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Archive by category Food & Beverage

Naver Named as Top-Performing Firm in South Korea

SEOUL, May 24 (Korea Bizwire) – Naver Corp. was picked as the top firm for its business performance among the country’s major 500 companies, data showed Tuesday, beating Samsung Electronics Co. According to the data compiled by industry tracker CEO Score, South Korea’s No. 1 Internet portal operator received top remarks in a business evaluation that centered on eight areas, including earnings, investment, job creation and transparency. While Naver stood as the [...]

Sales of Organic Food Plunge Amid Economic Slump

SEOUL, May 23 (Korea Bizwire) – Sales of organic food products in South Korea have nearly halved in recent years, as the long-term economic slump sees more and more consumers in the country hesitate to open their wallets for eco-friendly and chemical-free produce. What was once fast becoming a popular lifestyle choice on the back [...]

Trade Body Promotes Inroads Into Halal market

SEOUL, May 22 (Korea Bizwire) – South Korea should aggressively woo the global halal market to diversify its export destinations, a local trade organization said Monday. The Institute for International Trade under the Korea International Trade Association (KITA) called halal the world’s biggest blue ocean and niche market. Halal is a widely applied Islamic dietary [...]

Gov’t Moves to Import Danish, Thai Eggs amid Supply Shortage

SEOUL, May 11 (Korea Bizwire) – The South Korean government is set to import eggs from Denmark and Thailand to curb a continuing price hike here stemming from a supply shortage in the wake of the bird flu outbreak late last year, it said on Thursday. South Korea has been dealing with rising egg prices [...]

Uptrend in Food Prices Forecast to Ease After Presidential Poll

SEOUL, May 11 (Korea Bizwire) – South Korean food makers are likely to refrain from jacking up their prices following the inauguration of the new government, leading to a let-up in the recent uptrend, analysts said Thursday. The upbeat prediction comes as the Moon Jae-in government is widely predicted to rein in rising food prices [...]

Beer Sales on Rise as Consumers Opt for Light Drinking

SEOUL, May 2 (Korea Bizwire) – Sales of beer in South Korea are posting robust growth this year, largely backed by strong demand for imported beers, as consumers prefer to have light drinks over a meal instead of heavy liquor, industry sources said Tuesday. According to data by E-Mart, the country’s largest discount outlet chain [...]

Korea to Adopt Restaurant Sanitation Grading System

SEOUL, April 28 (Korea Bizwire) – South Korea will introduce a sanitation grading system for restaurants from next month, the food ministry said Friday. From May 19, restaurants can voluntarily apply to get hygiene ratings, the ministry of Food and Drug Safety said. The Korea Agency of HACCP Accreditation and Services (KAHAS) will conduct on-site [...]

Korean Breweries Desperate to Preserve Market Share from Import Beers

SEOUL, April 24 (Korea Bizwire) – Local breweries are on high alert with the emerging presence of imported beer brands in the South Korean market. Although an estimate, as breweries in South Korea refrain from disclosing specific sales statistics to for competitive purposes, industry experts believe that foreign breweries accounted for more than 10 percent [...]

Samsung Reinforces “Club des Chefs Korea” For Innovative Goods

From left are chefs Kang Min-goo, Lim Ki-hak, Kwon Hyung-jun, Yim Jung-sik and Lee Chung-hoo. (Image: Yonhap) SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. said Friday a renowned South Korean baker has joined the list of chefs providing one of the world’s leading consumer electronics manufacturer with insight and expertise for the development [...]

Convenience Store Chains Release Ice Products and Cold Beverages Amid Soaring Sales

SEOUL, April 18 (Korea Bizwire) – As the weather warms up in South Korea, major convenience store chains are releasing new spring and summer products ranging from iced tea and caffe lattes to plastic cups filled with ice cubes to drink a cold beverage out of. The market for ice products in the convenience store [...]