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Exports of Korean Instant Noodles Hit Fresh All-time High in H1

Exports of Korean Instant Noodles Hit Fresh All-time High in H1

SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s exports of instant noodles hit a fresh all-time high in the first half on the increasing popularity of Korean pop culture and a rise in demand for home-cooked food amid the pandemic, data showed Sunday. Exports of instant noodles, or “ramyeon” in Korean, came to US$383.4 million [...]

1 Out of 8 Mid-aged People Borrowed Money to Tide over Pandemic: Survey

1 Out of 8 Mid-aged People Borrowed Money to Tide over Pandemic: Survey

SEOUL, Aug. 7 (Korea Bizwire) — About one out of eight mid-aged people in South Korea has borrowed money due to economic challenges caused by the coronavirus pandemic, a survey showed Sunday. According to the survey of 3,923 people by the Korea Institute for Health and Social Affairs, 12.5 percent of people in their 40s [...]

Incheon Airport Passenger Traffic Lower than Forecast During Peak Summer Season

Incheon Airport Passenger Traffic Lower than Forecast During Peak Summer Season

SEOUL, Aug. 5 (Korea Bizwire) — Passenger traffic at Incheon International Airport, South Korea’s main gateway, is expected to be significantly lower than forecast during this year’s peak summer vacation season, officials said Friday, apparently due to the recent resurgence of COVID-19. Incheon International Airport Corp. had previously predicted that a daily average of about [...]

7-Eleven’s ‘Mykeyring’ Character Products Top 2 mln Mark in Cumulative Sales

7-Eleven’s ‘Mykeyring’ Character Products Top 2 mln Mark in Cumulative Sales

SEOUL, Aug. 5 (Korea Bizwire) — Convenience store chain 7-Eleven said Thursday that the cumulative sales of its “mykeyring” character products had passed the 2 million mark. 7-Eleven released the industry’s first “Pokemon Surprise” mykeyring last month and started selling “Jjanggu” and “Sanrio” mykeyring products in May. These products were developed on the basis of [...]

Discarded Currency Down 14.1 pct in H1 amid Increase in Non-cash Payments

Discarded Currency Down 14.1 pct in H1 amid Increase in Non-cash Payments

SEOUL, Aug. 4 (Korea Bizwire) — The amount of bills and coins discarded due to severe damage shrank 14.1 percent on-year in the first half amid increased prevalence of non-cash transactions, data showed Thursday. A total of 191.66 million damaged bills and coins were discarded in the January-June period, compared with 223.10 million tallied in [...]

First 10 Days of This Year’s July Hottest on Record

First 10 Days of This Year’s July Hottest on Record

SEOUL, Aug. 4 (Korea Bizwire) — South Korea experienced the hottest first 10 days of July on record last month, according to the state weather agency Thursday. The average temperature for July 1-10 was 27.1 C, the hottest since the Korea Meteorological Administration (KMA) began expanding observations nationwide in 1973. The average temperature — figured [...]