SEOUL, Jan. 10 (Korea Bizwire) — The number of new convenience stores in South Korea dropped last month, ostensibly due to this year’s minimum wage hike. According to industry sources, a total of 83 stores were added by the three major convenience store chains CU, GS25, and 7-Eleven in December – 44, 25, and 14, respectively. [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s squid catch fell to the lowest level in five years in 2017, dented by Chinese boats’ overfishing in the East Sea, a report showed Wednesday. South Korean boats caught a total of 12,082 tons of squid in coastal waters and the open sea last year, which was [...]
SEOUL, Jan. 10 (Korea Bizwire) — Despite the government dismantling an attempt by a leading chicken franchise to raise the cost of its meals last year, the matter appears to have maintained relevance, with the industry once more abuzz with discussion of what some believe is a necessary price adjustment. The industry is arguing that [...]
SEOUL, Jan. 9 (Korea Bizwire) — The Cabinet is to renew a ban on TV advertisements for high calorie, low nutrient foods from 5 p.m. to 7 p.m. daily, in an effort to tackle child obesity. The ban, which also prohibits mid-program ads of such foods during children’s TV programs at other times, was first [...]
SEOUL, Jan. 8 (Korea Bizwire) — Foreigners satisfaction over traditional Korean food, known as hansik in Korea, was the lowest in the neighboring country of Japan, poll showed Monday, amid frayed ties between the two countries over a number of diplomatic issues. Japanese people’s awareness of Korean food came at 32.8 percent, compared to the [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean food processing firms are striving to develop microwavable packing containers for frozen and instant foods amid the growing popularity of home meal replacement (HMR) products, industry sources said Thursday. The size of the local packaging industry stood at 44.2 trillion won (US$41.4 billion) in 2015 while the [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Koreans swapped rice out for noodles once every five days in 2016, per a government study on last year’s noodle consumption. The “noodle” term used in the study does not include “ramyeon” – packaged instant noodles for which the market is so big it is regarded as its [...]
SEOUL, Dec. 29 (Korea Bizwire) — The Seoul metropolitan government has adopted a revised ordinance banning people from carrying takeaway coffee cups into a public bus as part of its efforts to make bus travel safer and lessen cases of disputes, city officials said Friday. The ordinance, which will take effect on Thursday, will enable [...]
SEOUL, Dec. 27 (Korea Bizwire) – Food trucks in South Korea will be allowed to display advertisements starting next year. The Ministry of the Interior and Safety announced that an amendment to the management and promotion off outdoor advertisements act has passed at a Cabinet meeting. According to the enforcement ordinance, food trucks will be able [...]
SEOUL, Dec. 26 (Korea Bizwire) – A new study has found fermented foods with lactic acid bacteria such as kimchi can help fight the flu. The joint study conducted by Korea University, the World Institute of Kimchi, and Daesang Corporation revealed that traditional fermented foods with lactobacillus can help control flu viruses, according to the [...]