SEOUL, July 29 (Korea Bizwire) – Hyundai Group subsidiary Hyundai Asan, which once served as a model of North and South Korean economic cooperation, is making a move into the carbonated water business. Hyundai Asan was established in 1999 specifically for economic projects with North Korea, starting with the Mount Kumgang Tourist Region. But with the [...]
SEOUL, July 27 (Korea Bizwire) – Shake Shack, a New York-based casual restaurant chain, finally launched the first of its long-anticipated Korean franchises last week. Perhaps unsurprisingly, the launch was followed by soaring popularity and public interest in premium homemade burgers. According to Gmarket, an e-commerce platform, sales of ‘hamburger makers’ skyrocketed by over 1,400 [...]
SEOUL, July 27 (Korea Bizwire) – South Korea plans to submit a draft on the international food standard for makgeolli, as part of its efforts to export the indigenous traditional rice wine overseas, the agricultural ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said it will officially submit a plan to codify safety [...]
SEOUL, July 26 (Korea Bizwire) – South Korean food companies are set to begin official sales of the traditional chicken soup to China as the first shipments to the mainland have recently cleared customs, industry officials said Tuesday. Samgyetang is a traditional chicken soup made with a whole young chicken stuffed with ginseng, sticky rice [...]
SEOUL, July 22 (Korea Bizwire) – Banana-flavored snacks may not be selling as much as before, but they are still a big help in pushing up overall snack sales, retailers’ data showed Friday. Banana has been the new honey for the market, replacing the craze over potato chips with sweet taste. Makers of chocolate pie [...]
SEOUL, July 20 (Korea Bizwire) – Lotte Confectionery Co., the largest confectionery manufacturer in South Korea, revealed on July 20 two new chocolate products made with lactic acid bacteria (LAB) strains obtained from kimchi – the first commercialization of such a product in the food industry. Since the successful launch of a lactobacillus-containing snack called Yo-Hi [...]
SEOUL, July 20 (Korea Bizwire) — High-caffeine foods and drinks will be restricted from media ads starting in November, the government said Wednesday, affecting some 2,000 local products often used by teenagers to chase away drowsiness. The Ministry of Food and Drug Safety said it has put out an advance notice of the measure to [...]
SEOUL, Jul. 18 (Korea Bizwire) — From instant noodles to bread and beef broth soup, Korean food is gaining interest overseas from consumers outside of the usual group of Korean residents and a handful of Korea followers, a leading trade body said Monday. South Korea’s instant noodles, ramyeon, ranks second after Taiwan in the Chinese [...]
BUSAN, July 15 (Korea Bizwire) – Rep. Kim Hae-young of the Minjoo Party of Korea revealed on July 15 an amendment to the Food Sanitation Act that would require frozen sweets, particularly ice cream, to feature printed expiration dates. These types of products have been exempted in the past. Current food sanitation legislation requires the labeling [...]
SEOUL, July 15 (Korea Bizwire) – Pokémon Go has not been officially launched in Korea, but thanks to a GPS glitch Pokémon fans from across the country are flocking to Gangwon Province’s coastal city of Sokcho. With the city’s tourist population surging, convenience stores are reporting record sales. According to CU, a convenience store franchise, [...]