SEOUL, Dec. 22 (Korea Bizwire) — South Korean confectionary maker Orion Corp. said Thursday its Vietnam subsidiary, Orion Food Vina Co., has posted over 400 billion won (US$313.8 million) in sales in the first 11 months of the year, the most since its establishment in 2005. The subsidiary posted 406.7 billion won in sales in [...]
SEOUL, Sept. 10 (Korea Bizwire) — Orion Corp., a major South Korean confectionery company, said Thursday it will build a new factory in Russia to meet growing demand for its products in the Russian and Central Asian markets. The new production facility will be built in the Tver Region in western Russia at a cost [...]
SEOUL, May 15 (Korea Bizwire) — South Korean confectionery company Orion Corp. said Thursday it plans to strengthen its market presence with a reasonably priced snack line in China and Vietnam following its launch in South Korea. The reasonably priced snack line will offer products that focus on “cost-effectiveness” by setting prices based on convenience [...]
SEOUL, Jan. 10 (Korea Bizwire) — South Korean confectionery firm Orion Corp. said Thursday it has been named the No. 1 player in the 2020 China Net Promoter Score (C-NPS) in the snack pie category for the sixth consecutive year. The C-NPS, to be announced by Chnbrand, a Chinese brand rating organisation, is an index [...]
SEOUL, Apr. 19 (Korea Bizwire) — For the first time ever, Orion Corp. sold more of its signature Choco Pies in Vietnam than in South Korea last year. The South Korean confectionery firm reported on Thursday that sales of Choco Pies in Vietnam rose 15 percent on-year to 92 billion won (US$80.95 million) last year, [...]
San Francisco, CA, Jun. 22 (Korea Bizwire) — Constellation Labs (Constellation), the horizontally-scalable blockchain for consumer-grade applications, announced the launch of its flagship product, Orion. Orion, a membership portal to the Constellation ecosystem, will serve as a platform where the Constellation team, developers, and community members can communicate, share resources, and contribute to the network [...]
SEOUL, Apr. 30 (Korea Bizwire) — With South Koreans increasingly valuing emotional satisfaction in affordable purchases, the popularity of dessert cafés is soaring, to the detriment of fast food franchises. The South Korean dessert industry in 2016 reached 9 trillion won, accounting for 10 percent of the dining industry, according to sources close to the food [...]
SEOUL, Jan 25 (Korea Bizwire) — Confectionery firm Orion Corp. said Thursday it sold more than 500 million of its Choco Pies in Vietnam last year, a milestone that underscores of popularity of its signature snack. Considering that Vietnam’s population is about 100 million, the sales amount to the equivalent of each person consuming five [...]
SEOUL, Nov. 17 (Korea Bizwire) – Food and snack companies are reaching out to consumers through face-to-face encounters at cafes and restaurants, and reaping multiple benefits of upgrading their company image, testing new products and increasing sales, industry officials said Thursday. Binggrae in March gave its Banana-flavored Milk, a product that has survived for 40 [...]
SEOUL, Oct. 19 (Korea Bizwire) – Major South Korean food and beverage companies are diversifying their business portfolios as they are reeling from a drawn-out slump, industry officials said Wednesday. The country’s biggest confectionery Orion Corp. said it has joined with the National Agricultural Cooperative Federation (Nonghyup) to venture into the food market. Under the [...]