SEOUL, Dec. 16 (Korea Bizwire) — The size of South Korea’s meat substitute market is forecast to exceed 20 billion won (US$15.2 million) this year, an industry tracker said Thursday. According to a report from Euromonitor International, the size of the nation’s alternative meat market is expected to reach $16.9 million this year, up 28 percent [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korean food producer Pulmuone Co. said Tuesday it will begin supplying products to 18 campuses in the U.S., including the University of Massachusetts and the University of California, after signing a contract to provide plant-based food. Pulmuone’s local affiliate, Pulmuone Foods USA, Inc., first jumped into the U.S. [...]
SEOUL, Dec. 13 (Korea Bizwire) — Nearly two-thirds of South Koreans in their 20s and 30s have positive views about alternative meat, a survey showed Monday. Shinsegae Food Inc., a food business arm of South Korea’s Shinsegae Group conducted a survey of 1,000 people in their 20s and 30s, 67.6 percent of whom thought positively [...]
SEOUL, Nov. 21 (Korea Bizwire) — Sales of Korean-style corn dog, which already doubled last year, continue to rise, data showed Sunday. The state-run Korea Agro-Fisheries Trade Corp. reported that exports of frozen food products reached US$45.3 million last year, up 99.5 percent from a year earlier. Corn dog exports stood at a mere $120,000 [...]
SEOUL, Oct. 26 (Korea Bizwire) — Good Stuff Eatery (GSE), a premium burger brand frequented by popular figures like former U.S. President Barack Obama, has retracted its earlier announcement that it will retreat from South Korea after five months of operation, generating confusion. GSE’s first and only store in Gangnam, brought in by the food [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea’s leading beverage maker Hite Jinro Co. said Monday its flavored soju is being sold at 17 Costco stores in the United States amid the company’s increased efforts to penetrate the U.S. market. Since the company made its products available at the Costco Yonkers branch in New York, [...]
SEOUL, Oct. 6 (Korea Bizwire) — U.S. burger franchise Five Guys Burgers and Fries is coming to Seoul next year, Galleria department store said Thursday. The luxury retailer owned by Hanwha Solutions said it inked an initial agreement with the Virginia-based burger chain Wednesday to operate the Five Guys brand in South Korea. The first [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Korea’s second-largest chicken franchise by sales, bhc Group, said Tuesday it will open its third store in Malaysia next month as part of its strategy to expand into Southeast Asia. The new restaurant, which is set to open in a shopping complex located inside the capital of Kuala [...]
SEOUL, Sept. 15 (Korea Bizwire) — RE:harvest Co., a South Korean startup specializing in the fast-growing field of food upcycling, is seeking to make earnest leaps into overseas markets through partnerships in Vietnam, Indonesia and Japan, its CEO Alexander Min has said. RE:harvest is South Korea’s first food upcycling startup that takes leftover byproducts in [...]
SEOUL, Sept. 7 (Korea Bizwire) — Women tend to buy home meal replacement (HMR) products mainly at offline stores and supermarkets, while men typically purchase them at unmanned stores, data showed Tuesday. Lotte Members, the membership service for Lotte Group companies, analyzed data on HMR product transactions at offline stores and supermarkets for the period [...]