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CJ Cheiljedang Partners With Thailand’s CP Axtra to Expand K-Food in Southeast Asia

CJ Cheiljedang Partners With Thailand’s CP Axtra to Expand K-Food in Southeast Asia

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 [...]

Gov’t to Launch AI-Powered Price Comparison Platform for Farm Goods Next Year

Gov’t to Launch AI-Powered Price Comparison Platform for Farm Goods Next Year

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 [...]

Korean Fish-Shaped Pastry Goes Global as Frozen Desserts and K-Content Fuel Export Boom

Korean Fish-Shaped Pastry Goes Global as Frozen Desserts and K-Content Fuel Export Boom

SEOUL, Nov. 20 (Korea Bizwire) — Once a nostalgic winter street snack sold from roadside carts, bungeoppang — Korea’s fish-shaped pastry filled traditionally with sweet red bean — is fast becoming a breakout product in the global bakery market, buoyed by advances in frozen food technology and the worldwide rise of Korean pop culture. According to [...]

Soft Power to Hard Numbers: K-Consumer Goods Record Explosive Growth

Soft Power to Hard Numbers: K-Consumer Goods Record Explosive Growth

SEOUL, Nov. 18 (Korea Bizwire) — South Korea’s consumer goods exports—long considered a supporting player to the country’s heavyweight industries—are rapidly emerging as a new growth engine, fueled by the global spread of Hallyu and the runaway popularity of titles like the animated film K-Pop Demon Hunters. Government data show that exports of K-food, K-beauty, and [...]

Food Service Industry Shifts Toward Senior Market Amid Aging Boom

Food Service Industry Shifts Toward Senior Market Amid Aging Boom

SEOUL, Nov. 10 (Korea Bizwire) —  South Korea’s aging population is transforming the country’s food service industry, with leading catering companies pivoting toward senior housing and care facilities as a new growth market. According to industry officials, with the number of people aged 65 and older surpassing 10 million for the first time last year, [...]

Seoul Moves to Tighten Rules on “Decaf” Coffee After Consumer Complaints

Seoul Moves to Tighten Rules on “Decaf” Coffee After Consumer Complaints

SEOUL, Nov. 7 (Korea Bizwire) —  South Korea’s food safety regulator plans to introduce stricter labeling standards for decaffeinated coffee following growing concerns that many products marketed as “decaf” still contain significant amounts of caffeine. The Ministry of Food and Drug Safety (MFDS) announced Thursday that it will revise national labeling rules to allow coffee [...]

Government Tightens Grip on Shrinkflation After Kyochon Controversy

Government Tightens Grip on Shrinkflation After Kyochon Controversy

SEJONG, Nov. 6 (Korea Bizwire) — South Korea’s agriculture minister said Wednesday that restaurant companies should be required to inform customers when they reduce product sizes, as public anger grows over so-called “shrinkflation” — the practice of cutting portions while keeping prices the same. “It is a matter of consumers’ right to know,” Agriculture Minister Song [...]

Alcohol Ads Triple in Korean Media, Led by Cable and General TV Channels

Alcohol Ads Triple in Korean Media, Led by Cable and General TV Channels

SEOUL, Nov. 4 (Korea Bizwire) — Alcohol advertisements in South Korea’s media have nearly tripled over the past decade, with most of the surge coming from cable and general programming television channels, a government report showed Sunday. According to data from the Ministry of Health and Welfare and the Korea Health Promotion Institute, the number of [...]