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 [...]
SEOUL, Apr. 29 (Korea Bizwire) — CJ Foodville, the restaurant arm of food and entertainment conglomerate CJ Group, said Monday its bakery franchise Tous les Jours will reopen five outlets in Cambodia this year under a contract with a new local partner. CJ Foodville has signed a master franchise deal with Cambodia’s Express Food Group [...]
SEOUL, Apr. 29 (Korea Bizwire) — Retail sales in South Korea rose 10.9 percent on-year in March on the back of stronger demand for travel and entertainment services from online platforms, data showed Monday. The combined sales of 25 major offline and online retailers came to 15.8 trillion won (US$11.45 billion), compared with 14.2 trillion [...]
SEOUL, Apr. 26 (Korea Bizwire) – Baemin (Baedal Minjok), South Korea’s leading food delivery platform, is launching a new subscription service called “Baemin Club” that will provide unlimited discounts on delivery fees. The announcement was made on Tuesday by Woowa Brothers, the company that operates Baemin. The primary benefits of the subscription include free delivery fees [...]
SEOUL, Apr. 26 (Korea Bizwire) — McDonald’s Korea said Friday it will raise the prices of 16 menu items by an average of 2.8 percent from May 2 due to higher logistics and labor costs. The 16 menu items subject to price hikes include the Egg Bulgogi Burger, Bulgogi Burger, Cheese Burger and Triple Cheese [...]
SEOUL, Apr. 25 (Korea Bizwire) – The price of mango bingsu (shaved ice desserts) at upscale hotels in South Korea has been steadily climbing, with a new offering from Signiel Seoul now costing a staggering 130,000 won. According to hotel industry reports from April 24, Signiel Seoul began selling its ‘Signature Jeju Apple Mango Bingsu’ for [...]
SEOUL, Apr. 25 (Korea Bizwire) – AliExpress, the Chinese e-commerce platform, has substantially boosted the capital of its South Korean subsidiary. According to the distribution industry on April 24, the AliExpress subsidiary in South Korea recently carried out a capital increase worth 33.4 billion won. This represents the largest capital injection since the establishment of the [...]
SEOUL, Apr. 25 (Korea Bizwire) – The consumer advocacy group Citizens United for Consumer Sovereignty (CUCS) has filed complaints against the Chinese e-commerce platforms AliExpress and Temu with the Jongno Police Station in Seoul. The group alleges violations of South Korea’s Personal Information Protection Act and the Act on Promotion of Information and Communications Network Utilization [...]