TOKYO, Mar. 6 (Korea Bizwire) – Riding on the Hallyu wave, Korean cuisine continues to expand its presence in the Japanese market, now extending to street food offerings. At Asia’s largest food expo, Foodex Japan 2024, which opened for a four-day run on March 5 at Tokyo Big Sight in Tokyo, the Korea Pavilion showcased a [...]
SEOUL, March 4 (Korea Bizwire) – The CEO of bakery and beverage giant SPC Group was arrested Monday on charges of forcing bakers at an affiliated firm to quit their labor union and bribing a prosecution investigator. The Seoul Central District Court issued an arrest warrant for Hwang Jae-bok, citing concerns he could destroy evidence. [...]
SEOUL, Feb. 29 (Korea Bizwire) –The Korea Ginseng Corporation (KGC) is making a strategic entry into the U.S. vegan beauty market with the launch of its vegan beauty brand Lab 1899. This move is part of the company’s broader initiative to diversify its portfolio and tap into the burgeoning global demand for vegan products. Lab [...]
SEOUL, Feb. 29 (Korea Bizwire) — South Korea’s exports of instant noodles jumped nearly 40 percent on-year to reach a record high in January on the growing popularity of Korean culture and food, data showed Thursday. Exports of instant noodles, or “ramyeon” in Korean, amounted to US$86 million last month by rising 39.4 percent on-year, [...]
SEOUL, Feb. 28 (Korea Bizwire) – Starbucks Korea has announced a temporary halt in the sales of Perrier, a popular brand of sparkling water, starting this month due to emerging quality control issues reported by the brand’s overseas manufacturer. Perrier, a sparkling water product produced in France, holds the top market share in the global sparkling [...]
SEOUL, Feb. 26 (Korea Bizwire) – As K-pop continues to capture hearts worldwide, the food and beverage industry is keenly leveraging this global phenomenon by collaborating with K-pop artists to target international markets. Coca-Cola is setting a prime example by launching a special edition product named ‘Coca-Cola Zero K-Wave’ in 36 countries, drawing inspiration from [...]
SEOUL, Feb. 26 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Monday its bakery brand Paris Baguette has opened its first outlet in Hawaii in its global expansion strategy. Paris Baguette has opened the Bishop Street outlet, the first in Hawaii and 160th in the United States, in Honolulu, the [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s producer prices rose for the second consecutive month in January, driven in part by soaring prices in agricultural goods and service fees, central bank data showed Wednesday. The producer price index, a major barometer of consumer inflation, increased 0.5 percent in January from a month earlier, following [...]
SEOUL, Feb. 20 (Korea Bizwire) – The aftermath of the so-called “Table Tennis Gate” incident, involving a physical altercation between players of the Korean national football team ahead of the Asian Cup semi-finals, is now affecting the retail sector. The controversy centers around Son Heung-min and Lee Kang-in, whose affiliations with different brands have led to [...]
SEOUL, Feb. 20 (Korea Bizwire) –Shinsegae Department Store’s newly opened dessert specialty zone, “Sweet Park,” at its Gangnam branch, has become a sensation, attracting 100,000 visitors during its first weekend alone. Since its launch on February 15, dessert sales at the Gangnam branch surged by 204% compared to the same period last year, from February [...]