food industry Archives | Be Korea-savvy
S. Korea to Nurture Food Sector as New Growth Engine

S. Korea to Nurture Food Sector as New Growth Engine

SEOUL, Dec. 4 (Korea Bizwire) — South Korea said Wednesday it will double the size of key food industries by 2030 to serve as a new growth engine by easing regulations and revamping related policies. Under the plan, South Korea plans to focus on five major foodstuff industries, namely customized, functional, ready-to-eat, environmentally friendly and [...]

Food Industry Scrambles to Tap into Pengsoo’s Popularity

Food Industry Scrambles to Tap into Pengsoo’s Popularity

SEOUL, Nov. 20 (Korea Bizwire) — Pengsoo, a penguin character from the education broadcasting company EBS is being wooed by the food industry for marketing. Binggrae Co., a major dairy maker, recently met with EBS to discuss a potential marketing program with Pengsoo in the lead. Binggrae held a competition last month to select the [...]

Delivery Applications Drive Sales Boost for Dining Industry, But Profits Remain Elusive

Delivery Applications Drive Sales Boost for Dining Industry, But Profits Remain Elusive

SEOUL, Oct. 15 (Korea Bizwire) — While restaurants and other dining companies are increasingly dependent on delivery apps, owners do not think that these apps help them increase profitability, a recent survey has showed. According to a study released Monday by the Korea Food Service Industry Research Institute (KFIRI), 49.8 percent of the average number [...]