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S. Korea World’s No. 2 Heated Tobacco Market in 2018

S. Korea World’s No. 2 Heated Tobacco Market in 2018

SEOUL, Jul. 9 (Korea Bizwire) – South Korea was the world’s No. 2 heated tobacco market last year, and its growth will gather pace down the road, an industry tracker said Tuesday. The size of South Korea’s heat-not-burn electronic cigarette market reached US$1.67 billion last year, rising sharply from $453 million tallied in 2017, according [...]

Gupo Dog Meat Market Shuts Down Early, Giving 53 Dogs a New Lease on Life

Gupo Dog Meat Market Shuts Down Early, Giving 53 Dogs a New Lease on Life

SEOUL, Jun. 28 (Korea Bizwire) — A number of dogs that were on the verge of slaughter will live a new life after some merchants at Busan’s Gupo Dog Meat Market agreed with animal rights groups to close their businesses early. Korea Animal Rights Advocates (KARA), along with the Korean Animal Welfare Association, agreed with [...]

Concession Market Rising as New Alternative to a Struggling Food Service Industry

Concession Market Rising as New Alternative to a Struggling Food Service Industry

SEOUL, Jun. 24 (Korea Bizwire) — The sluggish food service industry in South Korea is eyeing the newly rising concession market. A concession refers to the service of providing food and beverages at a multi-purpose facility leased by a certain company. Hotels and restaurants run by a subcontractor and highway service stations are forms of [...]

Civic Groups Call for Crackdown on Illegal Animal Sales at Damyang Market

Civic Groups Call for Crackdown on Illegal Animal Sales at Damyang Market

DAMYANG, Jun. 24 (Korea Bizwire) — Animal groups are calling on authorities to put an end to animal transactions rampant in a traditional market located in Damyang County, South Jeolla Province. 24 animal groups across the country held a press conference at the market entrance on Saturday and delivered a joint statement. “Puppies, kittens, and [...]

Sales in Performing Arts Market Top 800 bln Won for First Time in 2017: Data

Sales in Performing Arts Market Top 800 bln Won for First Time in 2017: Data

SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s performing arts market, which includes musicals, plays and classical music, rebounded in 2017, apparently reflecting political and social stability after the presidential election in May that year, officials said Wednesday. According to data released by the Ministry of Culture, Sports and Tourism and the Korea Arts Management [...]

S. Korean Mid-tier Companies Interested in Biz Opportunities in N. Korea

S. Korean Mid-tier Companies Interested in Biz Opportunities in N. Korea

SEOUL, Jun. 10 (Korea Bizwire) — South Korean companies are gradually moving to position themselves to enter North Korea’s largely untapped market once international sanctions are lifted, corporate sources here said Sunday. Several mid-tier companies have expressed interest in the North amid growing predictions that some sort of resolution can be reached on Pyongyang’s decadeslong [...]