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Greenpeace Gives ‘Fail’ Grade to S. Korean Food Producers on Plastic Reduction

Greenpeace Gives ‘Fail’ Grade to S. Korean Food Producers on Plastic Reduction

SEOUL, Sept. 1 (Korea Bizwire) — An international environmental group gave a low score to the South Korean food industry’s efforts in dealing with plastic. The Seoul branch of Greenpeace published a report on Tuesday that analyzed the efforts of the country’s five major food companies — CJ Cheiljedang Corp., Lotte Chilsung Beverage Co., Ottogi [...]

Food Companies Boost Direct Sales Through Their Own Online Portals

Food Companies Boost Direct Sales Through Their Own Online Portals

SEOUL, July 2 (Korea Bizwire) — South Korea’s major food companies are expanding direct sales through their own online shopping portals instead of using large discount stores or e-commerce platforms. CJ Cheiljedang Corp., the country’s leading processed foods maker, has been engaged in aggressive marketing, greatly expanding the scope of discount events since it upgraded [...]

Food Companies Release Series of Plant-based Meat Products amid Growing Interest in Animal Welfare

Food Companies Release Series of Plant-based Meat Products amid Growing Interest in Animal Welfare

SEOUL, May 8 (Korea Bizwire) — So-called ‘meatless meat’ that is made from plant-based ingredients without animal products is gaining popularity among consumers. Shinsegae Food Inc., the food unit of of South Korean retail giant Shinsegae, reported that sales of its ‘No-chicken Nuggets’, released last month, were three times higher than the company’s sales projections. [...]

Food Makers Enjoy Two-digit Profit Hike amid Social Distancing

Food Makers Enjoy Two-digit Profit Hike amid Social Distancing

SEOUL, May 18 (Korea Bizwire) — South Korean giant food manufacturers boasted two-digit profit growth in the first three months of this year on brisk demand for instant home meal products amid coronavirus-led social distancing, data showed Monday. In the January-March period, earnings of food conglomerate CJ Cheiljedang Corp. were 28 percent higher than brokerages’ [...]

S. Korean Food Companies Aim for U.S. Market

S. Korean Food Companies Aim for U.S. Market

SEOUL, Sept. 5 (Korea Bizwire) — South Korean food companies struggling with tepid domestic demand are turning their eyes to the U.S. for a breakthrough. As more Americans are taking an interest in Korean food, an increasing number of South Korean companies are beginning to see potential in the American market, many of which have [...]