SEOUL, Aug. 3 (Korea Bizwire) — CJ Logistics Corp., a major South Korean logistics company, said Thursday that it has signed an initial agreement with Japanese shipping company Ocean Network Express Pte. Ltd. as part of its efforts to expand its global business. With the memorandum of understanding, Ocean Network Express, also called ONE, will [...]
SEOUL, Aug. 1 (Korea Bizwire) — An increasing number of consumers are showing a preference for packaged traditional chicken soup, or “samgyetang,” an iconic summer dish in South Korea. According to CJ Cheiljedang Corp., sales of Bibigo Samgyetang from July 1 to 25 tripled compared to the same period in April and May. In the first [...]
SEOUL, July 31 (Korea Bizwire) — South Korean instant noodle maker Nongshim Co. said Sunday it will be releasing Shin Ramyun The Red, an extra spicy limited edition of its flagship noodle Shin Ramyun, on August 14. Shin Ramyun The Red measures around 7,500 Scoville heat units (SHU), which is twice as spicy as the [...]
SEOUL, July 31 (Korea Bizwire) — South Korean food giant CJ Cheiljedang Corp. said Monday it has sold off all of its shares in Chinese food company Sichuan Jixiangju Food at 300 billion won (US$235.8 million). CJ Cheiljedang had bought a combined 60 percent share in the Chinese firm, which deals with Chinese foods, including [...]
SEOUL, July 28 (Korea Bizwire) — Sales of cigarettes in South Korea moved down 0.6 percent on-year in the January-June period, data showed Friday. South Korean smokers purchased 1.77 billion 20-cigarette packs in the first half, falling from 17.8 billion packs posted a year earlier, according to the Ministry of Economy and Finance. Heat-not-burn tobacco [...]
SEOUL, July 28 (Korea Bizwire) – South Korea’s exports of ice cream reached a record high in the first half of 2023, data showed Friday, on the back of the growing popularity of Korean entertainment content across the globe. Outbound shipments of ice cream and other edible ice products reached US$59 million in the January-June [...]
SEOUL, July 27 (Korea Bizwire) — Korean Air Co. said Wednesday it will introduce KAL’s Lager, a craft beer developed in-house, to passengers in September. The South Korea’s top air carrier collaborated with Playground Brewery to create the craft beer. Commencing from Thursday, KAL’s Lager will be available for purchase at Emart 24 convenience stores [...]
SEOUL, July 24 (Korea Bizwire) — A pop-up store to mark the upcoming Seoul visit of the English football club Manchester City will be opened later this week, its operator said Monday. The pop-up store, named “Puma City,” will operate from Friday to Sunday at Lotte World Mall in Jamsil, southern Seoul, according to Lotte [...]
SEOUL, July 21 (Korea Bizwire) — South Korean cosmetics and household goods maker LG Household & Health Care Ltd. is planning to exit the cosmetics franchise business due to poor performance. The company announced the proposal of changing the franchise contract structure into a ‘merchandise supply contract’ to the owners of franchise shops, and related [...]
SEOUL, July 13 (Korea Bizwire) — South Korea’s top instant noodle maker, Nongshim Co., said Thursday it aims to triple its sales in the United States by 2030 to top the U.S. instant noodle market. “Nongshim will boost annual sales to US$1.5 billion, threefold of the current level, by 2030 and top the U.S. ramyeon [...]