Food/Beverage Archives | Be Korea-savvy

Archive by category Food/Beverage

Local Beer Losing Out to Foreign Rivals, Jeopardizing Production Base

Local Beer Losing Out to Foreign Rivals, Jeopardizing Production Base

SEOUL, May 13 (Korea Bizwire) — Local beer is steadily being sidelined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea’s production base, industry observers here said Sunday. Market insiders said that South Korean distributors are currently competing with each other to secure rights to import foreign beer [...]

Restaurant Sector Shrinks Fast amid Negatives

Restaurant Sector Shrinks Fast amid Negatives

SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]

Dessert Cafés on the Rise Amid Fast Food Industry Struggles

Dessert Cafés on the Rise Amid Fast Food Industry Struggles

SEOUL, Apr. 30 (Korea Bizwire) — With South Koreans increasingly valuing emotional satisfaction in affordable purchases, the popularity of dessert cafés is soaring, to the detriment of fast food franchises. The South Korean dessert industry in 2016 reached 9 trillion won, accounting for 10 percent of the dining industry, according to sources close to the food [...]

‘Alas, Those Were the Days!’ S. Korea’s Fast Food Outlets Reminisce on Old Times

‘Alas, Those Were the Days!’ S. Korea’s Fast Food Outlets Reminisce on Old Times

SEOUL, Apr. 30 (Korea Bizwire) — The McDonald’s outlet at exit No. 3 of Seoul’s Shinchon Station: for many, it was more than a run-of-the-mill burger place to grab a bite to eat. “Looking for a job after graduation, I spent many hours there for group studies and mock interviews with other applicants,” said Song [...]

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

S. Korea’s Domestic Ramyun Sales Down in 2017: Data

SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]