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Moody's keeps 'Aa2' rating on S. Korea, eyes 2.5 pct growth in 2024
Line app developer Shin to step down from board of Japan's LY
Sneak peek of Art Busan shows strong emphasis on female trailblazers
Suzy, Park Bo-gum star in AI fantasy romance ‘Wonderland’
Yoon rebuffs opposition's call for special probe into wife
Bridging hope: Daewoo E&C wins large-scale bridge projects in India, Africa
Financial regulator to complete short selling probe this year
[From the Scene] At 1st press conference in 631 days, Yoon seeks to mend media ties
Will Daegu get its own panda? Construction of park starts with hopes of hosting the rare animal
LG CNS launches Gen AI Studio for corporate clients
Court orders state to pay W10m to Moroccan asylum seeker for mistreatment
Dog goes on incredible journey to make it back home, 41 days after going missing
[Today’s K-pop] Stray Kids to drop new album in July: report
HD Hyundai unveils uncrewed vessel concept at US expo
Seoul shares dip over 1% amid US rate uncertainties
New Seoul-Zurich route launched after 27 years
YouTuber fatally stabbed on livestream by another YouTuber in Busan
[News Analysis] Yoon's first 2 years marked by intense confrontations, lack of leadership
[Eye Interview] Seon meditation empowers you: Buddhist leader
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[Contribution] It’s time for Korea to rethink its liquor laws
Dec 17, 2023
By Olivia Widen Since the COVID-19 pandemic started, almost every industry has seen exponential growth in e-commerce, and the liquor market is no exception. Despite the overall return of consumption patterns to pre-pandemic levels, online sales of alcohol are forecast to show steady growth. In its 2022 Global E-commerce Strategic Study, the International Wine & Spirit Research (IWSR) predicted that online alcohol sales in 16 key global markets would reach nearly $40 billion by 2026. Mark
[Weekender] Korea's elderly poverty reveals itself in heart of Seoul
Dec 16, 2023
Senior citizens flock for 3,000 won gukbap, 200 won coffee, 6,000 won hair cuts as prices soar in Seoul
Koreans will 'freeze to death' for iced Americanos even in winter
Nov 27, 2023
"I always drink iced Americano, even in winter," said Kim, an office worker in her 30s who identifies as an "eoljukah" person. Eoljukah is a portmanteau of the words for "Even if I freeze to death, iced Americano!" It refers to people who are die-hards for the espresso topped off with water and ice, no matter how cold the weather is. The eoljukah trend has steadily grown among Korea's office workers, as iced Americanos are now ubiquitous in cafes and convenienc
[Herald Interview] Food trade chief confident of winning official recognition of Kimchi Day in US
Nov 21, 2023
Korea’s kimchi exports likely to hit all-time high of $160m, with US second-biggest destination
Chinese beer imports plunge amid Tsingtao scandal
Nov 16, 2023
South Korea’s beer imports from China decreased by over 40 percent last month after a hygiene incident at a Tsingtao brewery was revealed. Imports of Japanese beer products, on the other hand, increased by over 300 percent. According to data from the Korea Customs Service on Thursday, Korea’s imports of Chinese beer reached 228.1 tons in October, down 42.6 percent on-year. The import value of Chinese beer products shipped to Korea during the same period came to $1.9 million, also dow
Redbreast 15 Year Old whiskey debuts in Korea
Nov 13, 2023
Pernod Ricard Korea on Monday launched Redbreast 15 Year Old, a more aged and spicier variant of its Irish whiskey brand, targeting the evolving demand for non-Scotch whiskeys in the rapidly expanding domestic market. The world's second-largest wine and spirits seller previously introduced its Irish whiskey, Redbreast 12 Year Old, for the first time in Korea in September. While retaining the smooth character typical of traditional Irish pot still whiskey, the 15 Year Old brings a spicier pr
SPC Samlip partners with Asian supermarket chain H Mart
Nov 9, 2023
South Korean confectionery company SPC Samlip said Thursday that it had signed a partnership with H Mart, the largest Asian supermarket chain in North America, as part of efforts to further increase its global presence. H Mart operates some 120 supermarkets in the US, Canada and the UK. In 2022, it posted 4.3 trillion won ($3.28 billion) in sales. Under the partnership, SPC Samlip will increase its supply of confectionery products to be distributed through H Mart's extensive sales network.
Farm online, harvest offline: Virtual farming games attract inflation-weary consumers
Nov 7, 2023
How Koreans in their 20s and 30s get real produce by playing mobile games
Paris Baguette inks sponsorship deal with Paris Saint-Germain
Nov 2, 2023
Paris Baguette, South Korean bakery giant SPC Group's flagship bakery chain, announced Thursday that the company has signed a sponsorship deal with French football club Paris Saint-Germain. Of around 30 companies that have partnered with the Paris-based football club, including Nike, Qatar Airways, Coca-Cola and McDonald’s, Paris Baguette is the only Korean brand. Paris Saint-Germain is an internationally popular French football club which is widely known for its superstar, Kylian Mba
S. Korea vaccinates nearly 82% of cattle amid LSD outbreaks
Oct 28, 2023
South Korea's agricultural authorities said Saturday they have vaccinated nearly 82 percent of cattle subject to emergency inoculation amid growing concerns over the nationwide spread of lumpy skin disease. As of Saturday morning, health authorities have administered the vaccine to 357,000 out of 438,000 cows subject to emergency inoculation, according to the Ministry of Agriculture, Food and Rural Affairs. Since the first-ever outbreak of the viral infection last week, the country has so f
[Graphic News] Daily card spending up 8.4% in H1 amid post-pandemic recovery
Oct 23, 2023
Daily card spending in South Korea rose 8.4 percent in the first half from a year earlier on the back of the post-pandemic economic recovery, central bank data showed. Card holders spent an average 3.3 trillion won ($2.47 billion) per day in the January-June period, compared with 3 trillion won the previous year, according to data from the Bank of Korea. Credit card spending rose 8.8 percent on-year to a daily average of 2.56 trillion won, led by use on e-commerce platforms. Credit card use for
[Weekender] Indie bookstores thrive in reading-reluctant Korea
Oct 21, 2023
Smaller bookshops increasingly cater to self-published writers rather than readers; some face criticism as mere photogenic backdrops
[Herald Interview] New Royal Salute whisky debuts in Korea to tap growing premium market
Oct 18, 2023
Pernod Ricard’s Korea chief pins hopes on young people’s growing taste for high-end whiskeys
Beef prices have soared 100-fold over 50 years : data
Oct 16, 2023
Meat prices rise most among daily necessities; ramen, soju see 8-fold, 14-fold surges respectively
Prices for dining out soar beyond inflation
Oct 9, 2023
Price increase rates of about 80 percent of restaurant menus exceeded the price increase rate of a market basket of consumer goods in September, according to data on Monday. According to Statistics Korea, the consumer price index, which functions as an economic metric for the price of a weighted average market basket of consumer goods, showed an on-year growth of 3.7 percent in September. Meanwhile, the increase rate in the sector for dining out, a key indicator of inflation in the food sector f
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
Young Korean doctors seek plan B: cosmetic dermatology or overseas
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Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
[K-pop’s dilemma] Time, profit pressures work against originality
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Why femicide and dating violence are growing issues in S. Korea
DP urges Yoon to accept proposal on cash handouts, special counsel probe over Marine's death
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