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 [...]
CHEONGSONG•ANDONG, South Korea, April 17 (Korea Bizwire) — A series of large-scale wildfires that swept through South Korea’s northern Gyeongsangbuk-do Province earlier this year are threatening to severely reduce the country’s apple harvest, fueling concerns that soaring prices may again lead to so-called “golden apples” in the marketplace. The fires, which ravaged key apple-producing counties [...]
SEOUL, April 7 (Korea Bizwire) — The foreign ministry said Monday that a South Korean sea salt farm recently placed under U.S. import restrictions is no longer involved in forced labor, after the U.S. customs agency’s ban on its products over alleged labor abuses. The U.S. Customs and Border Protection (CBP) said Thursday (U.S. time) [...]
SEOUL, April 6 (Korea Bizwire) — National certification exams in forest and plant protection are seeing a steady rise in popularity, fueled largely by a surge in applicants in their 50s and 60s preparing for post-retirement careers. According to data released by the Human Resources Development Service of Korea (HRDK), older adults are not only driving [...]