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Instant Noodles Prices Grow at Fastest Clip in 13 Years in October

Instant Noodles Prices Grow at Fastest Clip in 13 Years in October

SEOUL, Nov. 7 (Korea Bizwire) — The prices of instant noodles in South Korea grew at the fastest pace in about 13 years last month, data showed Sunday, raising worries that such steep price hikes could increase inflationary pressures. According to the data by Statistics Korea, the price of instant noodles, or “ramyeon” in Korean, [...]

French Luxury Brand Dior Raises Prices of Major Bags amid Pandemic

French Luxury Brand Dior Raises Prices of Major Bags amid Pandemic

SEOUL, July 2 (Korea Bizwire) — The French luxury brand Christian Dior began to raise prices of its major bags Thursday, industry sources said, as people’s demand for luxury goods has not been subdued even amid the pandemic-caused economic slump. Dior will increase the price tags of its major products, including Dior Lady bags, by [...]

Korean Consumers Praise China’s Stern Measures over Multinational Brands

Korean Consumers Praise China’s Stern Measures over Multinational Brands

SEOUL, Aug. 16 (Korea Bizwire) – Many Koreans admire China for its stern stance against high pricing policies by multinational companies doing business in China, according to an analysis on the local opinion regarding the news of the Chinese government’s penalty against Audi for violations of anti-monopoly laws.  Upon hearing the news that the Chinese [...]