SEOUL, April 10 (Korea Bizwire) — Traditional food once popular only among older generations is gaining popularity among the youth, including “yakgwa,” a deep-fried, wheat-based Korean confection. Yakgwa sales at convenience store chain CU between March 29 and April 5 jumped by 248.3 percent compared to last year. Its sales at GS25 also jumped by [...]
SEOUL, April 10 (Korea Bizwire) — South Korean convenience store chains are continuing discount promotions for popular alcoholic beverages, including whisky and wine. CU sold 1,600 bottles of some 30 popular whiskies and wines at 30 stores in the Seoul region last weekend at a discount rate of up to 30 percent. Balvenie 12-Year-Old Double [...]
SEOUL, April 6 (Korea Bizwire) — The price of “jajangmyeon,” a Chinese-Korean fusion dish of noodles in black bean sauce, is now 60 times higher than 50 years ago, data showed Wednesday. The average price of a single bowl of jajangmyeon this year was 6,361 won (US$4.82). The price of jajangmyeon was no more than [...]
JEJU, March 31 (Korea Bizwire) — A growing number of seniors over 60, city dwellers and high income earners prefer a monthlong stay on Jeju Island, according to recent data. The Jeju Tourism Organization estimated that as many as 9.3 million people visited the island during the period from August 2021 to July 2022, based [...]
SEOUL, March 27 (Korea Bizwire) — With travel resuming in the post-pandemic era, a number of multinational hotel chains are opening new properties in South Korea. Last November, a 15-story building near the Chinese Embassy in central Seoul became the new home of Le Méridien & Moxy Seoul Myeongdong. Le Méridien & Moxy are two [...]
SEOUL, March 24 (Korea Bizwire) — South Korean casino operators are showing signs of recovering from COVID-19 losses, thanks to the increase in the number of domestic and international tourists. Kangwon Land Inc. returned to profitability last year by recording an operating profit of 217.6 billion won (US$168 million), according to the Financial Supervisory Service. [...]