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Luxury Hotels in Seoul Serve Up Mango Bingsu Desserts at Soaring Prices

SEOUL, Apr. 25 (Korea Bizwire) – The price of mango bingsu (shaved ice desserts) at upscale hotels in South Korea has been steadily climbing, with a new offering from Signiel Seoul now costing a staggering 130,000 won. According to hotel industry reports from April 24, Signiel Seoul began selling its ‘Signature Jeju Apple Mango Bingsu’ for

April 25, 2024 | Business, Food/Beverage, Industries, Top News | 0 Comments

AliExpress Significantly Increases Capital of South Korean Subsidiary

SEOUL, Apr. 25 (Korea Bizwire) – AliExpress, the Chinese e-commerce platform, has substantially boosted the capital of its South Korean subsidiary. According to the distribution industry on April 24, the AliExpress subsidiary in South Korea recently carried out a capital increase worth 33.4 billion won. This represents the largest capital injection since the establishment of the

April 25, 2024 | Business, Industries, Retail & Consumer Goods, Top News | 0 Comments

Consumer Group Files Complaints Against Alibaba’s AliExpress and Temu Over Privacy Concerns

SEOUL, Apr. 25 (Korea Bizwire) – The consumer advocacy group Citizens United for Consumer Sovereignty (CUCS) has filed complaints against the Chinese e-commerce platforms AliExpress and Temu with the Jongno Police Station in Seoul. The group alleges violations of South Korea’s Personal Information Protection Act and the Act on Promotion of Information and Communications Network Utilization

April 25, 2024 | Business, Industries, Retail & Consumer Goods, Top News | 0 Comments

Samsung Bets on Specialized Phones to Regain Foothold in China’s Smartphone Market

SEOUL, Apr. 25 (Korea Bizwire) – Samsung Electronics, the world’s leading smartphone maker, has relaunched its Galaxy C series of smartphones tailored for the Chinese market after a seven-year hiatus, in a bid to reclaim market share from domestic rivals. According to the market research firm Counterpoint Research, Samsung is estimated to have recorded a market

April 25, 2024 | App and Mobile, New Product and Service, Technology, Top News, Topics | 0 Comments

South Korean Consumers Prioritize Value in Shopping Amid High Inflation

SEOUL, Apr. 24 (Korea Bizwire) –As high inflation persists, a majority of South Korean consumers are scouring various channels for information and prioritizing value-for-money products before making purchases, according to a survey conducted by the Korea Consumer Agency. The agency announced on April 24 the findings from an online survey conducted last month examining consumer

April 24, 2024 | Consumer Insights & Behavior, Economy & Inflation, Lifestyle, Top News | 0 Comments

South Korean Livestock Farms Grapple With Massive Manure Output

SEJONG, April 24 (Korea Bizwire) – South Korean livestock farms generated more than 50 million tons of manure last year, with most of it being repurposed as compost and liquid fertilizer, according to a government survey. The Ministry of Agriculture, Food and Rural Affairs announced on April 24 the results of its 2023 livestock environmental survey,

April 24, 2024 | AGRICULTURE, LIVESTOCK, FISHERIES & FORESTRY, Business Statistics, Statistics, Survey & Research, Top News | 0 Comments

Shark Caught Off East Coast Raises Alarms in South Korea

SOKCHO, April 24 (Korea Bizwire) – Residents along South Korea’s eastern coastline are growing increasingly anxious after the first shark of the year was caught, raising fears over public safety as sightings of the predators surge in the waters of the East Sea. According to the Sokcho Coast Guard, a shortfin mako shark measuring 295 cm

April 24, 2024 | Animals & Pets, Social Affairs, Top News | 0 Comments