After Chuseok holiday, Koreans to face further restaurant inflation
The average price of gimbap, a budget-friendly meal, surged 2.6 percent to surpass the 3,000 won ($2.2) mark as of August compared to a month earlier.
Byun Hye-jin
Crypto payment is going mainstream: Ethereum co-founder
He also stressed that one of the other efforts made to cut down the transaction fees is “rollup,” which combines multiple transactions into one.
Debate reopens on South Korea’s 10 year-old supermarket shutdown rules
Under the mandatory shutdown rules, designated to protect mom-and-pop stores nearby from losing sales, supermarkets have closed twice a month for the last 10 years.
South Korean convenience stores make forays into Malaysia
Malaysia is the third overseas market for GS25 to enter, after it launched stores in Vietnam in 2018 and Mongolia in 2021.
Pulmuone sponsors Korean food documentary by US culinary school
South Korean food giant Pulmuone and the Culinary Institute of America will also produce food documentaries on China, Japan, and Southeast Asian cuisine.
South Korean rocket Nuri opens new space era
The government-led project took 12 years, with a total budget of 1.9 trillion won injected into the project. More than 300 South Korean companies had participated in the supply of…
South Korea’s tech behemoths Naver, Kakao race for AI dominance
The two tech behemoths Naver and Kakao are going all-in to win the tech war using artificial intelligence, through AI-powered search engines and logistics solutions businesses.
3 French luxury houses log whopping 3 trillion won sales in Korea
Despite record sales, a source said that Chanel Korea's employees did not receive any incentive payments.
South Korea’s retailers hope for sales recovery as social distancing rules removed
With the return of sample food tasting and lipstick testing, retailers expect a business boost in stores.
South Korea’s Kakao unveils ‘stock as gift’ service
The company will allow people to buy stocks as gifts, and also open a stock trading service in KakaoTalk, letting users share their investment portfolios with friends and family.