SEOUL, July 1 (Korea Bizwire) — Namyang Dairy Products Co. has issued a formal apology for slandering its rival Maeil Dairies Co. in 2019. The company posted a letter of apology on its corporate website on Tuesday. In 2019, Namyang Dairy Products hired an advertisement agency to post malicious and slandering comments against Maeil Dairies [...]
SEOUL, Feb. 21 (Korea Bizwire) – Korean agro-industry giant Maeil Dairies has launched a research center dedicated to research and development projects focused on muscle loss resulting from aging. According to the dairy company on Tuesday, researchers at the newly opened research center will focus on studying and developing products for Sarcopenia, which refers to the [...]
SEOUL, Nov. 30 (Korea Bizwire) – Coffee companies are engaging in cultural promotions as a way of improving their brand image with customers through hosting mini concerts and art exhibitions. Dongsuh Food, famous for its instant coffee mix brand Maxim, recently hosted its latest classical music concert in the southwestern city of Jeonju on Nov. [...]
SEOUL, Oct. 28 (Korea Bizwire) – U.S. fast food giant McDonald’s is having difficulties finding a buyer of its Korean unit as Maeil Dairies Industry Co., the last remaining bidder, has dropped its bid, according to industry officials Friday. McDonald’s, which directly manages about 400 stores in South Korea, has been looking for local partners [...]
SEOUL, July 7 (Korea Bizwire) – The Korean coffee market was valued at 5.4 trillion won ($4.66 billion) in 2015, and it’s growing fast. Powered by the trend, convenience store coffee products, which are often bottled or packaged in plastic cups, are also becoming popular. They’re usually more affordable than street cafés (an average Americano [...]