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Household Spending on Food, Hospitality Services Dips in Q4 amid Pandemic

Household Spending on Food, Hospitality Services Dips in Q4 amid Pandemic

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 [...]

Food Volunteer Programs Help Pyongyang’s Busy Households

Food Volunteer Programs Help Pyongyang’s Busy Households

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 [...]

Coronavirus Revitalizes Meal Kit Market

Coronavirus Revitalizes Meal Kit Market

SEOUL, Sept. 23 (Korea Bizwire) — Home meal kits are gaining popularity among consumers as quarantine and social distancing measures are revitalizing the meal kit market. Meal kits come with prepared ingredients as well as recipes that customers can follow to cook various meals at home. Fresheasy Co., a meal kit manufacturer, saw company sales [...]

U.S. Agriculture Praises Senate Letter Urging Administration to Make Greater Strides to Protect Common Food and Wine Terms

U.S. Agriculture Praises Senate Letter Urging Administration to Make Greater Strides to Protect Common Food and Wine Terms

ARLINGTON, Va., July 31 (Korea Bizwire) — A diverse range of farm and agricultural industries is praising a bipartisan Senate letter sent today to U.S. Trade Representative (USTR) Robert Lighthizer and U.S. Agriculture Secretary Sonny Perdue urging stronger international safeguards to protect U.S. exporters using common food and wine terms. Sens. John Thune (R-SD), Debbie Stabenow (D-MI), [...]

Food Producers Offer Upsized Products to Stimulate Consumption

Food Producers Offer Upsized Products to Stimulate Consumption

SEOUL, Feb. 21 (Korea Bizwire) — Food businesses are striving to overcome the economic slump coupled with the coronavirus outbreak. Companies are trying to approach consumers by lowering prices and increasing product size, despite various factors that negatively impact pricing. Haitai Confectionery & Foods Co., a major confectionery company in South Korea, introduced a new, [...]