SEOUL, June 30 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle manufacturer, announced Monday the debut of its signature Shin Ramyun menu at a franchise restaurant located within Fort Bliss, a major U.S. military base in Texas. This marks the first time Nongshim’s ramen dishes have been featured as official menu items [...]
SEOUL, June 25 (Korea Bizwire) — Kyochon Chicken, South Korea’s third-largest fried chicken franchise, will withdraw from delivery app Coupang Eats starting next month as part of an exclusive partnership with market leader Baedal Minjok (Baemin). The move marks the industry’s first known case of a delivery platform offering preferential terms in exchange for app [...]
SEOUL, June 25 (Korea Bizwire) — After a seven-year hiatus, Starbucks Korea has reintroduced plastic straws at select locations across the country, citing customer feedback and improvements in eco-friendly materials. Beginning June 25, the coffee chain will offer both paper and plant-based plastic straws at around 200 stores, primarily located in hospitals and residential areas. [...]
SEOUL, June 24 (Korea Bizwire) – As inflation continues to weigh heavily on South Korean households, major retailers are adopting a “reverse pricing” strategy—setting a target sale price first and working backward to meet it—reshaping how goods are planned, priced, and sold. Rather than determining prices based on production costs and margins, companies like E-Mart, [...]
SEOUL, June 19 (Korea Bizwire) — On a weekday afternoon in Seoul, a single-person household places a modest ₩9,000 food order through Baemin. It’s a small indulgence—but soon, it will come with even smaller strings attached. In a move that could reshape the economics of Korea’s food delivery market, Woowa Brothers Corp., the operator behind [...]
SEOUL, June 18 (Korea Bizwire) — The Bank of Korea has raised alarm over South Korea’s persistently high cost of essential goods, warning that it is outpacing both inflation and global averages, and is stifling consumer spending—particularly among low-income households. In a report released Wednesday, the central bank found that from the onset of the [...]
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 [...]