SEOUL, Aug. 29 (Korea Bizwire) — What would be the best-selling instant noodles at convenience store chain GS25? It is easy to think of Shin Ramyun, or Jin Ramyun, both popular options. But the answer is Hot Chicken Flavor Ramen, Samyang Foods Co.’s top-selling noodle product among 107 instant noodle offerings. There is one thing [...]
SEOUL, Aug. 28 (Korea Bizwire) — The convenience store industry will exclude Japanese beers from promotional events next month in consideration of worsening public sentiment toward Japan. According to retail industry sources on Tuesday, major convenience store chains such as CU, GS25 and 7-Eleven excluded Japanese beers such as Asahi, Sapporo and Kirin Ichiban from [...]
SEOUL, Aug. 28 (Korea Bizwire) — Naver Corp., South Korea’s top web portal operator, introduced a new artificial intelligence (AI) call technology that automatically responds to customer calls for restaurant reservations. If a customer asks to make a reservation, the AI responds by asking the time of reservation, number of people, and if a baby [...]
POHANG, Aug. 28 (Korea Bizwire) — A damages suit involving the earthquake in Pohang, North Gyeongsang Province on November 15, 2017 was filed. The trial is finally starting one year and nine months after the quake, as a government research team announced belatedly that ‘the operation of the geothermal power plant brought about an earthquake’, and [...]
SEOUL, Aug. 27 (Korea Bizwire) — People between the ages of 18 and 24 are most likely to use paid video content platforms such as Netflix, the flagship over-the-top (OTT) service. According to a report released Monday by the Korea Information Society Development Institute, Koreans aged 18 to 24, accounting for 34.5 percent, were among [...]
SEOUL, Aug. 27 (Korea Bizwire) — The beverage industry’s “fat can” trend, are aimed at “heavy users,” is leading to a drop in the popularity of slim cans. With the prolonged economic downturn, cost-effectiveness is becoming an underlying concern for consumers, and more and more are looking at cost over volume. Furthermore, with consumption trends [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong called on the company’s display unit Monday to redouble efforts to tide over its current crisis by developing new technologies. Lee, the de facto head of South Korea’s top conglomerate Samsung Group, made the call during a visit to Samsung Display Co.’s factory [...]
SEOUL, Aug. 26 (Korea Bizwire) — Arming with the right technology and data is critical for survival in the digital age, and that’s why more South Korean companies are scurrying to shift their IT portfolio to cloud computing space to meet a new set of business demands and bring innovation quickly. Cloud computing allows companies [...]
SEOUL, Aug. 26 (Korea Bizwire) — Korean horse racing was broadcast worldwide via CNN International on Sunday. CNN’s “Winning Post: An Elegant Life Team” visited the Korea Racing Authority (KRA) last month to document activities over three days. Korean horse racing was introduced along with Seoul’s Gyeongbok Palace, Gwangjang Market, and other major tourist destinations. [...]
SEOUL, Aug. 26 (Korea Bizwire) – In a symbolic move to show the government’s determination to help foster South Korea’s parts and materials production industry against Japan’s export restrictions, President Moon Jae-in on Monday invested 50 million won (US$41,135) in a relevant stock fund. He visited the headquarters of NH Nonghyup Bank in Seoul and subscribed [...]