SEOUL, April 18 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading processed food maker, said Wednesday its dumpling factory in Russia has begun full-fledged operations after going through some stabilization work as the firm moves to expand its presence in the European market. The company recently completed upgrading the facilities in St. Petersburg after [...]
SEOUL, Apr. 16 (Korea Bizwire) — Shinsegae Food Inc., the food manufacturer of South Korean retail giant Shinsegae, said Monday it has earned a halal certification for its Korean instant noodles as it moves to expand its presence in the Southeast Asian market. The instant noodles product, “ramyeon” in Korean, developed by a joint venture [...]
SEOUL, April 13 (Korea Bizwire) – BHC Co., a local fried chicken franchise operator, said Friday it will invest 17 billion won (US$16 million) to create jobs for young people as the country struggles with high youth unemployment rate. The company said it will lend 15 billion won to young people to open branches of the fried chicken franchise free of interest and spend another 2 billion won in supporting their employment. BHC said it will lend 50 million to 200 million won per store with a 10-year [...]
SEOUL, April 12 (Korea Bizwire) — South Korea’s insect industry is on the rise. In North Gyeongsang Province, the number of insect farms increased by 63 percent last year, from 244 to 398 households with an increase of 209 workers. Since 2014, when there were 68 households farming insects, the industry has seen more entrants [...]
SEOUL, Apr. 11 (Korea Bizwire) — South Korea’s domestic cereal bar market grew 19.6 percent on-year in 2017 amid a rapid increase of the number of single-person households, a report showed Wednesday. The market size for cereal bars was estimated at around 49 billion won (US$46 million) last year, Dongsuh Foods Corp. said, citing a [...]
SEOUL, Apr. 10 (Korea Bizwire) — The government is facing growing calls to introduce stricter GMO labeling laws. Over 200,000 people have now backed a petition on the official Blue House website calling for stricter GMO labeling and a ban on the use of GMOs in schools. With 202,010 people on board as of Monday afternoon, [...]
SEOUL, Apr. 10 (Korea Bizwire) — South Korea’s trade ministry said Monday it has filed an appeal against a ruling by the World Trade Organization (WTO) on its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster. Japan officially lodged a complaint at the WTO in 2015 to challenge South Korea’s import bans [...]
SEOUL, Apr. 9 (Korea Bizwire) — South Korea’s IT firm SK Broadband Inc. said Monday it has joined forces with popular chain Domino’s Pizza to allow users to track locations of orders using Internet-of-Things (IoT) technology. SK Broadband said the delivery drivers of Domino’s will be given a device that connects to the ordering systems [...]
SEOUL, April 6 (Korea Bizwire) — Hite Jinro Co., a major South Korean liquor maker, on Friday said that one of its soju products will hit store shelves in the Philippines in the coming days as it strives to expand into the vast Southeast Asian market. Jinro Light, which has an alcohol content of 17 [...]
SEJONG, Apr. 6 (Korea Bizwire) — Imports of lamb topped a new record high last year on the back of rising demand for the meat in South Korea, official data showed Friday. The country’s imports of lamb hit US$109 million, up 81.5 percent from $60 million tallied in 2016, according to the data compiled by [...]