SEOUL, June 16 (Korea Bizwire) – The antitrust regulator said Monday it has launched an investigation into the Korea Egg Producers Association (KEPA) over allegations that the group played a leading role in driving up egg prices. According to the Fair Trade Commission (FTC), investigators were dispatched to the association’s offices to look into suspicions [...]
SEOUL, June 15 (Korea Bizwire) — For many South Korean households, the rising cost of everyday groceries is no longer just an inconvenience—it’s a growing burden. From fresh eggs to packaged snacks, the price tags lining supermarket shelves are fueling consumer frustration and prompting government action. According to data released Sunday, South Korea ranked as [...]
SEOUL, June 15 (Korea Bizwire) — As summer temperatures begin to climb, South Korea’s major retailers are seeing a sharp uptick in sales of sliced and mini watermelons, reflecting a growing consumer preference for convenience and smaller servings—especially among the nation’s increasing number of one- and two-person households. Traditionally seen as a “the bigger, the [...]
SEOUL, June 13 (Korea Bizwire) — Officials from South Korea’s food and restaurant industry associations called on the government Friday to take steps to reduce import costs of key materials and support public delivery platforms. In a meeting with Prime Minister nominee Kim Min-seok, the officials said recent price increases in the food sector were [...]
SEOUL, June 13 (Korea Bizwire) — South Korea’s leading food service brands are accelerating the development of proprietary mobile apps to improve convenience, enhance customer engagement, and differentiate their services in a competitive dining market. On Thursday, Baskin-Robbins Korea launched its official mobile application, offering delivery and takeout ordering, reservation services, product recognition features, and [...]
SEOUL, June 11 (Korea Bizwire) — Samyang Foods Inc., known for its globally popular Buldak spicy ramyeon, said Wednesday it has completed a plant expansion to meet rising global demand for its signature product. The company said it has constructed a second production facility adjacent to its existing plant in Milyang, some 280 kilometers southeast [...]
SEOUL, June 10 (Korea Bizwire) — A growing number of South Korean consumers are purchasing eco-friendly agricultural products, but high prices continue to hinder broader adoption, according to a government survey released Monday. The Ministry of Agriculture, Food and Rural Affairs reported that 76.8% of respondents said they had purchased eco-friendly produce at least once in [...]
SEOUL, June 9 (Korea Bizwire) — Hitejinro Co. said Monday its flagship soju brand Jinro has been named the world’s best-selling spirit for the 24th consecutive year by the British drinks industry publication, Drinks International. In 2024, Hitejinro sold 96.8 million cases (9 liters per case) of soju products worldwide, the company said in a [...]
JEJU, June 8 (Korea Bizwire) — Starbucks Korea has introduced the country’s first in-store mailbox at its Jeju Sehwa Drive-Thru location, offering customers a unique “slow mail” experience while promoting environmental sustainability. Announced on June 8, the initiative features a special mailbox donated by the Jeju Regional Post Office, designed to send postcards exactly one year after [...]
CHUNCHEON, South Korea, June 5 (Korea Bizwire) — In a bid to stabilize South Korea’s troubled dried pollock (hwangtae) industry, Gangwon Special Self-Governing Province announced on Thursday that it will launch a two-day campaign on June 9–10 to restore order to hwangtae distribution. The initiative will take place at the Jumunjin Traditional Market in Gangneung [...]