SEOUL, Aug. 29 (Korea Bizwire) — With South Korean whisky manufacturers suffering through almost 10 years of difficult market conditions, Diageo Korea Co., the largest whisky manufacturer in the country, has decided to shut down local production after 39 years in the country. Diageo Korea, the local unit of British beverage maker Diageo plc, decided [...]
SEOUL, Aug. 28 (Korea Bizwire) — The convenience store industry will exclude Japanese beers from promotional events next month in consideration of worsening public sentiment toward Japan. According to retail industry sources on Tuesday, major convenience store chains such as CU, GS25 and 7-Eleven excluded Japanese beers such as Asahi, Sapporo and Kirin Ichiban from [...]
SEOUL, Aug. 27 (Korea Bizwire) — The beverage industry’s “fat can” trend, are aimed at “heavy users,” is leading to a drop in the popularity of slim cans. With the prolonged economic downturn, cost-effectiveness is becoming an underlying concern for consumers, and more and more are looking at cost over volume. Furthermore, with consumption trends [...]
SEOUL, Aug. 26 (Korea Bizwire) — The worldwide popularity of Korean spicy food led by Samyang Foods Co.’s Spicy Chicken Ramen is encouraging foreign companies to come up with ‘me too’ products. The Korea Agro-Fisheries & Food Trade Corp. (aT) reported on Sunday that Indonesia’s leading noodle brand, Mie Sedaap, recently introduced its own version [...]
SEOUL, Aug. 25 (Korea Bizwire) — The South Korean market for ready-to-eat products increased 14 percent in 2018 on the back of rising demand from single-member households, seniors and others who seek convenience, data showed Sunday. The sales of home meal replacements (HMRs) reached 3 trillion won (US$2.47 billion) in 2018, rising from 2.6 trillion [...]
SEOUL, Aug. 23 (Korea Bizwire) — In his bustling city life, Jo Nam-kyu finds that preparing home-cooked meals can be a real struggle, leaving his kitchen nearly idle during weekdays. He and his wife have been working to find alternatives, and nowadays, they visit a discount store every two weeks to shop for ready-made meals, [...]
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 [...]