Alibaba pledges $1.1 billion investment for South Korea expansion
The investment plan includes a new distribution centre worth about $200 million on a 180,000-square-meter site, and will become the largest of its kind in South Korea if the plan…
Kim Hae-yeon
Koreans lose appetite for fruits amid soaring prices
According to the Ministry of Agriculture, Food and Rural Affairs, South Korea's per capita fruit consumption declined by 19 per cent to 55 kilograms in 2022 after peaking at 67.9…
Why ramyeon makers still stick with ‘ramen’ marketing
Using the Japanese word "ramen" instead of the Korean variation of the word, "ramyeon" is viewed as taboo in Korea, akin to referring to kimchi as "kimuchi," the Japanese phonetic…
South Korean exports to China plunge to three-decade low
Experts say that China’s growing self-reliance in key product manufacturing and technological development, spurred by geopolitical tensions and supply chain disruptions, is…
Harvard Business School studies CJ’s K-food success
Within the case study, Lee conveyed optimism regarding the growing global interest in Korean culture, foreseeing its positive impact on expediting CJ CheilJedang's global business…
Reflecting on bumper year for K-food
The total export value of agricultural and food products reached $9 billion by the end of the third week of December, according to the Ministry of Agriculture, Food and Rural…
AliExpress vows to invest 10 billion won to root out fake goods in Korea
The announcement comes amid ongoing consumer complaints about counterfeit goods purchased through the platform since its official debut in South Korea in 2018.
China’s AliExpress eyes expansion in Korea
This year alone, the transaction volume for AliExpress products in South Korea has more than doubled from 3.46 million boxes in the first quarter to 9.04 million boxes in the…
South Korean ramen exports hit record high amid K-culture boom
Ramen exports reached $785.25 million for the January-October period this year, a 24.7 percent surge from the same period last year. The figure has already exceeded last year’s…
Sombre palaces, tombs swathed in fall colours
While the peak foliage season varies from year to year and in different locations, this year, the leaves are expected to be at their most colorful and vibrant through early…