SEOUL, March 13 (Korea Bizwire) — Food processing companies are raising prices of their products citing rising costs of raw materials, labor and other outlays, industry sources said Tuesday. CJ Cheiljedang Corp., South Korea’s largest food and feed company, increased the prices of five kinds of Korean dumplings by an average 6.4 percent March 1. [...]
TOKYO, March 6 (Korea Bizwire) — More than 100 South Korean food companies joined a food fair in Chiba, Japan, on Tuesday as Korean food is regaining popularity here helped by the growing popularity of “hallyu.” South Korea’s exports of food items to Japan surpassed the US$2 billion mark last year, the highest since 2012, [...]
SEOUL, Feb. 26 (Korea Bizwire) – Going forward, egg farms will be required to provide the date when the egg was laid and information on the hen’s living environment on egg shells. The Ministry of Food and Drug Safety stated on February 23 it had issued an official notification regarding modifications to livestock and poultry [...]
SEOUL, Feb. 26 (Korea Bizwire) – Going by the revenues convenience store chain 7-Eleven pulled in from February 9 through 24 – the dates when key South Korean performances were held at the PyeongChang 2018 Winter Olympics – the winter sport category most rooted for was women’s curling. An analysis tracking the fluctuations in sales [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea will appeal the World Trade Organization’s ruling on its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster and keep them in place until a final decision is made, Seoul’s trade ministry said Friday. Japan officially lodged a complaint at the WTO in 2015 to [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s seafood imports rose 10.5 percent in 2017 from a year earlier on growing appetite for foreign shrimp and salmon, the maritime ministry said Wednesday. South Korea imported US$5.14 billion worth of seafood last year, with the total volume hitting 1.48 million tons, according to the Ministry of [...]
SEOUL, Feb. 20 (Korea Bizwire) – South Koreans’ household spending on food rose for the first nine months of last year, a sign of weak recovery in private consumption, data showed Tuesday. Households spent a total of 573.6 trillion won (US$537.3 billion) during the January-September period, up 3.3 percent from a year earlier, according to the data from the Bank of Korea. At the same time, household spending on food items rose 4.7 percent on-year to 78.9 trillion won. Based on the data, the [...]
SEOUL, Feb. 19 (Korea Bizwire) — Sales of imported beer at South Korean convenience stores have risen sharply, store operators Sunday, as more consumers opt for variety and a growing number of people drink at home. BGF Retail Co., the operator of CU, South Korea’s largest convenience store chain, said sales of foreign beer brands [...]
SEOUL, Feb. 13 (Korea Bizwire) – An increasing number of households are using strawberries and bananas for ancestral memorial rites during the Lunar New Year. According to data from the Rural Development Administration (RDA), over 8 in 10 South Koreans buy fruits for memorial ceremonies, with nearly 1 in 4 serving strawberries and bananas for [...]
SEOUL, Feb. 13 (Korea Bizwire) — Prosecutors said Tuesday they will not file charges against the local unit of McDonald’s, citing a lack of evidence undercooked burgers at its restaurants caused illness among some customers. The Seoul Central District Prosecutors’ Office released the result of its investigation into the fast food chain that was prompted [...]