South Korean retail giant Lotte Group will be opening Lotte World Mall, the nation’s largest shopping mall, in the Jamsil area of southern Seoul on Oct. 14 in a move that it hopes will put an end to disputes over the safety of the structure. “We are pleased to see the group taking the first step toward its two-decade-long dream to build a global landmark in Korea,” said So Jin-sei, a Lotte Group president, who is responsible for the group’s external relations division, at a press conference held

NEW YORK ― A global expert in urban planning called for cities to seek to reform their outdated infrastructure for sustainable growth. Urbanization around the world has been accelerating and cities, which already account for some two-thirds of global energy consumption, drive the world’s growth. “Cities around the world, however, are facing challenges their original planners could have never imagined,” Roland Busch, a managing board member of German industrial giant Siemens, told The Korea Heral

Lee Boo-jinLee Boo-jin, the eldest daughter of Samsung Group chairman Lee Kun-hee, is going through divorce proceedings, the company said Saturday.Ending a 15-year marriage, the 44-year-old CEO of Hotel Shilla, the group’s hotel unit, filed for divorce mediation with her husband Im Woo-jae, at the Seongnam branch of Suwon District Court on Wednesday, according to the company. Im serves as vice president of Samsung Electro-Mechanics. Born in 1968, Im joined Samsung C&T in 1995 and met the younger

Traditional handmade baby clothes with a modern twist are gaining popularity through word-of-mouth in the high-end baby wear market.“One-hundred percent hand-sewn baby clothes using traditional Korean fabric seem to appeal to moms, who look for items offering unique design and comfort to their newborn baby,” said Kang Keum-seong, who runs Viin Baby, a newborn baby wear brand based on the design of the traditional Korean hanbok. Kang, a famous traditional Korean patchwork “jogakbo” designer, debu

A visiting commercial aircraft market specialist forecast that the industry would continue to experience a boom in business, driven by a steady growth in plane orders over the next two decades. “As we look at the global aviation market, it’s a good market. Frankly, it is getting better,” Randy Tinseth, vice president of marketing at Boeing Commercial Airplanes, said in a press conference at the Conrad Hotel in Seoul on Wednesday.  Randy Tinseth, vice president of marketing at Boeing Commercial A

The top management of state-run Korea Gas Corp. has been in Europe since the start of this month to help Daegu win its bid to host the 2021 World Gas Conference, the company said Tuesday. Visitors browse at exhibition booths set up at the 2014 Gastech Conference and Exhibition held from March 24-27 at KINTEX in Gyeonggi Province. KOGASDaegu, where KOGAS has moved its headquarters to from Seoul last month, served as the venue for the 22nd World Energy Congress in October last year.“The Gas Intern

Yu Kun-ha (right), head of the digital service center at Herald Corp., poses after signing a partnership agreement with Kim Kyu-tae, the senior managing director of the Association of High Potential Enterprises of Korea. The two sides will cooperate to globally promote Korean mid-sized firms. (Yoon Byung-chan/The Korea Herald)

SK Innovation, the holding company of SK Group’s energy sector, announced on Monday the start of commercial operations of its lubricant production plant in Cartagena, Spain, as part of the company’s aim toward globalization. “With the production line in Spain, SK Lubricants has become the world’s third-largest lubricant oil producer behind Exxon Mobil and Shell, with an expanded daily output of 70,800 barrels,” SK Innovation said in a press release. “The joint investment in Spain is helping SK L