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Korean Spicy Ramyun Surging in Popularity Across the Globe

Korean Spicy Ramyun Surging in Popularity Across the Globe

SEOUL, July 14 (Korea Bizwire) – South Korea is a food lover’s paradise. And there are a wide range of delicious dishes in every corner of the country to suit every taste as its people enjoy various culinary delights anytime, anywhere. Among other things, South Korea has a wide variety of noodles on offer, including [...]

S. Korea’s Largest Cherry Blossom Festival Kicks Off on April 1st

S. Korea’s Largest Cherry Blossom Festival Kicks Off on April 1st

CHANGWON, Apr. 1 (Korea Bizwire) — The 57th Jinhae Gunhangjae (Jinhae Naval Port Festival), South Korea’s largest cherry blossom festival, begins today. Changwon, located in South Gyeongsang Province, was already bustling with tourists on March 31, who had come to enjoy the mesmerizing view of some 360,000 fully-bloomed cherry blossom trees. In particular, the view [...]

S. Korea Recaptures No. 1 Spot in Shipbuilding Orders in 2018

S. Korea Recaptures No. 1 Spot in Shipbuilding Orders in 2018

SEOUL, Jan. 8 (Korea Bizwire) — South Korean shipyards, for the first time in seven years, ranked No. 1 in 2018 in terms of annual orders secured, industry data showed Tuesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilders clinched new orders totaling a combined 12.63 million compensated gross [...]

Hydrogen Coming to Green Belt LNG Stations

Hydrogen Coming to Green Belt LNG Stations

SEJONG, Nov. 28 (Korea Bizwire) — Starting next month, hydrogen filling stations will be permitted for installation at existing green belt LNG stations. The Ministry of Land, Infrastructure and Transport announced that an amendment bill lifting restrictions on hydrogen filling stations in green belt areas was approved on Tuesday, and scheduled to take effect next [...]

Imported Beef Tops Korean Hanwoo in Sales

Imported Beef Tops Korean Hanwoo in Sales

SEOUL, Nov. 23 (Korea Bizwire) — A recent study has revealed that South Korean consumers are increasingly turning to imported beef over domestic varieties. In certain distribution channels, imported meat sales are even surpassing sales of Korean beef. TMON Inc., a popular e-commerce company, said on Thursday that imported beef sales comprised as much as [...]

Regulator to Ease Rules on Private Equity Funds

Regulator to Ease Rules on Private Equity Funds

SEOUL, Sept. 27 (Korea Bizwire) — The financial regulator said Thursday it will ease some rules on local private equity funds, with the aim of removing outdated restrictions on the industry and spurring competition with foreign rivals. Under the move, the Financial Services Commission (FSC) said it will allow local private equity funds to have [...]