SEOUL, Oct. 24 (Korea Bizwire) — Beer makers in the South Korean imported beer market are in a fierce competition to win the top seat that was once occupied by Japanese beer. According to the Korea Customs Service, Japanese beer had the largest share in the imported beer market in South Korea for 10 years [...]
SEOUL, Oct. 17 (Korea Bizwire) – Korean food is infiltrating the Indian food market, where import restrictions are known to be notoriously strict. Soy milk and dried laver made in South Korea are being sold in India after passing all relevant customs and authorization procedures required in the country. Korean food was widely distributed in [...]
SEOUL, Oct. 15 (Korea Bizwire) — While restaurants and other dining companies are increasingly dependent on delivery apps, owners do not think that these apps help them increase profitability, a recent survey has showed. According to a study released Monday by the Korea Food Service Industry Research Institute (KFIRI), 49.8 percent of the average number [...]
SEOUL, Sept. 24 (Korea Bizwire) — A new trend is emerging where consumers order coffee from delivery apps or apply for monthly subscriptions to enjoy coffee. The new trend is replacing the trend of making and drinking coffee at home. Innocean Worldwide Inc., a major local advertising agency, released a data analysis report that analyzed [...]
SEOUL, Sept. 18 (Korea Bizwire) — The recent trend of value consumption, which stresses the importance of emotional satisfaction, is widely spreading and penetrating the convenience store ice cream market. According to convenience store chain 7-Eleven, the portion of high-end products in its overall sales of ice cream stood at 23.6 percent this year. The [...]
SEJONG, Sept. 16 (Korea Bizwire) — South Korean imports of Japanese beer fell 97 percent in August from a year earlier due to a boycott of Japanese products amid a bilateral trade spat, data showed Monday. The value of imports of Japanese beer came to US$223,000 in August, compared with $7.56 million in the same [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korean beer exports to China shot up nearly four-fold in the last three years, data from a state-run trade promotion agency showed Friday. According to the Korea Trade-Investment Promotion Agency (KOTRA), beer shipments to China reached US$91 million in 2018, up 83 percent from $50 million the previous [...]
SEOUL, Sept. 13 (Korea Bizwire) – Pepero Day, one of South Korea’s biggest marketing events – similar to Valentine’s Day that falls on November 11, is expected to be less successful this year as convenience stores are reluctant to order chocolate sticks from Japan. Pepero Day, the same day celebrated in China as Singles Day, [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korean imports of Japanese beer nose-dived this month due to a boycott of products from the Asian neighbor here amid a bilateral trade dispute, data showed Thursday. The combined imports of Japanese beer over the first 10 days of this month fell a whopping 99.9 percent from a [...]
SEOUL, Sept. 9 (Korea Bizwire) — A recent study has shown that purchases of ingredients needed for cooking are dropping as more people are buying home meal replacement (HMR) products. In addition, fewer South Korean households are making their own kimchi, which explains the increasing consumption of packed kimchi and dwindling sales of pepper paste [...]