SEOUL, Oct. 21 (Korea Bizwire) — Bhc chicken, South Korea’s largest chicken franchise by sales, said Monday it has opened its first outlet in Canada as part of its goal of opening 300 outlets in North America within five years. The company’s first store in Canada is located at The Well, a downtown shopping mall [...]
SEOUL, Oct. 21 (Korea Bizwire) – The Shine Muscat grape, once hailed as a premium fruit in South Korea, has seen a significant price drop in recent weeks. This decline is attributed to a surge in farm production and an influx of lower-quality produce flooding the market, according to industry experts. Data from the Korea Agro-Fisheries [...]
SEOUL, Oct. 21 (Korea Bizwire) – The popularity of Netflix’s cooking competition show “Culinary Class Wars” has ignited a boom in home cooking equipment sales in South Korea, according to recent data from a major e-commerce platform. Gmarket, an online marketplace owned by Shinsegae Group, reported on October 20 that sales of kitchen-related items have skyrocketed [...]
UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less. The provincial government announced on October 16 that it would be accepting applications from [...]
SEOUL, Oct. 17 (Korea Bizwire) – A recent report by the Korea Consumer Agency has shed light on growing concerns in the domestic matchmaking industry, revealing that consumers who sought redress for grievances paid an average of 3.46 million won for matchmaking services. The agency’s data, released on October 16, shows a troubling trend in the [...]
SEOUL, Oct. 16 (Korea Bizwire) – As concerns grow over Samsung Electronics’ future, South Korea’s semiconductor industry finds itself at a critical juncture. With China and Taiwan rapidly catching up in technology, there’s mounting anxiety that South Korea could lose its edge in advanced semiconductor markets crucial for artificial intelligence and aerospace applications. At a special [...]
SEOUL, Oct. 16 (Korea Bizwire) – In a significant breakthrough for urban living, Hyundai Engineering announced on October 15 that it has developed South Korea’s first “ceiling-type soundproofing structure,” a novel approach to tackling the persistent issue of inter-floor noise in apartment buildings. Unlike traditional floor-based soundproofing methods, this innovative system is installed in the ceiling, [...]
SEOUL, Oct. 15 (Korea Bizwire) — Container shipping costs from South Korea to China rose for the eighth consecutive month in September, the customs agency said Tuesday. The average shipping cost for a 40-foot container from South Korea to China climbed 17.6 percent on-month to 862,000 won (US$634.48) last month, according to the data from [...]
SEOUL, Oct. 15 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened its 600th overseas outlet in Canada as part of its global expansion strategy. SPC has opened 30 outlets in North America this year, bringing the total in the mainstay markets to [...]
SEOUL, Oct. 15 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Tuesday it has secured a 339.6 billion-won (US$250 million) order to build two very large ammonia carriers (VLACs) from an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will [...]