Economy
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Exports of S. Korean instant noodles Ramyeon surpass $785 mln in 2023
SEOUL -- Exports of South Korean instant noodles known as Ramyeon soared 24.7 percent year-on-year to a record high of $785.2 million (1.1 trillion won) between January and October in 2023, state data showed. This year marks the 60th anniversary of the release of South Korea's first instant noodles in 1963. According to data released by the Korea Customs Service, exports of Ramyeon packs totaled $785.2 million during the first ten months of this year. The largest importer was Ch
November 20, 2023 -
Pulmuone expands noodles plant in California targeting Asian noodle lovers
SEOUL -- Seoul-based food company Pulmuone has expanded its fresh noodle production plant in the western region of California to meet growing demands for Asian noodles in the United States. Targeting American consumers, the South Korean company has showcased various refrigerated noodle products, including ramen with pork and broth, and Japchae, a Korean stir-fried noodle dish with beef and various vegetables. Data released by market research firm Research and Markets showed that t
November 15, 2023 -
Hanwha Ocean wins $502.2 mln smart ammonia carrier contract from Greek shipping firm
SEOUL -- Hanwha Ocean, a major South Korean shipbuilder formerly known as Daewoo Shipbuilding & Marine Engineering, has grabbed a smart ammonia carrier contract worth $502 million from Naftomar Shipping and Trading, a Greece-based maritime logistics company that specializes in the transport of liquefied petroleum gas and ammonia across the globe. Naftomar Shipping and Trading focuses on strengthening its foothold in the energy transition and zero-carbon energy businesses in the
November 15, 2023 -
Kakao to introduce new business plans with lower royalty fees for affiliated taxi companies
SEOUL -- Kakao Mobility, the mobility service wing of South Korea's web service giant Kakao, will introduce a new service plan for affiliated taxi business operators and individual taxi drivers that would offer a lowered royalty fee of less than three percent. The current plan demands a royalty fee of about 20 percent from affiliated taxi companies and drivers. Kakao Taxi was first introduced to South Korea in 2015. The service is now integrated into Kakao T, Kakao Mobility'
November 14, 2023 -
Southern resort island to export tangerines to New Zealand for first time
SEOUL -- The southern resort island of Jeju will export "Gyul," tangerines which are well-known winter season specialty products of Jeju, to New Zealand for the first time since South Korea and New Zealand engaged in trade negotiations of tangerines in 1999. Gyul was farmed in Jeju since the fifth century and the citrus fruit was highly regarded as a luxury product by royal families and nobles throughout the history of Korea. Tangerines are now South Koreans' favorite
November 13, 2023 -
Kakao Mobility to discuss lowering service royalty fee with taxi industry officials
SEOUL -- Kakao Mobility, the mobility service wing of South Korea's web service giant Kakao, will engage in talks with taxi officials to discuss possible changes that could be made to the existing service brokerage fee of "Kakao Taxi," the country's favorite smartphone taxi-hailing service. Kakao Taxi was first introduced to South Korea in 2015. The service is now integrated into Kakao T, Kakao Mobility's one-stop mobility service app with some 12 million month
November 13, 2023 -
Number of camping sites in S. Korea increases to record-high in 3Q 2023
SEOUL -- The total number of camping sites in South Korea has reached a record high of some 3,600 in the third quarter of 2023, thanks to the increased population of campers who became attracted to the outdoor hobby during the COVID-19 pandemic. When the first wave of the coronavirus pandemic hit South Korea in early 2020, the country rolled out strict quarantine guidelines that virtually prohibited groups of more than four people from gathering in indoor environments. Many people
November 13, 2023 -
84% of phones sold in S. Korea in 3Q 2023 are made by Samsung: market data
SEOUL -- Eight of ten smartphones sold in South Korea in the third quarter of 2023 are made by Samsung, market data released by global market research company Counterpoint showed. The market share of Apple in South Korea was 15 percent, leaving other phone makers to share one percent of South Korea's smartphone market share. According to Counterpoint, the global market share of Samsung phones stood at 20 percent in 3Q 2023 while Apple's market share stood at 16 percent. Chin
November 10, 2023 -
Hyundai Motor partners with western port city to accelerate commercialization of flying taxi service
SEOUL -- The world's third-largest carmaker Hyundai Motor has partnered with the western port city of Incheon in a bid to accelerate the commercialization of urban air mobility services, also known as flying taxi services, using manned and unmanned passenger drones. Urban air mobility (UAM) is infrastructure for commercial flying passenger vehicles that includes vertiports and control towers. Aerial vehicles are required to fly through designated aerial corridors to prevent a
November 9, 2023 -
SK E&S partners with central city to establish hydrogen bus infrastructure
SEOUL -- SK E&S, an energy wing of South Korea's SK Group, has partnered with the central city of Cheonan to develop and establish infrastructure for hydrogen fuel cell buses and hydrogen charging stations. South Korea is currently undergoing a structural change in a bid to reduce the country's dependency on fossil fuels and adopt clean and renewable energy systems. Hydrogen buses are part of South Korea's big picture to go green and clean energy vehicles are being o
November 9, 2023
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Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
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Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
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Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
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LS Cable embarks on construction of plant for new copper foil material
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US political turmoil reflects our wider society – in 2024 and earlier elections
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Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
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Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
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Life expectancy in South Korea decreases for first time since 2000
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Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
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Lotte Rental achieves 'Baa3' credit rating from Moody's