SEOUL, May 10 (Korea Bizwire) — South Korea’s restaurant industry has been shrinking at a fast clip due to a rise in the number of one-person households and other unfavorable factors, government data showed Thursday. The number of restaurant owners stood at 729,724 in December last year, down 0.51 percent, or 3,718, from the previous [...]
SEOUL, May 7 (Korea Bizwire) — After recording a market share of 0 percent in China’s smartphone market in the fourth quarter of last year, a recent report has shown that Samsung Electronics barely broke the 1 percent mark in the first quarter of this year. According to Street Analytics, a market research firm, Samsung [...]
SEOUL, May 3 (Korea Bizwire) — As the number of single households in South Korea continues to rise, smaller portions of sliced fruit and sliced fruit cups are becoming popular with consumers. According to an announcement by Lotte Mart on Wednesday, an analysis of watermelon sales during a three-year period from 2015 to last year [...]
SEOUL, Apr. 26 (Korea Bizwire) — Korea’s domestic processed meat market saw a decrease in the popularity of ham eaten as a side dish and a rise in the consumption of hot dog sausages. This was according to a market survey that analyzed the processed meat market over the last four years (published by CJ [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korean-made refrigerators were named among the most kid-friendly fridges by a U.S. consumer advocacy magazine after a survey of parents, companies said Monday. Consumer Reports announced five “Kid-friendly Refrigerators That Please Parents,” a list which includes two models from LG Electronics and one from Samsung Electronics. The two [...]
SEOUL, Apr. 23 (Korea Bizwire) — Sales of ramyun instant noodles decreased for the first time in three years in 2017 with the overall market size falling after posting steady gains, market data showed Sunday. Industry sources, citing figures released by Nielsen Korea, said total sales of the country’s leading ramyun manufacturers — Nongshim Co., [...]
SEOUL, Apr. 11 (Korea Bizwire) — South Korea’s domestic cereal bar market grew 19.6 percent on-year in 2017 amid a rapid increase of the number of single-person households, a report showed Wednesday. The market size for cereal bars was estimated at around 49 billion won (US$46 million) last year, Dongsuh Foods Corp. said, citing a [...]
SEOUL, Apr. 9 (Korea Bizwire) — The market for air purifiers in South Korea is set to continue expanding going forward, industry watchers said Sunday, as more consumers are becoming concerned about fine dust levels in the air. Sales of air purifiers in the country are expected to reach around 2 million to 2.5 million [...]
SEOUL, Apr. 6 (Korea Bizwire) — Sales of hand cleansers and laundry detergents for babies have risen sharply amid growing concerns over worsening levels of fine dust in the air, local businesses said Friday. South Korea has been suffering from worsening air pollution caused by fine dust particles emitted both at home and from China, [...]
SEOUL, Mar. 15 (Korea Bizwire) — Starbucks Coffee Korea posted a record operating profit last year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Thursday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 114.4 billion won (US$107 million) in operating profit on 1.2 trillion won [...]