SEOUL, Oct. 28 (Korea Bizwire) — Popular Korean snacks in the winter are rising in price, further discouraging consumer spending in South Korea. As recently as last year, 1,000 won (US$0.70) was enough to buy three fish-shaped buns, called “bungeoppang” in Korean, in downtown Seoul. Now, 1,000 won buys only one or two of them. [...]
SEOUL, Oct. 28 (Korea Bizwire) – Lotte Confectionery Co., a major South Korean snacks and ice cream maker, said Thursday it is holding a broad promotional campaign in foreign countries like Kazakhstan, Taiwan, the Philippines and Singapore ahead of Pepero Day. Pepero, the brand’s longtime best seller, is a thin cookie stick with an outer [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s pet product exports increased 56 percent on-year through September to set a new record, data showed Friday, as more people adopted pets to find comfort amid the COVID-19 pandemic. Outbound shipments of pet products reached US$116 million over the January-September period, surpassing $111 million posted for all [...]
SEOUL, Oct. 28 (Korea Bizwire) – The Korea Agriculture Technology Promotion Agency has developed an artificial intelligence (AI)-based mandarin orange sorting machine that is now used at a packing house in Seogwipo on Jeju Island. The agency developed an AI system that can detect common defects on mandarin oranges with an accuracy rate of 99 [...]
BUSAN, Oct. 27 (Korea Bizwire) — A stair-climbing competition for firefighters took place at Haeundae LCT, a 101-story tall seaside skyscraper complex in Busan on Wednesday. A total of 670 firefighters from across the country participated in a race to climb 2,372 stairs from the first floor to the 100th floor. For firefighters wearing a [...]
SEOUL, Oct. 27 (Korea Bizwire) — Padded and non-padded coat sales are on the rise as more consumers are preparing for the early coming of winter. Shinsegae International Inc., the apparel arm of retail giant Shinsegae, said Wednesday that its fashion brands VOV, STUDIO TOMBOY, ILAIL, Della Lana and G-CUT’s sales between Oct. 1-23 jumped [...]
SEOUL, Oct. 27 (Korea Bizwire) — More than three quarters of North Korea’s missile tests conducted since 1984 were deemed to be successful, data showed Thursday, in an apparent sign of progress in Pyongyang’s relentless push for advanced weapons systems. The U.S.-based James Martin Center for Nonproliferation Studies produced the data on the North’s testing [...]
SEOUL, Oct. 27 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it had launched the collection and recycling of waste mobile phones by installing waste mobile product collection boxes dubbed Eco Boxes at its service centers in 34 countries, including the U.S. and Brazil. The tech giant plans to extend the list of countries that [...]
SEOUL, Oct. 26 (Korea Bizwire) – The number of undocumented immigrants in South Korea has exceeded the 400,000 mark, data showed Tuesday. The Korea Immigration Service reported there were 2,172,000 foreigners residing in South Korea as of late September, up by 2.3 percent from August. Among them, 402,755 foreigners were undocumented and had failed to [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Motor Group unveiled the electrified Genesis G80 limousine, the official escort vehicle for the upcoming G20 summit scheduled for next month in Bali, Indonesia. Hyundai held a ceremony on Tuesday in Jakarta to deliver the vehicles. The company sent 44 units of long wheel-based G80, 87 units of [...]