SEOUL, Jul. 15 (Korea Bizwire) — Industry analysts say that the South Korean coffee industry will continue to expand fueled by specialty coffee shops in the future. South Korea’s coffee industry is estimated at 6.8 trillion won (US$5.77 billion) this year, the Hyundai Research Institute said Sunday in a report. The coffee industry is divided [...]
SEOUL, Jul. 9 (Korea Bizwire) — Blue Bottle Coffee Inc. said on Tuesday that it will increase the number of its outlets in South Korea to four this year as it seeks to tap deeper into one of the world’s most competitive coffee markets. The California-based coffee company advanced to Korea in May by opening [...]
SEOUL, Jul. 4 (Korea Bizwire) — South Korean soju and pork exports to Muslim countries, where alcohol and pork are normally forbidden, are rising. The Korea Agro-Fisheries & Food Trade Corporation (aT) reported on Wednesday that last year’s soju exports to Indonesia reached $1.3 million, a 10.1 percent increase from the previous year. Between January [...]
SEOUL, Jul. 3 (Korea Bizwire) — The use of plastic bags of Paris Baguette and Tous Les Jours, two of the leading bakery chains in South Korea, has been reported to have decreased significantly in the past year. The Ministry of Environment unveiled Tuesday the results of the two bakery chains’ resolution on reducing the [...]
SEOUL, Jul. 3 (Korea Bizwire) — As a measure to prevent excessive consumption, regulations on caffeine will be expanded, with “total caffeine content” also displayed in coffee shops and bakeries that directly make and sell coffee starting next year. The newly introduced regulations, set forth by the Ministry of Food and Drug Safety, are an [...]
SEOUL, Jun. 21 (Korea Bizwire) — Consumer preferences for imported beer, a popular convenience store purchase, are changing. CU, a convenience store chain operated by BGF Retail Co., analyzed the changes in the percentage of beer sales by country of origin over the past five years, and found that the status of Japanese beer, which [...]
SEOUL, Jun. 20 (Korea Bizwire) — “Limited edition marketing” is emerging as a new relief pitcher in the food and restaurant industries, which are struggling with thinning consumer wallets. There was a buzz on SNS that the fried chicken and burger franchise Kentucky Fried Chicken (KFC) would sell fried chicken skin since the morning of [...]
SEOUL, Jun. 18 (Korea Bizwire) — It’s been a decade since Paul Bassett debuted in the South Korean coffee market with a focus on specialty coffee, and much of its success owes to a “positive evolution” in the local coffee culture, the Australian barista who gave his name to the brand says. Paul Bassett said [...]
SEJONG, Jun. 5 (Korea Bizwire) — South Korea on Wednesday decided to alter the tax system on beer for the first time in half a century in a move to address imbalances in taxes between imported and domestic beer, the finance ministry said. The change — the first since 1968 — calls for a tax [...]
SEOUL, Jun. 3 (Korea Bizwire) – South Korean beer maker Oriental Brewery Co. (OB) posted an advertisement supporting sexual minorities on the occasion of the 20th Seoul Queer Culture Festival on Saturday. In fact, OB has become one of the top corporate supporters of sexual minorities among South Korean companies. Cass, the flagship lager beer brand [...]