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S. Korean Coffee Chain Ediya Pushes to Go Public

S. Korean Coffee Chain Ediya Pushes to Go Public

SEOUL, Dec. 18 (Korea Bizwire) – Ediya Coffee Co., a local low-cost coffee franchise operator, said Monday it plans to list the company on the local bourse, marking the first move to go public among its rivals here. The coffee franchise operator said it has signed up Mirae Asset Daewoo Securities Co. as the lead manager for its listing. The latest decision to go public is part of its efforts to secure funds to [...]

Pork Association Promotes Tender Pork Dishes for Seniors

Pork Association Promotes Tender Pork Dishes for Seniors

SEOUL, Dec. 14 (Korea Bizwire) – A group representing pork producers has introduced a number of tender pork recipes to boost sales, as the ‘silver food’ market for elderly customers continues to grow in South Korea. Korea Pork and the Korean Dietetic Association unveiled a number of pork recipes catering to seniors, hospital patients and children [...]

S. Korean Snack Firm Orion to Build New Plant in Russia

S. Korean Snack Firm Orion to Build New Plant in Russia

SEOUL, Dec. 7 (Korea Bizwire) – Orion Corp., a major confectionery company in South Korea, said Thursday its Russian unit will invest US$81.3 million inthe next three years to build a new factory to meet the growing demand for its products in the Eurasian market. The construction of the new production facility in the Tver Region will begin early next year and is planned to be completed by 2020, the company said in a regulatory filing. Orion said that, when construction [...]

Young Adults Drivers of Microwavable Meals Boom

Young Adults Drivers of Microwavable Meals Boom

SEOUL, Dec. 6 (Korea Bizwire) – Quick and easy to prepare microwavable meals, also called home meal replacements, are particularly popular among those in their 20s and 30s, research has found.  Instant rice like food company CJ’s Hetbahn and frozen dumplings were the two meal replacements most searched for on the Naver search engine’s shopping [...]

Paris Baguette to Face Fine over Baker Hiring

Paris Baguette to Face Fine over Baker Hiring

SEOUL, Dec. 5 (Korea Bizwire) – Paris Baguette, a leading bakery franchise of South Korean food and beverage giant SPC Group, is expected to faceup to tens of billions of won in fines for failing to follow the government’s order to directly hire bakers at its stores, authorities said Tuesday. In late September, the Ministry of Employment and Labor said the company violated the country’s labor law in [...]