SEOUL, Dec. 31 (Korea Bizwire) — With South Korea’s gross national income (GNI) expected to surpass US$30,000 this year, some predict that the domestic dining market will decline in the coming year. According to Prof. Choi Kyu-wan of Kyunghee University, the dining industry goes through three stages with economic and social development: a growth period, [...]
SEOUL, Dec. 31 (Korea Bizwire) — The traditional alcoholic beverage “makgeolli” has contributed to the increased consumption of alcoholic beverages by older women, a report showed Monday. According to the report conducted by a team of researchers at Seoul National University College of Medicine, a daily average of alcoholic beverages consumed by women aged between [...]
SEOUL, Dec. 28 (Korea Bizwire) — E-coupons for dining are selling like hot cakes as the end of the year approaches. The increased sales seem to be reflecting the lifestyle changes of many South Korean workers. With employees now limited to 52 hours of work per week, the number of work-related drinking get togethers has [...]
SEOUL, Dec. 27 (Korea Bizwire) — Prices of boxed lunch products have increased at the fastest pace among all ready to eat meals sold this year, government data showed Thursday. According to the data by Statistics Korea, the prices of lunch boxes, which are mostly sold at convenience stores, increased 6.5 percent compared to the [...]
SEOUL, Dec. 26 (Korea Bizwire) — The production of sauces has increased in South Korea, as the prevalence of traditional “homemade” meals has waned and the popularity of convenience food and eating out has increased. Various sauces are being produced to meet consumer needs, but a drop in sales of traditional sauces including ketchup and [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea will expand support to develop a wide range of quality fish cake products and step up marketing efforts to boost sales at home and abroad, the oceans ministry said Wednesday. The fish cake, called “eomuk” in Korean, is a processed seafood product made of ground white fish [...]
SEOUL, Dec. 19 (Korea Bizwire) — Exports of instant noodles, or “ramyeon,” are sure to exceed US$400 million this year, a state food agency said Wednesday. Shipments of ramyeon totaled $385 million as of the end of November, up 11.2 percent from the same period last year, according to the Korea Agro-Fisheries & Food Trade [...]
SEOUL, Dec. 12 (Korea Bizwire) — A public health law revision is under review to require pictorial warnings of health hazards on alcoholic beverages, officials said Wednesday. The warning labels will resemble those on cigarette packs, alerting consumers to health risks from drinking and the consequences of drunk driving, according to the officials from the [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea is expected to import less coffee for the first time in six years in 2018 as demand for the beverage has been hit by sluggish economic growth, market watchers here said Sunday. In the January-October period, total imports of coffee stood at 121,019 tons, down 1,103 tons [...]
SEOUL, Nov. 27 (Korea Bizwire) – Jin Ramen from Ottogi Co., a South Korean food company, will become South Korea’s first food product ever to be invited to an Indian home shopping program. Jin Ramen will be up for sale on Home Shop 18, India’s largest home shopping channel, starting this Thursday. Home Shop 18, [...]