A Korean company announced on July 17 that it has found the hull of a Russian “treasure ship” that sank 113 years ago in waters off Ulleung Island in the East Sea.The ship, dubbed the Dmitrii Donskoii, was a first-class armored cruiser of the Russian Baltic Fleet. It is said to be carrying 5,500 box

Korean beauty products have become more popular around the world, such as in Europe and in Mexico, in which a favorable image of Korea has rapidly increased after 2018 Russia World Cup that has recently ended.On July 16, eBay Korea said after the Korea-Germany match on June 27, the weekly sales of p

The Shinsegae Group is set to break into the Jeju Island hotel market, mounting a challenge to Lotte and Shilla.According to the investment banking (IB) industry on July 15, Shinsegae was recently selected as the operator of Kensington Jeju Hotel located in the Jungmun Tourism Complex in Jeju, Seogw

Lotte World Adventure announced on July 10, two days before its 29th anniversary, its ambition to lead the virtual reality (VR) industry by developing and introducing a theme park-type VR attraction.The theme park-type VR attraction is a concept that combines pre-show that raises interest in VR cont

A shocking incidence happened to a South Korean consumer who was eating Haagen-Dazs ice cream on July 9.Around midnight on the day, a tip was posted on a Korean internet community site saying a 3 cm caterpillar was found in Haagen-Dazs strawberry ice cream. The informant said, “I heard a crunchy sou

The Korea Racing Authority (KRA) said on July 6 that it has extended its horse racing export contract with the US, the world's top-class horse racing country, following its entry into the UK in June. The contract will be signed by Sky Racing World, a US-based racing distributor.The KRA signed th

Jinro, a popular soju brand in South Korea produced by Hite Jinro Co., was the world’s most popular alcoholic drink in 2017, according to IWSR, a London-based company that tracks the alcoholic beverage market.Two other Korean soju brands were included in IWSR Real 100, a ranking of the world’s top 1

Millennium Seoul Hilton is offering special room packages for Seoul urbanites looking for a nice respite without having to leave the city! Pamper yourself with a luxurious stay at Millennium Seoul Hilton! The packages are offered from now until September 2nd.The two packages offered are Deluxe Urban

Neither SK Group chairman Chey Tae-won nor his wife Roh So-young, director of the Art Center Nabi, showed up at the first trial of their divorce proceedings on July 6.The first trial of the divorce suit was held at the Seoul Family Court at 11:10 am on the day. Neither Chey nor Roh appeared in the c

South Korea's cosmetics trade surplus surpassed the 4 trillion won mark (US$3.58 billion) for the first time in 2017. Korea’s cosmetics exports to China increased despite the diplomatic dispute over Seoul's deployment of THAAD, a U.S. missile defense system, while those to Vietnam and Indone

WeMakePrice said on July 4 that the company launched an undisclosed special offer service called 'Hidden Price' that does not reveal prices to the outside but offers prices 20% lower than the lowest prices at internet shopping malls.Hidden Price products would not disclose their prices on th

The largest cruise terminal in Korea will open in Incheon in late April next year.It is the first time that the metropolitan area will have a pier for large-scale cruise ships that can carry 5,000 to 6,000 tourists, so it is likely to change the landscape of the domestic marine tourism market.The In

South Korean online-to-offline (O2O) accommodation booking app Yanolja is pushing to advance into five Southeast Asian countries – Thailand, Vietnam, Indonesia, Malaysia and the Philippines.According to industry sources on July 1, Yanolja has recently completed a survery of startups in Southeast Asi

Amid the growing popularity of “K-Beauty” overseas, Korea's cosmetics exports continue their steep growth curve this year after reaching a record high last year.According to the Customs Service of Korea on June 28, cosmetics exports amounted to US$3.924 billion last year, which was 3.3 times of

Lotte World Tower, the tallest building in Korea that officially opened in April last year, is gaining popularity as a shooting location for various kinds of programs and events. So much so that the building has appeared in films, TV dramas and TV entertainment programs and even a foreign TV travel

Seoul is the fifth most expensive city in the world for expats, according to an annual cost of living report produced by global consulting firm Mercer.Mercer Korea said on June 26 that Hong Kong is the world’s most expensive city for expatriates. Tokyo came in second place, Zurich third, Singapore f

The competition between Naver and Kakao for in the Japanese webtoon market is in full swing.Naver announced on June 25 that it will invest 150 billion won in Naver Webtoon by participating in its capital increase.Naver Webtoon was separated from Naver in May last year after operating as an independe

Sometimes, giveaways gain more popularity than the main product. This is the case for the Gold Anti-aging Massage Roller which was developed as a component of the WhooBichupJa Yoon Cream Set produced by LG Household & Healthcare (LG H&H).The manufacturer of the rollers is Pauco Co., which is located

The Ministry of Food and Drug Safety of South Korea has recently announced that electronic cigarettes are not less harmful than non-electronic cigarettes. On June 18, Philip Morris came up with a clinical test result to refute the announcement.In its clinical test based on its IQOS product, Philip M

Asian live buffet restaurant InStyle at Seoul Dragon City, Korea’s first-ever lifestyle hotel-plex, holds World BBQ Feast, which offers a feast of flavors from all around the world, until August 31.Timed with the forthcoming summer season and under the "gastronomic journey" concept, the latest promo