UIJONGBU, Oct. 17 (Korea Bizwire) – In a bid to support small business owners grappling with high commissions and delivery fees, Gyeonggi Province is taking steps to stimulate the market for private delivery apps that charge commission rates of 2% or less. The provincial government announced on October 16 that it would be accepting applications from [...]
SEOUL, Oct. 15 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Tuesday its bakery brand Paris Baguette has opened its 600th overseas outlet in Canada as part of its global expansion strategy. SPC has opened 30 outlets in North America this year, bringing the total in the mainstay markets to [...]
SEOUL, Oct. 11 (Korea Bizwire) – As restaurant owners’ frustrations grow over high commission fees charged by food delivery apps, several major chicken franchise chains in South Korea are ramping up incentives for customers to use their proprietary ordering platforms. According to industry sources on October 10, the country’s top three chicken franchises — BBQ, bhc [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a move to reduce plastic waste, South Korea is set to introduce its first domestically produced lightweight water bottles, bringing a familiar sight from overseas travel to local store shelves. The Ministry of Environment announced on October 3 that Lotte Chilsung Beverage will launch its ICIS N bottled water [...]
SEOUL, Oct. 1 (Korea Bizwire) – As Seoul prepares for its annual International Fireworks Festival, a spectacle that typically draws hundreds of thousands of spectators, a frenzy for prime viewing spots is driving up prices across the city. Hotels and restaurants with coveted views of the Han River are seeing their rates soar, prompting local authorities [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korean consumers are grappling with a lack of transparency in food delivery pricing as major restaurant chains implement higher charges for delivery orders without clear disclosure. This practice, known as “dual pricing,” has sparked a debate about consumer rights and fair business practices in the country’s booming food delivery [...]
SEOUL, Sept. 30 (Korea Bizwire) — Nongshim Co. said it will nearly double the sales of its Shin Ramyun instant noodles in Japan by 2026 as it further penetrates the local noodle market. Nongshim, South Korea’s leading instant noodle maker, aims to achieve 20 billion yen (US$140 million) in Shin Ramyun sales in 2026, up [...]
SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms. Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]
SEOUL, Sept. 27 (Korea Bizwire) – Woowa Brothers, the operator of South Korea’s popular food delivery app Baemin, is on track to top the list of workplace injury claims for the third year running, according to data released by the Korea Workers’ Compensation and Welfare Service. From January to August of this year, Woowa Brothers reported [...]
SEOUL, Sept. 24 (Korea Bizwire) — South Korean food company CJ Cheiljedang Corp. said Tuesday it will supply its Bibigo dumpling products to Australia’s Qantas Airways Ltd. as in-flight snacks from next month. CJ Cheiljedang’s two kinds of dumpling products — one based on pork and the other made of pork and kimchi — will [...]