SEOUL, April 10 (Korea Bizwire) — South Korean exporters are bracing for economic turbulence as the United States imposes sweeping reciprocal tariffs, effective April 9. The new trade measures levy a 25% tariff on South Korean exports—casting a shadow over high-performing sectors like K-food, K-beauty, and fashion that have found strong demand in the U.S. market. [...]
SEOUL, March 17 (Korea Bizwire) — As the global appetite for K-food continues to grow, South Korean food companies are accelerating their overseas expansion, aiming to reduce reliance on the domestic market and tap into high-growth international sectors. Among them, Samyang Foods has emerged as a standout, propelled by the overseas success of its Buldak [...]
SEOUL, March 6 (Korea Bizwire) — South Korea’s exports of food, led by instant noodles, grew an average of 8 percent annually over the past 10 years on the growing global popularity of K-culture, a business organization said Thursday. K-food shipments doubled to US$7.02 billion in 2024 from $3.51 billion in 2015, with instant noodles, [...]
SEOUL, Dec. 19 (Korea Bizwire) – With Korean cuisine continuing to gain global popularity, local governments across South Korea are launching food-themed festivals, marking a shift from traditional tourism strategies centered on historical sites and local specialties. These innovative festivals are transforming previously overlooked regions into tourist destinations, drawing hundreds of thousands of visitors and combining [...]
SEOUL, Jan. 4 (Korea Bizwire) –As global demand for Korean cuisine, commonly known as K-food, continues to rise, the South Korean food and beverage industry is gearing up to further penetrate international markets in the coming year. Strategies include establishing production facilities abroad and introducing products tailored to local tastes, in collaboration with local distribution [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s exports of dried seaweed hit a new record on the back of growing awareness of healthy food around the globe, data showed Sunday. Outbound shipments of dried seaweed, called “gim” in Korean, reached US$670 million over the January-October period, up 20.4 percent from a year earlier, according [...]
SEOUL, Oct. 11 (Korea Bizwire) – A South Korean politician urged the government on Tuesday to urgently devise measures to prevent Chinese companies from releasing imitated versions of K-foods, as some Chinese companies imitate not only the brand name and packaging but also use the Korean language on their products. Lee Yang-soo, a lawmaker from the [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea plans to hold a food fair next month to promote the country’s agricultural and other food products, and to help local companies’ advance into the global market, the agriculture ministry said Monday. During the four-day K-Food Fair set to kick off Nov. 8 at the Convention and [...]
SEOUL, July 14 (Korea Bizwire) – South Korea is a food lover’s paradise. And there are a wide range of delicious dishes in every corner of the country to suit every taste as its people enjoy various culinary delights anytime, anywhere. Among other things, South Korea has a wide variety of noodles on offer, including [...]
SEOUL, Jan. 10 (Korea Bizwire) — The state-run Korea Trade-Investment Promotion Agency (KOTRA) reported on Thursday that K-food is gaining a reputation in Indonesia’s local food franchise and processed food markets. An increasing number of local food producers are introducing new products that resemble K-food. The agency reported that Korean snacks, bread, topokki (spicy rice [...]