SEOUL, Nov. 5 (Korea Bizwire) – French beef is set to make its return to South Korean markets after a 24-year hiatus, marking a significant development in bilateral trade relations. The ban, implemented in 2000 due to concerns over Bovine Spongiform Encephalopathy (BSE), commonly known as mad cow disease, was recently lifted following extensive safety verifications. [...]
SEOUL, Nov. 4 (Korea Bizwire) – In a significant nod to the growing global popularity of Korean instant noodles, Indonesia’s leading noodle manufacturer has unveiled a new Korean Ramyeon product line featuring K-pop sensation NewJeans, as international companies increasingly capitalize on the K-food phenomenon. Indomie, a subsidiary of Indonesian food giant Indofood and one of the [...]
SEOUL, Oct. 31 (Korea Bizwire) — The oceans ministry said Thursday it will work to establish the Korean name “gim” as a globally recognized term for seaweed products as part of efforts to boost their exports. “South Korea has been facing hurdles in promoting its gim products, as they have been referred to by various [...]
SEOUL, Oct. 28 (Korea Bizwire) – In a growing trend that reflects South Korea’s rising food costs, office workers are increasingly turning to convenience store meals delivered through quick commerce services for their lunch breaks. “With restaurant prices skyrocketing, it’s becoming burdensome to eat out every day,” said an individual identified only as Yu, an officer [...]
SEOUL, Oct. 25 (Korea Bizwire) – In a sign of mounting challenges for the world’s largest coffee chain, Starbucks has withdrawn its fiscal 2025 outlook amid declining sales and profitability concerns that span from its U.S. home market to South Korea. The coffee giant reported disappointing preliminary fourth-quarter results on October 22, with global revenue falling [...]
SEOUL, Oct. 24 (Korea Bizwire) — The antitrust regulator said Thursday it has decided to fine Papa John’s Korea 1.48 billion won (US$1.07 million) for unfair business practices against franchise shops. The pizza restaurant chain had allegedly designated 15 kinds of cleaning products, including hand soaps, as must-buy items from the headquarters and forced franchise [...]
SEOUL, Oct. 24 (Korea Bizwire) – What kinds of wine do shoppers who spend more than 100 million won annually at department stores prefer? According to data released on October 23 by Galleria Department Store, Burgundy wines and champagne dominate their luxury wine purchases. An analysis of sales from The Vino 494, the upscale wine boutique [...]
SEOUL, Oct. 21 (Korea Bizwire) — Bhc chicken, South Korea’s largest chicken franchise by sales, said Monday it has opened its first outlet in Canada as part of its goal of opening 300 outlets in North America within five years. The company’s first store in Canada is located at The Well, a downtown shopping mall [...]
UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less. The provincial government announced on October 16 that it would be accepting applications from [...]
SEOUL, Oct. 15 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened its 600th overseas outlet in Canada as part of its global expansion strategy. SPC has opened 30 outlets in North America this year, bringing the total in the mainstay markets to [...]