SEOUL, March 29 (Korea Bizwire) — Local bakeries and noodle restaurants are struggling with a spike in the price of flour and other ingredients since last year. For many small owner-operated businesses, buying and storing flour in advance is not an option, which has exposed them to the risk of direct impact from price fluctuations. [...]
SEOUL, Jan. 6 (Korea Bizwire) — Convenience stores are challenging bakeries as they introduce a series of high-quality bread products. GS Retail Co. said Tuesday that its convenience store chain GS25 and supermarket franchise GS The Fresh will introduce Breadique, a new bakery brand. The new brand comes with four signature products made with 1A-grade [...]
SEOUL, Oct. 20 (Korea Bizwire) — The sales to operating profit ratio of South Korea’s bakeries is falling behind that of coffee shops and fried chicken restaurants. Roughly 18,500 bakeries that produce their own baked goods were operating across the country as of August, according to a report from KB Financial Group, a major South [...]
SEOUL, Sept. 3 (Korea Bizwire) — As the so-called ‘Level 2.5’ social distancing rules have taken effect in South Korea, customers are allowed to consume food and drinks inside bakeries, but not at franchise coffee chains in the Greater Seoul area. The government said that its decision not to include bakeries on the list of [...]