SEOUL, Feb. 8 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading food manufacturer, said Thursday its net profit rose 16.8 percent in 2017 from a year earlier on the back of brisk performance of its processed foods and overseas businesses. Net income came to 412.8 billion won (US$379.3 million) on a consolidated basis last [...]
SEJONG, Feb. 8 (Korea Bizwire) — South Korean food companies have been given the green light to resume sales of traditional chicken soup in China, as all related quarantine issue has been resolved, Seoul’s agriculture ministry said Thursday. Samgyetang is a traditional chicken soup made with a whole young chicken stuffed with ginseng, sticky rice [...]
SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]
SEJONG, Feb. 5 (Korea Bizwire) – The cost of eating out in South Korea rose to the highest level in nearly two years in January as a hike in ingredients and labor expenses drove up meal prices, data showed Saturday. The cost of meals sold at local restaurants and cafeterias increased 2.8 percent in January compared with a year earlier, the highest since February 2016, according to the data compiled by Statistics Korea. Prices of cafeteria and boxed [...]
SEOUL, Jan. 31 (Korea Bizwire) — A new café where robots serve drinks has opened in Seoul. South Korean Coffeehouse chain Dal.komm Coffee held a launch event for the new robot café ‘b;eat’ on Tuesday at Some Sevit Floating Island in Seocho District, Seoul, celebrating the first robot café which opened at Incheon Airport’s new Terminal [...]
SEOUL, Jan. 29 (Korea Bizwire) – Shinsegae Food Inc., the food manufacturer of retail giant Shinsegae, said Monday it has earned a halal certificate for the cafeteria it will operate during next month’s Winter Olympics in South Korea, as part of its efforts to meet various demands of athletes from all across the globe. Shinsegae Food said its halal food zone at the athletes’ village has received a certificate from the Korea Muslim [...]
SEOUL, Jan. 29 (Korea Bizwire) – Hite Jinro Co., South Korea’s leading liquor manufacturer, said Monday its combined sales in key European countries jumped 60 percent on-year, as it moves to expand its presence in the global market. A total of 220,000 cases of beer were sold in European countries, including England, France, Germany and Russia, according [...]
SEOUL, Jan. 26 (Korea Bizwire) — A majority of South Koreans favor banning the import of Japanese fishery products, a survey showed Friday, underscoring lingering safety concerns about possible radioactive contamination. Radioactive water leaked following the meltdown at Japan’s Fukushima nuclear power plant in 2011. The Consumers Union of Korea polled 1,023 adults across the [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea’s fisheries production was the fifth largest among members of the Organization for Economic Co-operation and Development (OECD) in 2015 and the government reduced the budget support for the local industry, the oceans ministry said Thursday. South Korea caught wild fisheries and aquatic plants worth $5.44 billion in [...]
SEOUL, Jan 25 (Korea Bizwire) — Confectionery firm Orion Corp. said Thursday it sold more than 500 million of its Choco Pies in Vietnam last year, a milestone that underscores of popularity of its signature snack. Considering that Vietnam’s population is about 100 million, the sales amount to the equivalent of each person consuming five [...]