SEOUL, Sept. 6 (Korea Bizwire) – Lotte Confectionery Co., a major South Korean snacks and ice cream maker, said Tuesday it has signed an initial agreement with Canada’s Aspire Food Group as part of its push to tap into the emerging insect protein market. Under a memorandum of understanding inked on Aug. 31, the two [...]
SEOUL, Aug. 29 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. announced that it had affixed foldable handles to the side of its spicy noodle cups for the very first time. The company developed the industry’s first foldable handles to reduce the inconvenience of carrying the cup after filling it with hot water. [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korean researchers have developed a new process that uses edible insects to create meat-flavored seasoning. A research team from Wonkwang University discovered that steamed mealworms emit a strong, corn-like odor. When grilled or fried, they gave off a scent that resembles shrimp and frying oil. The smell emitted [...]
SEOUL, Aug. 24 (Korea Bizwire) — Ediya Coffee, South Korea’s third-largest coffee franchise by sales, said Wednesday it will open a store in Guam in December in the latest move to seek growth beyond the saturated Korean coffee market. Ediya hopes its cafe near the Antonio B. Won Pat International Airport in the U.S. Pacific [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean low-cost carriers are enjoying a sharp increase in sales of in-flight meals on the back of increasing demand for overseas travel. Jeju Air Co., for instance, sold a total of 4,600 in-flight meals through advance orders last month, up 156 percent from June and 411 percent from [...]
SEOUL, Aug. 19 (Korea Bizwire) — An executive of major South Korean foodmaker Samyang Foods Co. has thanked Jimin, a member of K-pop superband BTS, after reporting record-breaking quarterly sales. Samyang generated 27.3 billion won (US$20 million) in operating profits in the second quarter, up by 92 percent, and reported 255.3 billion won in revenue, [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s food industry is releasing a string of gift sets for next month’s Chuseok holiday using eco-friendly packaging materials. Daesang Corp. replaced the non-woven fabric material used for gift bags with paper material. In addition, it also used paper instead of plastic to make the inner trays of [...]
SEOUL, Aug. 11 (Korea Bizwire) – Starbucks Coffee Korea said Thursday it will launch an official recall of its giveaway picnic bags, after the company came under fire for handing out the merchandise containing a toxic chemical substance. The announcement came after the company apologized over the discovery of formaldehyde in its “summery carry bag” [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s exports of instant noodles hit a fresh all-time high in the first half on the increasing popularity of Korean pop culture and a rise in demand for home-cooked food amid the pandemic, data showed Sunday. Exports of instant noodles, or “ramyeon” in Korean, came to US$383.4 million [...]
SEOUL, Aug. 5 (Korea Bizwire) — Major oil refiner GS Caltex Corp. has teamed up with the Korean unit of Swiss food giant Nestle to establish a circular economy, aimed at promoting resource efficiency and carbon reduction. GS Caltex and Lotte-Nestle Korea Ltd. on Thursday formed a business agreement to promote the recycling of waste [...]