GWANGJU, Jan. 2 (Korea Bizwire) – Recently, a surge of “local food direct sales stores” has emerged in South Jeolla Province, eliciting positive responses from consumers and invigorating the local economy. Local food pertains to products sourced and consumed within a close geographic proximity, typically within a 50-kilometer radius. Traditionally, challenges like elevated prices and diminished [...]
SEOUL, Dec. 24 (Korea Bizwire) –As end-of-year celebrations and gatherings increase, South Korean liquor companies are opening a series of pop-up stores to capture consumers’ attention. Focusing on the MZ generation (those born in the early 1980s to early 2000s), these stores are enhancing marketing efforts by offering a range of merchandise and hosting cocktail [...]
SEOUL, Dec. 22 (Korea Bizwire) – A minuscule amount of cesium, a radioactive substance, was identified in a Japanese flavoring product utilized for certain flavor profiles. Consequently, the importer opted to voluntarily retract the importation of the product. As reported by the Ministry of Food and Drug Safety (MFDS) on December 22, a radioactivity examination [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Monday it will cut the factory price of its soju products by 10.6 percent in January, helped by the government’s tax benefits. Hitejinro will deliver its soju products, Chamisul and Jinro, at 1,115 won (US$0.9) per bottle to its wholesale clients [...]
SEOUL, Dec. 12 (Korea Bizwire) — Canadian coffee brand Tim Hortons said Tuesday it will open 150 outlets in South Korea within five years as it plans to open its first store in southern Seoul on Thursday. Tim Hortons has decided to enter the Korean market, which has a vibrant coffee market where coffee consumptions [...]
SEOUL, Dec. 12 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened seven new outlets in Southeast Asia as part of its global expansion strategy. Paris Baguette opened three new stores in Singapore, two in Indonesia and two in Malaysia as it seeks [...]
SEOUL, Dec. 5 (Korea Bizwire) — Lotte Chilsung Beverage Co., a unit of South Korea’s retail giant Lotte Group, said Tuesday it has signed an initial pact with a U.S. wine company for exports of its distilled liquor “soju” products to the U.S. market. Lotte Chilsung signed a memorandum of understanding (MOU) with California-based E [...]
SEOUL, Dec. 2 (Korea Bizwire) —As the year-end festivities approach, leading hotels in Seoul are captivating customers with a series of Christmas products, with particular attention drawn to a 300,000 won hotel cake. According to industry insiders, The Shilla Seoul is offering a limited-edition cake called “The Taste of Luxury,” priced at 300,000 won. This [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s exports of dried laver, or “gim” in Korean, and cooked rice reached an all-time high during the first 10 months of this year on their brisk overseas demand along with the popularity of Korean culture and food, the customs agency said Wednesday. Outbound shipments of gim came [...]
SEOUL, Nov. 19 (Korea Bizwire) –Whiskey sales at major retailers have outpaced those of imported beer, largely due to the rising popularity of the customizable highball trend. Conversely, imported beer, once a competitive force against local products, appears to have ceded ground to whiskey, particularly following the ascent of wine. E-mart reported on Sunday that [...]