SEOUL, Jan. 4 (Korea Bizwire) — It has been reported that convenience store wine is gaining popularity among men in their 30s. The wine is cost effective, with bottles selling for as little as 10,000 won ($8.87). Sales data from GS25, a convenience store operated by GS Retail Co., offers additional confirmation. Of all the [...]
SEOUL, Jan. 3 (Korea Bizwire) — More than 60 percent of outlets operated by two leading fast food restaurants, McDonald’s and Lotteria, have electronic kiosks, industry officials said Thursday. A total of 825 out of 1,350 Lotteria branches across the country, or 62 percent, currently operate automated kiosks for ordering food, they said. “Most of [...]
SEOUL, Jan. 2 (Korea Bizwire) — Japanese beer kept the title of most-imported beer last year in South Korea, while imports of Chinese beer faltered. Beer imports from Belgium and the U.S. also grew rapidly. South Korea’s National Tax Service released statistics showing that beer imports between January and November of last year totaled $288 [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea now accounts for 60 percent of Japanese beer exports every year. Most of the imports are manufactured at three factories in Fukuoka and Oita, Japan. NHK, Japan’s national public broadcasting channel, reported on Thursday that the volume of Japanese beer exports to South Korea has increased by [...]
SEOUL, Dec. 31 (Korea Bizwire) — With South Korea’s gross national income (GNI) expected to surpass US$30,000 this year, some predict that the domestic dining market will decline in the coming year. According to Prof. Choi Kyu-wan of Kyunghee University, the dining industry goes through three stages with economic and social development: a growth period, [...]
SEOUL, Dec. 31 (Korea Bizwire) — The traditional alcoholic beverage “makgeolli” has contributed to the increased consumption of alcoholic beverages by older women, a report showed Monday. According to the report conducted by a team of researchers at Seoul National University College of Medicine, a daily average of alcoholic beverages consumed by women aged between [...]
SEOUL, Dec. 28 (Korea Bizwire) — E-coupons for dining are selling like hot cakes as the end of the year approaches. The increased sales seem to be reflecting the lifestyle changes of many South Korean workers. With employees now limited to 52 hours of work per week, the number of work-related drinking get togethers has [...]
SEOUL, Dec. 27 (Korea Bizwire) — Prices of boxed lunch products have increased at the fastest pace among all ready to eat meals sold this year, government data showed Thursday. According to the data by Statistics Korea, the prices of lunch boxes, which are mostly sold at convenience stores, increased 6.5 percent compared to the [...]
SEOUL, Dec. 26 (Korea Bizwire) — The production of sauces has increased in South Korea, as the prevalence of traditional “homemade” meals has waned and the popularity of convenience food and eating out has increased. Various sauces are being produced to meet consumer needs, but a drop in sales of traditional sauces including ketchup and [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea will expand support to develop a wide range of quality fish cake products and step up marketing efforts to boost sales at home and abroad, the oceans ministry said Wednesday. The fish cake, called “eomuk” in Korean, is a processed seafood product made of ground white fish [...]