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 [...]
SEOUL, Apr. 26 (Korea Bizwire) — Korea’s domestic processed meat market saw a decrease in the popularity of ham eaten as a side dish and a rise in the consumption of hot dog sausages. This was according to a market survey that analyzed the processed meat market over the last four years (published by CJ [...]
SEOUL, Apr. 23 (Korea Bizwire) — Starbucks Coffee Korea Co., the local unit of the U.S. coffee giant, said it began a test run of cashless stores at three of its outlets on Monday amid rising use of credit card and mobile payment systems in the country. The stores at major office districts — Gangnam [...]
SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]
SEOUL, April 19 (Korea Bizwire) – Paldo Co., a local food company, said Thursday it has earned a halal certificate for its kids drinks as it moves to bolster overseas sales. Pororo Drinks recently gained certification from the Indonesian Council of Ulama, or MUI, marking the first such case for beverage products targeting children, [...]
SEOUL, April 18 (Korea Bizwire) — CJ Cheiljedang Corp., South Korea’s leading processed food maker, said Wednesday its dumpling factory in Russia has begun full-fledged operations after going through some stabilization work as the firm moves to expand its presence in the European market. The company recently completed upgrading the facilities in St. Petersburg after [...]
SEOUL, Apr. 16 (Korea Bizwire) — Shinsegae Food Inc., the food manufacturer of South Korean retail giant Shinsegae, said Monday it has earned a halal certification for its Korean instant noodles as it moves to expand its presence in the Southeast Asian market. The instant noodles product, “ramyeon” in Korean, developed by a joint venture [...]
SEOUL, April 13 (Korea Bizwire) – BHC Co., a local fried chicken franchise operator, said Friday it will invest 17 billion won (US$16 million) to create jobs for young people as the country struggles with high youth unemployment rate. The company said it will lend 15 billion won to young people to open branches of the fried chicken franchise free of interest and spend another 2 billion won in supporting their employment. BHC said it will lend 50 million to 200 million won per store with a 10-year [...]
SEOUL, April 12 (Korea Bizwire) — South Korea’s insect industry is on the rise. In North Gyeongsang Province, the number of insect farms increased by 63 percent last year, from 244 to 398 households with an increase of 209 workers. Since 2014, when there were 68 households farming insects, the industry has seen more entrants [...]
SEOUL, Apr. 11 (Korea Bizwire) — South Korea’s domestic cereal bar market grew 19.6 percent on-year in 2017 amid a rapid increase of the number of single-person households, a report showed Wednesday. The market size for cereal bars was estimated at around 49 billion won (US$46 million) last year, Dongsuh Foods Corp. said, citing a [...]