Korea Bizwire, Author at Be Korea-savvy | Page 26 of 176
Gap Between Rich and Poor South Koreans Increasing

Gap Between Rich and Poor South Koreans Increasing

SEOUL, March 13 (Korea Bizwire) — Income polarization deepened in 2017 with high income earners making more while low income earners brought in less. In addition, while individual income fluctuated by small margins, average household income and consumption fell. These conclusions were derived from a report published by Shinhan Bank that conducted research on the [...]

Food Companies Raising Prices due to Rising Cost of Raw Materials, Labor Costs

Food Companies Raising Prices due to Rising Cost of Raw Materials, Labor Costs

SEOUL, March 13 (Korea Bizwire) — Food processing companies are raising prices of their products citing rising costs of raw materials, labor and other outlays, industry sources said Tuesday. CJ Cheiljedang Corp., South Korea’s largest food and feed company, increased the prices of five kinds of Korean dumplings by an average 6.4 percent March 1. [...]

Kia Stinger, Genesis G80 Named to Autotrader’s 10 Best Car Interiors under $50,000

Kia Stinger, Genesis G80 Named to Autotrader’s 10 Best Car Interiors under $50,000

SEOUL, March 13 (Korea Bizwire) — Kia Motors Corp.’s Stinger sports car and Hyundai Motor Co.’s sub-brand Genesis G80 sedan made this year’s Autotrader top 10 best car interiors for vehicles under $50,000, the automakers said Tuesday. “The Kia Stinger’s interior offers a great-looking cabin with upscale materials and intuitive controls. There’s also a surprising [...]

Single-Person Households Drive Growth of Single-Serving Groceries, Ready-to-Eat Meals

Single-Person Households Drive Growth of Single-Serving Groceries, Ready-to-Eat Meals

SEOUL, March 12 (Korea Bizwire) — Sales of fresh food products in small quantities and home meal replacements have grown substantially with single- and dual-person households emerging as primary consumers. In the past two weeks, sales of GS Supermarket’s “single-serving vegetable” packets were 68.7 percent higher than in the two weeks directly following the date [...]

Cosmetics Firms Beef up Anti-Pollution Marketing amid Fine Dust Concerns

Cosmetics Firms Beef up Anti-Pollution Marketing amid Fine Dust Concerns

SEOUL, March 12 (Korea Bizwire) — South Korean cosmetics companies are concentrating their marketing efforts on anti-pollution products amid growing concerns over fine dust here, industry watchers said Monday. According to Lotte Shopping Co., the combined sales of basic skin care products for skin troubles at its health and beauty store chain LOHB’s in the [...]