 compared to the same perio
E-Mart to build logistics complex

IndustryAug 22, 2011

E-Mart, Korea’s No. 1 discount store chain, said Monday that it will invest about 400 billion won ($370 million) to establish a logistics complex in Gyeonggi Province by 2014. The complex, located at a 500,000 square meter site in Anseong, 77 kilometers south of Seoul, will become the nation’s large
Homeplus COO named CEO of Tesco Malaysia

IndustryAug 21, 2011

Homeplus said that its COO Do Sung-hwan has been named as the chief executive of Tesco Malaysia. Do Sung-hwanHomeplus started its operation here in 1999 as a joint venture between Samsung Group and Tesco. Currently, the U.K.-based retail giant holds almost 95 percent of company shares. In 12 y