SEOUL, Oct. 19 (Korea Bizwire) — A Twosome Place, a South Korean coffee shop franchise operated by CJ Foodville, is improving its position in the local market, outpacing its rivals with an expanded network of branches nationwide, data showed Thursday. A Twosome Place, an affiliate of CJ Group, had 894 shops as of the end [...]
SEOUL, Oct. 18 (Korea Bizwire) – CJ Cheil Jedang, the food giant and operator of the Bibigo food brand, revealed that China’s leading state-run TV network CCTV (China Central Television) reported October 5 on the popularity of home meal replacements in South Korea. “Previously, home meal replacements amounted to little more than cup noodles, but [...]
SEOUL, Oct. 17 (Korea Bizwire) — Light drinking can raise the risk of cancers for Koreans who have less ability to perform enzymatic alcoholysis compared with Westerners, a local report said Tuesday. The report by Seoul National University Hospital (SNUH) in Bundang, Gyeonggi Province, contradicts the established theory that light drinking can lower cardiovascular disease [...]
SEOUL, Oct. 16 (Korea Bizwire) – Increased interest in healthy living is leading to a shift in food choices, as evidenced by the growth of the lactic acid bacteria food product market to 2 trillion won. Despite a so-called ‘population wall’ that has put a hold on increased expansion of the food industry, lactic acid [...]
SEOUL, Oct. 16 (Korea Bizwire) – Amid burgeoning pet ownership in South Korea, imports of pet food products have increased drastically, according to data from agriculture authorities. With over 10 million South Koreans owning a companion animal, imports of pet food products have risen steadily since 2014, widening the gap with the country’s exports of [...]
SEOUL, Oct. 11 (Korea Bizwire) — Global investment giant Goldman Sachs has invested US$30 million in a local bakery ingredients maker amid the rapid expansion of the country’s dessert market, the Korean firm said Wednesday. Sun-in Co. said the investment will be spent to improve its manufacturing and distribution facilities, as well as to develop [...]
SEOUL, Oct. 11 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Wednesday it will invest 200 billion won (US$176 million) to further foster its instant meal business in the next three years to meet robust consumer demands. The affiliate of the country’s food and entertainment giant CJ said it aims [...]
SEOUL, Oct. 9 (Korea Bizwire) — Exports of South Korean ramyun instant noodles, beer and dried laver to China have surged despite the diplomatic row over the deployment of an advanced anti-missile system here, government data showed Monday. According to data provided by the Ministry of Agriculture, Food Rural Affairs exports of the three products [...]
SEOUL, Oct. 6 (Korea Bizwire) — Sales of Makgeolli, a Korean rice wine, have decreased for three consecutive years after experiencing a boom several years ago. According to a report from the Statistics Korea on October 4, the volume of Makgeolli consumed domestically in the second quarter was 8,8000 ㎘, 3.1 percent down from the [...]
SEOUL, Sept. 29 (Korea Bizwire) – South Korean poultry giant Harim Group is set to build a smart factory in Iksan, in an effort to protect and improve animal welfare in a country that has been hit with a series of bird flu outbreaks in recent years. Harim Group announced plans to invest 179 billion won [...]