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TFI Tab Food Investments Postpones Initial Public Offering

TFI Tab Food Investments Postpones Initial Public Offering

ISTANBUL, Turkey and NEW YORK, Feb. 6 (Korea Bizwire) — TFI Tab Food Investments (“TFI” or the “Company”), today announced that it has postponed its previously announced initial public offering. TFI will continue to evaluate the timing for the proposed offering as market conditions develop. A registration statement relating to the proposed sale of these [...]

Luxury Restaurants, Hotel Buffets Fully Booked for Year-end Holidays: Sources

Luxury Restaurants, Hotel Buffets Fully Booked for Year-end Holidays: Sources

SEOUL, Dec. 21 (Korea Bizwire) — Most luxury restaurants and buffet restaurants at major hotels in Seoul have almost been fully booked for Christmas and year-end holidays, industry sources said Thursday. Viking’s Wharf, a lobster buffet restaurant chain, said it has completed accepting reservations for tables at its outlets in Jamsil and Yeouido for the [...]

Local Government Offers Big Data for Prospective Restaurant and Café Owners

Local Government Offers Big Data for Prospective Restaurant and Café Owners

SUWON, South Korea, April 5 (Korea Bizwire) – One of the biggest challenges for prospective restaurant and café owners is to pick the right spot. The Gyeonggi Provincial Government has decided to provide some insight for these candidates to help them make the best decisions using local big data.  The data, relating to 5,517 commercial [...]

Restaurants, Cafés, Convenience Stores Become Meccas for Pokémon Fans

Restaurants, Cafés, Convenience Stores Become Meccas for Pokémon Fans

SEOUL, Feb. 23 (Korea Bizwire) – The popularity of Pokémon GO is gradually waning, but there are still millions of players flicking their fingers on their smartphone screens trying to “catch’em all.”  During the second week of February (February 6 to 10), an estimated 5.63 million people played Pokémon GO, which was a drop from [...]

Half of New Businesses End up Going Bankrupt Within 2 Years, Statistics Show

Half of New Businesses End up Going Bankrupt Within 2 Years, Statistics Show

SEOUL, Feb. 20 (Korea Bizwire) – Some 800,000 small businesses open shop annually, but about half of them go bankrupt within two years, statistics showed Monday. A report released by Statistics Korea said that among businesses that started in 2013, 62.4 percent were still in operation a year later. The rate fell to 47.5 percent [...]

Valentine’s Day Rush to Bring Temporary Boon for Business

Valentine’s Day Rush to Bring Temporary Boon for Business

SEOUL, Feb. 7 (Korea Bizwire) – With only a week remaining until Valentine’s Day, demand is soaring for restaurants and hotels, and, of course, the traditional chocolates. According to industry watchers, hotels started promoting special overnight packages a while ago, and many have already been sold out.  Among the (luxury) hotel and restaurant options is [...]

Shake Shack Opens Second Korean Outlet after Monumental Success

Shake Shack Opens Second Korean Outlet after Monumental Success

SEOUL, Dec. 14 (Korea Bizwire) – The launch of Shake Shack’s first Korean franchise on the main thoroughfare in Gangnam was met with unparalleled success, with the restaurant attracting an average of 3,000 visitors each day.  The local operator of the franchise, SPC Group, is hoping to keep the momentum afloat by opening a second [...]

Food Companies Set up Shop for Face-To-Face Marketing with Consumers

Food Companies Set up Shop for Face-To-Face Marketing with Consumers

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 [...]