SEOUL, Nov. 2 (Korea Bizwire) — South Korean farmers are urging local authorities to make efforts to normalize pork prices here in the face of the African swine fever (ASF) outbreak, industry watchers said Saturday. The local wholesale price of pork reached 2,809 won (US$2.4) per kilogram, plunging 28.2 percent from a year earlier as [...]
SEOUL, Apr. 28 (Korea Bizwire) - Prices of pork meat in South Korea shot up nearly 17 percent this month due to strong demand in line with increased outdoor activities such as camping, and may further rise down the road, data showed Sunday. According to the data by the Korea Agro-Fisheries & Food Trade Corp., [...]
SEOUL, Mar. 25 (Korea Bizwire) — A recent study has showed that the most comfortable price among consumers for a cup of coffee (americano) was 2,900 won (US$2.56), much lower than the actual price of americanos being sold in most coffee shops at over 4,000 won (US$3.53). The Consumer Network for Public Interest (CNPI), a [...]
SEOUL, Feb. 11 (Korea Bizwire) — A South Korean court has ruled that 1+1 purchasing events cannot be seen as ‘exaggerated advertisements’ if the price of the product is cheaper during the event. Seoul High Court, in a case filed by hypermarket chain operators Homeplus Co. and Homeplus Stores Co. against the Fair Trade Commission [...]
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 [...]