SEOUL, Sept. 2 (Korea Bizwire) — Kyochon Chicken, one of South Korea’s largest fried chicken chains, has begun allowing franchise owners to set their own menu prices on delivery apps, joining a move pioneered earlier this year by rival bhc. The shift, described as a “self-determined pricing system,” reflects mounting tensions between franchise headquarters and [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s battery makers, long buoyed by global demand for electric vehicles, are bracing for a sharp downturn after the United States abruptly ended tax credits for EV purchases, a move analysts warn could choke demand for Korean cells. In a report released Sunday, the Korea Institute for Industrial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Orion’s flagship K-snack, Turtle Chips, has secured shelf space in all 1,200 Carrefour stores across France, marking the first time a single Korean snack brand has been simultaneously stocked in every outlet of the French retail giant. The breakthrough comes after Carrefour’s buyers gave the four-layered snack high marks for [...]
SEOUL, Sept. 2 (Korea Bizwire) — Worker productivity at South Korea’s five largest commercial banks jumped nearly 27 percent in the first half of 2025, topping 200 million won ($147,000) per employee for the first time, according to regulatory filings. The gains narrowed a long-standing gap with internet-only banks, whose per-capita profit, while still higher [...]
BUSAN, Sept. 2 (Korea Bizwire) — South Korea’s state-run Korea Ocean Business Corporation (KOBC) said Monday it will roll out a pilot program this year that allows ordinary citizens to become shipowners through fractional investment. The initiative, to be conducted under existing securities and asset securitization laws, will issue profit-linked securities backed by vessels already [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Department Store said Monday it will stage a special “The Hyundai Global Stage” at the upcoming Tokyo Girls Collection (TGC), marking the first time the Japanese fashion showcase will dedicate a runway to Korean brands. The event, set for Sept. 6 at Saitama Super Arena near Tokyo, is Japan’s [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Monday launched a new public-private consultative body aimed at fostering cooperation in the future mobility sector together with government agencies, businesses and research institutions to address transportation challenges. The launch ceremony for the alliance, named the Next Urban Mobility Alliance (NUMA), was [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Monday launched a new public-private consultative body aimed at fostering cooperation in the future mobility sector together with government agencies, businesses and research institutions to address transportation challenges. The launch ceremony for the alliance, named the Next Urban Mobility Alliance (NUMA), was [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Rotem Co., South Korea’s sole tank manufacturer, said Monday it will unveil a localized mock-up of its K2 tank for Poland this week, following an 8.98 trillion-won (US$6.5 billion) deal last month to export the product to the Eastern European country. The company plans to showcase the K2PL [...]
SEOUL, Sept. 1 (Korea Bizwire) — Uncertainty surrounding the United States’ trade policy alone is estimated to reduce South Korea’s economic growth rate by about 0.13 percentage point this year, the central bank said Monday. In late July, Seoul and Washington reached a crucial agreement in which the U.S. imposes a 15 percent tariff on [...]