Korea Bizwire, Author at Be Korea-savvy
S. Korea’s Rice Consumption Down Average 2.3 pct Annually over 3 Decades

S. Korea’s Rice Consumption Down Average 2.3 pct Annually over 3 Decades

SEJONG, Oct. 24 (Korea Bizwire) — South Korea’s per capita annual rice consumption fell an average 2.3 percent annually over the past three decades, data showed Thursday. Per capita average annual rice consumption hit a record low of 61 kilograms in 2018, compared with a record high of 136.4 kilograms in 1970, according to the [...]

Netflix’s ‘The King’ Rekindles Debate over its Theatrical Release Policy

Netflix’s ‘The King’ Rekindles Debate over its Theatrical Release Policy

SEOUL, Oct. 24 (Korea Bizwire) — As Netflix’s upcoming film “The King” hit South Korean screens this week, the global media giant’s theatrical release plans have again emerged as a hot potato in the local cinema market. Megabox, one of the three biggest multiplexes along with CGV and Lotte Cinema, said Tuesday that it would [...]

GS25 Convenience Stores Halt Sales of 4 Flavored E-cigarettes After Gov’t Warning

GS25 Convenience Stores Halt Sales of 4 Flavored E-cigarettes After Gov’t Warning

SEOUL, Oct. 24 (Korea Bizwire) — GS25, a South Korean convenience store chain owned by GS Retail, said Thursday it has suspended sales of four flavored e-cigarettes, a day after the government strongly advised people not to use such vaping products over serious health risks. Health and Welfare Minister Park Neung-hoo on Wednesday advised people [...]

Southco Releases New Heavy-Duty Draw Latch Designed for Substantially Heavier Doors and Panels

Southco Releases New Heavy-Duty Draw Latch Designed for Substantially Heavier Doors and Panels

HONG KONG, CHINA, Oct. 24 (Korea Bizwire) – Southco has expanded its successful line of draw latches with the addition of a heavy-duty 37 Lever Assist Latch. Designed to accommodate misalignment of heavier doors and panels, the newest 37 Lever Assist Latch provides tight latch grip and additional clamping force in challenging operating conditions. Southco’s [...]

Miyazaki Prefecture Governor Visits Asiana to Keep Route

Miyazaki Prefecture Governor Visits Asiana to Keep Route

SEOUL, Oct. 24 (Korea Bizwire) — A Japanese prefecture governor met with Asiana Airlines Inc.’s chief executive officer to discuss ways to keep the route to Miyazaki amid Japan’s export curbs, the company said Thursday. On Wednesday, Miyazaki Prefecture Gov. Kohno Shunji paid a visit to Asiana Airlines in Seoul to exchange views on ways [...]

Seoul Government Eyes Having 4,000 Fuel-cell Cars on its Roads by 2022

Seoul Government Eyes Having 4,000 Fuel-cell Cars on its Roads by 2022

SEOUL, Oct. 24 (Korea Bizwire) — The Seoul metropolitan government aims to have more than 4,000 hydrogen fuel-cell vehicles (FCVs) on its roads by 2022 as part of efforts to increase demand for environment-friendly cars, city officials said Thursday. To this end, the local government also plans to increase the number of hydrogen charging stations [...]

SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SEOUL, Oct. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its net profit for the third quarter dipped to the lowest level in more than three years on weak memory chip prices and global demand, but said it expected the memory industry to recover next year on adoption of 5G smartphones. The net profit [...]