Sulwhasoo Men, the premium skin care brand for men by AmorePacific, launched its Refreshing Cleansing Foam and Age Defying Cream. The cream made with ginseng seed oil moisturizes the skin and boosts revitalization, the company said. It can be applied after using the already-released Bonyoon Essence and fluids. The cleansing foam contains natural powder substances that function as daily scrub material, removing old tissue and dirt. The Refreshing Cleansing Foam is around 30,000 won ($25.50) and t

Industry Oct. 1, 2015

Burberry flagship store in Cheongdam-dong, southern Seoul. Burberry KoreaBritish luxury brand Burberry opened its flagship store in Cheongdam-dong, southern Seoul, on Thursday.The building will work as the showroom of not only Burberry products but also its state-of-the-art information technology, and work as the epicenter of the company’s omni-channel marketing -- the integration of brick-and-mortar stores and the digital world. “The building sells the largest Burberry product assortment for me

Industry Oct. 1, 2015

Starbucks Coffee Korea employees attend a promotional campaign to provide free coffees to soldiers. Starbucks Coffee KoreaStarbucks Coffee Korea on Tuesday said it will reward all military soldiers with free coffee as a token of appreciation for their patriotism. “Anyone who identifies themselves as military soldiers along with a coupon distributed at the military camp will be given a cup of tall-size ‘Today’s Coffee’ at any Starbucks outlet in the country,” the company said. The coupon is valid

Industry Sept. 29, 2015

German carmakers have enjoyed ample success in South Korea over the past decade but are now beset by scandals that could hurt their reputation and sales. With BMW facing a massive recall order and Mercedes-Benz struggling to quell controversy over its aftersales service, Volkswagen’s latest emissions-fixing scandal has brought a new low to the three giants -- who together account for more than half of the local foreign car market.According to the Korea Automobile Importers & Distributors Associa

Industry Sept. 23, 2015

 Coffee shop franchise operator Caffe Bene on Wednesday appointed Choi Seung-woo as the company’s new CEO. Choi, who graduated from Seoul National University and has served as CEO of Woongjin Food, has been commissioned to put Caffe Bene on the global map. Founder and chairman Kim Sun-kwon, who had worked as the CEO, will now focus on projecting the overall direction and vision to open 10,000 outlets around the world by 2020. “In order to bring up Caffe Bene to the level of global franchise corp

Industry Sept. 23, 2015

With the influx of Chinese tourists and their spending at duty-free stores snowballing, Lotte Group and Samsung Group have locked horns in the services and retail industries, striving to win the favor of Chinese consumers.Their affiliates -- Hotel Shilla, with Samsung Group, and Hotel Lotte as well as Lotte Duty Free -- have been placed at the forefront to win the hearts of Chinese tourists, who have been known to spend an average of $2,094 during their stay, according to data from the Korea Tou

Industry Sept. 22, 2015

CJ Foodville, the restaurant and cafe operator under CJ Group, on Tuesday announced that the company aims to become one of the world’s top 10 diner operators with more than 3,600 outlets in 15 overseas countries by 2020.Aggressive merger and acquisitions will become the main tool for the company to grade up with global giants such as McDonald’s, Starbucks or Yum. CJ currently operates 230 overseas outlets in 10 countries, and the proposed increase will account for 44 percent of the company’s rev

Industry Sept. 22, 2015

  Bank of Korea Gov. Lee Ju-yeol speaks during a press conference for the August rate-setting meeting at the BOK head office in Seoul. YonhapExpectations of another cut in the benchmark interest rate in October are running high as the central bank chief hinted at efforts to boost exports and revitalize economic activities. In the aftermath of the recent U.S. Federal Reserve’s key interest rate freeze and China’s financial uncertainties lurking in the background, speculations are rising about wha

Sept. 20, 2015

A driving shot of the new BMW 7 Series sedan 　Oliver Zipse, member of the management board of BMW responsible for productionPORTO, Portugal -- German luxury carmaker BMW is ready to hit the start button to win back customers from its rivals, including Mercedes-Benz, in the competitive luxury sedan market, facing the global debut of its sixth generation of the 7 Series sedan at the 66th International Motor Show in Frankfurt, which will kick off on Sept. 15. The carmaker will start sales of its la

Mobility Sept. 13, 2015

Rolls-Royce DawnBritish luxury carmaker Rolls-Royce on Tuesday unveiled its new model, the Dawn, the “sexiest Rolls-Royce ever built.”  Media outlets worldwide live-streamed the pre-filmed showcase on Rolls-Royce’s website and then threw questions to Torsten Muller-Otvos, the company’s CEO. “Our new Rolls-Royce Dawn promises a striking, seductive encounter like no other Rolls-Royce to date, and begins a new age of open-top, super-luxury motoring,” Muller-Otvos said. “It will be the most social o

Mobility Sept. 13, 2015

Kumho Tire’s self-sealing tires Kumho TireKumho Tire announced Monday that it will participate in the 2015 IAA conference this month in Frankfurt, Germany.The IAA, which expects around 1 million visitors and 1,100 carmakers and manufacturers from Sept. 17-27, is one of the world’s four largest motor shows focused on auto products and technology.Kumho Tire officials said they plan to display 12 products and increase their brand recognition in Europe during the IAA.One of the products is its new u

Mobility Sept. 13, 2015