SEOUL, Jan. 12 (Korea Bizwire) – The number of agricultural corporations has nearly quadrupled over the past decade, government data showed Friday, as South Korean farmers have been struggling to cope with an influx of agricultural products from overseas. The figure was 19,413 as of the end of 2016, up from 5,307 in 2006, according [...]
SEOUL, Jan. 11 (Korea Bizwire) – With demand for home meal replacements on the rise, meal kits are gaining popularity in South Korea. Unlike ready-made meals that can be eaten after simply being warmed up in a microwave, meal kits consist of prepared ingredients and sauces that consumers must cook on their own. According to [...]
SEOUL, Jan. 11 (Korea Bizwire) – Labor and management at Paris Baguette, South Korea’s largest bakery franchise, on Thursday reached an agreement to set up an affiliate to hire bakers, ending a months-long dispute over employment. In September, the government said SPC Group, the franchise’s operator, violated the country’s labor laws in connection with the hiring conditions of more than 5,300 bakers [...]
SEOUL, Jan. 11 (Korea Bizwire) — Golden Blue Co. said Thursday its signature brand of the same name ranked No. 1 in the nation’s whisky market last year amid growing popularity of low alcohol whisky among young consumers. A total of 374,609 boxes of Golden Blue, a homegrown whisky, were sold in 2017, accounting for [...]
SEOUL, Jan. 11 (Korea Bizwire) – With a new consumer tendency that prioritizes satisfaction over cost-effectiveness sweeping across South Korea, an increasing number of luxury hotels are introducing strawberry buffets to target trendy consumers. ‘Strawberry desert buffets’ are almost becoming an annual event at luxury hotels in South Korea, as a growing number of consumers now [...]
SEOUL, Jan. 10 (Korea Bizwire) — The number of new convenience stores in South Korea dropped last month, ostensibly due to this year’s minimum wage hike. According to industry sources, a total of 83 stores were added by the three major convenience store chains CU, GS25, and 7-Eleven in December – 44, 25, and 14, respectively. [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s squid catch fell to the lowest level in five years in 2017, dented by Chinese boats’ overfishing in the East Sea, a report showed Wednesday. South Korean boats caught a total of 12,082 tons of squid in coastal waters and the open sea last year, which was [...]
SEOUL, Jan. 10 (Korea Bizwire) — Despite the government dismantling an attempt by a leading chicken franchise to raise the cost of its meals last year, the matter appears to have maintained relevance, with the industry once more abuzz with discussion of what some believe is a necessary price adjustment. The industry is arguing that [...]
SEOUL, Jan. 9 (Korea Bizwire) — The Cabinet is to renew a ban on TV advertisements for high calorie, low nutrient foods from 5 p.m. to 7 p.m. daily, in an effort to tackle child obesity. The ban, which also prohibits mid-program ads of such foods during children’s TV programs at other times, was first [...]
SEOUL, Jan. 8 (Korea Bizwire) — Foreigners satisfaction over traditional Korean food, known as hansik in Korea, was the lowest in the neighboring country of Japan, poll showed Monday, amid frayed ties between the two countries over a number of diplomatic issues. Japanese people’s awareness of Korean food came at 32.8 percent, compared to the [...]