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South Korea ranked No.1 in instant noodle consumption

South Korea ranked No.1 in instant noodle consumption

SEOUL, Sep. 13 (Korea Bizwire) — It turns out that Korean people, well known for their “pali pali” or “hurry, hurry” culture, are really into a bowl of instantly made noodle called ramen. The World Instant Noodles Association announced that Korean people topped a list in terms of average yearly volume of ramen intake, consuming 74.1 packet [...]

Korean Gov’t to Raise Cigarette Price by 80% to 4,500 Won

Korean Gov’t to Raise Cigarette Price by 80% to 4,500 Won

SEOUL, Sep 12 (Korea Bizwire) – The government has finally decided to raise the cigarette price by 2,000 won from January next year. On September 11, Minister of Health & Welfare Moon Hyung-pyo announced a comprehensive plan to discourage smoking. He said in an economic ministers meeting on the same day, “Effective on January 1, 2015, [...]

“Well-being Fabrics” All the Rage among Parents with Small Children

“Well-being Fabrics” All the Rage among Parents with Small Children

SEOUL, Sep. 9 (Korea Bizwire) – The so-called “well-being fabrics” are in vogue. Extracted from natural materials such as organic cotton, milk, soybeans, bamboo, banana leaves, and even charcoal, the fabrics made from alternative sources are lighter and higher in air permeability. They are also excellent in soft touch when worn by children.  Of all [...]

One out of Three Smokers Says “I Will Quit If Cigarette Price Goes up to 4,500 Won”

One out of Three Smokers Says “I Will Quit If Cigarette Price Goes up to 4,500 Won”

SEOUL, Sep. 8 (Korea Bizwire) – As the government is preparing to raise the cigarette price by 80 percent to 4,500 won (US$4.39), a survey said one out of three smokers said they are willing to quit if the cigarette price indeed rises this time. According to the Ministry of Health & Welfare and the [...]

Samsung Electronics Mulls a Merger with Samsung Medison

Samsung Electronics Mulls a Merger with Samsung Medison

SEOUL, Sep. 3 (Korea Bizwire) – Samsung Electronics is reviewing an idea of merging Samsung Medison, an unlisted medical equipment maker. In a regulatory filing on September 2, Samsung Electronics said, “We are currently considering whether to pushing forward with a merger with Samsung Medison. We will disclose later as soon as detailed decisions are made.” The electronic [...]

Korean Menopausal Disorder Reliever to Be Shipped to Canada

Korean Menopausal Disorder Reliever to Be Shipped to Canada

SEOUL, Sept. 3 (Korea Bizwire) – EstroG-100, mixed plants extract developed by a Korean healthcare company reducing various menopausal symptoms for women, will be exported to Canada after obtaining approval from Health Canada. Recently, Natural Factors, the largest health functional food maker in Canada which takes 40 percent of market share, got a green light [...]