SEOUL, Feb. 17 (Korea Bizwire) — As the price of ramyeon (Korean instant noodles), a popular food among common people for its affordability, moved up sharply amid high inflation, the low-price private brand (PB) products developed by major retailers are enjoying rising popularity. E-Mart Inc. said it sold more than 1 million packs of its [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean fried chicken franchises saw their sales rise during the FIFA World Cup in Qatar last fall despite an industry-wide slump for restaurants, data showed Monday. According to a report from the state-run Korea Agro-Fisheries Trade Corp., the total revenue of the nation’s restaurant businesses amounted to 11.1 [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. is exploring ways to attract young consumers who are reducing their consumption of instant noodles, or “ramyeon” in Korean. The company opened a Shin Ramyun cafeteria popup store in the hip district of Seongsudong in eastern Seoul on Monday. It brought the [...]
SEOUL, Jan. 9 (Korea Bizwire) — Michelin-star chef Gordon Ramsay’s Street Burger restaurant is set to open in Hyundai Department Store in southern Seoul, company officials said Monday. Street Burger is a namesake casual burger joint founded in 2020 by the British celebrity chef Gordon Ramsay. The Seoul restaurant will be the first global location [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s imports of coffee soared nearly 45.1 percent in the first 11 months of 2022 from a year earlier on its growing popularity here, data showed Monday. The value of the country’s coffee imports came to US$1.19 billion in the January-November period, up 45.1 percent from the previous [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — Sustainable food is a promising area worth betting on not only businesswise but also for its social and environmental impact, one of the reasons why SK is targeting Asia and Europe for a market expansion, a senior SK executive has said. Kim Dae-jung, vice president at SK Inc.’s Green [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — For anyone who has experienced Korean culture, they should be familiar with the letter “K” being used like a prefix to highlight the Korean identity, like K-pop that has become so widely known. In a corner of this year’s CES, a show that outdoes the conventional in the mecca [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s food industry is releasing a string of gift sets using eco-friendly packaging ahead of the Lunar New Year holiday. Dongwon F&B Co. released a gift set packaged in an eco-friendly material, Paper Press. It is 100 percent made of paper. A tray made of this material has [...]
SEOUL, Dec. 21 (Korea Bizwire) — The prices of popular cakes selling at South Korea’s major bakery and coffee chains rose sharply over the past year amid high inflation. The price of Paris Baguette’s Strawberry Fraisier Cake rose to 32,000 won (US$24.90) from 27,000 won last year. A Twosome Place’s Strawberry Fresh Cream Cake saw [...]
SEOUL, Dec. 20 (Korea Bizwire) — An increasing number of hamburger chains are jumping into the breakfast market as the floating population in morning hours increased due to the loosening of pandemic restrictions. Burger King’s breakfast-only menu item King Morning, which recently returned after a two-year hiatus due to the COVID-19 pandemic, passed the 14,000 [...]