SEOUL, Mar. 29 (Korea Bizwire) — Malaysia is the No. 1 destination for South Korean small and medium-sized firms exporting halal food, a survey showed Thursday. Halal food refers to food products that are prepared in a specific way according to Islamic Sharia law, which covers not only meat but also fruits and vegetables. Malaysia [...]
SEOUL, Mar. 28 (Korea Bizwire) — High levels of paralytic toxins have spread along South Korea’s southeastern coast and contaminated shellfish, the maritime ministry said Wednesday, vowing to tighten oversight over the harvesting of the seafood. Earlier this month, paralytic toxins were detected in waters near the southern port city of Busan and Geoje Island [...]
SEOUL, March 23 (Korea Bizwire) — Hite Jinro Co., a major South Korean liquor maker, said Friday it will soon ship 30,000 bottles of its new “Chamnamootong Margeunisul” soju, the traditional Korean distilled liquor, to Hong Kong. The premium soju will be distributed to restaurants, supermarkets and bars through local distributors. The new brand with [...]
SEOUL, March 22 (Korea Bizwire) — Lotte Chilsung Beverage Co., the beverage maker of South Korean retail giant Lotte, said Thursday it has begun exporting the Korean rice wine makgeolli to India as it moves to expand its presence in the overseas market. The 4.5 percent alcohol by volume canned product, dubbed Rahua, is now [...]
SEOUL, March 22 (Korea Bizwire) — Sales of frozen snacks rose sharply in 2017 from the previous year, industry data showed Thursday, amid the growing popularity of frozen pizza, hot dogs and other snacks. The sales figure soared to 134.2 billion won (US$125 million) last year from 61 billion won the previous year, according to [...]
SEOUL, March 22 (Korea Bizwire) — Despite a 24.3 percent jump in sales of livestock products last year, big five convenience store chain CU is not resting on its laurels, and has decided to try selling fresh meat through a vending machine. CU announced on March 22 that it will place an “IoT Smart Vending [...]
SEOUL, Mar. 22 (Korea Bizwire) — Starbucks Coffee Korea Co., the local unit of the U.S. coffee giant, said Thursday it will begin a test run of cashless stores at three outlets next month amid rising use of credit card and mobile payment systems. The stores at the country’s major office districts — Gangnam and [...]
SEOUL, March 21 (Korea Bizwire) — Hite Jinro Co., a major South Korean liquor maker, said Wednesday outbound shipments of its products nearly tripled over the past 20 years, as it moves to expand its presence in the global market. Exports of the company’s alcoholic beverages came to 94 billion won (US$87.8 million) last year, [...]
SEOUL, March 20 (Korea Bizwire) — South Korea’s egg prices fell sharply in recent weeks compared to last year, despite the massive culling of chickens, due to outbreaks of avian influenza, data by a local trade cooperation showed Tuesday. The average price of a carton containing 30 eggs dropped to 4,718 won (US$4.40) as of [...]
SEOUL, Mar. 19 (Korea Bizwire) — South Korea’s retail industry is introducing quick delivery of fresh and frozen foods through phone orders, targeting single and double-income households, industry sources said Monday. Homeplus said more than 70 outlets across the country have adopted the service in which clients can buy fresh and frozen foods using their [...]