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Restaurants Struggling as Coronavirus Scare Spreads

Restaurants Struggling as Coronavirus Scare Spreads

SUWON, Feb. 3 (Korea Bizwire) — With growing concern over the seriousness of the coronavirus epidemic, many South Koreans are opting to stay away from crowded places, including restaurants and other eateries. Group dinners, accounting for a significant portion of all sales, have dwindled, and schools are cancelling graduation and enrollment ceremonies. “It’s important that [...]

‘Owner Risk’ an Important Factor When Choosing Where to Dine

‘Owner Risk’ an Important Factor When Choosing Where to Dine

SEOUL, Dec. 20 (Korea Bizwire) — Consumers consider the brand’s ‘owner risk’ as an important standard of choice when eating out. According to a survey of 1,000 men and women between the ages of 16 and 64 conducted by market research firm Embrain Trend Monitor, more than half of respondents felt that “There have been [...]

Delivery Applications Drive Sales Boost for Dining Industry, But Profits Remain Elusive

Delivery Applications Drive Sales Boost for Dining Industry, But Profits Remain Elusive

SEOUL, Oct. 15 (Korea Bizwire) — While restaurants and other dining companies are increasingly dependent on delivery apps, owners do not think that these apps help them increase profitability, a recent survey has showed. According to a study released Monday by the Korea Food Service Industry Research Institute (KFIRI), 49.8 percent of the average number [...]

Restaurant Owners Concerned over Customer Reviews as Competition in the Delivery Market Heats Up

Restaurant Owners Concerned over Customer Reviews as Competition in the Delivery Market Heats Up

SEOUL, Jun. 27 (Korea Bizwire) — Controversy is looming over customer reviews for restaurants offering delivery services. Customer reviews are seen as an important factor in restaurant choice, especially in a highly competitive food service industry. There are negative reviews, however, that are being questioned as to their authenticity and how much they reflect the [...]

Production Index for Restaurants Dips by Biggest Margin in 2018

Production Index for Restaurants Dips by Biggest Margin in 2018

SEJONG, Feb. 26 (Korea Bizwire) — The production index for restaurants dropped by the largest margin to date last year, state data showed Tuesday, showing the weakness of the business segment that self-employed people heavily rely on. The index dropped to 94 last year from 97.2 a year earlier, the biggest fall since record keeping [...]