IKSAN, July 18 (Korea Bizwire) – McDonald’s Korea’s latest local specialty, the “Iksan Sweet Potato Mozzarella Burger,” has become a viral sensation on social media, surpassing 500,000 units sold within just four days of its release on July 10. The burger is now poised to reach the one-million mark by this weekend, according to officials [...]
CHUNCHEON & SEOUL, July 16 (Korea Bizwire) — LG CNS, the digital transformation arm of LG Group, is stepping into the burgeoning insect industry with plans to construct a cutting-edge smart insect farm in Chuncheon, Gangwon Province, aimed at automating and digitizing the mass production of edible insects such as mealworms. The initiative marks the company’s [...]
SEOUL, July 15 (Korea Bizwire) — Sulbing Co., a South Korean dessert cafe chain, said Tuesday it plans to enter the Philippine market this year as part of its overseas expansion strategy. Sulbing has signed a master franchise (MF) agreement with Beyond Bingsu Cafe Inc., an affiliate of Philippines’ Fredley Group of Companies, to open [...]
SEOUL, July 15 (Korea Bizwire) — Apartment sales in Seoul have surged to a record-high share of the housing market in 2024, as concerns over rental fraud and weakening demand for non-apartment housing deepen a long-standing shift toward high-rise units. According to data released July 14 by South Korea’s Ministry of Land, Infrastructure and Transport, [...]
JECHEON, July 10 (Korea Bizwire) — As South Korea grapples with intensifying summer heatwaves, livestock farmers are sounding the alarm over rising animal deaths and declining productivity, highlighting the toll of climate change on the agricultural sector. In Jecheon City, North Chungcheong Province, farmer Won Jang-yeon looked on with concern as the digital thermometer in [...]
YOUNGDEOK, July 10 (Korea Bizwire) — What was once dubbed the “lottery of the sea” has become a costly dilemma for South Korean fishermen along the country’s eastern coast. A surge in bluefin tuna catches, driven by changing sea temperatures, is clashing with outdated government-imposed fishing quotas, forcing fishermen to discard valuable catches — and [...]
SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]
SEOUL, July 1 (Korea Bizwire) — A growing wave of discontent is brewing in South Korea’s café culture over so-called “café villains” — patrons who turn coffee shops into de facto personal offices, setting up laptops, monitors, and even partition screens for extended stays. The controversy reignited after a viral photo showed a customer occupying [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it has acquired a Norwegian hot water storage company to strengthen its foothold in the European air and water heating markets. The company said it acquired a 100 percent stake in OSO Group AS, a firm known for [...]
SEOUL, June 28 (Korea Bizwire) — Hyundai Motor Group has been named to TIME magazine’s prestigious TIME100 Most Influential Companies of 2025, joining the Leaders category alongside global powerhouses. The South Korean auto giant was the only Korean company to make this year’s list, reinforcing its standing as a dominant force in the global automotive [...]