SEJONG, Nov. 6 (Korea Bizwire) — South Korea’s agriculture minister said Wednesday that restaurant companies should be required to inform customers when they reduce product sizes, as public anger grows over so-called “shrinkflation” — the practice of cutting portions while keeping prices the same. “It is a matter of consumers’ right to know,” Agriculture Minister Song [...]
SEOUL, Sept. 2 (Korea Bizwire) — Kyochon Chicken, one of South Korea’s largest fried chicken chains, has begun allowing franchise owners to set their own menu prices on delivery apps, joining a move pioneered earlier this year by rival bhc. The shift, described as a “self-determined pricing system,” reflects mounting tensions between franchise headquarters and [...]
SEOUL, Jan. 10 (Korea Bizwire) — Despite the government dismantling an attempt by a leading chicken franchise to raise the cost of its meals last year, the matter appears to have maintained relevance, with the industry once more abuzz with discussion of what some believe is a necessary price adjustment. The industry is arguing that [...]