SEOUL, Dec. 11 (Korea Bizwire) — “No Brand” burgers from Shinsegae Food Inc., the food manufacturing arm of South Korean retail giant Shinsegae, are dominating the hamburger market. Analysts say that Shinsegae’s cost-effectiveness strategy for its new No Brand Burger restaurants is behind such growth. The company managed to lower the price by more than [...]
SEOUL, Dec. 9 (Korea Bizwire) — With the continued growth of the delivery market, which is a hot topic in the food and restaurant industry, the era of consumers receiving bread delivered from bakeries near their homes to the front door has begun in earnest. Paris Baguette, the flagship bakery brand of South Korea’s SPC [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea said Wednesday it will double the size of key food industries by 2030 to serve as a new growth engine by easing regulations and revamping related policies. Under the plan, South Korea plans to focus on five major foodstuff industries, namely customized, functional, ready-to-eat, environmentally friendly and [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean instant noodles are making a strong comeback as the Chinese ramen market, after a recent stalemate, has been regaining vitality. The Korea Trade-Investment Promotion Agency (KOTRA) reported on Saturday that Chinese ramen imports surged from US$83.8 million in 2014 to $240 million last year. Imports of Korean instant [...]
SEOUL, Nov. 29 (Korea Bizwire) — The South Korean unit of U.S. retail giant Costco Wholesale Corp. has stopped providing free diced onions at its food courts. Online commentary has suggested that the move is a natural consequence of overindulgence on the part of Korean consumers, and that Costco customers had it coming for stealing [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean imports of Japanese beer tumbled more than 99 percent on-year in the past two months due to a boycott of Japanese products amid a bilateral trade row, data showed Friday. South Korea brought in Japanese beer worth US$38,000 in October, down 99.5 percent from a year earlier, [...]
SEOUL, Nov. 26 (Korea Bizwire) — Hollys Coffee Co., a South Korean coffee shop chain, replaced Starbucks as country’s most loved and satisfactory coffee brand. The Korea Consumer Agency conducted a survey of 1,031 consumers between September 4 and 16 frequenting six major coffee brands in South Korea, in which Hollys Coffee received the highest [...]
SEOUL, Nov. 25 (Korea Bizwire) – Vegan food, previously offered by a select few restaurants in South Korea, is becoming increasingly common in the country. The vegetarian population in South Korea has reached more than 1.5 million, encouraging distributors to come up with vegan products targeting the newly rising consumer population. Vegan food is rapidly [...]
SEOUL, Nov. 20 (Korea Bizwire) — Pengsoo, a penguin character from the education broadcasting company EBS is being wooed by the food industry for marketing. Binggrae Co., a major dairy maker, recently met with EBS to discuss a potential marketing program with Pengsoo in the lead. Binggrae held a competition last month to select the [...]
SEOUL, Nov. 15 (Korea Bizwire) — Controversy looms following a recent report by the South Korean media that there were ‘financial exchanges’ surrounding the designation of restaurants to be listed in the Michelin Guide Seoul 2020. Michelin strongly denied the accusations, saying that “it’s a scheme committed by those who have nothing to do with [...]