
Seoul hotels double down on 'small luxuries' with fancier, pricier desserts
The price of summer desserts in South Korea's luxury hotels has hit a new high, with one bowl of bingsu now selling for up to 150,000 won ($108). High-end hotels are banking on what they call 'small luxuries' to appeal to locals looking for special indulgences even in a time of rising inflation.
On Sunday, the InterContinental Grand Seoul Parnas released this season's most expensive offering: a bingsu made in collaboration with French champagne brand Perrier-Jouet. Priced at 150,000 won, it just edges out last year's record from the Four Seasons Hotel Seoul, whose mango bingsu sold for 149,000 won. The new Belle Epoque-themed dessert includes champagne granita, avocado-coconut ice cream, and a swirl of Swiss Tete de Moine cheese on top.
A official from the InterContinental said the hotel wants to to deliver a 'multi-sensory gastronomic experience' through its collaboration with a global premium brand.
Signiel Seoul, located in South Korea's tallest skyscraper, is leaning into the apple mango trend with a series of high-end desserts crafted under the consultation of French chef Yannick Alleno. Its signature apple mango bingsu is priced at 130,000 won, while separate offerings include a 120,000 won mango cake topped with Valrhona Ivoire white chocolate mousse.
At the Shilla Hotel, its newest dessert combines black truffle ice cream, cookie crumble resembling forest soil, and herbs meant to mimic grass. The ice cream itself is made with Kimpo Gold Rice, a specialty rice once served to Korean royalty, and is topped with truffle shavings and a splash of Chateau d'Yquem dessert wine. The price is 60,000 won. Staff grate fresh truffle directly onto the dish at the table.
According to hotel industry sources cited in Korean media, demand for these ultra-premium desserts doesn't cease to grow among domestic customers. One industry official noted that more Koreans are turning to hotel bakeries and lounges for birthdays or anniversaries as they look for 'small luxuries to feel special.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Korea Herald
14 hours ago
- Korea Herald
Daunting economic tasks lie ahead for new president
As external shocks threaten recovery, new leadership faces race against time to activate economic engines through fiscal, industrial moves The newly elected Korean president faces mounting external challenges as well as internal economic pressures, prompting a comprehensive push on both financial measures and industrial strategies to steer the country toward growth. The new government inherits a fragile economy now facing sluggish growth prospects, with recent data indicating declines across production, consumption and investment, all aggravated by external shocks. Korea's future hinges on how effectively it fights US-led tariffs and accelerates its tech leadership, as Seoul's biggest challenge now is turning policy promises into a tangible economic bounce. Mission to revive domestic demand Korea's economy is showing signs of slowing down, with domestic demand sputtering due to sluggish construction and shrinking investment in equipment and facilities. The latest forecasts from the Bank of Korea have sharply downgraded growth expectations to around 0.8 percent, fueling fears of zero growth this year. As the outlook darkens, the new leader will face a critical challenge of translating commitments into concrete measures to revive the economy. In response, the next financial authorities are expected to ramp up efforts to carefully balance sizable fiscal stimulus with an accommodative monetary policy. On the monetary front, the Bank of Korea responded swiftly last week, cutting its key rate from 2.75 percent to 2.5 percent in an effort to stimulate spending. Kim Jin-wook, an economist at Citigroup, noted that Korea's economic outlook remains challenging, expecting deeper cuts this year. 'We expect the Bank of Korea to pursue a rate-cutting cycle, with a 25-basis point cut each in August 2025, November 2025 and February 2026, toward a 1.75 percent terminal rate,' he said. Kim warned that the cumulative negative effect of US tariffs on Korea's gross domestic product growth for 2025-26 is projected to be among the most severe, compared to other major economies. The upcoming administration is already contemplating at least 30 trillion won ($21.8 billion) in a second extra budget, prioritizing rapid deployment in sectors like small business, construction and social programs. If the supplementary budget is enacted, the growth rate could increase by 0.4 to 0.5 percentage point, according to an estimate from the Hyundai Research Institute. Based on the BOK's growth outlook, this could raise the forecast to the low 1 percent range. The new government's focus on fiscal stimulus is expected to target immediate needs, including supporting small retailers, which are suffering from declining consumer sentiment and soaring rent and labor costs. Infrastructure and urban renewal projects are set to receive prioritized investments to generate quick employment and economic activity. Tariff battle and tech leadership Korea's industrial sector faces its own set of urgent challenges with the escalation of US-led tariffs, initially targeting autos, steel and aluminum has already begun to hit exports hard. In May, shipments to the US shrank sharply, with auto exports plunging 32 percent annually and steel, auto parts also experiencing double-digit declines. The risk of future US measures raising tariffs to 50 percent remains a concern, especially for the steel industry, which accounts for about 13 percent of Korean exports. Negotiations with the US, which began in April, are focused on creating a 'July Package' that could lift tariffs before the current suspension expires on July 8, potentially saving key industries from further damage. Beyond trade issues, Korea must bolster its strategic industries such as semiconductors and artificial intelligence. Semiconductors, long a backbone of Korea's export-driven economy, have seen a global market share decline over the past five years, according to the Korea Institute for International Economic Policy, despite various government support measures, including tax credits for R&D. Experts argue that these measures need to be significantly enhanced, with increased subsidies and incentives to match those offered by the US, Japan and China. Artificial intelligence is also an area the new administration should swiftly address, as it represents both a key driver of future economic growth and a critical component of national competitiveness in the era of digital transformation. 'Regulatory reform must go beyond rhetoric. The new president should maintain the existing system which evaluates regulations that are in place, not just imposing new ones,' said Yang Jun-seok, an economics professor at Catholic University of Korea. Removing unnecessary regulations will be part of the foundation for nurturing Korea's next-generation industries in emerging sectors such as AI, robotics and biotechnology, according to Kim Tae-il, a public administration professor at Korea University. "With global competitors accelerating support for these strategic technologies, Korea cannot afford to fall behind."


