SEOUL, Sept. 27 (Korea Bizwire) — Soft drinks are the most popular drink consumed by South Koreans, followed by coffee, a survey showed Wednesday. The survey of 500 people conducted by the Ministry of Agriculture, Food and Rural Affairs revealed 26.8 percent picked soda as their most favored drink, trailed by coffee at 17.6 percent. [...]
SEOUL, Sept. 25 (Korea Bizwire) – The local unit of U.S. fast food chain McDonald’s said Monday it will carry out inspections of all of its stores in South Korea after its allegedly undercooked burger patties were accused of causing health problems in local consumers. The Korea Food Safety Association (KFSA) will visit 440 McDonald’s [...]
MEXICO CITY, Sept. 22 (Korea Bizwire) — With a series of powerful earthquakes hitting Mexico and leaving hundreds of people dead, the Korean business community in the country is beginning to feel the negative impact of the devastating natural disasters. Though Mexico City, which was been rocked by a magnitude 7.1 earthquake, is slowly recovering [...]
SEOUL, Sept. 22 (Korea Bizwire) — The government’s directive for bakery chain Paris Baguette to hire over 5,000 contract employees has shaken the South Korean bakery industry to its core, with major players taking care to observe the impact of the ruling. The Ministry of Labor and Employment gave South Korea’s biggest bakery franchise a correction [...]
SEOUL, Sept. 21 (Korea Bizwire ) – The government ordered South Korea’s biggest bakery franchise Thursday to directly hire over 5,000 outsourced bakers and staff members at its franchisees, as it has breached the labor law that forbids a franchiser from training and supervising contracted workers. The Ministry of Labor and Employment has given Paris Baguette a correction order to recruit 5,378 employees at 3,396 franchise stores who [...]
SEOUL, Sept. 20 (Korea Bizwire) – After holding talks with CEOs of credit card companies in July and August, the Financial Services Commission (FSC) publicly disclosed that modifications to payment processing procedures will be implemented. One of the key points of the announced modifications is a system that will allow groups of restaurant-goers to split [...]
SEOUL, Sept. 19 (Korea Bizwire) — Sales of China’s Tsingtao beer have risen sharply in South Korea in recent months despite South Korean firms being hit by Beijing’s retaliation against Seoul for the deployment of a U.S. missile defense system on its soil, industry sources said Tuesday. Beijing insists the installation of the Terminal Altitude [...]
SEOUL, Sept. 18 (Korea Bizwire) — Dunkin’ Donuts is moving away from its donuts and coffee staples at a new ‘concept store’ in the trendy Hongdae neighborhood, a move industry watchers see as a bold initiative to expand its presence in the South Korean market and appeal to a wider audience. The South Korean unit [...]
SEJONG, Sept. 12 (Korea Bizwire) — South Korea said Tuesday that it aims to export more than US$1 billion worth of seaweed products annually by 2024 as part of its effort to diversify its overseas shipment portfolio. According to the report submitted to the Cabinet, the Ministry of Oceans and Fisheries said the country is [...]
SEOUL, Sept. 12 (Korea Bizwire) — Operating profits of Starbucks Coffee Korea are expected to exceed 100 billion won (US$88.4 million) this year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Tuesday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 52.8 billion won in operating [...]