SEOUL, June 7 (Korea Bizwire) — More than 8 in 10 smaller food firms in South Korea have taken a hit from sky-high international grain prices caused by extreme weather events and Russia’s invasion of Ukraine, a poll showed Tuesday. The survey of 213 small and medium-sized food firms showed 82.6 percent of the respondents [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s leading food manufacturers are releasing a series of vegan food products to cater to rising demand among the MZ generation born between the 1980s and 2000s. Maeil Dairies Co., the nation’s leading dairy company, teamed up with a famous local bakery to release a vegan bread made [...]
SEOUL, April 20 (Korea Bizwire) — South Korea’s wheat import prices soared to an over 13-year high in March on the impact of Russia’s invasion of Ukraine and a global supply chain bottleneck, data showed Wednesday, exerting upward pressure on food prices here. The country’s import prices of wheat amounted to US$402 per ton last [...]
SEOUL, April 19 (Korea Bizwire) — The number of employees in the food service segment rose 1.2 percent on-year in October last year as the job market improved amid the economic recovery, data showed Tuesday. The number of people employed at restaurants and eateries reached 1.56 million last October, up 19,000 from a year earlier, [...]
SEOUL, Jan. 28 (Korea Bizwire) — With gathering restrictions and business curfews in place throughout the pandemic, the alcoholic beverage industry, among other hospitality-related sectors, has faced setbacks from the protracted coronavirus crisis. But on the back of the shifting drinking culture, such as the growing trend of at-home solo drinking and home parties, and [...]
SEOUL, Nov. 23 (Korea Bizwire) — Korean craft beers selling at convenience stores are enjoying a surge in popularity. Three years ago, the convenience store beer market was dominated by imported beers thanks to a hugely popular promotion in which four cans were selling for 10,000 won (US$8.42). Today, the situation has changed with each [...]
SEOUL, Oct. 15 (Korea Bizwire) — Beer has long been a key ingredient of mixed drinks in South Korea, but changing appetites and the extended coronavirus pandemic have turned consumers toward diverse and unique flavors of craft beer. Craft beer sales are on the rise, as a growing number of people work from home due [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s wine imports nearly doubled in the first eight months of 2021 from a year earlier as more people enjoyed drinking at home and alone amid the coronavirus pandemic, data showed Thursday. Asia’s fourth-largest economy imported US$370.5 million worth of wine in the January-August period, up 96.5 percent [...]
SEOUL, Sept. 2 (Korea Bizwire) — The environment ministry said Thursday it has forged agreements with water bottling companies across the country to supply label-free water products to local government offices and transportation service providers. The deals call on nationwide water companies to provide label-free water products to six metropolitan city government offices and 22 [...]
SEOUL, Aug. 30 (Korea Bizwire) — South Korea’s wine imports hit a fresh high in 2020 as more people enjoyed drinking at home and alone due to the coronavirus pandemic, data showed Monday. Asia’s fourth-largest economy imported US$330 million worth of wine last year, up 27.3 percent from a year earlier, according to the data [...]