South Korea’s ramen firms under pressure to lower prices
The price hikes generally came as the costs of major imported raw materials, such as flour and vegetable oil, soared due to supply issues caused by the Russia-Ukraine war.
Lee Yoon-seo
Twice as many millionaires to leave South Korea in 2023: Report
According to the report, Korea's net outflow of high-net-worth individuals, or HNWIs, is estimated to jump from 400 to 800 in 2023.
Fukushima water fears stoke soaring salt demand in South Korea
The amount of online transactions of salt products increased by 817 per cent between June 7-13, compared to the same period a week earlier, according to online price comparison…
K-beauty’s US gambit pays off amid sagging China sales
K-beauty’s brisk growth in the US comes as the increased popularity of K-pop and K-content is driving up the demand for Korean commodities overall.
Hangeul adds premium feel to Korean brands
After decades of English names, retailers put spotlight on Hangeul -- the Korean alphabet -- as key marketing strategy.
Asiana halts sales of exit row seats after door incident
A spokesperson added that even if the flights are full, the seats in question will not be available for sale.
EU eases export rules on Korean ramen
The Ministry of Food and Drug Safety said it had been putting in all efforts to have the regulations eased.
Global fast food franchises fail to find local buyers in South Korea
McDonald's Korea has been struggling to find a buyer since it has been put up for sale in June 2022, despite double-digit growth of Korea's hamburger market in recent years.
Korea in midst of golf wear craze
Korean golfers purchase nearly half of golf apparel globally, while fashion brands flock to launch their first golf wear lineup.
Pet spending surges during pandemic
The "pet humanisation trend" is giving rise to new specialised business fields such as dog salons in the pet industry.