SEOUL, Nov. 3 (Korea Bizwire) – Sculptures of the legendary creature Haetae can be spotted around Seoul, often near historical landmarks and other high-profile locations like the National Assembly Building. Shaped like a lion with a horn on its forehead, the imaginary animal from Korean mythology is known as a guardian that fends off fire [...]
SEOUL, Oct. 20 (Korea Bizwire) – As consumers went crazy over their products, the companies simply built more plants to meet the soaring demand. Then the craze disappeared all of sudden, leaving them with idle capacity and huge losses. Industry gurus call it the “curse of capacity expansion.” Small instant noodle maker Paldo suffered such [...]
SEJONG, Dec.7 (Korea Bizwire) – Ever since the launch of Honey Butter Chips, the demand for sweet-flavored potato chips has increased, which has pushed potato imports to an all-time high. According to the foreign trade statistics of the Korea Customs Service, the amount of fresh and refrigerated potatoes imported to make chips as of October [...]
SEOUL, Dec. 3 (Korea Bizwire) – As the popularity of Honey Butter Chips increases, tie-in sales are becoming more frequent. A grocer combined a box of sweet potatoes with a bag of the Korean-style potato chips. Some sellers bundled various cookies, chocolates and the chips into a plastic bag in an effort to sell other [...]