SEOUL, Jun. 4 (Korea Bizwire) — Similar to the “High Pass” system employed on highways, allowing cars to automatically pay tolls, a Starbucks version is in the works. Starbucks Korea revealed today that it was implementing its “My DT Pass” system for the first time in the world via Korea’s drive-through coffee shops. “My DT [...]
SEOUL, May 30 (Korea Bizwire) — The number of South Korean food service firms in foreign countries rose 2.7 percent in 2017 from a year earlier, but their profitability deteriorated sharply due mainly to stiffer competition, a survey showed Wednesday. The survey released by the Korea Foodservice Industry Research Institute showed that 193 South Korean [...]
SEOUL, May 28 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs announced yesterday that along with aT Korea Agro-Fisheries & Food Trade Corporation, the Ministry will be showcasing Korean food ingredients to American consumers thanks to the help of YouTube star Maangchi. Addressing the theme “Red and spicy vegetable food ingredients of [...]
SEOUL, May 13 (Korea Bizwire) — Local beer is steadily being sidelined by imports as distributors are focusing on importing foreign brands that can potentially threaten South Korea’s production base, industry observers here said Sunday. Market insiders said that South Korean distributors are currently competing with each other to secure rights to import foreign beer [...]
SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]
SEOUL, May 7 (Korea Bizwire) — Mackerel imported from Norway took up 90 percent of the domestic share of mackerel imports in the first quarter, signaling the domination of Norwegian mackerel domestically. In contrast, domestic production of the popular fish fell to its lowest numbers in five years, fueling worrisome sentiment in the industry. According [...]
SEOUL, May 3 (Korea Bizwire) — As the number of single households in South Korea continues to rise, smaller portions of sliced fruit and sliced fruit cups are becoming popular with consumers. According to an announcement by Lotte Mart on Wednesday, an analysis of watermelon sales during a three-year period from 2015 to last year [...]
SEOUL, May 2 (Korea Bizwire) — The domestic market for frozen food grew from 20 billion won in 2014 to 70 billion won in 2017. CJ CheilJedang, the largest player in the frozen food industry, announced that sales of its “Bibigo” frozen food products topped 33 billion won last year, a twofold increase from 2016. [...]
SEOUL, Apr. 30 (Korea Bizwire) — With South Koreans increasingly valuing emotional satisfaction in affordable purchases, the popularity of dessert cafés is soaring, to the detriment of fast food franchises. The South Korean dessert industry in 2016 reached 9 trillion won, accounting for 10 percent of the dining industry, according to sources close to the food [...]
SEOUL, Apr. 30 (Korea Bizwire) — The McDonald’s outlet at exit No. 3 of Seoul’s Shinchon Station: for many, it was more than a run-of-the-mill burger place to grab a bite to eat. “Looking for a job after graduation, I spent many hours there for group studies and mock interviews with other applicants,” said Song [...]