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Bakeries Fall Behind Coffee Shops and Fried Chicken Restaurants in Terms of Profitability

Bakeries Fall Behind Coffee Shops and Fried Chicken Restaurants in Terms of Profitability

SEOUL, Oct. 20 (Korea Bizwire) — The sales to operating profit ratio of South Korea’s bakeries is falling behind that of coffee shops and fried chicken restaurants. Roughly 18,500 bakeries that produce their own baked goods were operating across the country as of August, according to a report from KB Financial Group, a major South [...]

Illegal Ads for Pharmaceutical Sales via Internet Increasingly Rampant

Illegal Ads for Pharmaceutical Sales via Internet Increasingly Rampant

SEOUL, Oct. 1 (Korea Bizwire) — Online ads for unauthorized pharmaceutical sales over the internet have increased substantially in recent years, according to a lawmaker Thursday. The number of reported cases of illegal online ads for prescription drugs reached 37,343 as of 2019, up 49.8 percent from 2016, Rep. Ko Young-in of the ruling Democratic [...]