Korean retailers jumping on the World Cup bandwagon

10 days ago Korea JoongAng Daily

Korean retailers jumping on the World Cup bandwagonShares of food companies selling fried chicken and beer received a boost Monday as demand for the food options is expected to surge when people watch games during the 2022 FIFA World Cup in Qatar., a combination of the words chicken and maekju, or beer, is often popular for people watching the games.Shares of GS Retail, which signed a license contract with Tottenham Hotspur and is selling a football-shoe-shaped fried chicken with a photo of the team on the package of the chicken, added 0.18 percent to 28,600 won Monday. Other Tottenham Hotspur-themed food products, such as triangular, are sold.Chicken meat supplier Maniker rose 1.66 percent to 1,535 won.Jeju Beer Company surged 19.89 percent to 2,170 won and beverage company Hite Jinro inched 0.56 percent to 26,800 won.Other retailers are holding promotions to sell cheaper fried chicken.Market Kurly started selling its retro-style grilled chicken, which costs 9,900 won ($7.31) for two whole chickens. Footballs signed by Tottenham Hotspur will also be given to 1,000 consumers, first come first served.Food companies are also jumping on the World Cup bandwagon.A-Young Fortune Brands Company released a limited 2022 Qatar World Cup edition of one of its most popular wines, Casillero del Diablo. The wine bottle is decorated with footballs and red devils, the nickname for supporters of the national team.Oriental Brewery (OB) released a limited edition of its Cass beer painted in gold, with a big lucky number 7 written on the front of the can and the official emblem of the 2022 Qatar World Cup in the back.Sports brand Adidas started selling its limited edition called Ultraboost DNA WC on Nov. 19, celebrating the 20th anniversary of the 2002 World Cup, when Korea finished fourth.The sneaker has the national team's match schedules during the 2002 World Cup written, along with the phrase “dreams come true” on the insole. Only a total of 2,002 pairs of the edition will be sold.BY YOO JI-YOEN [[email protected]]
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North Korea fires ballistic missile in direction of South Korean island

North Korea fires ballistic missile in direction of South Korean islandNorth Korea fired at least one ballistic missile on Tuesday morning in the direction of South Korean-controlled Ulleung Island, located off the country’s eastern coast, South Korean military officials said.Detected by the South’s ballistic missile tracking radar systems, the North Korean missile’s trajectory prompted air raid alert messages to be sent automatically at 8:55 a.m., urging the island’s residents to “take shelter underground immediately.”The state of alert was lifted at 9:08 a.m.While the North has launched missiles into the East Sea before, this is the first time it fired a missile toward South Korean territory.According to the Joint Chiefs of Staff (JCS), the North launched at least one ballistic missile toward Ulleung Island, which fell into the sea before reaching the island.South Korean authorities are currently analyzing details of the launch, such as the range, altitude and speed, as well as the number of missiles, according to the JCS.The North’s unprecedented firing of a ballistic missile in the direction of a South Korean island came shortly after the a statement from an unnamed North Korean Foreign Ministry spokesman released Monday that warned of “more powerful follow-up measures” if the South and the United States “continuously persists in the grave military provocations.”South Korea and the United States started a large joint air exercise dubbed Vigilant Storm on Monday, mobilizing more than 240 aircraft including F-35A stealth fighters, F-15K jets and KF-16 jets from the South Korean Air Force and F-35B stealth fighters, EA-18 electronic warfare aircraft, KC-135 tankers and U-2 high-altitude reconnaissance aircraft from the U.S. military.BY MICHAEL LEE [[email protected]]

29 days ago Korea JoongAng Daily
South Korean, U.S. defense chiefs to hold annual talks amid tensions over North's missile barrage

South Korean, U.S. defense chiefs to hold annual talks amid tensions over North's missile barrageThe defense chiefs of South Korea and the United States are set to hold their annual security talks here on Thursday, with a focus on joint efforts to fortify deterrence against growing North Korean threats, Seoul officials said.Defense Minister Lee Jong-sup and his U.S. counterpart, Lloyd Austin, will meet at the Pentagon for the 54th Security Consultative Meeting (SCM) amid heightened tensions caused by a barrage of North Korean missile and artillery firings on Wednesday.Topping the agenda are the allies' efforts to strengthen the credibility of America's "extended deterrence" commitment to mobilizing the full range of its military capabilities, including nuclear assets, to defend the South.Seoul has been striving to ensure the enforceability of extended deterrence amid worries that Pyongyang's push to develop missiles capable of striking the U.S. mainland could make Washington dither on whether to come to the aid of its ally should it be attacked.The South's drive for stronger deterrence comes in the wake of the North's continued saber-rattling.In Wednesday's provocation, the North fired more than 20 missiles, including one that landed south of the Northern Limit Line (NLL), the de facto inter-Korean maritime border, for the first time since the end of the 1950-53 Korean War.To rein in such provocations, the SCM joint statement could carry a strong message akin to the warning in the recently published U.S. Nuclear Posture Review: Any nuclear attack by the North will result in the "end of that regime. "As part of efforts to sharpen deterrence, the two sides are expected to discuss the timely, coordinated deployment to South Korea of U.S. strategic assets and the strengthening of the allies' table-top exercise on the use of extended deterrence assets, observers said.The two sides will also discuss the outcome of a full operational capability (FOC) assessment that their militaries conducted in August as part of a process for the conditions-based transition of wartime operational control (Opcon) from Washington to Seoul.The FOC assessment is the second part of the three-stage program designed to vet Seoul's capabilities to lead the allies' combined forces. The program is part of various conditions required for the Opcon handover.Lee and Austin also plan to discuss trilateral security cooperation among the South, the United States and Japan, and preparations for a series of events marking the 70th anniversary of the establishment of the Seoul-Washington alliance next year, according to Seoul officials.In addition, the two sides are likely to touch on other regional and global security issues, including tensions across the Taiwan Strait. In last year's SCM joint statement, the two sides "acknowledged the importance of preserving peace and stability" in the strait.Yonhap

28 days ago Korea JoongAng Daily
Korean Air Lines flight to Sydney diverts back to Incheon with overheating engine

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1 month ago Korea JoongAng Daily
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