SEOUL, Aug. 20 (Korea Bizwire) — The South Korean food industry is entering the global home meal replacement (HMR) market, based on the confidence supported by its growing presence in the South Korean market as well as its diversifying products. Rising competition in the domestic market as well as shrinking food consumption are also factors [...]
SEOUL, Aug. 19 (Korea Bizwire) — South Korea should restrict imports of processed foods from Japan’s Fukushima region as radiation has been found in shipments, an opposition lawmaker said Monday. South Korea banned all seafood imports from eight Japanese prefectures near Fukushima in 2013 on concerns over their radiation levels in the wake of the [...]
SEOUL, Aug. 19 (Korea Bizwire) — Korean barbeque, fried chicken, and bibimbap are some of the most popular Korean foods overseas. In Indonesia, however, topokki, a dish of Korean stir-fried rice cakes, is gaining extensive popularity among members of the younger generation. Korean food franchises in Indonesia, such as Ojju, Omija, and Mujigae are selling [...]
DAEGU, Aug. 19 (Korea Bizwire) — Every end of July, the city of Daegu holds its signature Chimac (combination of chicken and beer in Korean) Festival to fight off summer heat. The festival gathered more than 270,000 people over just three days when it first began in 2013, and won the title of Daegu’s most [...]
SEOUL, Aug. 13 (Korea Bizwire) — Starbucks Korea reported a 28 percent on-year jump in its operating profit in the first half of the year amid rising appetite for premium coffee, discount store chain E-Mart said Tuesday. From January to June, the U.S. coffee giant posted an operating profit of 74.7 billion won (US$61 million) [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korean imports of Japanese beer and cars tumbled in July due to a boycott of Japanese products here amid a bilateral trade spat with the neighbor, data showed Tuesday. Imports of Japanese beer nose-dived 45 percent on-month to US$4.34 million last month, according to the data from the [...]
SEOUL, Aug. 5 (Korea Bizwire) — Recent data has revealed that South Korea was the fifth-largest importer of European beer last year. The biggest export market for European Union (EU) beer last year was the United States, where a combined 1 billion liters of beer were exported, according to EU statistics agency Eurostat. This is [...]
SEOUL, Jul. 26 (Korea Bizwire) — Amid the widespread boycott following export restrictions imposed by Japan, the large discount store and convenience store industry decided to exclude Japanese products from its import beer discount promotions. Three major retailers – E-Mart, Lotte Mart and Homeplus – have effectively suspended new orders for Japanese beer as a [...]
SEOUL, Jul. 25 (Korea Bizwire) — The frozen food market, especially frozen cooked rice, which used to be dominated by fried rice in the past, is emerging as a new leader in the market for convenience foods with improved quality. The size of South Korea’s frozen rice market stood at 91.5 billion won (US$77.5 million) [...]
SEOUL, Jul. 22 (Korea Bizwire) — South Korean-made dried laver is the number one player in the Indonesian market with an increasing market share. In particular, South Korea is seen as an “origin country of dried laver” in Indonesia as Korean dried laver products are more than 10 times more popular than Japanese products. Indonesia’s [...]