Shortlist of bidders for W100b deal to be announced in coming weeks

South Korean food and bakery giant SPC Group said Thursday that Paris Baguette has opened its first store in Canada. Paris Baguette, the nation’s No. 1 bakery chain, operates some 450 stores in a total of 10 countries around the world, with its latest Canadian opening adding to the list. The latest Canadian store is located on the first floor of the Yonge Sheppard Center in Toronto. “SPC will accelerate its international expansion, targeting the $9 trillion global food market,”

More than 90% of global consumers recognize soju now, says Korea’s No. 1 soju exporter

Bernard Arnault, CEO of luxury products behemoth LVMH, accompanied by his daughter and the CEO of Christian Dior Delphine Arnault, visited South Korea for the first time in three years after the COVID-19 pandemic, in a bid to discuss the brand's plans regarding duty-free and department store business with major South Korean retailers. During his three-day trip to Korea which ends on Wednesday, Arnault met with Lotte Group Chairman Shin Dong-bin at the Lotte World Tower in Jamsil, southern S

Shinsegae DF and Hotel Shilla remain as candidates for main operation of duty-free biz at Incheon Airport

After stellar growth in US, Asia, South Korea’s No. 1 kimchi exporter seeks expansion in Europe

Korean food giant denies developing 'bungeoppang mandu' product

Koreans drink an average of 2 to 3 cups of coffee every day; Coffee consumption highest among those in 40s, 50s

The government will examine the liquor tax system, which has been propelling recent increases in beer prices amid the persistent inflation. According to the Korean Statistical Information Service’s data on Monday, the price index for beer products at restaurants and outdoor dining establishments has increased to 112.63 in February, up 10.5 percent compared to the same month a year ago. It was higher than the increase of the price index for beer products at discount and convenience stores:

Despite pandemic disruptions, Able C&C sees 15.5% growth in Japan sales in 2020-2022

Pandemic-fueled delivery fever drastically subsides among young Japanese consumers

Korean food giant has become unrivaled leader in US with Korean-style tofu with flavorful twists

CEO offers upbeat outlook for this year, pledges to continue sales momentum with diversified product lineup

Highly coveted Korean beef expected to see further price cuts amid sagging demand

KITA says Korean exports not in line with changing consumer sentiment in China