SEOUL, Jan. 2 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Thursday it is in the final stage of talks to build a US$160 million bakery plant in Texas under plans to expand its business in North and Latin American markets. SPC is fine-tuning with the City of Burleson in [...]
SEOUL, Aug. 13 (Korea Bizwire) – In a strategic shift to combat the migration of shoppers to online platforms, South Korean department stores are engaged in a fierce competition to introduce exclusive international cafes and dessert shops to the local market. Social media platforms are abuzz with posts from eager patrons flocking to newly opened establishments [...]
SEOUL, Aug. 7 (Korea Bizwire) – In a move to strike a balance between corporate expansion and small business protection, South Korea has announced changes to regulations governing bakery chains. The new rules, set to take effect this month, will allow major bakery companies to open more stores while slightly relaxing distance restrictions from smaller, independent [...]
SEOUL, Apr. 1 (Korea Bizwire) — Hur Young-in, the chairman of bakery giant SPC Group, did not show up for prosecution questioning scheduled for Monday on allegations that he forced bakers at a bakery affiliate to quit their labor union. The 74-year-old chairman is currently under investigation for his suspected involvement in an affiliate’s alleged [...]
SEOUL, June 18 (Korea Bizwire) — An increasing number of Americans and Europeans are buying sweet-flavored Korean bread for snacks, while Koreans are buying European bread to eat with meals. This is the result of a changing landscape in South Korea’s food culture, led by South Korean bakeries in foreign markets as well as the [...]
SEOUL, July 7 (Korea Bizwire) – Tous Les Jours, a South Korean bakery franchise, announced on Monday it will launch a monthly subscription service for its popular products, an industry first. The bakery is owned by CJ Foodville, a subsidiary of CJ Group. As part of the monthly subscription service, a customer can enjoy a [...]
SEOUL, Dec. 9 (Korea Bizwire) — With the continued growth of the delivery market, which is a hot topic in the food and restaurant industry, the era of consumers receiving bread delivered from bakeries near their homes to the front door has begun in earnest. Paris Baguette, the flagship bakery brand of South Korea’s SPC [...]
INCHEON, Jan. 29 (Korea Bizwire) — Senior-friendly companies in South Korea are expanding efforts to create jobs for the aged. Bonne Bakery, located in Incheon, is a senior-friendly company that employs 19 senior employees between the ages of 63 and 80. The company was selected by the Korea Labor Force Institute for the Aged in [...]
SEOUL, Jan. 19 (Korea Bizwire) – Major South Korean baking and confectionery companies will begin using powdered eggs instead of fresh eggs for their products starting next month, industry officials said Thursday. According to the officials, they plan to import a combined 400 tons of powdered eggs from China and the United States in February. [...]
SEOUL, Dec. 21 (Korea Bizwire) – With South Korea struggling to contain a record-breaking bird flu outbreak that has so far led to the culling of close to 20 million poultry, it may be only a matter of time until the country suffers a critical egg crisis. Lotte Mart, a discount store chain, began limiting [...]