SEOUL, Jan. 31 (Korea Bizwire) — The confectionery industry is being threatened by the decreasing population of toddlers and teens, major consumers of confectionery goods, as the birth rate continues to fall in South Korea. The Korea Agro-Fisheries & Food Trade Corporation reported that confectionery production began to fall after reaching a peak in 2015 [...]
SEOUL, Jan. 29 (Korea Bizwire) — Sales of Danish beer Carlsberg have soared in South Korea, a recent report showed. According to Golden Blue, sales of Carlsberg beer rose 86 percent last year from 2018. Golden Blue, a homegrown whiskey maker that imports and sells Carlsberg beer, previously entered the local market by signing a [...]
SEOUL, Jan. 28 (Korea Bizwire) — U.S. food chain McDonald’s has introduced table service in certain stores where the staff delivers food to the table. The initiative comes against the tide of kiosks, unmanned services, and app orders sweeping through the food service industry recently, seen as an inverse concept where the staff delivers the [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s leading food manufacturers and retailers have set their sights on developing indigenous meal kits to dominate the booming, highly competitive market, industry sources said Monday. A meal kit contains all the ingredients and directions needed for consumers to cook a meal. According to data from the Ministry [...]
SEOUL, Jan. 21 (Korea Bizwire) — The market for dietary supplements in South Korea has been expanding in recent years thanks to eye vitamins and probiotics. The Korea Health Supplements Association (KHSA), in a study of three-year data collected from 5,000 households, reported that the South Korean market for dietary supplements grew to 4.6 trillion [...]
SEOUL, Jan. 21 (Korea Bizwire) — Although there have been many rumors that the food service industry is in a slump, it is actually growing steadily at an annual rate of 9 percent, according to a recent study. Analysts say the gap between business sentiment and the real economy is widening as the polarization between [...]
SEOUL, Jan. 20 (Korea Bizwire) — The food service industry experienced more difficult times than ever last year, in the midst of a consumption slump caused by the prolonged economic downturn and the spread of a boycott against Japan. In addition, the growth of food delivery services did not make things easier. According to the [...]
SEOUL, Jan. 17 (Korea Bizwire) — U.S. food chain McDonald’s said Friday that it will raise its menu prices largely due to increased costs, joining rivals such as KFC for price hikes. According to McDonald’s Korea, the company’s South Korean unit, the average price of its eight menu items will rise by 1.36 percent starting [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s outbound shipments of processed rice products shot up last year amid the booming popularity of Korean dramas, K-pop and other cultural assets abroad, data showed Thursday. Exports of these products reached US$106 million in 2019, marking a sharp rise from $89 million posted a year earlier, according [...]
SEOUL, Jan. 15 (Korea Bizwire) — Convenience stores are rising as a new platform where food products spotlighted on social media or television programs make their first debut. CU, a major convenience store chain, showcased its Kielbasa Platter that comes with a Polish Kielbasa sausage that recently went viral on social media. The dish gained [...]