SEOUL, June 4 (Korea Bizwire) — CJ Foodville Corp., the restaurant arm of food and entertainment conglomerate CJ Group, said Wednesday its bakery franchise Tous les Jours has opened its first outlet in Malaysia as part of its overseas expansion strategy. In addition to the newly opened store in Kuala Lumpur, the company plans to [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
SEOUL, May 29 (Korea Bizwire) — SPC Samlip Co., a confectionery unit under SPC Group, said Thursday it will discontinue its popular “KBO Bread” line following a fatal accident at one of its factories. “After consultation with the Korea Baseball Organization (KBO), the production of KBO Bread will be halted,” the company said in a [...]
MANILA, May 29 (Korea Bizwire) — Korean dramas are not just winning hearts in the Philippines — they’re reshaping drinking habits, too. Fueled by scenes of characters sharing drinks over grilled pork belly or mixing soju and beer, a growing number of Filipinos in their 20s and 30s are embracing Korea’s iconic green-bottle liquor. At [...]
SEOUL, May 27 (Korea Bizwire) — Starbucks is breaking from its long-standing emphasis on face-to-face interaction by introducing self-ordering kiosks in South Korea and Japan — the first such move by the global coffee chain in either country. Starbucks Korea announced on Monday that it will begin rolling out kiosks this week at a limited number [...]
SEOUL, May 23 (Korea Bizwire) — Major coffee chains and instant coffee producers in South Korea are raising prices amid an increase in raw material costs, according to industry data Friday. Angel-in-us Coffee, operated by Lotte GRS Co., said it will increase beverage prices by 200 to 300 won (US$0.15-0.22) Thursday. CJ Foodville Corp.’s bakery [...]
SEOUL, May 22 (Korea Bizwire) – A new government study has found that cheonggukjang, Korea’s traditional fermented soybean paste, contains the highest proportion of bioavailable isoflavones among processed soybean foods, highlighting its superior health benefits. According to research released Thursday by the Gyeonggi Institute of Health and Environment, cheonggukjang leads in the proportion of non-glycosylated (aglycone) [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s leading food delivery app Baemin is teaming up with local streaming platform Tving to offer a bundled subscription service, in a move seen as a strategic response to growing competition from Coupang Eats, which operates its own streaming platform, Coupang Play. Woowa Brothers, the operator of Baemin, [...]
SEOUL, May 16 (Korea Bizwire) — Shares of Samyang Foods Inc., known for its globally popular Buldak spicy “ramyeon,” jumped nearly 20 percent after the company reported strong first-quarter earnings. On Friday, Samyang Foods jumped 19.07 percent to 1.18 million won (US$846), far outperforming the broader Korea Composite Stock Price Index (KOSPI), which ended up [...]
JEJU, May 14 (Korea Bizwire) — As food delivery fees and dining costs continue to climb, consumers in South Korea’s Jeju Province are turning in growing numbers to Meokkaebi, a government-backed public delivery app offering lower prices and incentives. According to provincial officials on Wednesday, monthly orders on Meokkaebi surged to 62,546 in April 2025, up 431% [...]