SEOUL, Mar. 15 (Korea Bizwire) — The government and the ruling People Power Party (PPP) have agreed to inject an additional 150 billion won (US$113 million) this week to stabilize the price hike of agricultural and livestock products, the party leader said Friday. According to government data, prices of agricultural, livestock and fishery products rose [...]
SEJONG, Mar. 14 (Korea Bizwire) – Industry Minister Ahn Duk-geun on Thursday asked petroleum companies to refrain from increasing the prices of their products amid lingering inflation and external uncertainties. The remark came as global oil prices continued to remain volatile due to the prolonged war between Russia and Ukraine, along with the geopolitical instability [...]
SEOUL, Oct. 13 (Korea Bizwire) – The price of the iPhone 15 is now 11 percent lower than the iPhone 14 in some countries, while it remains the same in South Korea. In the United States, Apple has kept the iPhone 15 price identical to the iPhone 14. However, in other countries, the company adjusted the price [...]
SEOUL, April 6 (Korea Bizwire) — The price of “jajangmyeon,” a Chinese-Korean fusion dish of noodles in black bean sauce, is now 60 times higher than 50 years ago, data showed Wednesday. The average price of a single bowl of jajangmyeon this year was 6,361 won (US$4.82). The price of jajangmyeon was no more than [...]
SEOUL, Feb. 27 (Korea Bizwire) — The price of goat meat is surging as it is becoming known as the best alternative to dog meat. The Korea Black Goat Association reported that the price of black goat meat reached 19,000 won (US$14.40) per kilogram as of Feb. 13, up 73 percent from last July. The [...]
SEOUL, Dec. 21 (Korea Bizwire) — The prices of popular cakes selling at South Korea’s major bakery and coffee chains rose sharply over the past year amid high inflation. The price of Paris Baguette’s Strawberry Fraisier Cake rose to 32,000 won (US$24.90) from 27,000 won last year. A Twosome Place’s Strawberry Fresh Cream Cake saw [...]
SEOUL, Sept. 9 (Korea Bizwire) — More than six out of 10 smartphone models running on fifth-generation (5G) networks turned out to be expensive, selling at prices of more than 1 million won (US$720), a consumer advocacy group said Thursday. The Consumers Union of Korea surveyed the prices of 162 5G mobile device models selling [...]
SEOUL, July 19 (Korea Bizwire) — The average price of an apartment in Seoul has shot up nearly fourfold in the past 18 years after more than doubling under the previous Moon Jae-in administration alone, a civic group analysis showed Tuesday. A 99.1-square-meter apartment in the capital fetched 1.28 billion won (US$973,162) on average as [...]
SEOUL, July 11 (Korea Bizwire) — South Korea’s major retailers are stepping up marketing efforts with a focus on price competitiveness with high inflation showing no sign of abating. GS Retail Co.’s online shopping store GS Fresh Mall promoted about 30 different items through the ‘Everyday Good Price’ event from July 1 to 8. Sales [...]
SINGAPORE, March 30 (Korea Bizwire) – GCP Applied Technologies Inc. (NYSE: GCP) (GCP or the Company), a leading global provider of construction products, today announced it is implementing price increases for Concrete Admixtures, Cement Additives and Specialty Building Materials in Asia Pacific. To continue providing the exceptional solutions GCP’s customers rely on, at the levels of service [...]