SEOUL, Nov. 3 (Korea Bizwire) — South Korea’s retail industry is releasing a string of small-sized food products targeting consumers who eat smaller amounts of food after dividing larger dishes into smaller portions. Convenience store chain GS25 released two different types of “cup bap,” or cup rice, a quick and cheap meal served in a [...]
SEOUL, Oct. 31 (Korea Bizwire) — Sales of zero-calorie drinks are on the rise in the post-pandemic era as more people from the younger generation look after their health. Convenience store chain CU reported a more than 15-fold increase in sales of zero-calorie beverages this year compared to 2019, up by 112.5 percent from last [...]
SEOUL, Oct. 31 (Korea Bizwire) — Retail sales in South Korea grew 7.5 percent on-year in September on an increase in people’s outdoor activities amid eased antivirus curbs, data showed Monday. The combined sales of 25 major offline and online retailers came to 14.21 trillion won (US$9.98 billion) last month, compared with 13.2 trillion won [...]
SEOUL, Oct. 28 (Korea Bizwire) – Lotte Confectionery Co., a major South Korean snacks and ice cream maker, said Thursday it is holding a broad promotional campaign in foreign countries like Kazakhstan, Taiwan, the Philippines and Singapore ahead of Pepero Day. Pepero, the brand’s longtime best seller, is a thin cookie stick with an outer [...]
SEOUL, Oct. 25 (Korea Bizwire) — Cigarette maker Philip Morris International Inc. said Tuesday it will launch the new IQOS ILUMA e-cigarette heating device next month, as competition heats up in South Korea’s growing non-combustible tobacco market. The IQOS ILUMA is the latest heatable e-cigarette device from the U.S. tobacco maker in three years. The [...]
SEOUL, Oct. 24 (Korea Bizwire) — South Korean retail giants are stepping up efforts to secure rare premium wines as the domestic wine market is growing at a rapid pace. Lotte Department Store recently hired a string of professional wine sommeliers specialized in sourcing premium foreign wines differentiated from the other wines popular in the [...]
SEOUL, Oct. 21 (Korea Bizwire) — SPC Group chairman apologized Friday for the death of a young worker at a bread-making factory amid a boycott campaign against the South Korean food and beverage giant. The 23-year old employee was killed on Saturday after her upper body was caught in a sauce mixer at the factory [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s retail industry is enjoying a surge in sales of Halloween-related items ahead of the Halloween weekend. Discount retailer Emart Inc. saw annual sales of Halloween items rise by more than 20 percent every year from October 2019 to October 2021. By generation, the consumer base has expanded [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korean food conglomerate CJ CheilJedang Corp. said Tuesday it has launched two seaweed-based snacks for customers in Europe and Japan, as part of its drive to expand globally. Seasoned seaweed, known as “gim” in Korean, is a staple in Korean cuisine used to make kimbap or consumed as [...]
SEOUL, Oct. 18 (Korea Bizwire) — As people in their 20s and 30s, who value special experiences, emerge as the main consumer group for the alcoholic beverage market, brand-new beverages with differentiated value such as distilled soju and beer from craft breweries are rising to the top of sales rankings. Convenience store chain GS25 analyzed [...]