SEOUL, Jan. 18 (Korea Bizwire) — The South Korean market of instant meals jumped more than 145 pct in 2020 from four years earlier on the increased number of convenience stores and the coronavirus pandemic, data showed Tuesday. Shipments of ready-to-eat items, known as home meal replacement (HMR) products in South Korea, came to 2.01 [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s market for convenient coffee beverages expanded nearly 6 percent in the first half of the year amid the coronavirus pandemic, a market tracker said Tuesday. The size of the local ready-to-drink coffee market stood at 672.9 billion won (US$574 million) in the January-June period, up 5.9 percent [...]
SEOUL, July 7 (Korea Bizwire) — South Korean real estate investment trusts (REITs) saw their assets jump nearly 22 percent in 2020 from a year earlier amid a robust property market, government data showed Wednesday. A total of 282 REITs had some 63 trillion won (US$55.5 billion) in combined assets as of the end of [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s market for carbonated water expanded nearly 29 percent over the past five years amid growing consumer interest in low-calorie drinks, a state food trade firm said Wednesday. The volume of carbonated bottled water in Asia’s fourth-largest economy came to 24.3 million liters in 2020, up 28.6 percent [...]
SEOUL, April 30 (Korea Bizwire) — The South Korean market of functional foods is growing fast amid greater awareness of health amid the coronavirus pandemic, a report showed Friday. Sales of red ginseng and other health functional foods came to 4.9 trillion won (US$4.42 billion) in 2020, up 40 percent from four years earlier, according [...]
SEOUL, March 2 (Korea Bizwire) — South Korea’s online food delivery service market spiked nearly 80 percent in 2020 from a year earlier amid the coronavirus pandemic, government data showed Tuesday. The value of online food service transactions came to 17.4 trillion won (US$15.5 billion) last year, up 78.6 percent from the previous year, according [...]
SEOUL, Nov. 20 (Korea Bizwire) — The South Korean market for instant meals reached 2.2 trillion won (US$2 billion) last year mainly on the back of increased sales of ready to eat meals, a report showed Sunday. According to the report by the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries and [...]