Korea Bizwire, Author at Be Korea-savvy
Dessert Cafés on the Rise Amid Fast Food Industry Struggles

Dessert Cafés on the Rise Amid Fast Food Industry Struggles

SEOUL, Apr. 30 (Korea Bizwire) — With South Koreans increasingly valuing emotional satisfaction in affordable purchases, the popularity of dessert cafés is soaring, to the detriment of fast food franchises. The South Korean dessert industry in 2016 reached 9 trillion won, accounting for 10 percent of the dining industry, according to sources close to the food [...]

Most Accurate Standard Time Station in South Korea to Open Next Year

Most Accurate Standard Time Station in South Korea to Open Next Year

DAEJEON, Apr. 30 (Korea Bizwire) — The most accurate standard time station to date in South Korea will begin its test broadcasts sometime next year. According to the Korea Research Institute of Standards and Science (KRISS), a new long-wave station will open early next year in Gyeonggi Province. Using a frequency between 50 and 100 kHZ, [...]

Koreas Agree to Jointly Participate in Int’l Sports Competitions

Koreas Agree to Jointly Participate in Int’l Sports Competitions

SEOUL, April 27 (Korea Bizwire) – The two Koreas have agreed to jointly participate in international sports competitions, including the 2018 Asian Games, following their historic summit on Friday, raising expectations of unified teams at upcoming events. The agreement was part of a joint declaration issued after South Korean President Moon Jae-in and North Korean leader Kim Jong-un held their monumental summit earlier in the [...]

Hyundai Steel Q1 Net Profit Falls 48.2% Due to Base Effect

Hyundai Steel Q1 Net Profit Falls 48.2% Due to Base Effect

SEOUL, April 27 (Korea Bizwire) – Hyundai Steel Co., South Korea’s second-biggest steelmaker by sales, said Friday that its first-quarter net profit plunged 48.2 percent from a year earlier due to a base effect. Net profit for the three months ending March 31 came to 177 billion won (US$164.7 million), compared with a net profit of 341.8 billion won a year earlier, the company said in a statement. The company said [...]

Pyongyang Food for Lunch: Inter-Korean Summit Spurs Demand for Cold Noodles

Pyongyang Food for Lunch: Inter-Korean Summit Spurs Demand for Cold Noodles

SEOUL, April 27 (Korea Bizwire) – It’s been announced that South Korean President Moon Jae-in and North Korean leader Kim Jong-un will be slurping up cold noodles made by an exceptional cook from Pyongyang in their banquet later in the evening as part of Friday’s historic summit.  But some South Koreans were hours ahead of them as they scrambled [...]