Korea Herald
a day ago
- Korea Herald
Sparks fly after Jim Rogers refutes ‘endorsement' of Lee Jae-myung
Investor tells The Korea Herald he does not support or endorse anyone, but liberals cling on to claim Rival parties on Monday bickered over the authenticity of the Democratic Party of Korea's claims that veteran US investor Jim Rogers supported its presidential candidate Lee Jae-myung. The controversy snowballed Monday after Rogers denied his endorsement of Lee in several interviews with local media from late Sunday. In an email inquiry from The Korea Herald, Rogers replied, "I do not support or endorse or anything any candidate there," when asked whether he supports or has endorsed Lee. Despite Rogers' direct denial, Kim Jin-hyang, the former head of the Kaesong Industrial Complex, who read the letter of 'endorsement' during a Democratic Party press conference Thursday insisted the endorsement was real. 'I officially confirm that Chairman (of Rogers Holdings and Beeland Interests, Inc.) Jim Rogers' support of candidate Lee Jae-myung is true,' Kim said in a statement jointly released with Song Kyung-ho, a professor at Pyongyang University of Science and Technology. Song, who is based in London, said that he communicated with Rogers on the messenger app WeChat from May 26-29, during which he agreed to release the letter of to the press. Kim explained that the gap in stance between Rogers and themselves was merely a 'misunderstanding." In the same statement, Song said that Rogers did express his 'support' for Lee. Song claimed that Rogers requested him to draft a support letter for Lee, but expressed regret that the media "misinterpreted" it as an endorsement. The two released screen captures of a WeChat conversation, showing Rogers responding, 'Thanks! This is fine.' However, the draft that Rogers approved was more measured in tone than the version released by the Democratic Party. In the draft, Rogers is quoted as saying, 'That is why I recognize the pragmatic approach of Lee Jae-myung, a leader who is focused not on ideology or political distractions.' By contrast, the final English version shared by the Democratic Party quoted Rogers as saying, 'That is why I strongly support Lee Jae-myung.' It goes on to describe Lee as 'a leader with the courage and vision to end the era of confrontation and open a new chapter of peace, growth, and global leadership for Korea,' and also contains a direct appeal: 'The choice is Lee Jae-myung.' Democratic Party chief spokesperson Cho Seung-rae told reporters 'there was apparently a process of refining the statements' made by Rogers, saying claims of 'fraud' were 'excessive.' In a Friday Facebook post, Lee Jae-myung had welcomed the "endorsement" of Rogers, highlighting the investor's longstanding interest in the inter-Korean economic ties. The People Power Party on Monday afternoon filed a complaint with prosecutors against candidate Lee, Rep. Lee Jae-gang and several others involved in the matter, for spreading false information and defamation. The party denounced the Democratic Party's claims as 'an international fraud' and called for Lee to drop out of the presidential race. People Power Party Interim Chair Kim Yong-tae said during the party's election committee meeting Monday morning that the Democratic Party's claims are 'incorrect stories spread by a person who met (Rogers) briefly a few years ago.'


Korea Herald
a day ago
- Korea Herald
Kospi reclaims 2,700 intraday amid preelection momentum
South Korean stocks held firm Monday as anticipation of Tuesday's presidential election helped extend recent gains, with the benchmark Kospi reclaiming the 2,700 level during intraday trading on the final session before a new administration takes office. The Kospi opened strong at 2,709.92, nearly 10 points above Friday's close, and climbed to an early high of 2,719.87 within the first 20 minutes. The index remained above 2,700 through the morning before paring gains to end slightly higher at 2,698.97. While slightly weaker than last week's momentum, Monday's performance marked a continuation of the recent rally. The Kospi had broken above 2,700 last Wednesday for the first time in nine months, after months of trading between 2,400 and the mid-2,600s and stalling near 2,600 in May. Institutional investors weighed on the market, emerging as net sellers of roughly 241.5 billion won ($175.8 million). Foreign investors flipped the Kospi into positive territory late in the session, ramping up purchases to end as the day's biggest buyers with a net 125.1 billion won. Retail investors also helped support the index, adding 99 billion won in net purchases. The secondary Kosdaq showed a contrasting trend, climbing around 0.8 percent to close at 740.29. Unlike the Kospi, retail investors turned net sellers, offloading roughly 120 billion won, while foreign and institutional investors stepped in as net buyers, purchasing 111.7 billion won and 14.3 billion won, respectively. 'With the Kospi awaiting the outcome of Tuesday's presidential election, the market is heading into the holiday without a clear directional catalyst,' said Lee Jae-won, analyst at Shinhan Securities. Sector performance was mixed, with no clear trend across industries. Chipmakers such as Samsung Electronics and SK hynix posted modest gains, while Hyundai Heavy Industries and Hanwha Aerospace also stood out among heavyweight advancers. In contrast, financial stocks, which had rallied last week, surrendered part of their recent gains. Meanwhile, the Korean won weakened about 0.7 percent to trade near 1,374 won per US dollar as of 4 p.m. Monday.