SEOUL, Jan. 4 (Korea Bizwire) – Starbucks Korea has announced the opening of its first pet-friendly store in Guri, Gyeonggi Province, set to welcome customers on January 5. The Guri Galmae DT store, located in Galmae-dong, is the first Starbucks in the country to feature a designated space for customers to relax with their pets. In [...]
SEOUL, Jan. 4 (Korea Bizwire) –As global demand for Korean cuisine, commonly known as K-food, continues to rise, the South Korean food and beverage industry is gearing up to further penetrate international markets in the coming year. Strategies include establishing production facilities abroad and introducing products tailored to local tastes, in collaboration with local distribution [...]
SEOUL, Jan. 3 (Korea Bizwire) – The planning company and its CEO responsible for a contentious ‘butter beer’, which sparked debate for not containing actual butter, have been sent to trial. On December 2, the Seoul Eastern District Prosecutors’ Office announced the indictment of Virtual Company, the license planning agency behind ‘Beurre’ (French for ‘butter’) beer, [...]
GWANGJU, Jan. 2 (Korea Bizwire) – Recently, a surge of “local food direct sales stores” has emerged in South Jeolla Province, eliciting positive responses from consumers and invigorating the local economy. Local food pertains to products sourced and consumed within a close geographic proximity, typically within a 50-kilometer radius. Traditionally, challenges like elevated prices and diminished [...]
SEOUL, Dec. 24 (Korea Bizwire) –As end-of-year celebrations and gatherings increase, South Korean liquor companies are opening a series of pop-up stores to capture consumers’ attention. Focusing on the MZ generation (those born in the early 1980s to early 2000s), these stores are enhancing marketing efforts by offering a range of merchandise and hosting cocktail [...]
SEOUL, Dec. 22 (Korea Bizwire) – A minuscule amount of cesium, a radioactive substance, was identified in a Japanese flavoring product utilized for certain flavor profiles. Consequently, the importer opted to voluntarily retract the importation of the product. As reported by the Ministry of Food and Drug Safety (MFDS) on December 22, a radioactivity examination [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Monday it will cut the factory price of its soju products by 10.6 percent in January, helped by the government’s tax benefits. Hitejinro will deliver its soju products, Chamisul and Jinro, at 1,115 won (US$0.9) per bottle to its wholesale clients [...]
SEOUL, Dec. 12 (Korea Bizwire) — Canadian coffee brand Tim Hortons said Tuesday it will open 150 outlets in South Korea within five years as it plans to open its first store in southern Seoul on Thursday. Tim Hortons has decided to enter the Korean market, which has a vibrant coffee market where coffee consumptions [...]
SEOUL, Dec. 12 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened seven new outlets in Southeast Asia as part of its global expansion strategy. Paris Baguette opened three new stores in Singapore, two in Indonesia and two in Malaysia as it seeks [...]
SEOUL, Dec. 5 (Korea Bizwire) — Lotte Chilsung Beverage Co., a unit of South Korea’s retail giant Lotte Group, said Tuesday it has signed an initial pact with a U.S. wine company for exports of its distilled liquor “soju” products to the U.S. market. Lotte Chilsung signed a memorandum of understanding (MOU) with California-based E [...]