SEOUL, Jan. 21 (Korea Bizwire) – South Korea’s exports of kimchi set a new record in 2023 amid the rising popularity of Korean entertainment content around the globe, data showed Sunday. Outbound shipments of kimchi, a traditional Korean side dish typically made from fermented cabbage, shot up 7.1 percent to 44,041 tons, according to the [...]
SEOUL, Jan. 19 (Korea Bizwire) — The Ministry of Oceans and Fisheries (MOF) in South Korea has announced plans to invest 2.4 billion won, an increase of 1 billion won from last year, into its Overseas Fisheries Resource Survey project for 2023. This initiative aims to pioneer new fishing grounds, particularly focusing on East Africa, including the [...]
SEOUL, Jan. 18 (Korea Bizwire) — Samsung Heavy Industries Co., the world’s third-largest shipbuilder by orders, said Thursday it has received a 315 billion-won (US$235 million) order to build two gas carriers in the Oceania region. The two very large gas carriers (VLACs) will be delivered to an unidentified shipper in the Oceania region by [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s beer imports from Japan soared last year to regain its leading position in the country’s import beer market after five years, according to the customs office Wednesday. The resurgence of Japanese beer products appears to have benefited from the release of a viral video showing a worker [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s leading mobile carrier SK Telecom Co. said Wednesday it has signed a strategic partnership with a U.S. animal health care firm in a bid to enter the American pet market with its artificial intelligence (AI)-based veterinary care service “X Caliber.” Under the memorandum of understanding with Vetology [...]
SEOUL, Jan. 16 (Korea Bizwire) — Starbucks Korea is set to implement an eco-friendly initiative that rewards customers using their personal cups with unique Non-Fungible Tokens (NFTs). Starting from January 16, Starbucks Rewards members who accomplish the eco stamp collection mission by using their own cups will receive Starbucks-branded NFTs. Customers can collect up to three eco [...]
SEOUL, Jan. 16 (Korea Bizwire) — 11Street Co., a South Korean e-commerce company, said Tuesday it has filed a complaint with the anti-trust regulator over its bigger rival Coupang, Inc.’s alleged unfair practices. New York-listed Coupang has recently released the comparison between the maximum commission rates it receives from its product suppliers and competitors’ rates [...]
WONJU, Jan. 16 (Korea Bizwire) — Despite opposition to a new bottled water factory, the decision by Gangwon Province to grant a temporary permit to a spring water development company has sparked intense protests from residents of Sillim-myeon in Wonju, Jucheon-myeon and Mureungdowon-myeon in Yeongwol, and Songhak-myeon in North Chungcheong Province. The Kolmar BNH Bottled Water Factory [...]
SEOUL, Jan. 15 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Monday it has received a 310 billion-won (US$235 million) order to build two liquefied petroleum gas carriers for a shipper in the Middle East. The two LPG ships will be built at the shipyard of HD Hyundai Heavy Industries [...]
SEOUL, Jan. 15 (Korea Bizwire) — President Yoon Suk Yeol said Monday that a semiconductor industry cluster being built outside Seoul is expected to create at least 3 million jobs over the next 20 years. Yoon made the remark during a policy debate held at Sungkyunkwan University’s Natural Sciences Campus in Suwon, 30 kilometers south [...]