SEOUL, Apr. 19 (Korea Bizwire) — For the first time ever, Orion Corp. sold more of its signature Choco Pies in Vietnam than in South Korea last year. The South Korean confectionery firm reported on Thursday that sales of Choco Pies in Vietnam rose 15 percent on-year to 92 billion won (US$80.95 million) last year, [...]
SEOUL, Apr. 4 (Korea Bizwire) — Starbucks Coffee Korea Co. said Friday it will increase the number of cashless stores to 759 outlets across South Korea to better cater to the growing popularity of digital and credit card payments. More than 60 percent of the 1,280 stores operated by the coffee giant will only accept [...]
SEOUL, Apr. 4 (Korea Bizwire) — With air pollution becoming part of daily life in South Korea, the dining industry, especially “take-out” companies, have suffered a severe drop in customers. Companies are responding by increasing delivery services so that customers can purchase their food without having to leave home. Furthermore, direct management stores are selling [...]
SEOUL, Apr. 2 (Korea Bizwire) — South Korea’s agricultural promotion agency said Tuesday that it has teamed up with a local university to find ways to preserve rice cakes for up to eight months, paving the way to expand exports. The Rural Development Administration and Kangwon National University said they have found ways to preserve [...]
SEOUL, Mar. 31 (Korea Bizwire) — Overseas sales of Choco pie, Bibigo Mandu and Shin Ramen all exceeded 300 billion won (US$263.8 million) last year, a milestone for South Korean food producers that have strived to expand into new markets amid tanking demand at home, industry data showed Sunday. The three products, often referred to [...]
SEOUL, Mar. 28 (Korea Bizwire) — South Korean imports of U.S. food spiked nearly 20 percent on-year to a record high in 2018 due to lower tariffs and a jump in meat imports, a report said Thursday. South Korea imported US$9.37 billion worth of U.S. farm, livestock and food products last year, up 19.7 percent [...]
SEJONG, Mar. 26 (Korea Bizwire) — South Korea has launched a probe into Heineken Korea Co. and AE Brands Korea for allegedly manipulating beer import prices to pay lower tariffs, the country’s top customs official said Tuesday. Kim Yung-moon, commissioner of the Korea Customs Service (KCS), said in a parliamentary finance committee session that the [...]
SEOUL, Mar. 22 (Korea Bizwire) — Purchases of instant meals by busy middle-aged South Koreans soared nearly 1.6 times this year thanks to their convenience, industry data showed Friday. According to major online shopping mall Gmarket, sales of instant rice, soup and other meals to customers in their 40s and 50s jumped 152 percent on-year [...]
SEOUL, Mar. 11 (Korea Bizwire) — Delivery services in South Korea are in the midst of diversification. In addition to delivery services for famous restaurants, there are now services that deliver pork belly grilled at ‘shared kitchens’. Even lunch boxes from convenience stores, shampoo, and other everyday goods can now be delivered. Delivery Hero Korea, [...]
SEOUL, Feb. 25 (Korea Bizwire) — Food companies are coming up with variety of recipes, including salmon and tuna, for home meal replacement (HMR) products. In 2017, South Koreans consumed 58.4 kilograms of fishery products per person, surpassing Japan to become the largest consumers in the world. According to the Norwegian Seafood Council, the favorite [...]