SEOUL, Jan. 11 (Korea Bizwire) — Cafe franchises are scrambling to introduce pet-related services for so-called ‘pet-fams’, or family customers with pets. Starbucks Coffee Korea’s Namyangju outlet in Gyeonggi Province, which opened last Friday, has a 330-square-meter outdoor pet park that’s open to customers and their pets. It is the first time for a Starbucks [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea is expected to become the largest importer of U.S. beef for the first time in 13 years. The U.S. Department of Agriculture and U.S. Meat Export Federation reported that a total of 253,175 tons of U.S. beef were exported to South Korea between January and November of [...]
SEOUL, Jan. 11 (Korea Bizwire) — The number of South Korean companies that returned home from their offshore operations and their investment at home hit an all-time high last year, the industry ministry said Tuesday. A total of 26 firms relocated their factories from overseas in 2021, compared with 24 the previous year, and their [...]
SEOUL, Jan. 11 (Korea Bizwire) — The number of South Koreans playing golf has increased due following the COVID-19 pandemic. In contrast, the number of individuals who enjoy swimming has declined. According to a survey conducted by the Ministry of Culture, Sports and Tourism of 9,000 Koreans over 10 years of age across the country, [...]
SEOUL, Jan. 10 (Korea Bizwire) — A food truck appeared in front of the Las Vegas Convention Center on Thursday (local time), where Consumer Electronics Show (CES) 2022 was taking place. It was brought in by SK Inc., the holding company of South Korean conglomerate SK Group, to introduce the newest food tech. The food [...]
JEJU, Jan. 10 (Korea Bizwire) — Jeju Island’s Seongsan Ilchulbong (Sunrise) Peak, a UNESCO World Heritage site and the southern resort island’s famous geographical features, was the most visited place on Jeju among tourists traveling by car last year. Big data analysis firm TDI studied big data from driving navigation platform T-map and the Jeju [...]
SEOUL, Jan. 10 (Korea Bizwire) — Sales of short-term corporate bonds in South Korea jumped more than 20 percent in 2021 from a year earlier amid the coronavirus pandemic, data showed Monday. Local companies issued 1,243.7 trillion won (US$1.04 trillion) worth of short-term bonds, up 20.6 percent from a year earlier, according to the data [...]
SEOUL, Jan. 10 (Korea Bizwire) — Foreign direct investment (FDI) pledges made to South Korea surged 42.3 percent in 2021 from a year earlier to reach an all-time high, data showed Monday. Foreigners pledged to invest US$29.51 billion in South Korea in 2021, compared with $20.7 billion a year earlier, according to the data by [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports of instant noodles reached an all-time high in the first 11 months of 2021 on their global popularity amid the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy exported US$607.9 million worth of instant noodles, or “ramyeon” in Korean, in the January-November period, up 10.6 percent [...]
SEOUL, Jan. 10 (Korea Bizwire) — The competition rate for admission to private elementary schools in Seoul has marked a sharp increase compared to a year ago. The average competition rate for admission to private elementary schools in the capital city stood at 11.7:1 in the 2022 academic year, a sharp increase from 6.8:1 a [...]