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 [...]
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 [...]
SEOUL, Sept. 8 (Korea Bizwire) — Weekly sales of ready-to-eat meals at convenience stores jumped as bars are now required to close down at 9 p.m. in accordance with tighter quarantine measures. Convenience store chain CU reported that in the period between 10 p.m. and 2 a.m. from Aug. 30 to Sept. 5, sales of [...]
SEOUL, Aug. 18 (Korea Bizwire) — A recent survey has revealed that almost 6 in 10 Korean consumers are taking delivery of food on a regular basis through a food subscription service. According to an online survey conducted by the state-run Korea Agro-Fisheries & Food Trade Corp. of 1,375 local consumers, 57.2 percent of the [...]
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), [...]
SEOUL, April 22 (Korea Bizwire) — With a growing number of South Koreans working out at home and making an effort to stay healthy, foods that are low in sugar and high in protein are becoming new standards for the health functional food industry. If a company can provide tasty but functional products to hundreds [...]
SEOUL, Feb. 26 (Korea Bizwire) — The coronavirus outbreak is drastically altering the fate of the food industry. While sales of food products such as ramen and instant rice are soaring as consumers scramble to hoard essential goods at home, non-essential drinks such as coffee and beer have plunged in sales. Supermarket chain Emart reported [...]
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, [...]
SEOUL, Feb. 7 (Korea Bizwire) — With the spread of the novel coronavirus infection, sales of food for home cooking are on the rise at large discount stores. As consumers are reluctant to go out, bulk products or non-perishable items are becoming popular. E-Mart Inc., the country’s leading discount chain operator, compared its sales between [...]