SEOUL, Aug. 8 (Korea Bizwire) — U.S. fast-food chain McDonald’s, embroiled in a controversy over alleged undercooked hamburger patties, has filed a court injunction seeking to ban the disclosure of the result of a consumer agency’s probe, the agency said Tuesday. The Korea Consumer Agency (KCA) originally planned to publish a press release the same [...]
SEOUL, Aug. 7 (Korea Bizwire) — Koreas seas, once teeming with fish, are in danger of near depletion. In 1981, the pollack catch stood at a healthy 170,000 tons. In 2008? Zero. Once labeled “the people’s fish” for its affordability and delicious flavor, fish like the pollack are now considered to be in danger of [...]
SEOUL, Aug. 3 (Korea Bizwire) — A new report has claimed South Korea’s ageing population will reshape the landscape of the country’s industry. The report from the Bank of Korea (BOK) released on Wednesday discusses the relationship between an ageing population and industrial structure, welfare and the healthcare service industry. In the report, Kang Jong-gu, the [...]
SEOUL, Aug. 2 (Korea Bizwire) — The sales of small-sized food products jumped in the first half of this year on rising demands from one-person households, industry data showed Wednesday. According to E-Mart Inc., South Korea’s largest discount chain operator, sales of small fruit containers rose 71.9 percent on-year in the January-July period. Auction, a [...]
SEOUL, July 25 (Korea Bizwire) – The founder of a local pizza franchise will face trial on charges of embezzlement and breach of trust worth 15 billion won (US$13.4 million), prosecutors said Tuesday. The Seoul Central District Prosecutors’ Office has indicted Chung Woo-hyun, ex-head of MP Group, for misappropriating company funds, breach of duty and [...]
SEOUL, July 25 (Korea Bizwire) – CJ Cheiljedang Corp., South Korea’s leading processed foods maker, said Tuesday it will spend 70 billion won (US$63 million) on building a new production complex in Vietnam to expand its presence in the Southeast Asian market. The Korean firm said it held a groundbreaking ceremony Monday for the 66,000 [...]
SEOUL, Jul. 24 (Korea Bizwire) — News that noodle maker Ottogi has been listed as one of the fifteen companies included in President Moon’s powwow with major business leaders on July 27 has caught many by surprise. The list contains industry heavyweights such as Hyundai and Samsung, which makes the inclusion of a middle-sized company [...]
SEOUL, Jul. 24 (Korea Bizwire) — Sales of locally sourced vegetables are on the rise in South Korea as an increasing number of consumers show interest in the fresher and cheaper alternatives. According to South Korean retail giant Lotte Mart, sales of locally sourced vegetable products during the first half of this year increased by over [...]
SEOUL, Jul. 20 (Korea Bizwire) — In response to the discovery of an animal believed to be infected with mad cow disease, the first discovery in the U.S. in five years, the Ministry of Agriculture, Food and Rural Affairs convened an emergency meeting with related agencies on July 19. According to the Ministry, the U.S. [...]
SEOUL, Jul. 19 (Korea Bizwire) — As South Korea’s economic slump continues to take its toll on consumers, and with the price of seafood on a steady rise, off-cuts of seafood that have been widely ignored by the public such as salmon head and squid mouth are becoming increasingly popular. According to data released by online [...]