SEOUL, Aug. 17 (Korea Bizwire) – Department store restaurants have long been a lucrative business. Accommodating hundreds of weary shoppers every day, they have sometimes been referred to as a ‘goose that lays a golden egg’. However, opening such a restaurant had been a near-impossible task without deep connections to the store’s higher-ups, until recently. [...]
SEOUL, Aug. 17 (Korea Bizwire) – Carbonated drinks have enjoyed rising popularity in South Korea over the past three years as younger customers are drinking more soda with fast food and Westernized meals, industry data showed Wednesday. The carbonated drink market was estimated at 936.2 billion won (US$856.1 million) in 2015, up from 848.6 billion [...]
SEOUL, Aug. 12 (Korea Bizwire) – An historic heat wave is enveloping the Korean peninsula, with average highs reaching 35 degrees Celsius across the country, and inland regions like Daegu and North Gyeongsang Province seeing temperatures approach 40 degrees. In fact, Seoul is expected to set a summer record for the most consecutive days with [...]
BUSAN, Aug. 11 (Korea Bizwire) – With the average legal-aged Korean consuming 90 bottles a year, soju is undoubtedly the most popular distilled alcoholic beverage in Korea. Virtually unknown abroad, the drink’s popularity has recently begun to pick up momentum overseas. Busan-based distiller Daesun is better known for its soju brand C1. According to Daesun, [...]
SEOUL, Aug. 8 (Korea Bizwire) – South Korea’s controversial anti-graft law governing free meals and gifts is expected to have a negative impact on department stores, while coming as a boon to discounters, convenience stores and food makers, sources said Monday. Slated to go into effect on Sept. 28, the Kim Young-ran anti-graft law named [...]
SEOUL, Aug. 5 (Korea Bizwire) – Frozen food was once seen as mere ‘survival food’ for hungry students, who would simply throw a prepared meal into the microwave and run it for a few minutes. But the popularity of these quick and convenient meals has soared thanks to improved quality, diversity, and most importantly, a [...]
SEOUL, Aug. 5 (Korea Bizwire) – South Korea will promote Korean traditional foods during the Summer Olympics in Brazil through promotional events and online sales to expand their presence on the global stage, the government said Friday. The Ministry of Agriculture, Food and Rural Affairs said it will set up a promotional booth, called the [...]
YEONGDONG, Aug. 4 (Korea Bizwire) – Wineries in Yeongdong County are delighted with a recent move by the National Tax Service (NTS) to revise the current law on mail order sales of liquor. Yeongdong is Korea’s largest producer of wine, home to around 1,800 hectares of vineyard and some 40 wineries, but sales faced limitations [...]
SEOUL, Aug. 4 (Korea Bizwire) – Despite an unusual heat wave, sales of South Korean ice cream makers fell in July from a year earlier due to a growing market for alternative products, an excessive price war and other factors, industry sources said Thursday. Lotte Confectionery Co., a key food unit of South Korean retail [...]
SEJONG, Aug. 3 (Korea Bizwire) – South Korea will hold a food fair in the Chinese city of Chengdu later this week to promote the country’s agricultural products and foodstuffs in the neighboring country, the ministry here said Wednesday. The 2016 Chengdu K-Food Fair will kick off on Thursday and run through Wednesday, with 28 [...]