SEOUL, April 25 (Korea Bizwire) – The South Korean market of ice cream has seen growth in the last two years thanks to the spread of indoor activities in the pandemic era. The Korea Agro-Fisheries & Food Trade Corp. and industry tracker Euromonitor International reported that last year’s South Korean ice cream market was worth [...]
SEOUL, April 25 (Korea Bizwire) — South Korea’s exports of instant noodles soared 20 percent on-year in March on the global popularity of Korean pop culture amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$71.58 million worth of instant noodles, or “ramyeon” in Korean, last month, up from $59.62 million a year [...]
SEOUL, April 24 (Korea Bizwire) — South Korean brokerages posted a 62 percent on-year gain in their combined overseas net profit last year on increased stock trading amid the COVID-19 pandemic, the financial regulator said Sunday. The country’s 13 securities companies reported US$305.9 million in overall overseas net income in 2021, up from $188.5 million [...]
WASHINGTON, April 22 (Korea Bizwire) — The United States’ approval rating in South Korea jumped at one of the steepest rates among Asian countries in 2021, a poll showed Friday. The approval rating of U.S. leadership in South Korea climbed to 59 percent last year from 30 percent a year earlier, according to Gallup. The increase [...]
SEOUL, April 22 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, and U.S. entertainment conglomerate Walt Disney Co. have teamed up to promote LG’s OLED TVs. The two companies announced Thursday that they will begin a joint promotion of LG’s OLED TVs as Disney+, the flagship streaming service of [...]
SEOUL, April 22 (Korea Bizwire) — The Seoul Metropolitan Government said Thursday that it had opened up a new AR Museum comprised of various artifacts and artworks owned by popular museums and galleries virtually rendered through augmented reality (AR) technology. Some nine private museums and galleries in Seoul are participating in the project to produce [...]
SEOUL, April 22 (Korea Bizwire) — Daewoo Engineering & Construction Co., a major builder in South Korea, said Thursday that it developed and launched “Meta Gallery” service, a model house using a video game engine for virtual experiences. This first-person view (FPV) service allows users to move around a virtual space just like playing a [...]
SEOUL, April 21 (Korea Bizwire) – The number of obese people in South Korea more than doubled between 2017 and 2021, a trend exacerbated by the coronavirus pandemic, data showed Thursday. According to the Health Insurance Review and Assessment Service, the number of overweight patients increased from 14,966 in 2017 to 31,170 last year. The [...]
SEOUL, April 21 (Korea Bizwire) — Major South Korean firms’ labor costs rose nearly 13 percent in 2021 from a year earlier, but their hiring activities remained sluggish, a corporate tracker said Thursday. The combined labor cost of 120 companies, which are the top businesses in the country’s key 12 industrial sectors by revenue, amounted [...]
SEOUL, April 21 (Korea Bizwire) — A convention of the Korean wave or “hallyu” in Korean, organized by a group of K-pop fans, was held last weekend at a convention center in Monterrey, northeast Mexico. The event, “Hallyu Expo,” which took place for the first time this year, was organized by three 30-something K-pop fans [...]