SEOUL, March 16 (Korea Bizwire) — South Korean exports ranging from entertainment and sports to alcohol are finding success in Vietnam. Recent media reports stated that “Go Go Sisters”, a Vietnamese adaptation of the 2011 South Korean coming-of-age blockbuster “Sunny”, took pole position at Vietnam’s box office in the first weekend after its release. In [...]
DAEJEON/SEOUL, March 16 (Korea Bizwire) – The current chief of KT&G Corp. was reappointed to head the South Korean tobacco maker for another three years, the company said Friday. Baek Bok-in’s reappointment was approved by a regular meeting of shareholders in Daejeon, central South Korea, earlier in the day, it said. The company is South Korea’s largest tobacco and ginseng product manufacturer, [...]
BUSAN, March 16 (Korea Bizwire) – Busan Port, South Korea’s maritime gateway, will modernize its network infrastructure to efficiently handle cargo traffic and improve safety, the oceans ministry said Friday. The Ministry of Oceans and Fisheries said it will use the Internet of Things (IoT) technology to upgrade the southeastern port’s cargo management system in [...]
SEOUL, Mar. 15 (Korea Bizwire) — Starbucks Coffee Korea posted a record operating profit last year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Thursday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 114.4 billion won (US$107 million) in operating profit on 1.2 trillion won [...]
SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s convenience store (CVS) chains are increasing the number of outlets selling instant brewed coffee amid growing popularity of the cheap beverage, industry sources said Thursday. South Korea’s largest convenience store chain, CU, said it will raise the number to more than 12,000, from the current 8,000, by [...]
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. [...]
TOKYO, March 6 (Korea Bizwire) — More than 100 South Korean food companies joined a food fair in Chiba, Japan, on Tuesday as Korean food is regaining popularity here helped by the growing popularity of “hallyu.” South Korea’s exports of food items to Japan surpassed the US$2 billion mark last year, the highest since 2012, [...]
SEOUL, Feb. 26 (Korea Bizwire) – Going forward, egg farms will be required to provide the date when the egg was laid and information on the hen’s living environment on egg shells. The Ministry of Food and Drug Safety stated on February 23 it had issued an official notification regarding modifications to livestock and poultry [...]
SEOUL, Feb. 26 (Korea Bizwire) – Going by the revenues convenience store chain 7-Eleven pulled in from February 9 through 24 – the dates when key South Korean performances were held at the PyeongChang 2018 Winter Olympics – the winter sport category most rooted for was women’s curling. An analysis tracking the fluctuations in sales [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea will appeal the World Trade Organization’s ruling on its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster and keep them in place until a final decision is made, Seoul’s trade ministry said Friday. Japan officially lodged a complaint at the WTO in 2015 to [...]