SEOUL, Aug. 3 (Korea Bizwire) — GS Retail, the operator of GS25 convenience stores, said Wednesday exports of its craft beer products surged over 18 times between 2019 and the first half of 2022 amid a global craft beer boom. GS said its total exports of craft beer reached US$560,000 in the first six months [...]
SEOUL, Aug. 3 (Korea Bizwire) — Lotte Chilsung Co., the beverage unit of Lotte Group, said Wednesday the combined exports of its flavored soju Soonhari reached 41.9 billion won (US$32 million) between 2016 and 2021. During the period, Lotte Chilsung said it shipped Soonhari, which comes in eight different flavors, such as apple, strawberry and [...]
SEOUL, July 28 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, launched its new plant-based canned ham product Thursday as it is pushing to expand its plant-based meat brand to ordinary customers. Shinsegae Food had so far supplied its cold-cut ham business through such channels as Starbucks coffee chain [...]
SEOUL, July 26 (Korea Bizwire) — South Korea’s exports of ice cream reached an all-time high in the first half of this year, data showed Tuesday, amid a global heat wave and the growing popularity of Korean culture. Overseas shipments of South Korean-made ice-cream products came to US$50 million in the January-June period, up 14 [...]
DAEGU, July 26 (Korea Bizwire) — A South Korean research team has succeeded in reproducing the taste of civet coffee, known as “kopi luwak,” without harming any animals using fermentation technology. Civet coffee is made from coffee beans plucked from civets’ feces. It’s the world’s most expensive coffee but raised social issues such as animal [...]
SEOUL, July 21 (Korea Bizwire) — Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, said Thursday it will set up a U.S. subsidiary next month in the latest move to boost its competiveness in plant-based meat alternatives. Shinsegae Food said it will spend US$6 million on setting up Better Foods Inc., a [...]
SEOUL, July 20 (Korea Bizwire) — So-called “low food” that does not contain any additives is gaining popularity as Koreans are increasingly looking after their health in the summer season. WeMakePrice, a major online shopping mall, reported a sales increase of low-calorie carbonated drinks (396 percent), barley coffee (589 percent), kombucha tea (221 percent) and [...]
SEOUL, July 18 (Korea Bizwire) — The surge in demand for delivery food in the aftermath of the pandemic has led to a surge in imports and the production of disposable spoons, forks, and knives. The Ministry of Food and Drug Safety reported that the supply of disposable forks jumped from 1,501 tons in 2019 [...]
SEOUL, July 18 (Korea Bizwire) — South Korean food conglomerate CJ Cheiljedang on Monday said it has set plant-based food as the company’s new growth engine, with a sales target of 200 billon won (US$151.9 million) by 2025. Its main target is overseas markets, CJ said, and it aims to generate 70 percent of its [...]
SEOUL, July 12 (Korea Bizwire) — South Korean food company Fresheasy said Tuesday its meal-kit products will be made available on three Singapore e-commerce platforms — Shopee, Lazada and Qoo10 — as it tries to expand its market presence in Southeast Asia. Fresheasy is a South Korean food startup that makes ready-to-eat meal products of [...]