SEOUL, May 3 (Korea Bizwire) — South Korean shipbuilders have been exploring opportunities to enter the U.S. Navy’s maintenance, repair and overhaul (MRO) market, aligning with the United States’ efforts to revitalize its declining shipbuilding industry through collaboration with its Asian allies. HD Hyundai Heavy Industries Co. (HHI) and Hanwha Ocean Co. are pursuing partnership [...]
SEOUL, May 3 (Korea Bizwire) — Companies will be fined for reducing packet contents while maintaining retail prices without notice in South Korea as the government seeks to eradicate “shrinkflation” practices to better ensure consumer rights, the antitrust regulator said Friday. Under the envisioned revision of relevant regulations, manufacturers of daily necessities, including milk, coffee, [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s exports of agricultural products rose 6.2 percent on-year in the first four months of 2024 to set a fresh high, driven by growing demand for processed foodstuffs, including instant noodles, data showed Thursday. The combined exports of agricultural goods came to US$3.12 billion over the January-April period, [...]
SEOUL, May 2 (Korea Bizwire) — A kids’ activity kit being sold by a Chinese e-commerce giant has been found to contain lead about 158 times higher than permitted levels, the Seoul city government said Thursday. The city announced the findings after conducting safety tests on nine children’s products currently available for sale on AliExpress [...]
SEOUL, May 2 (Korea Bizwire) – For those sensitive to caffeine or seeking to enjoy coffee without its stimulant effects, Starbucks in South Korea offers a decaffeinated option – one out of every 11 Americanos sold is now a decaf version. Starbucks announced on May 1 that the cumulative sales of decaffeinated coffee in South Korea [...]
SEOUL, May 2 (Korea Bizwire) – An investigation by the Korea Consumer Agency has revealed that “zero sugar” soju, a Korean distilled rice liquor marketed as sugar-free, offers little advantage in terms of calories or sugar content compared to regular soju. In a test of five zero-sugar soju brands sold in South Korea, the agency confirmed [...]
SEOUL, May 1 (Korea Bizwire) — Hollys, the coffee business unit of South Korea’s KG Group, said Wednesday it has opened its first overseas outlet in Japan as it seeks to expand in global markets in the long term. Hollys has partnered with local bakery brand Gouter d’ Anatole to begin providing coffee and bread [...]
SEOUL, Apr. 30 (Korea Bizwire) – South Korea’s industrial makeup grew more service-driven during the Covid-19 pandemic as the healthcare and remote service sectors expanded while manufacturing contracted, central bank data has revealed. The share of services in the country’s total output climbed 4.4 percentage points to 49.3% in 2020 from 44.9% five years earlier, according [...]
SEOUL, Apr. 30 (Korea Bizwire) — Ediya Coffee, South Korea’s third-largest coffee franchise by sales, said Tuesday it will adopt the Taiwanese QR payment method TWQR in its domestic outlets starting next month. It is the first time for a Korean coffee franchise to introduce the TWQR system for the convenience of Taiwanese tourists, the [...]
BUSAN, Apr. 29 (Korea Bizwire) – A nationwide survey conducted by the Korea Maritime Institute (KMI) to mark its 40th anniversary has revealed that mackerel, often referred to as the “people’s fish,” is the most popular seafood among South Koreans. According to the survey results on public perceptions released on April 28, 14% of respondents chose [...]