CHUNCHEON & SEOUL, July 16 (Korea Bizwire) — LG CNS, the digital transformation arm of LG Group, is stepping into the burgeoning insect industry with plans to construct a cutting-edge smart insect farm in Chuncheon, Gangwon Province, aimed at automating and digitizing the mass production of edible insects such as mealworms. The initiative marks the company’s [...]
SEOUL, July 15 (Korea Bizwire) — Sulbing Co., a South Korean dessert cafe chain, said Tuesday it plans to enter the Philippine market this year as part of its overseas expansion strategy. Sulbing has signed a master franchise (MF) agreement with Beyond Bingsu Cafe Inc., an affiliate of Philippines’ Fredley Group of Companies, to open [...]
SEOUL, July 8 (Korea Bizwire) — Shares of Samyang Foods surged to a new all-time high on Tuesday, buoyed by soaring global demand for its signature Buldak spicy ramen and expanded production capacity. The stock closed at 1,436,000 won on the Korea Exchange, up 7.65% from the previous trading day, surpassing the 1.4 million won [...]
GIMPO, July 8 (Korea Bizwire) – A Starbucks nestled just 1.4 kilometers from the North Korean border is emerging as one of South Korea’s most unlikely tourist hotspots, drawing over 120,000 customers in just seven months. The store, located inside Aegibong Peace Ecological Park in Gimpo, opened on November 29, 2024, and has since attracted both [...]
SEOUL, July 7 (Korea Bizwire) — Korean restaurants that adopt smart technologies such as delivery apps, kiosks, and table-order systems significantly outperform those that do not, according to a new study by the Korea Foodservice Industry Research Institute. The survey found that restaurant owners using smart tools reported an average monthly revenue of ₩30.86 million and [...]
SEOUL, July 3 (Korea Bizwire) — Burger King Korea announced Thursday that burger recipes and ingredients developed in South Korea are gaining popularity in global markets, signaling the growing influence of Korean consumer tastes on international fast food trends. According to the company, the “Quattro Cheese Whopper,” originally developed in Korea in 2013, has been [...]
SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]
SEOUL, July 2 (Korea Bizwire) — Grabbing lunch in Seoul’s central business districts has become a significantly pricier affair, with Samseong-dong topping the list at ₩15,000 (approx. $11) per meal — the highest average in the greater Seoul area, according to new data released by NHN Payco. The company analyzed 9 million transactions made through [...]
SEOUL, July 1 (Korea Bizwire) — A growing wave of discontent is brewing in South Korea’s café culture over so-called “café villains” — patrons who turn coffee shops into de facto personal offices, setting up laptops, monitors, and even partition screens for extended stays. The controversy reignited after a viral photo showed a customer occupying [...]
SEOUL, June 30 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle manufacturer, announced Monday the debut of its signature Shin Ramyun menu at a franchise restaurant located within Fort Bliss, a major U.S. military base in Texas. This marks the first time Nongshim’s ramen dishes have been featured as official menu items [...]