SEOUL, May 15 (Korea Bizwire) — South Korea is poised to make its first overseas export of halal-certified Korean beef, known as “hanwoo.” The Ministry of Agriculture, Food and Rural Affairs said Sunday it recently organized an event in Kuala Lumpur to celebrate the inaugural contract between a domestic exporter and a Malaysian importer. To [...]
SEOUL, Feb. 24 (Korea Bizwire) – The impact of government policies on the consumer and businesses alike is substantial, as seen in regulatory policies implemented by the previous Moon Jae-in administration to combat high demand in the real estate market. The Moon government’s belated shift to supply policies resulted in criticism for causing confusion in [...]
SEOUL, Feb. 23 (Korea Bizwire) — Korean beef, a highly coveted item among consumers in South Korea, is now gaining more attention from the retail distribution industry as well. Recent half-price discount events have resulted in sold-out stocks every day, underscoring the growing popularity of this premium meat. E-grocery platform Market Kurly, announced the launch [...]
SEOUL, Dec. 20 (Korea Bizwire) — Beef from Korean premium “hanwoo” cattle and wine have swept across large-sized retailers this year. E-Mart Inc., in its sales report from 2019 to November of this year, showed that wine went from ranking 10th in sales last year to sixth this year after seeing a jump in sales [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s imports of U.S. beef jumped 47.6 percent on year in the first 10 months of this year, data showed Friday, partly because of a falling demand for pricey Korean beef amid the implementation of an anti-graft law. Imports of foreign beef are expected to further rise after [...]
SEOUL, Nov.10 (Korea Bizwire) – Hanwoo (Korean beef) will soon be heading overseas. The Ministry of Agriculture, Food and Rural Affairs revealed that the quarantine procedures to export domestic beef, including Hanwoo, to Hong Kong are in the final procedures. According to the Ministry of Agriculture, Food and Rural Affairs, full-scale discussions with Hong Kong [...]
SEOUL, Sept. 2 (Korea Bizwire) - It turns out that six out of 10 office workers think that holiday gifts over 100,000 won given to public officials are a form of bribery. Tmon (www.tmon.co.kr), an online shopping site, asked 500 office workers between the ages of 20 and 50 if they thought presenting fruit, Hanwoo [...]