SEOUL, May 6 (Korea Bizwire) — Seven in 10 households made online purchases of processed foods in 2024, a survey showed Tuesday, marking a sharp increase from a year earlier and a significant change in where and how people shop. According to the survey conducted by the Korea Rural Economic Institute, 72.3 percent of households [...]
SEOUL, April 28 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle maker, said Monday it has opened its first overseas “experience space” for its instant noodle, or ramyeon, products in Peru. Nongshim launched the new venue, named “Shin Ramyun Bunsik,” near Machu Picchu on April 21 (local time), aiming to promote its ramyeon [...]
SEOUL, April 24, (Korea Bizwire) — South Korea’s retail sector is undergoing a seismic shift as e-commerce giants and traditional retailers alike double down on fresh food—a category once dominated by brick-and-mortar stores—as a key to future growth and survival. Coupang, the country’s leading e-commerce platform, is aggressively expanding its fresh food business in 2025, [...]
SEOUL, April 22 (Korea Bizwire) – Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it plans to globally sell key chains featuring miniature replicas of the company’s ramyeon packaging, produced in collaboration with Japan’s leading toy company Bandai Co. Since 2022, Nongshim has partnered with Bandai to sell key chains modeled after its [...]
SEOUL, April 22 (Korea Bizwire) — For the first time in 35 years, South Korean-grown rice returned to Japanese shelves — and sold out within ten days. Amid a historic spike in domestic rice prices, Japanese consumers are turning to Korean imports, not only for affordability but also for quality and taste. According to the National [...]
SEOUL, April 19, (Korea Bizwire) — South Korea’s leading food delivery platform, Baemin, has drawn public backlash after introducing commission fees on takeout orders, a move critics say could burden small businesses and consumers while signaling the platform’s shifting business strategy. Starting April 14, 2025, Baemin began charging intermediary service fees on takeout orders, ending [...]
SEOUL, April 16 (Korea Bizwire) — South Korea’s top food delivery app Baemin is facing mounting criticism from small business owners after it began charging a 6.8% service fee on takeout orders this week—a move seen as a reversal of the hard-won compromise on delivery commissions reached in 2024. On April 14, the first day the [...]
SEOUL, April 14 (Korea Bizwire) — Dongwon Group, a major food company in South Korea, said Monday it will reorganize its food business affiliates to expand its overseas sales as part of its broader strategy to become a global player. At board meetings, the boards of directors approved a plan to make Dongwon F&B Co. [...]
SEOUL, April 10 (Korea Bizwire) — South Korean exporters are bracing for economic turbulence as the United States imposes sweeping reciprocal tariffs, effective April 9. The new trade measures levy a 25% tariff on South Korean exports—casting a shadow over high-performing sectors like K-food, K-beauty, and fashion that have found strong demand in the U.S. market. [...]
SEOUL, March 28 (Korea Bizwire) — Lotteria, a burger chain operated by Lotte Group’s affiliate Lotte GRS Co., will raise prices of its main products next week to pass higher costs onto customers, Lotte GRS said Friday. Lotteria will raise the prices of 65 items, including 23 burgers, beverages and desserts, by an average of [...]