price Archives | Be Korea-savvy
Hyundai’s Car Selling Prices Jump Over Past 5 Years on Weak Won, Higher Costs

Hyundai’s Car Selling Prices Jump Over Past 5 Years on Weak Won, Higher Costs

SEOUL, May 20 (Korea Bizwire) — Hyundai Motor Co.’s vehicle selling prices soared over the past five years due to a weak won, higher costs and high-end models, the company’s data showed Monday. In the domestic market, the average selling price of Hyundai’s passenger vehicles rose to 53.19 million won (US$39,000) in the January-March period, [...]

Delivery Apps’ Free Service Sparks Price Controversies

Delivery Apps’ Free Service Sparks Price Controversies

SEOUL, May 7 (Korea Bizwire) – With the major food delivery apps in South Korea waging a “free delivery” war to lure customers, some franchise owners and restaurants have sparked controversies by charging higher prices for delivery orders compared to dine-in meals, citing the burden of the apps’ commission fees.  On May 5, industry officials said [...]

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

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 [...]

South Korea Tops Global Ranks for Highest Smartphone Prices, Study Finds

South Korea Tops Global Ranks for Highest Smartphone Prices, Study Finds

SEOUL, Apr. 23 (Korea Bizwire) – A recent report from the market research firm TechInsight has revealed that South Korea leads the world in having the highest average selling prices for smartphones, surpassing 87 other countries surveyed. After initially overtaking Japan in 2021, South Korea has now held the top spot for two consecutive years in [...]

Gov’t, Ruling Party Agree to Inject 150 Bln Won to Stabilize Agro Product Price Hike

Gov’t, Ruling Party Agree to Inject 150 Bln Won to Stabilize Agro Product Price Hike

SEOUL, Mar. 15 (Korea Bizwire) — The government and the ruling People Power Party (PPP) have agreed to inject an additional 150 billion won (US$113 million) this week to stabilize the price hike of agricultural and livestock products, the party leader said Friday. According to government data, prices of agricultural, livestock and fishery products rose [...]

Industry Minister Asks Petroleum Firms to Avoid Price Hike

Industry Minister Asks Petroleum Firms to Avoid Price Hike

SEJONG, Mar. 14 (Korea Bizwire) – Industry Minister Ahn Duk-geun on Thursday asked petroleum companies to refrain from increasing the prices of their products amid lingering inflation and external uncertainties. The remark came as global oil prices continued to remain volatile due to the prolonged war between Russia and Ukraine, along with the geopolitical instability [...]

iPhone 15 Price Controversy: Disparities and Overheating Concerns Spark National Debate in South Korea

iPhone 15 Price Controversy: Disparities and Overheating Concerns Spark National Debate in South Korea

SEOUL, Oct. 13 (Korea Bizwire) – The price of the iPhone 15 is now 11 percent lower than the iPhone 14 in some countries, while it remains the same in South Korea. In the United States, Apple has kept the iPhone 15 price identical to the iPhone 14. However, in other countries, the company adjusted the price [...]

Prices of Popular Cakes at Bakery and Coffee Franchises Up Sharply

Prices of Popular Cakes at Bakery and Coffee Franchises Up Sharply

SEOUL, Dec. 21 (Korea Bizwire) — The prices of popular cakes selling at South Korea’s major bakery and coffee chains rose sharply over the past year amid high inflation. The price of Paris Baguette’s Strawberry Fraisier Cake rose to 32,000 won (US$24.90) from 27,000 won last year. A Twosome Place’s Strawberry Fresh Cream Cake saw [...]