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 [...]
SEOUL, April 14 (Korea Bizwire) – Banana-flavored snack cakes known as ‘pies’ in Korea are rising as a new ‘hot item’ in the snack market. Lotte Confectionery announced that it sold more than 15 million of its ‘Mon Cher Choco & Banana’ snacks, which it launched in March. The popularity of the product also boosted interest [...]
SEOUL, Dec. 18 (Korea Bizwire) – Famous Korean snacks have captivated the taste buds of Asian consumers, making overseas sales more important for local confectionery companies grappling with slower growth on home turf, data showed Friday. Major Korean confectionery companies are increasingly setting their sights on a wider market after seeing robust growth in China [...]
SEOUL, Dec.11 (Korea Bizwire) – Products from Orion, the Korean confectionary company, will be sold on trains and at train stations in China. For the next three years, Orion will exclusively sell Market O Real Brownies, Real Cheese Chips, Real Cracker Chocolate, Dr. You Energy bars and Kids Cookies in compartments and train stations run [...]
SEOUL, Sept. 18 (Korea Bizwire) – Orion announced that it had sold more than 150 million of its ‘Dr. You’ energy bars in the six years since the product was launched in 2009. The energy bar amassed sales of 28 billion won, with sales growing an average of 46 percent every year. The popularity of the [...]
SEOUL, July 30 (Korea Bizwire) — A famous Korean chocolate and marshmallow treat offered to North Korean workers in the North-South joint industrial complex is reportedly banned by North Korean authorities. The treat named “Choco Pie” has played an important role in spreading the Korean Wave into North Korean society with its especially sweet [...]
The biting cold, I am not in fear of; the high-rise cliffs, not in fear of; and the scorching sun, not in fear of either. The only thing I am in fear of, however, is being not allowed to reach the one waiting for me. If any single person might be happier by my [...]