SEOUL, Aug. 29 (Korea Bizwire) – Baemin, South Korea’s leading food delivery application, has unveiled new insights into consumer behavior, highlighting a growing focus on cost-saving measures and personalized dining experiences. Woowa Brothers, the company behind Baemin, announced on August 28 that 7 out of 10 users now utilize the app’s search filter to find restaurants [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean film industry, once a powerhouse of global cinema, is facing a severe downturn as major studios dramatically cut back on new productions. This reduction threatens to plunge the already struggling industry into a deeper crisis, with experts predicting a significant decrease in commercial films hitting theaters in [...]
POHANG, Aug. 26 (Korea Bizwire) – On a sweltering August day, the POSCO steel mill in Pohang hums with activity. But it’s not just human workers feeling the heat — artificial intelligence is taking on some of the most challenging and dangerous tasks in this sprawling industrial complex. At a product inspection area about 15 minutes [...]
SEOUL, Aug. 26 (Korea Bizwire) — Bhc chicken, South Korea’s largest chicken franchise by sales, opened its seventh outlet in Malaysia on Monday as part of its overseas expansion strategy. The seventh store is located at the Elmina Lakeside Mall near the Southeast Asian country’s capital city of Kuala Lumpur, the company said in a [...]
SEOUL, Aug. 23 (Korea Bizwire) – A recent study has revealed a significant change in the eating habits of Seoul’s residents over the past decade, with a notable decrease in fruit consumption and an increase in meat intake. According to a report titled “Analysis of Seoul Citizens’ Dietary Habits and Policy Directions” released by the Seoul [...]
POHANG, Aug. 23 (Korea Bizwire) – “Fish farms in Pohang are on the brink of shutting down. We’re losing thousands to tens of thousands of fish daily,” lamented Lee Tae-hyung, a fish farm owner in Guryongpo-eup, Nam-gu in the city of Pohang, on August 22. Lee’s distress highlights the severe impact of recent high sea temperatures [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a bold fusion of tradition and technology, a new ‘K-convenience store’ has opened its doors in Seoul’s historic Insadong district, offering visitors a unique blend of Korean culture and cutting-edge retail experiences. GS Retail, the operator of the GS25 convenience store chain, unveiled its latest venture, Ground Blue 49, [...]
SEOUL, Aug. 21 (Korea Bizwire) – While South Korea’s beer and whisky markets have recently experienced a downturn, Japanese products are bucking the trend with growing popularity, according to recent customs data. From January to July ofthis year, imports of Japanese beer surged to $37.77 million, a 66% increase compared to the same period last year, [...]
SEOUL, Aug. 21 (Korea Bizwire) – The government said Wednesday it will provide 1.6 trillion won (US$1.2 billion) in financial support, including loans, to help vendors hit by delayed payments of e-commerce platforms TMON and WeMakePrice. The announcement came after the two firms, owned by Singapore-based Qoo10, filed for corporate rehabilitation last month after failing to [...]
SEOUL, Aug. 20 (Korea Bizwire) – Small business owners in South Korea are preparing to differentiate prices between in-store and delivery orders, a move triggered by a recent increase in commission fees by Baemin, the country’s largest food delivery platform. This collective action, set to begin on August 22, is raising concerns about potential inflationary pressures [...]