SEOUL, Dec. 31 (Korea Bizwire) — With South Korea’s gross national income (GNI) expected to surpass US$30,000 this year, some predict that the domestic dining market will decline in the coming year. According to Prof. Choi Kyu-wan of Kyunghee University, the dining industry goes through three stages with economic and social development: a growth period, [...]
SEOUL, Dec. 26 (Korea Bizwire) — The production of sauces has increased in South Korea, as the prevalence of traditional “homemade” meals has waned and the popularity of convenience food and eating out has increased. Various sauces are being produced to meet consumer needs, but a drop in sales of traditional sauces including ketchup and [...]
SEOUL, May 23 (Korea Bizwire) – South Korean food companies are introducing convenience bar snacks with the “drinking solo” (or “honsul”) culture spreading fast amongst local drinkers. Chung Jung One said Monday that it is introducing a new lineup of bar snacks dubbed Anjuya, including boneless chicken feet, spicy pork rinds, and pork entrails. The [...]
SEOUL, Feb. 6 (Korea Bizwire) – The rise of single-person households and working couples has led to remarkable growth in the convenience food market in the past five years, with soaring demand for convenience store lunch boxes, ready-to-eat packaged fruit, and other forms of food products promising to help make life easier for busy modern-day [...]
INCHEON, Oct. 12 (Korea Bizwire) – Convenience food, packaged Korean cuisine, is rapidly gaining popularity among foreigners, with an increasing number of travelers purchasing the products at Korean airports before departure. Food and restaurant services company Our Home started offering Korean convenience food at its Food Empire outlets at Incheon International Airport this year. Food [...]
SEOUL, Dec.4 (Korea Bizwire) – Despite the prolonged stagnation of consumption in Korea, the convenience food market continues to grow. According to Nielsen Korea, the global information analysis company, sales of instant products (convenience foods edible after heating) were 1.4 trillion won from September 2014 to August 2015, which was a 9.8 percent increase compared [...]