SEOUL, May 17 (Korea Bizwire) – The glory days of energy drinks weren’t going to last forever. They were once big among youngsters at weekend social gatherings, or with students surviving long nights during exam periods. But the fad has clearly faded. Now, ironically, there is a new trend of beverages that apparently help you relax [...]
SEOUL, May 12 (Korea Bizwire) – Although the idea seems disturbing to many, insects have long been part of human cuisine. So here is the latest update to Korean entomophagy: an insect-based soup will be launched, possibly by the year’s end. JeongPoong, a Korean food enterprise, revealed that it came up with a new recipe for [...]
SEOUL, May 9 (Korea Bizwire) – Cooking is big in Korea. There are currently more than a dozen cooking shows on Korean television, featuring variety of cuisines, restaurants, and famous chefs, and department stores are benefitting from this food-frenzy phenomenon. Major department stores like Shinsegae are hosting well-known restaurant franchises at their outlets, attracting consumers [...]
SEOUL, May 2 (Korea Bizwire) — Korean conglomerates are entering the fast-increasing market for domestic animals. Aekyung is teaming up with Irion to launch a new pet-care brand called WHISTLE. WHISTLE was developed after careful consideration and research into domestic animals, which are often vulnerable to bacterial skin diseases, and have thin layers of skin. [...]
SEOUL, May 2 (Korea Bizwire) — A market survey has revealed that cherries are becoming increasingly popular. According to Lotte Mart, cherries made up four percent of all fruits sold in 2015, holding ninth place in the rankings. Cherry sales have increased consistently over the past three years, rising from 2.3 percent market share in [...]
SEOUL, April 26 (Korea Bizwire) – American-style breakfasts and brunches are becoming increasingly popular, and as such, so are related groceries such as bread, ham, bacon, coffee, and fruits. Rising numbers of working couples and single-person households seeking simpler breakfasts, along with fast delivery services of fresh groceries seem to be the major factors leading [...]
SEOUL, April 18 (Korea Bizwire) – The economic impact on certain farmers of locally raised fresh fruits has proven to be relatively high compared to others, based on price declines following the South Korea-U.S. Free Trade Agreement. Carrots, grapes and blueberries have been designated for support from government subsidies, according to the Ministry of Agriculture, [...]
SEJONG, April 15 (Korea Bizwire) – South Koreans’ meat consumption has increased a large extent for the past few decades but still lags far behind the average intake of other advanced countries, a government report showed Friday. According to the report from the Ministry of Agriculture, Food and Rural Affairs, the country’s annual per-capita consumption [...]
SEOUL, April 14 (Korea Bizwire) – Banana-flavored snack cakes known as ‘pies’ in Korea are rising as a new ‘hot item’ in the snack market. Lotte Confectionery announced that it sold more than 15 million of its ‘Mon Cher Choco & Banana’ snacks, which it launched in March. The popularity of the product also boosted interest [...]
SEOUL, April 14 (Korea Bizwire) – The increasing popularity of drinking at home alone or with family has lead to an increase in online sales of drinking-related products and snacks. According to online shopping site Tmon (www.tmon.co.kr), sales of beer and soju glasses, liquor mixers, and snacks to accompany alcoholic beverages are in high demand. Tmon officials [...]