SEOUL, Jun. 18 (Korea Bizwire) — With a surge in the number of single-unit households and as interest in health and diet by the public grows, ready-to-eat eggs are becoming more popular as they do not require cooking for consumption. According to Lotte Mart, sales of the pre-cooked eggs grew 16.7 percent between January and [...]
SEOUL, Jun. 12 (Korea Bizwire) — A food festival held in the Vietnamese capital of Hanoi aimed at creating awareness of Korean food ended in great success with over 200,000 people flocking to the event. The K-Food Fair kicked off on June 9 for a two day run. The fair’s success is mainly attributed to [...]
SEOUL, Jun. 11 (Korea Bizwire) — With more chicken joints in Korea starting to charge for delivery, a survey found that most consumers have strong negative feelings about this phenomenon. According to survey of 1,000 men and women between the ages of 15 and 58 by market research firm Embrain, 65 percent of respondents who [...]
SEOUL, Jun. 8 (Korea Bizwire) — A new study has found that South Koreans now consume bread every four days. Due to changes in eating habits, the baking industry saw an increase of nearly 50 percent in sales over a four-year period. According to a joint study conducted by the Ministry of Agriculture, Food and [...]
SEOUL, Jun. 8 (Korea Bizwire) — The market for home meal replacements (HMR) is growing rapidly due to rising living expenses and continued economic stagnation. The popularity of replacement meals is being fueled by consumers who are looking for “value for money” meals that do not compromise on taste. According to Link Aztec, a market [...]
SEOUL, Jun. 7 (Korea Bizwire) — Food companies are strengthening their summer season noodle products to match the warming weather, releasing new or upgraded brands for the market, which last year stood at 114.8 billion won (US$107.18 million). The market has been growing at a stable 20 percent or so every year. Industry officials say [...]
SEOUL, Jun. 4 (Korea Bizwire) — Similar to the “High Pass” system employed on highways, allowing cars to automatically pay tolls, a Starbucks version is in the works. Starbucks Korea revealed today that it was implementing its “My DT Pass” system for the first time in the world via Korea’s drive-through coffee shops. “My DT [...]
SEOUL, May 30 (Korea Bizwire) — The number of South Korean food service firms in foreign countries rose 2.7 percent in 2017 from a year earlier, but their profitability deteriorated sharply due mainly to stiffer competition, a survey showed Wednesday. The survey released by the Korea Foodservice Industry Research Institute showed that 193 South Korean [...]
SEOUL, May 28 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs announced yesterday that along with aT Korea Agro-Fisheries & Food Trade Corporation, the Ministry will be showcasing Korean food ingredients to American consumers thanks to the help of YouTube star Maangchi. Addressing the theme “Red and spicy vegetable food ingredients of [...]
SEOUL, May 13 (Korea Bizwire) — Local beer is steadily being sidelined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea’s production base, industry observers here said Sunday. Market insiders said that South Korean distributors are currently competing with each other to secure rights to import foreign beer [...]