SEOUL, June 24 (Korea Bizwire) — GS Caltex Corp., South Korea’s second-largest refiner by sales, said Tuesday it is considering producing biofuel by recycling waste from palm oil mills in Indonesia. The initiative, which also aims to cut greenhouse gas emissions, involves using palm oil mill effluent (POME) to produce bio-based raw materials while reducing [...]
SEOUL, June 15 (Korea Bizwire) — For many South Korean households, the rising cost of everyday groceries is no longer just an inconvenience—it’s a growing burden. From fresh eggs to packaged snacks, the price tags lining supermarket shelves are fueling consumer frustration and prompting government action. According to data released Sunday, South Korea ranked as [...]
SEOUL, June 10 (Korea Bizwire) — A growing number of South Korean consumers are purchasing eco-friendly agricultural products, but high prices continue to hinder broader adoption, according to a government survey released Monday. The Ministry of Agriculture, Food and Rural Affairs reported that 76.8% of respondents said they had purchased eco-friendly produce at least once in [...]
SEOUL, May 23 (Korea Bizwire) — Major coffee chains and instant coffee producers in South Korea are raising prices amid an increase in raw material costs, according to industry data Friday. Angel-in-us Coffee, operated by Lotte GRS Co., said it will increase beverage prices by 200 to 300 won (US$0.15-0.22) Thursday. CJ Foodville Corp.’s bakery [...]
SEOUL, May 21 (Korea Bizwire) — South Korea’s Dongwon Industries announced Tuesday that it has developed and deployed the world’s first drone specifically engineered for fish-finding operations, marking a technological breakthrough in sustainable offshore fishing. Unlike previous methods that relied on helicopters or general-purpose drones, the new model—referred to as the “fish-finding drone”—was designed from the [...]
JEJU, May 18 (Korea Bizwire) — Russia has emerged once again as the largest importer of Jeju-grown tangerines, accounting for more than half of South Korea’s total citrus exports last year, despite the ongoing war in Ukraine. According to data released by the Korea Citrus Export Union, 1,775 tons of tangerines—representing 53% of all Jeju citrus [...]
SEOUL, April 22 (Korea Bizwire) — For the first time in 35 years, South Korean-grown rice returned to Japanese shelves — and sold out within ten days. Amid a historic spike in domestic rice prices, Japanese consumers are turning to Korean imports, not only for affordability but also for quality and taste. According to the National [...]
SEOUL, April 21 (Korea Bizwire) — South Korea plans to export 22 tons of rice to Japan, the largest volume in 35 years, following a surge in rice prices in the neighboring country, a trade company said Monday. The Japan office of South Korea’s NH Trading Co. imported 2 tons of Korean rice products last [...]
UISEONG•YEONGDEOK, South Korea, April 18 (Korea Bizwire) – Forestry workers in North Gyeongsang Province are facing renewed despair after record-breaking wildfires scorched thousands of hectares last month — only to find that government compensation falls far short of the actual losses incurred. According to local authorities and affected families, the wildfires that broke out on [...]
SEOUL, April 17 (Korea Bizwire) — The number of farming households in South Korea remained below the 1 million mark for the second consecutive year in 2024, continuing a long-term decline amid the country’s aging population and rapid urbanization, data showed Thursday. According to the data compiled by Statistics Korea, the number of farming households [...]