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Byun Ji-hee Staff writer, Life Economy News Desk

Total articles(239)
Gold prices surge, prompting luxury brands to increase jewelry and watch prices
Gold prices surge, prompting luxury brands to increase jewelry and watch prices
As gold prices reach all-time highs, the prices of watches and jewelry are rising one after another. With the May wedding season approaching, domestic and international brands appear to be hastily raising their prices. According to the industry on the 28th, the Italian luxury jewelry brand Pomellato...
Lotteria increases prices of 65 menu items by 3.3% starting next month
Lotteria, a burger franchise brand operated by Lotte GRS, announced on the 28th that it will increase the prices of 65 menu items by an average of 3.3% starting from the 3rd of next month. The price increase for each product ranges from a minimum of 100 won to a maximum of 400 won. The prices of the...
BKR posts record operating profit with 60.4% increase driven by strategic moves
Burger brand Burger King and coffee brand Tim Hortons, operated by BKR, reported on the 27th that they achieved the highest operating profit in history last year. BKR achieved sales of 792.7 billion won last year, a 6.4% increase compared to the previous year. During the same period, operating profi...
Delivery agencies pressure restaurant owners to boycott in-house services in Korea
Delivery service providers are causing controversy by forcing restaurant owners in some areas, such as Pyeongtaek, Gyeonggi Province, to cancel Baemin 1 Plus (Baemin's own delivery) and only use store delivery (delivery by agencies). As the second-largest player, Coupang Eats provides a 100% in-hous...
Domino's Pizza Korea donates 50 million won to wildfire disaster victims
Domino's Pizza Korea recently announced on the 27th that it has donated 50 million won to assist those affected by the recent wildfire. The donation will be distributed to affected areas, including Sancheong, Uljin, and Uiseong, which have been declared as special disaster areas, through the Korea D...
Yoon Ho-joong donates 300 million won for wildfire recovery in South Korea
Hy and Paldo announced on the 27th that Chairman Yoon Ho-joong donated 300 million won as relief funds for wildfire damage recovery. The donations will be delivered to special disaster areas such as Sancheong in Gyeongnam, Ulsan Ulju, and Uiseong in Gyeongbuk through the Korean Red Cross and will be...
Mom's Touch boosts sales 45% with QSR platform offering burgers, chicken, pizza
Despite the prolonged economic downturn, soaring materials and supplies prices, rising labor costs, and increasing public utility fees, the domestic burger and chicken brand Mom's Touch has shown steady growth. According to Mom's Touch on the 26th, the average annual sales of franchises have steadil...
Korea's Mingles and Onjium rise in Asia's 50 Best Restaurants ranking
Bangkok, Thailand, and Tokyo, Japan, were jointly ranked as the top culinary cities in Asia on the 'Asia's 50 Best Restaurants (A50B)' list, each featuring 9 restaurants. In South Korea, Mingles and Onjium ranked 5th and 10th, respectively, elevating the status of Korean cuisine. According to indust...
Korea Consumer Agency finds nicotine in e-liquids labeled nicotine-free
Seven types of disposable liquid electronic cigarettes labeled as nicotine-free tested positive for nicotine levels of up to 158 mg. On the 26th, the Korea Consumer Agency announced the results of an investigation into the nicotine and similar nicotine content of 15 disposable liquid electronic ciga...
Pulmuone targets European market to expand as global sustainable food company
Pulmuone announced that it will enter the European market this year and leap to become a global sustainable food company. Lee Hyo-yool, chairman of the Pulmuone board, noted at the regular shareholders' meeting on the 26th, “Last year, Pulmuone demonstrated its capabilities and sustainable growth po...
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