SEOUL, May 13 (Korea Bizwire) — Starbucks Korea on Thursday reported a 78 percent on-year jump in its first-quarter net profit, citing strong demand amid the coronavirus pandemic. The company’s net profit reached 33.6 billion won (US$29.7 million) in the January-March period, up 77.8 percent from a year earlier, according to quarterly earnings reports released [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s homegrown craft beer has increasingly gained popularity over recent years, industry data showed Sunday, as local brewers offer a wide range of flavors at competitive prices. The local craft beer market was valued at 118 billion won (US$105.6 million) as of 2020, sharply up from 43.3 billion [...]
SEOUL, April 8 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it plans to expand the size of the insects market to 140 billion won (US$124 million) by 2025 and foster the segment as a new growth engine for the country’s food industry. The targeted market value marks 55 percent growth from 2019, according [...]
SEOUL, March 4 (Korea Bizwire) — South Korea’s wine imports reached a record high in 2020 as more people enjoyed drinking at home and alone due to the coronavirus outbreak, data showed Thursday. Asia’s fourth-largest economy imported 54,127 tons of wines last year, up 24.4 percent from a year earlier, according to the data by [...]
SEOUL, Feb. 27 (Korea Bizwire) — The amount of single-use plastic waste is increasing at a remarkable pace as the outbreak of the coronavirus has led to exponential growth in food deliveries and online shopping. The more plastics are used, the more important it is to dispose of them separately. In particular, the separate disposal [...]
SEOUL, Feb. 24 (Korea Bizwire) — As the vegan market begins to grow in South Korea, large conglomerates are jumping into what used to be considered a niche market. Burger King began selling Plant-Based Whoppers on Monday, which feature plant-based patties instead of beef. The plant-based burger patties, developed jointly with an Australian alternative meat [...]
SEOUL, July 20 (Korea Bizwire) — There is growing interest in “ethical consumption” — consumer awareness of the importance of environmental, ethical and animal welfare rights — and more and more South Koreans are searching for so called “animal-welfare’ foods in recent days, according to an analysis of sales trends at the nation’s major retailers. [...]
SEOUL, July 14 (Korea Bizwire) – South Korea is a food lover’s paradise. And there are a wide range of delicious dishes in every corner of the country to suit every taste as its people enjoy various culinary delights anytime, anywhere. Among other things, South Korea has a wide variety of noodles on offer, including [...]
SEOUL, July 13 (Korea Bizwire) — Kimchi, a traditional fermented Korean side dish made of vegetables with a variety of seasonings, is drawing significant attention in Europe where healthy food choices are gaining popularity. According to a report released by the Paris branch of the Korea Agro-Fisheries and Food Trade Corp. (aT) on Saturday, a [...]
SEOUL, July 8 (Korea Bizwire) –Coffee pods are making up a growing percentage of an ever-growing coffee market in South Korea, with sales of products using pre-ground coffee sealed in a capsule more than doubling compared to sales of ground coffee in the first half of the year. According to Emart, South Korea’s largest discount [...]