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

Rumors of soju price hikes have stirred public disquiet over the past couple of weeks here, intensifying to the extent that the government decided to intervene in the market. The fuss temporarily ended after Hite Jinro, the country’s largest soju maker, officially announced that it was not planning on any price hikes. “I felt bitter when I heard about possible price hikes in soju, which seemed to hold out well, while everything else is getting more expensive,” said Kim, a 29-

South Korean vegan cosmetics brand Siita said Thursday that it has been recognized as one of the first zero waste companies globally by a sustainable fashion and lifestyle platform affiliated with the United Nations. The Conscious Fashion and Lifestyle Network is an UN-hosted online platform for industry stakeholders, NGOs, and governments to seek collaborations and report progress for the implementation of the Sustainable Development Goals. Siita was introduced as one of the model cases that ha

South Korean e-commerce giant Coupang is extending its winning streak in earnings, posting a profit for the second consecutive quarter in the fourth quarter 2022, according to its earnings report on Wednesday. The US-listed company said it posted quarterly operating profits of $83.4 million in the September-December period, an almost 10 percent growth from $77 million in the third quarter when the company first turned a profit since launching its ultrafast Rocket Delivery service in 2014. The co

South Korean duty-free retailers are expected to see a bump in profits this year with the return of Chinese tourists, according to a Bank of Korea report released Tuesday. This year the number of Chinese tourists visiting Korea is estimated to reach 2 million –10 times last year’s 200,000. The Korean government’s lifting of mandated PCR tests for Chinese tourists upon arrival and the recent resumption of short-term visa issuance for Chinese nationals were cited as key driving