SEOUL, Jun. 18 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, said Tuesday it aims to achieve 500 billion won (US$360 million) in overseas soju sales in 2030 based on overseas production and export diversification. The target figure is sharply up from Hitejinro’s annual overseas soju sales of 180 billion won for the [...]
SEOUL, Jun. 13 (Korea Bizwire) – Denmark has decided to recall three popular varieties of South Korea’s Samyang Foods “Buldak” fire chicken noodles, asserting that the products’ high levels of capsaicin, the compound that gives chili peppers their heat, pose a risk of acute intoxication for consumers, the British Broadcasting Corporation reported on June 11. In [...]
SEOUL, Jun. 11 (Korea Bizwire) — The industry ministry kicked off an annual food exhibition Tuesday as part of efforts to achieve a target of US$10 billion in food exports this year. The four-day Seoul Food 2024 will run in Goyang, just northwest of Seoul, through Friday, attracting 1,605 businesses from 52 countries, according to [...]
SEOUL, Jun. 11 (Korea Bizwire) — Genesis BBQ, a South Korean chicken franchise, said Tuesday it has opened its third outlet in Panama. Genesis BBQ has opened a total of seven outlets in Panama and Costa Rica since October last year, the company said in a statement. “The company aims to expand into other Latin [...]
SEOUL, Jun. 10 (Korea Bizwire) – As the early summer heat sets in, the demand for watermelons is rising in earnest. While customers seeking large watermelons weighing over 6 kilograms, with the adage “the bigger, the better,” remain steady, mini watermelons and pre-cut watermelon slices are gaining immense popularity due to the increasing number of single [...]
SEOUL, Jun. 8 (Korea Bizwire) –As South Korean consumers increasingly pursue value amid high inflation, convenience store chains are rolling out a wave of ultra-low-cost products priced below 1,000 won. With the “lunchhflation” of soaring midday meal costs straining office workers, these inexpensive food items have found particular appeal as affordable lunch options. The popular [...]
SEOUL, Jun. 5 (Korea Bizwire) – South Korea’s leading food delivery platform, Baemin, has announced that its delivery riders working over 40 hours per week earned an average monthly income of 3.93 million won from January to April this year. This figure represents a notable increase of 400,000 won (11.3%) compared to the same period in [...]
SEOUL, Jun. 3 (Korea Bizwire) – The confluence of declining birthrates and rising pet ownership in South Korea has led to sales of dog food outpacing those of infant formula and baby food, reflecting a broader shift toward premium childcare products. According to the e-commerce platform Gmarket, comparing the proportion of dog food, infant formula [...]
SEOUL, June 3 (Korea Bizwire) — Daesang Corp., a major South Korean food company, said Monday it has expanded production facilities for Korean food in Vietnam to meet growing local demand. Daesang has invested 30 billion won (US$22 million) to sharply increase the annual output capacity of a dried laver plant in Hai Duong and [...]
SEOUL, Jun. 3 (Korea Bizwire) – Baemin, the leading food delivery app in South Korea, will start charging “packaging fees” for takeout orders from July 1. While existing partners will be exempt from these fees until March 2025, the move suggests that packaging intermediation services may eventually become paid offerings across the board. According to industry [...]