SEOUL, Jul. 25 (Korea Bizwire) — The frozen food market, especially frozen cooked rice, which used to be dominated by fried rice in the past, is emerging as a new leader in the market for convenience foods with improved quality. The size of South Korea’s frozen rice market stood at 91.5 billion won (US$77.5 million) [...]
SEOUL, Jun. 8 (Korea Bizwire) — The market for home meal replacements (HMR) is growing rapidly due to rising living expenses and continued economic stagnation. The popularity of replacement meals is being fueled by consumers who are looking for “value for money” meals that do not compromise on taste. According to Link Aztec, a market [...]
SEOUL, May 2 (Korea Bizwire) — The domestic market for frozen food grew from 20 billion won in 2014 to 70 billion won in 2017. CJ CheilJedang, the largest player in the frozen food industry, announced that sales of its “Bibigo” frozen food products topped 33 billion won last year, a twofold increase from 2016. [...]
SEOUL, Feb. 23 (Korea Bizwire) – The market for frozen dishes is growing fast in South Korea on the back of a new social trend in which more people are choosing to live and eat alone, industry data showed Thursday. The market for frozen meals, such as frozen fried rice with prawn or kimchi, reached [...]
SEOUL, Oct. 24 (Korea Bizwire) – The market for frozen dumplings, which struggled after the ‘Garbage Dumpling’ scandal in 2004, is once again prospering, driven by recently launched products emphasizing ‘premium’ quality. According to market research firm LinkAztec, the frozen dumpling market saw year-on-year growth of 9.8 percent in 2015 to 366.9 billion won, and [...]
SEOUL, Aug. 17 (Korea Bizwire) – Convenience stores in Korea are continuously evolving. On top of treats, drinks, and basic daily necessities, convenience store franchises also offer wide range of nighttime snacks and frozen food. 7-Eleven is the latest convenience store operator to upgrade its product line, announcing Tuesday that it was launching a private [...]
SEOUL, Aug. 5 (Korea Bizwire) – Frozen food was once seen as mere ‘survival food’ for hungry students, who would simply throw a prepared meal into the microwave and run it for a few minutes. But the popularity of these quick and convenient meals has soared thanks to improved quality, diversity, and most importantly, a [...]