SEOUL, April 17 (Korea Bizwire) — The South Korean food industry is following the eco-friendly trend by introducing a variety of products made from recycled food byproducts. CJ Cheiljedang Corp. has introduced a snack made with cracked rice and pureed soybean. Since its release in April last year, it was only available at pop-up stores [...]
SEOUL, April 17 (Korea Bizwire) — With high inflation putting financial pressure on households, an increasing number of consumers are opting for frozen products, even in the categories of fruits and vegetables. According to South Korean discount retailer E-Mart Inc., the company’s sales of frozen vegetables marked a 22.4 percent growth over the past year [...]
SEOUL, April 15 (Korea Bizwire) — Sales of hangover relievers have increased due to an increase in drinking parties as COVID-19 becomes endemic. Pills, sticks, and jelly products have become popular among the MZ generation as they are simpler and more delicious than the drink formulation. Sales of drinks increased by 61.6% year-on-year, but jelly [...]
SEOUL, April 14 (Korea Bizwire) —Homeplus, a large discount store in South Korea, has reported a 36% increase in sales of its own-brand “Homeplus Signature” products from January to March compared to the same period last year. The sales of private label products were particularly high in food categories such as refrigerated convenience foods, snacks, [...]
SEOUL, April 13 (Korea Bizwire) — As mixology, a term for mixing various types of alcoholic drinks, is gaining popularity, convenience store chain operators are diversifying their alcohol ranges by releasing highballs, a type of cocktail normally made with Scotch whisky and carbonated water. CU released a lemon highball in collaboration with local artist Chungshin. [...]
SEOUL, April 12 (Korea Bizwire) — The number of campgrounds in South Korea has gone up by more than 1,000 over the past four years with the rising popularity of camping. The Korea Tourism Association reported that the number of campgrounds across the country reached 3,280 in 2022, up by 407 from the end of [...]
SEOUL, April 12 (Korea Bizwire) — Rising consumer prices have led to the rising popularity of “ugly” fishery products, attracting consumers with their competitive pricing. SSG.com, the online mall arm of South Korean retail giant Shinsegae Group, introduced “ugly” fishery products like South Korean squid and Argentinian shrimp at the newly opened misfits market for [...]
SEOUL, April 12 (Korea Bizwire) — With the price of gold surging in recent days, an increasing number of investors are buying actual gold products. According to industry sources, the value of gold bars sold through the nation’s four major banks during the period from April 1 to 6 stood at about 2.49 billion won [...]
SEOUL, April 11 (Korea Bizwire) — The most common Myers-Briggs Type Indicator (MBTI) type among the wealthiest individuals in South Korea is ESTJ — extraverted, sensing, thinking and judging — a report showed Monday. According to the report by the Hana Institute for Finance, 26.8 percent of the country’s superrich were ESTJ, which is three [...]
SEOUL, April 11 (Korea Bizwire) – South Korea’s largest car-sharing and mobility service provider SOCAR Inc. said Monday that the use of its Commuter Pass subscriptions, designed for office workers, grew robustly by about 50 percent from November last year to March of this year. The Commuter Pass is a program that provides users with access to SOCAR [...]