SEOUL, Jan. 5 (Korea Bizwire) — South Korean snacks are increasingly gaining huge popularity in the global market as more consumers are addicted to new flavors and opted to pick up more Korean products in line with the Korean Wave, industry officials said Sunday. Exports of local snack products were tallied at US$43.14 million in [...]
SEOUL, Jan. 3 (Korea Bizwire) — A growing number of South Korean households are using the internet and mobile devices to buy food, a recent study has revealed. The Ministry of Agriculture, Food and Rural Affairs and the Korea Rural Economic Institute (KREI) conducted a survey of 2,016 households, 78.6 percent of whom responded that [...]
SEOUL, Dec. 31 (Korea Bizwire) — A recent study has showed that lactic acid bacteria contained in “makgeolli,” a South Korean traditional grain-based alcoholic drink, is capable of fighting off bacteria that cause food poisoning. The Gyeonggi-do Institute of Health and Environment conducted a study from January to November collecting 85 strains of lactic acid [...]
SEOUL, Dec. 23 (Korea Bizwire) — Wine sales accounted for a large portion of the liquor sold in the retail industry this year. Wine accounted for the largest portion of sales, surpassing that of local and imported liquor, for the first time, as Emart Inc., South Korea’s largest hypermarket chain, concluded its liquor sales from [...]
SEOUL, Dec. 20 (Korea Bizwire) — Consumers consider the brand’s ‘owner risk’ as an important standard of choice when eating out. According to a survey of 1,000 men and women between the ages of 16 and 64 conducted by market research firm Embrain Trend Monitor, more than half of respondents felt that “There have been [...]
SEOUL, Dec. 19 (Korea Bizwire) — The local fish cake industry has continued to grow as manufacturers of fish cakes, which used to be seen only as humble side dish ingredients, are changing consumer perceptions with high-end snacks. According to the Korea Agro-Fisheries & Food Trade Corp., sales of fish cakes in South Korea have [...]
SEOUL, Dec. 11 (Korea Bizwire) — “No Brand” burgers from Shinsegae Food Inc., the food manufacturing arm of South Korean retail giant Shinsegae, are dominating the hamburger market. Analysts say that Shinsegae’s cost-effectiveness strategy for its new No Brand Burger restaurants is behind such growth. The company managed to lower the price by more than [...]
SEOUL, Dec. 9 (Korea Bizwire) — With the continued growth of the delivery market, which is a hot topic in the food and restaurant industry, the era of consumers receiving bread delivered from bakeries near their homes to the front door has begun in earnest. Paris Baguette, the flagship bakery brand of South Korea’s SPC [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea said Wednesday it will double the size of key food industries by 2030 to serve as a new growth engine by easing regulations and revamping related policies. Under the plan, South Korea plans to focus on five major foodstuff industries, namely customized, functional, ready-to-eat, environmentally friendly and [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean instant noodles are making a strong comeback as the Chinese ramen market, after a recent stalemate, has been regaining vitality. The Korea Trade-Investment Promotion Agency (KOTRA) reported on Saturday that Chinese ramen imports surged from US$83.8 million in 2014 to $240 million last year. Imports of Korean instant [...]