SEOUL, Jan. 27 (Korea Bizwire) — The average price of onions sold in South Korea fell sharply in January from a year earlier despite a decreased amount of imports due to the expanded supply from local farms, data showed Sunday. According to the data compiled by the state-run Korea Agro-Fisheries & Food Trade Corp., the [...]
SEOUL, Dec. 27 (Korea Bizwire) — Prices of boxed lunch products have increased at the fastest pace among all ready to eat meals sold this year, government data showed Thursday. According to the data by Statistics Korea, the prices of lunch boxes, which are mostly sold at convenience stores, increased 6.5 percent compared to the [...]
Pittsburgh, PA, Mar. 27 (Korea Bizwire) — Calgon Carbon Corporation is announcing a global price increase, effective immediately, where contracts permit, on all activated carbon products due to a continued escalation in the cost of raw materials. The increase is expected to range between 5-20%, depending on the specific product, raw material type, services provided, [...]
SEOUL, Mar. 19 (Korea Bizwire) — The burden of buying a house in Seoul has risen to a 6-year high as demand for homes in the affluent Gangnam district surged despite the government’s measures to cool the property market, data showed Monday. The Korea Housing Affordability Index rose to 116.7 in the fourth-quarter of last [...]
SEOUL, Feb.26 (Korea Bizwire) – CJ CGV has announced that it will be modifying its movie ticket prices based on the seats and time of screening. Movie tickets will differ in price depending on where the seats are located, just like concerts, musicals, operas and sports tickets. In addition, each day will be divided into [...]
SEOUL, Dec.9 (Korea Bizwire) – With the implementation of price hikes for soju, the popular liquor of the people, the government has put itself in a position to collect as much as 92.8 billion won in additional taxes. The Korea Federation of Taxpayers revealed that as the factory price of soju was increased by 5.61 [...]