News
Shake Shack Burger to enter Korea in 2016
By Sohn Ji-young, Shake Shack Burger, New York City's most famous roadside burger joint, is coming to South Korea next year, the company announced Tuesday. Under a licensing partnership with Korea’s leading food giant SPC Grotip, Shake Shack Enterprise International plans to ... Read MoreHousehold debt burden grows in 2014
By Lee Sun-young, An average Korean household spends nearly 24 percent of its total disposable income to meet debt obligations data showed Monday, amid concerns over record-level household debt. As of March, an average Korean family has 342 million won ($290,800) in ... Read More
BOK to target 2% inflation
By Lee Sun-young, The Bank of Korea on Wednesday set the inflation target for the next three years at 2 percent, as the economy braces for a future of low growth and lower price levels. The annual target for the 2016-2018 ... Read More
Oil cheaper than bottled water
By Cho Chung-un, The pretax price of gasoline per liter fell to 522 won (44 cents) this month, lower than that of bottled water, largely due to the continuous drop in International crude oil prices, officials said Wednesday. According to Opinet ... Read More
S. Korea Ranks Fifth in Global Manufacturing Competitiveness
South Korea ranked fifth in the global manufacturing index this year, but is expected to drop one spot due to India’s rise in 2020. According to the upcoming 2016 Global Manufacturing Competitive Index, a joint report by the United States ... Read MoreRI-Korsel Sepakat Susun Langkah-Langkah Target Perdagangan USD 100 Miliar
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Indonesia eyes South Korean coffee market
Indonesia is considering making efforts to engage more with the food and beverages market, especially coffee, in South Korea, as the promising market showed a compound annual growth rate of 7.55 percent from 2010 to 2014 and an import value ... Read More