SEOUL, July 3 (Korea Bizwire) — Burger King Korea announced Thursday that burger recipes and ingredients developed in South Korea are gaining popularity in global markets, signaling the growing influence of Korean consumer tastes on international fast food trends. According to the company, the “Quattro Cheese Whopper,” originally developed in Korea in 2013, has been [...]
SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]
SEOUL, July 2 (Korea Bizwire) — Grabbing lunch in Seoul’s central business districts has become a significantly pricier affair, with Samseong-dong topping the list at ₩15,000 (approx. $11) per meal — the highest average in the greater Seoul area, according to new data released by NHN Payco. The company analyzed 9 million transactions made through [...]
SEOUL, July 1 (Korea Bizwire) — A growing wave of discontent is brewing in South Korea’s café culture over so-called “café villains” — patrons who turn coffee shops into de facto personal offices, setting up laptops, monitors, and even partition screens for extended stays. The controversy reignited after a viral photo showed a customer occupying [...]
SEOUL, June 30 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle manufacturer, announced Monday the debut of its signature Shin Ramyun menu at a franchise restaurant located within Fort Bliss, a major U.S. military base in Texas. This marks the first time Nongshim’s ramen dishes have been featured as official menu items [...]
SEOUL, June 25 (Korea Bizwire) — Kyochon Chicken, South Korea’s third-largest fried chicken franchise, will withdraw from delivery app Coupang Eats starting next month as part of an exclusive partnership with market leader Baedal Minjok (Baemin). The move marks the industry’s first known case of a delivery platform offering preferential terms in exchange for app [...]
SEOUL, June 25 (Korea Bizwire) — After a seven-year hiatus, Starbucks Korea has reintroduced plastic straws at select locations across the country, citing customer feedback and improvements in eco-friendly materials. Beginning June 25, the coffee chain will offer both paper and plant-based plastic straws at around 200 stores, primarily located in hospitals and residential areas. [...]
SEOUL, June 24 (Korea Bizwire) – As inflation continues to weigh heavily on South Korean households, major retailers are adopting a “reverse pricing” strategy—setting a target sale price first and working backward to meet it—reshaping how goods are planned, priced, and sold. Rather than determining prices based on production costs and margins, companies like E-Mart, [...]
SEOUL, June 19 (Korea Bizwire) — On a weekday afternoon in Seoul, a single-person household places a modest ₩9,000 food order through Baemin. It’s a small indulgence—but soon, it will come with even smaller strings attached. In a move that could reshape the economics of Korea’s food delivery market, Woowa Brothers Corp., the operator behind [...]
SEOUL, June 18 (Korea Bizwire) — The Bank of Korea has raised alarm over South Korea’s persistently high cost of essential goods, warning that it is outpacing both inflation and global averages, and is stifling consumer spending—particularly among low-income households. In a report released Wednesday, the central bank found that from the onset of the [...]