SEOUL, Jul. 31 (Korea Bizwire) — South Korea’s exports of the traditional alcoholic beverage “makgeolli” declined nearly 5 percent in 2017, marking a drop for the sixth consecutive year as it failed to attract consumers from the United States and China, government data showed Tuesday. Outbound shipments of the Korean rice wine came to US$12.25 [...]
SEOUL, Jul. 30 (Korea Bizwire) — An unconventional section has made its way into the fresh meat category at Hyundai Department Store’s Mokdong branch. The new section only offers “ethical meat produced on healthy farms” certified for having guaranteed proper welfare for the animals. With an increasing number of South Koreans opting to exercise ethical [...]
SEOUL, Jul. 24 (Korea Bizwire) — A prolonged heat wave in South Korea is boosting sales of stamina food in lieu of diet products, industry data showed Tuesday. The entire country has been hit by scorching weather over the past two weeks, with daytime highs soaring above 38 degrees Celsius in Seoul and most other [...]
SEJONG, Jul. 20 (Korea Bizwire) — The total number of chickens currently being raised domestically has risen to an all-time high. According to a report released by Statistics Korea and the Korean Institute for Animal Products Quality Evaluation yesterday, the number of chickens currently being raised in the second quarter of the year (as of [...]
SEOUL, Jul. 17 (Korea Bizwire) — Food chains in South Korea are rushing to introduce more self-service kiosks as part of efforts to cut costs amid the country’s rising minimum wage, industry sources said Tuesday. The nation’s tripartite wage commission of government, management and labor decided Saturday to jack up the minimum wage for 2019 [...]
SEOUL, Jul. 13 (Korea Bizwire) — South Korea’s yearly per capita consumption of seafood has reached nearly 60 kilograms, making the nation one of the world’s largest consumers of natural sea products, ahead of Norway and Japan. These numbers were reiterated by the Norwegian Seafood Council at a press conference held yesterday in central Seoul. [...]
SEOUL, Jul. 11 (Korea Bizwire) – GS Retail Co., a major South Korean retailer, on Wednesday announced a 33 billion won (US$29 million) equity investment in a United States online retailer in its first overseas investment. GS Retail said it signed an agreement with Thrive Market, Inc. on Tuesday to buy stock in the U.S. [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korea’s communications regulator has slapped a 10 million-won (US$9,000) fine on Starbucks Coffee Korea Co. for breaching personal information of hundreds of its customers, an official said Wednesday. The Korea Communications Commission said IDs, nicknames and mobile phone numbers of 537 people were disclosed due to a technical [...]
SEOUL, Jul. 11 (Korea Bizwire) — Sales of coupons that can be used at restaurants have declined, newly released data showed Wednesday, a sign that South Koreans are eating more meals at home following the implementation of a shortened workweek. The data compiled by G-Market, a big online shopping platform, showed that sales of e-coupons [...]
SEOUL, Jul. 6 (Korea Bizwire) — An increasing number of South Korean consumers are rushing to online stores to buy fresh food products that have traditionally been purchased at large supermarkets or hypermarkets. According to mobile e-commerce company Ticket Monster, the company’s online “supermarket” that sells daily necessities via the Internet revealed today that fresh [...]