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POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

POSCO’s Cryogenic Manganese Steel Earns Gov’t Approval for LNG Tank Use

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top steelmaker POSCO said Tuesday its cryogenic high manganese steel (HMS) has earned government approval as a material reliable for manufacturing land-based liquefied natural gas (LNG) storage tanks. POSCO completed the development of world’s first cryogenic HMS in 2013 after six years of research. The company said [...]

H&B Stores Suspend Sales of DHC Products as Japan Boycott Intensifies

H&B Stores Suspend Sales of DHC Products as Japan Boycott Intensifies

SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s health and beauty (H&B) store industry has suspended sales of Japanese beauty firm DHC Corp.’s products, which has mired in controversy for its anti-Korean remarks. Olive Young, a leading H&B store chain, said it has not been selling DHC products at its online store since Monday morning. [...]

Only 45 pct of S. Koreans Satisfied with Current Bedroom

Only 45 pct of S. Koreans Satisfied with Current Bedroom

SEOUL, Aug. 13 (Korea Bizwire) — Less than half of South Koreans are currently satisfied with their own bedroom, a recent survey has showed. According to Swedish furniture giant IKEA’s survey of 1,000 residents of Seoul and Gyeonggi Province, only 45.8 percent of all respondents said they were currently satisfied with their bedrooms. The respondents [...]

Anti-Japan Boycott Movement Spreads to Baby and Hobby Items

Anti-Japan Boycott Movement Spreads to Baby and Hobby Items

SEOUL, Aug. 12 (Korea Bizwire) — The boycott movement against Japanese goods is now going beyond Japanese beer and fashion brands to infiltrate baby products and hobby items. Consumers have been updating the list of boycotted items through social networks, and sharing ways to distinguish Japanese products by checking the barcode. According to SSG.com, Shinsegae [...]

Korean-run Chicken Restaurant is Most Popular Eatery in Bishkek

Korean-run Chicken Restaurant is Most Popular Eatery in Bishkek

SEOUL, Aug. 12 (Korea Bizwire) — Boulevard Erkindik, located in the heart of downtown Bishkek, the capital of Kyrgyzstan, is home to one of the most popular restaurants in town – Chicken Star, which was launched in May 2015 by Chung Chi-hoon, a 37-year-old Korean. TripAdvisor, the world’s largest travel information website, ranked Chicken Star [...]

S. Korea to Adopt Price Ceiling on Privately Built Flats

S. Korea to Adopt Price Ceiling on Privately Built Flats

SEOUL, Aug. 12 (Korea Bizwire) – South Korea will adopt a controversial scheme to cap presale prices of privately built apartments in extended efforts to stabilize real estate markets, the land ministry said Monday. The ministry said the government plans to revise related laws by early October to fully prepare for the adoption of the “presale price [...]

Demand for Hair Loss Products Surges Among Young Women

Demand for Hair Loss Products Surges Among Young Women

SEOUL, Aug. 9 (Korea Bizwire) — The hair loss market is seeing a marked shift in demographics, as the core purchasing group is switching from male to female and middle-aged to younger generations. According to an analysis of big data on hair loss management products from January to July by online shopping site Gmarket, female [...]