Seoul ups the ante against ‘ramen inflation’
The retail industry seems to be feeling the pinch from pressure from the government, but many industry insiders downplayed the possibility of the rare meeting yielding immediate…
Shim Woo-hyun
How rich is the top 1% in Korea?
The average income of households in the top 1 per cent came to 215 million won, 3.5 times higher than the annual median household income of 61.2 million won.
Inflation driving up costs to eat out
The inflation rate for food at dining establishments in Korea has been increasing at a faster pace than the overall inflation rate for consumer goods.
Hamburger prices jump 17% in April in Seoul
Food and beverage franchises could hike prices further due to rising raw material costs.
Zero-sugar drinks reshape beverage market
Sugar-free and low-calorie soft drinks are enjoying their heyday in South Korea, with increasing sales and a growing variety of products.
Korea aims to become 7th nation to host Olympics, World Cup, World Expo
If South Korea succeeds, it would follow France, the US, Canada, Germany, Italy and Japan that have hosted all three international events.
Foreign tourists flock back to Myeong-dong
The number of Japanese travelers to the area has increased recently but the slow return of Chinese tourists keeps full recovery at bay.
Busan to build new rail system for World Expo
The construction of the new railway system is in line with the opening of Gadeok New Airport, which the government moved up by around 6 years.
Why soju price hikes are causing Koreans so much anguish
The public in South Korea has been sensitive to price increases in soju, not just because it is the most widely consumed alcoholic beverage, but also because it has been branded…
Pending price hikes in soju, beer deepen inflation woes in Korea
Despite increased expenses, local firms are reluctant to raise soju prices just yet, as backlash is expected to follow a second consecutive year of price hikes.