SEOUL, June 28 (Korea Bizwire) — The average cost of food for four-person households marked near double-digit growth in the first quarter of this year due to the hike in food prices resulting from Russia’s invasion of Ukraine and major countries’ export sanctions on Russia. According to data from Statistics Korea, the monthly cost of [...]
SEOUL, June 8 (Korea Bizwire) — Households in the lower income tier are spending a significant share of their income on food, including groceries and dining out, data showed Tuesday. The Ministry of Economy and Finance and Statistics Korea said that 42.2 percent of the average disposable income (847,039 won) earned by households in the [...]
SEOUL, Dec. 31 (Korea Bizwire) — A number of low-income households had less than an appropriate amount of food with less or no consideration for a balanced diet last year. The Korea Disease Control and Prevention Agency conducted an analysis of national health and nutritional surveys, which showed that only 86.6 percent of low-income households [...]
SEOUL, Nov. 2 (Korea Bizwire) — As the public’s interest in health and weight control increased following the COVID-19 pandemic, ‘low food’ that has been regarded as a niche product is emerging as a main product for the South Korean food industry. Low food refers to food that has reduced levels of specific ingredients such [...]
SEOUL, Aug. 4 (Korea Bizwire) — As the Korean food supplier for the South Korean national teams at the Tokyo Olympics continues to raise controversy among Japanese politicians, the Japanese government continues to insist that food from Fukushima is safe. Japanese Foreign Minister Toshimitsu Motegi said at a press conference on Tuesday that Japan is [...]
SEOUL, Aug. 4 (Korea Bizwire) — Living as a vegetarian in South Korea is not an easy task. Pork belly barbecue and fried chicken are common at company meals — leaving vegetarians with the option of eating side dishes like soybean paste stew and cold buckwheat noodles. Due mostly to a lack of vegan menu [...]
URAYASU, Japan, July 20 (Korea Bizwire) — South Korean athletes competing at the Tokyo Olympics will be getting a taste of home during their stay in Japan, thanks to a makeshift kitchen built in a hotel near their living quarters. The Korean Sport & Olympic Committee (KSOC) has set up its meal service center at [...]
SEOUL, March 11 (Korea Bizwire) — South Korean households’ spending on restaurants and hotels dropped in the fourth quarter of last year amid a resurge of coronavirus infections, central bank data showed Thursday. Household spending on eating out and hospitality services came to 18.9 trillion won (US$16.6 billion) in the October-December period, dropping below the [...]
SEOUL, Dec. 30 (Korea Bizwire) — With the pandemic’s end still a long way off, home shopping businesses are seeing reporting an increase in food sales. Among GS Shop’s total sales in the third quarter this year, food accounted for 29 percent, up 6 percentage points compared to last year and 4 percentage points higher [...]
SEOUL, Dec. 14 (Korea Bizwire) — Volunteer programs where merchants come to residential areas early in the morning to sell soup and side dishes to busy, dual-income households are spreading across North Korea. Uriminzokkiri, one of the North’s propaganda websites, reported Sunday on the lives of joint breadwinners taking care of breakfast using the volunteer [...]