SEOUL, Jan. 9 (Korea Bizwire) — Michelin-star chef Gordon Ramsay’s Street Burger restaurant is set to open in Hyundai Department Store in southern Seoul, company officials said Monday. Street Burger is a namesake casual burger joint founded in 2020 by the British celebrity chef Gordon Ramsay. The Seoul restaurant will be the first global location [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s imports of coffee soared nearly 45.1 percent in the first 11 months of 2022 from a year earlier on its growing popularity here, data showed Monday. The value of the country’s coffee imports came to US$1.19 billion in the January-November period, up 45.1 percent from the previous [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — Sustainable food is a promising area worth betting on not only businesswise but also for its social and environmental impact, one of the reasons why SK is targeting Asia and Europe for a market expansion, a senior SK executive has said. Kim Dae-jung, vice president at SK Inc.’s Green [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — For anyone who has experienced Korean culture, they should be familiar with the letter “K” being used like a prefix to highlight the Korean identity, like K-pop that has become so widely known. In a corner of this year’s CES, a show that outdoes the conventional in the mecca [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s food industry is releasing a string of gift sets using eco-friendly packaging ahead of the Lunar New Year holiday. Dongwon F&B Co. released a gift set packaged in an eco-friendly material, Paper Press. It is 100 percent made of paper. A tray made of this material has [...]
SEOUL, Dec. 21 (Korea Bizwire) — The prices of popular cakes selling at South Korea’s major bakery and coffee chains rose sharply over the past year amid high inflation. The price of Paris Baguette’s Strawberry Fraisier Cake rose to 32,000 won (US$24.90) from 27,000 won last year. A Twosome Place’s Strawberry Fresh Cream Cake saw [...]
SEOUL, Dec. 20 (Korea Bizwire) — An increasing number of hamburger chains are jumping into the breakfast market as the floating population in morning hours increased due to the loosening of pandemic restrictions. Burger King’s breakfast-only menu item King Morning, which recently returned after a two-year hiatus due to the COVID-19 pandemic, passed the 14,000 [...]
SEOUL, Dec. 16 (Korea Bizwire) — The size of South Korea’s meat substitute market is forecast to exceed 20 billion won (US$15.2 million) this year, an industry tracker said Thursday. According to a report from Euromonitor International, the size of the nation’s alternative meat market is expected to reach $16.9 million this year, up 28 percent [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korean food producer Pulmuone Co. said Tuesday it will begin supplying products to 18 campuses in the U.S., including the University of Massachusetts and the University of California, after signing a contract to provide plant-based food. Pulmuone’s local affiliate, Pulmuone Foods USA, Inc., first jumped into the U.S. [...]
SEOUL, Dec. 13 (Korea Bizwire) — Nearly two-thirds of South Koreans in their 20s and 30s have positive views about alternative meat, a survey showed Monday. Shinsegae Food Inc., a food business arm of South Korea’s Shinsegae Group conducted a survey of 1,000 people in their 20s and 30s, 67.6 percent of whom thought positively [...]