SEOUL, Feb. 29 (Korea Bizwire) — South Korea’s exports of instant noodles jumped nearly 40 percent on-year to reach a record high in January on the growing popularity of Korean culture and food, data showed Thursday. Exports of instant noodles, or “ramyeon” in Korean, amounted to US$86 million last month by rising 39.4 percent on-year, [...]
SEOUL, Feb. 29 (Korea Bizwire) – In a groundbreaking move aimed at enhancing operational efficiency in the face of declining profitability, NCSoft, a leading South Korean video game developer, has announced its intention to reduce the compensation limit for its directors for the first time since the company’s inception. The decision, revealed through a notice of [...]
SEOUL, Feb. 28 (Korea Bizwire) — Facebook founder Mark Zuckerberg will likely meet with business officials from leading South Korean tech companies and startups, including Samsung Electronics Co., during his visit to Seoul, industry sources said Wednesday. The CEO of Meta Platforms, Facebook’s parent company, arrived in South Korea on Tuesday night following his visit [...]
SEOUL Feb. 28 (Korea Bizwire) – South Korea and the United Arab Emirates (UAE) have recently held high-level meetings involving bilateral cooperation in the areas of railway construction, infrastructure and energy, officials said Wednesday. Park Sang-woo, South Korea’s land, infrastructure and transport minister, met with Suhail Mohamed Al Mazrouei, minister of energy and infrastructure of [...]
SEOUL, Feb. 28 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of its latest Galaxy S series smartphones have exceeded 1 million units in South Korea within just 28 days of their launch. The Galaxy S24 series, which was unveiled on Jan. 16, reached the 1 million mark on the previous day, beating the [...]
SEOUL, Feb. 28 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Wednesday its fourth-quarter net profit more than doubled from a year earlier and it shifted to an annual profit for the first time since its foundation on increased subscribers and growth in new businesses. Net profit for the three months ended in [...]
SEOUL, Feb. 28 (Korea Bizwire) – Starbucks Korea has announced a temporary halt in the sales of Perrier, a popular brand of sparkling water, starting this month due to emerging quality control issues reported by the brand’s overseas manufacturer. Perrier, a sparkling water product produced in France, holds the top market share in the global sparkling [...]
SEOUL, Feb. 27 (Korea Bizwire) — South Korea’s business sentiment remained pessimistic for March due to prolonged concerns over a slowdown of the global economy, a poll showed Tuesday. The business survey index (BSI) for the country’s top 600 companies by sales stood at 97 for March, up 4.7 points from this month, according to [...]
SEOUL, Feb. 26 (Korea Bizwire) – In an era where technological advancements are rapidly reshaping industries, companies are intensifying their efforts to secure top talent, particularly in artificial intelligence and other cutting-edge fields. The recruitment of experienced professionals has become more dynamic, with firms expanding their hiring scope and, in some cases, forgoing traditional recruitment cycles [...]
SEOUL, Feb. 26 (Korea Bizwire) – As K-pop continues to capture hearts worldwide, the food and beverage industry is keenly leveraging this global phenomenon by collaborating with K-pop artists to target international markets. Coca-Cola is setting a prime example by launching a special edition product named ‘Coca-Cola Zero K-Wave’ in 36 countries, drawing inspiration from [...]