SEOUL, March 29 (Korea Bizwire) – As the demand for fresh, healthy juice products is rising, new products are flooding into the market. According to the market research company LinkAztec, the Korean ‘squeezed juice’ market grew 30 percent from 21 billion won in 2013 to 27.5 billion won last year. To meet consumer demand for [...]
SEOUL, March 29 (Korea Bizwire) – Starbucks Korea opened three more “startup” cafes aimed at helping foster the launch of creative businesses by young adults on Tuesday in partnership with the government. The Ministry of Science, ICT and Future Planning and the Presidential Committee on the Young Generation have reached out to the local arm [...]
SEOUL, March 29 (Korea Bizwire) – A restaurant specializing in dishes made with insects has opened in Seoul. Surprisingly, the restaurant has been packed since its opening, and is fully booked for the next few months. Although insects are known to be a great source of protein, and often mentioned as the ‘food of the [...]
SEOUL, March 24 (Korea Bizwire) – A recent report indicates that eight out of ten restaurants nationwide that offer delivery have partnerships with delivery applications. Baedal Minjok, Baedaltong, and Yogiyo issued a joint report that revealed statistics about restaurants offering delivery services. The researchers investigated 702 restaurants nationwide from November 2015 to February 2016, to [...]
SEOUL, March 23 (Korea Bizwire) – Korean food products are turning out to be hugely popular in the Chinese market, and exports of processed foods have almost doubled over the past five years. Korean processed food exports are now worth almost five percent of the Chinese imported food market. According to a report issued by [...]
SEOUL, March 23 (Korea Bizwire) – Food companies have started to cut down the sugar levels in their products to match consumer awareness of the substance blamed for rising obesity, industry officials said Wednesday, in step with government moves to reduce its intake through state-level measures. According to LinkAztec, a market research company, the business-to-consumer (B2C) [...]
SEOUL, March 22 (Korea Bizwire) – The number of single-person households in Korea has continued to increase, and now makes up a quarter of the total, exerting great influence on the food and beverage, retail, and service industries. According to recent industry reports, the number of single-person households reached 5.06 million last year (26.5 [...]
SEOUL, March 18 (Korea Bizwire) – The spread of western eating habits is introducing Koreans to a new world of cheese. Once thought of as the greasy and smelly ingredient that made western food ‘western’, cheese is now being integrated into the lives of Koreans, creating new types of dishes as well as new opportunities [...]
SEOUL, March 18 (Korea Bizwire) – The rapid increase in the number of single- person households is bringing about great change in consumer behavior. As a result, companies are changing tactics to meet the new market reality. According to a report from the Segye Ilbo, a Korean daily newspaper, the number of single-person households was [...]
JEONJU, March 9 (Korea Bizwire) – Korean scientists have uncovered evidence as to why ‘hanwoo’ (Korean beef) tastes so good. Hanwoo is considered to be a ‘special occasion food’, only consumed on important gatherings or offered as a gift at holidays because of its great taste and extremely high prices. Although Koreans don’t have to [...]