SEOUL, Sept. 18 (Korea Bizwire) — Dunkin’ Donuts is moving away from its donuts and coffee staples at a new ‘concept store’ in the trendy Hongdae neighborhood, a move industry watchers see as a bold initiative to expand its presence in the South Korean market and appeal to a wider audience. The South Korean unit [...]
SEOUL, Sept. 18 (Korea Bizwire) – South Korea’s airlines will impose fuel surcharges on international passengers next month to reflect an increase in jet fuel prices, industry sources said Monday. In the past five months through September, local airlines didn’t impose fuel surcharges, as the average price of jet fuel remained below US$1.50 per gallon. [...]
SEOUL, Sept. 18 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday its artificial intelligence (AI) speaker was sold out on the first day of the preorder. Kakao, which also operates the country’s No. 2 portal, said it sold all of the 3,000 units of the Kakao Mini allocated for preorders [...]
SEOUL, Sept. 18 (Korea Bizwire) – The government will decide soon whether to sell its remaining stake in Woori Bank, the nation’s top financial regulator said Monday. As part of a plan to privatize Woori Bank, the government sold a 28 percent stake to seven institutional investors last year but still holds an 18 percent [...]
SEOUL, Sept. 18 (Korea Bizwire) — LG Electronics’ new refrigerator commercial with an interesting twist has been proven a success on social media, according to the electronics giant on Sunday. The South Korean consumer electronics company teamed up with the London Vegetable Orchestra for its latest commercial targeting social media, which has been watched over [...]
SEOUL, Sept. 18 (Korea Bizwire) — As the pet population in South Korea soars past the 10 million mark, TV networks are increasingly cashing in on pet-themed shows to attract the growing number of viewers who own companion animals. With more than 10 million South Koreans now owning a pet, more than the population of [...]
SEOUL, Sept. 15 (Korea Bizwire) – Lotte Group’s decision to pull its supermarket chain out of China after months of politically motivated retaliation from the Chinese government is triggering fears it could cause a domino effect among South Korean companies. After being subject to incessant retaliation – including raids by safety authorities from the Chinese government [...]
SEOUL, Sept. 15 (Korea Bizwire) – Despite the South Korean government’s efforts to reduce the country’s reliance on nuclear energy and initiate a shift towards renewable alternatives, a surprising number of soon-to-be high school graduates have applied to study nuclear engineering at university this year. According to sources in the education sector on Thursday, the [...]
TAEAN, Sept. 15 (Korea Bizwire) – Recent data has revealed that the number of leukemia and prostate cancer patients in Taean County has risen drastically since one of the country’s worst oil spills devastated the region in 2007. The worrying data put forward by Choi Gyeong-hwa, the director of information management at the Taean Environmental Health [...]
TAMPERE, Finland, Sept. 15 (Yonhap) – South Korea’s Gyeonggi Province said on Friday that Finnish drilling machine specialist Robit Plc. has agreed to invest US$10 million in a factory park in the province. Governor Nam Kyung-pil and Robit Chairman Harri Sjoholm signed a memorandum of understanding at the company’s headquarters in Tampere, under which the [...]