SEOUL, Dec. 26 (Korea Bizwire) — The supply of new private apartments in South Korea is projected to fall below 150,000 units (160,000 including unconfirmed projects) in 2025, marking the lowest level since 2000, according to industry analysts. This dramatic decline is attributed to a complex mix of factors, including rising construction costs and policy implementation [...]
SEOUL, May 18 (Korea Bizwire) — South Korea will beef up monitoring of the cooking oil market and boost its supply chains on concerns over supply crunches and illegal hoarding, the agriculture ministry said Wednesday. Global cooking oil prices have risen recently over the Ukraine crisis and Indonesia’s export curbs, which have prompted some consumers [...]
SEOUL, Sept. 28 (Korea Bizwire) — Burger franchises are struggling with tomato supply hurt by the impact of multiple typhoons in the summer. Hamburger chain Lotteria announced via its official website that four hamburgers on its menu may be served without tomatoes because the recent typhoons hurt the company’s tomato supply. Burger King also said [...]
SEOUL, July 29 (Korea Bizwire) — South Korea on Wednesday started the local supply of a newly developed hydrogen fuel-cell bus in line with its efforts to increase the number of automobiles running on the environment-friendly resource in more areas. One of the buses, whose mass production began this month, was delivered to a bus [...]