SEJONG, Dec. 14 (Korea Bizwire) – The number of overseas restaurants, bakeries and cafeterias run by South Korean companies jumped 17.6 percent on-year in 2016 on their efforts to expand overseas business, government data showed Wednesday. A total of 188 firms operated 5,476 stores in 50 countries as of end-2016, up from 4,656 overseas shops [...]
SEOUL, Dec. 12 (Korea Bizwire) – A new advertisement by alcoholic beverage manufacturer Absolut Vodka depicting an image of a massive anti-government rally in South Korea has stoked controversy, industry sources said Monday. The global leading vodka brand, owned by French group Pernod Ricard, disclosed its new advertisement on its official Facebook on Saturday. The [...]
SEOUL, Dec. 9 (Korea Bizwire) – Stores and restaurants near Gwanghwamun Square, which has been the center of mass candlelight protests for almost two months, have seen sales soar with the ongoing civil unrest. According to KB Kookmin Card, the number of credit card transactions increased by 24 percent to 1,086,910 compared to last year [...]
SEOUL, Dec. 9 (Korea Bizwire) – South Korea’s imports of U.S. beef jumped 47.6 percent on year in the first 10 months of this year, data showed Friday, partly because of a falling demand for pricey Korean beef amid the implementation of an anti-graft law. Imports of foreign beef are expected to further rise after [...]
SEOUL, Dec. 8 (Korea Bizwire) – Egg prices in South Korea are showing signs of jumping as a large number of chickens have been culled due to the recent outbreak of avian influenza, industry sources said Thursday. The country has seen highly pathogenic bird flu cases spread at a rapid pace since mid-November when the [...]
SEOUL, Dec. 7 (Korea Bizwire) – Sales of Korean beef have decreased as consumers prefer cheaper imported beef with the implementation of an anti-graft law, industry data showed Wednesday. E-Mart, the No. 1 discount store chain operated by Shinsegae, said sales of Korean beef came to 11.1 billion won (US$94.7 million) in November, down 25.5 [...]
SEOUL, Dec. 6 (Korea Bizwire) – Prospective job seekers hoping to land a job with Sempio, a local food manufacturer, will now have to practice their chopsticks skills. The company announced Monday that it will implement job test that evaluates applicants’ chopsticks skills starting in December. Interviewers will observe the use of chopsticks with the [...]
SEOUL, Dec. 5 (Korea Bizwire) – Korean coffeehouse franchise Hollys Coffee announced Monday that it is launching “K-cup” coffee capsules for Keurig coffeemakers in two flavors – Colombian Supremo and Espresso Rainforest Blend. Keurig entered the Korean market in July, and although Hollys Coffee has collaborated with other franchises to make Keurig-specific coffee capsules, this [...]
SEJONG, Dec. 2 (Korea Bizwire) – Exports of South Korean green tea soared 64.6 percent in the first 10 months of the year from a year earlier on the back of rising demand from Asia and Europe, customs data showed Friday. A total of US$3.67 million worth of green tea was shipped abroad in the [...]
SEOUL, Dec. 2 (Korea Bizwire) – Food and liquor products have been among the best-selling items at South Korean discount stores in 2016 as major chains have released a variety of home replacement meals and ready-to-eat products, industry data showed Friday. E-Mart, the nation’s largest chain operated by Shinsegae, said liquor was the most popular [...]