SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s most familiar fish may soon become a luxury item. Mackerel, a staple of the Korean diet, is facing mounting supply pressures as climate change shrinks domestic catches and Norway — the country’s dominant foreign supplier — moves to sharply cut its harvest. The combined squeeze is already pushing [...]
SEOUL, Dec. 31 (Korea Bizwire) — Imports of long-life sterilized milk into South Korea have surged over the past decade, even as overall milk consumption declines and domestic dairy producers struggle with high costs and shrinking demand. According to data from the Korea Customs Service, imports of sterilized milk rose more than tenfold, from about 4,000 [...]
SEOUL, Dec. 29 (Korea Bizwire) — Orion Corp., a South Korean food and health care company, said Monday it will invest 240 billion won (US$167 million) to expand its production facilities in Russia by 2027 to meet growing local demand for K-foods. Orion currently operates two plants in Russia — one in Tver and the [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s fried chicken industry has crossed a symbolic threshold, with the number of franchise outlets nationwide surpassing 30,000 for the first time, even as signs of market saturation intensify and growth prospects dim at home. According to the National Data Policy Agency’s 2024 Franchise Statistics released on December [...]
SEOUL, Dec. 23 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it has opened its fourth overseas “experience space” for “ramyeon” products at John F. Kennedy International Airport in New York. The U.S. outlet follows earlier openings of Shin Ramyun Bunsik in Ho Chi Minh City, Vietnam, in August; Harajuku, [...]
SEOUL, Dec. 9 (Korea Bizwire) — The government plans to devise a customized strategy to address non-tariff trade barriers faced by South Korean food exporters, while establishing a dedicated help desk for the firms to navigate shifting trade dynamics, the agriculture ministry said Tuesday. The Ministry of Agriculture, Food and Rural Affairs unveiled the plan [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korean food company CJ Cheiljedang Corp. said Tuesday it has partnered with Thailand’s largest retailer, CP Axtra, to expand its K-food business in Southeast Asian markets. CJ Cheiljedang signed a memorandum of understanding (MOU) with CP Axtra, an affiliate of Thai conglomerate CP Group, to introduce an expanded [...]
SEOUL, Nov. 24 (Korea Bizwire) — The government said Monday it plans to launch an information and price comparison platform for agricultural products that is powered by artificial intelligence (AI) next year as part of its broader effort to adopt AI-based public services. At the inaugural meeting of a new government consultation group consisting of [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s exports of dried seaweed, known as gim, surpassed $1 billion for the first time this year, buoyed by rising global demand and strengthened production capacity, the Ministry of Oceans and Fisheries said Sunday. As of Nov. 20, exports reached $1.015 billion, up 13.2 percent from a year earlier [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s kimchi exports are expected to hit an all-time high this year amid rising global demand for Korean food, customs data showed Monday. Overseas sales of kimchi, a traditional Korean side dish typically made from cabbage, reached US$137.39 million in the first 10 months of 2025, up 2 [...]