SEOUL, Jan. 2 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Thursday it is in the final stage of talks to build a US$160 million bakery plant in Texas under plans to expand its business in North and Latin American markets. SPC is fine-tuning with the City of Burleson in [...]
SEOUL, Jan. 2 (Korea Bizwire) — Global K-pop sensation Rosé, known for her hit collaboration “APT.” with Bruno Mars, recently shared her love for Korean snacks on a YouTube channel, praising the spicy version of Nongshim’s Shrimp Crackers. “They get spicier as you eat them,” she remarked, while also reminiscing about celebrating birthdays during her trainee [...]
JEJU, Dec. 30 (Korea Bizwire) — Jeju’s government-run food delivery app Mukkebi has achieved a milestone of over 10 billion won ($7.5 million) in cumulative transactions just two years after its launch in December 2022. According to the Jeju Provincial Government, as of December 23, 2024, the platform has registered 44,064 members and 3,352 partner restaurants. [...]
SEOUL, Dec. 30 (Korea Bizwire) — Starbucks Korea announced its top 10 best-selling beverages of 2024, with the classic “Café Americano” once again claiming the top spot. Following closely was the “Café Latte,” maintaining its second-place ranking since the company began tracking sales rankings in 2009. For the first time, a tea-based drink, “Grapefruit Honey Black [...]
SEOUL, Dec. 19 (Korea Bizwire) — Samyang Foods Inc., famous for its Buldak spicy ramen, said Thursday it will invest 201.4 billion won (US$139 million) to build its first overseas plant in China by early 2027 to meet the growing local demand for its products. Samyang plans to establish a subsidiary in Singapore in the [...]
SEOUL, Dec. 18 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s leading food delivery platform Baedal Minjok, unveiled “hyper-personalization,” “slow aging,” and “customized consumption” as major dining trends for 2024. The company announced these insights on December 17 at the 2024 Baemin Restaurant Conference in Seoul’s COEX, leveraging its proprietary data to identify [...]
SEOUL, Dec. 17 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, will consider building additional overseas plants or acquiring a local company for further expansion after fully establishing its first overseas plant in Vietnam, a company executive said Tuesday. Hitejinro’s US$77 million soju manufacturing plant is under construction at the Green-i-Park industrial complex [...]
SEOUL, Dec. 17 (Korea Bizwire) – Coca-Cola Beverage, a subsidiary of LG Household & Health Care, has conducted its first voluntary retirement program since being acquired in 2007. The program, targeting older employees in the sales and logistics departments, reflects growing pressure on the company amid declining profits in the domestic beverage market. Details of the [...]
SEOUL, Dec. 16 (Korea Bizwire) – Maeil Dairies Co., a major dairy product manufacturer, on Monday issued an apology over an accident involving the mixing of cleaning solution in one of its sterilized milk products during production. Maeil Dairies CEO Kim Seon-hee said in a statement posted on the company website that a valve operation [...]
SEOUL, Dec. 13 (Korea Bizwire) – With South Korea’s bottled water industry facing growing competition, Coca-Cola Beverage is making its bid for the premium segment with a new product launch, adding another player to an increasingly crowded market where longtime leader Jeju Samdasoo has seen its market share slip below 40%. Coca-Cola announced on December 12 [...]