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Domestic Coffee Industry Nears 7 bln Won as Demand for Premium Coffee Soars

Domestic Coffee Industry Nears 7 bln Won as Demand for Premium Coffee Soars

SEOUL, Jul. 15 (Korea Bizwire) — Industry analysts say that the South Korean coffee industry will continue to expand fueled by specialty coffee shops in the future. South Korea’s coffee industry is estimated at 6.8 trillion won (US$5.77 billion) this year, the Hyundai Research Institute said Sunday in a report. The coffee industry is divided [...]

South Korean Imports Show Moderate Strength as Overall Trade Continues to Contract

South Korean Imports Show Moderate Strength as Overall Trade Continues to Contract

SEOUL, SOUTH KOREA, Jul. 9 (Korea Bizwire) – South Korea’s trade outlook retains some cause for optimism despite continued deceleration both air and ocean trade, according to latest data from the DHL Global Trade Barometer. The DHL Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence and Big Data, suggests [...]

Japan’s Favorability Toward S. Korea Decreases While S. Korea’s Likeability Towards Japan Increases

Japan’s Favorability Toward S. Korea Decreases While S. Korea’s Likeability Towards Japan Increases

SEOUL, Jun. 13 (Korea Bizwire) — South Koreans’ likability for Japan has increased amid the deteriorating relations between South Korea and Japan over the past few years. On the contrary, Japan’s favorability towards South Korea has declined, according to a recent survey. The East Asia Institute (EAI), a private South Korean think tank, and Japanese [...]

S. Korea Moves Down to 28th in Global Competitiveness Rankings

S. Korea Moves Down to 28th in Global Competitiveness Rankings

SEJONG, May 29 (Korea Bizwire) — South Korea’s global competitiveness ranking fell by one notch this year as exports and facility investments slowed down, an international institute said Wednesday. The International Institute for Management Development (IMD) said in its annual report that South Korea ranked 28th in terms of world competitiveness among 63 countries surveyed, [...]

S. Korea’s Marvel Fever “To Continue for Another 10 Years”

S. Korea’s Marvel Fever “To Continue for Another 10 Years”

SEOUL, Apr. 24 (Korea Bizwire) — More than 100 million South Korean moviegoers have watched the 21 Marvel films over the last 11 years. With “Avengers: Endgame,” accumulated audience numbers are expected to hit 120 million people. What led the success of the Marvel cinematic universe was “Iron Man”, which gained massive popularity around the [...]

Lucidworks Announces Exclusive Korean Distributor Agreement with Tobesoft

Lucidworks Announces Exclusive Korean Distributor Agreement with Tobesoft

SAN FRANCISCO and HONG KONG, Mar. 19 (Korea Bizwire) — Lucidworks, the leader in AI-powered search applications, announces their first distributor agreement in APAC with Korean low-code development platform, Tobesoft. Tobesoft is now the sole distributor in Korea of Lucidworks Fusion, a development platform for teams to design, build, and deploy powerful search and data [...]