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The Korea Herald

Retail & Consumer

November 03, 2024
[From the Scene] Gumi, home to Nongshim’s largest factory, rebrands itself as ‘city of ramyeon'

By Hwang Joo-young ( flylikekite@heraldcorp.com )
November 01, 2024
Korea’s instant ramyeon exports cross $1b milestone

“K-ramyeon is no longer a passing fad. It has become ingrained in the daily lives of people worldwide. The government is committed to collaborating as a unified 'one team' with companies to bolster product development, localization, customs clearance, and promotional efforts in partnership with lo...
November 01, 2024
Amorepacific Q3 earnings more than double on overseas sales

South Korean cosmetics giant Amorepacific said Thursday that its third-quarter operating profits nearly doubled, driven by strong overseas sales and improved operational efficiency in the domestic market. According to a regulatory filing, Amorepacific posted revenue of 1.07 trillion won ($775 mill...
October 31, 2024
Five Guys to launch delivery service in Korea

The US burger franchise Five Guys is set to launch its first delivery service in South Korea, enabling more customers to enjoy its menu at their convenience, its Korean operator FG Korea announced Thursday. Starting Friday, the service will be available through one of the nation's biggest food del...
October 30, 2024
KGC launches new ginseng brand for blood sugar care

Korea Ginseng Corp., best known for its JungKwanJang brand, said Wednesday it has launched a new red ginseng-based health functional product lineup for blood sugar management. The products, under the new brand GLPro, include GLPro Core and GLPro Double Cut. Both products incorporate KGC’s proprie...
October 30, 2024
Hanwoo Day promotion offers up to 50% off Korean beef

A nationwide promotion of "hanwoo" -- Korean beef -- begins on Wednesday, with discounts of up to 50 percent off regular prices. The promotion will be carried out in 1,948 retail outlets across Korea, including major supermarkets, NongHyup Hanaro Mart and online hanwoo markets. The promotion is le...
October 23, 2024
Gochujang heats up US as Americans seek out ‘swicy’ food

As the new trend of spicy-sweet -- "swicy" -- flavors has been gaining ground in the US restaurant scene, Korean gochujang (red chile pepper paste) is gaining popularity. According to a Tuesday report from CNBC, more Americans are seeking bold flavors, and gochujang has become one of the key ingre...
October 22, 2024
APR expands K-beauty influence in Hong Kong

South Korean beauty company APR announced Tuesday that it has strengthened its presence in Hong Kong’s competitive market through strong sales from both a pop-up store and a major e-commerce platform. Earlier this month, APR’s flagship skincare brand, Medicube, launched on HKTVmall, Hong Kong’s...
October 20, 2024
[KH Explains] Indonesia's halal certification: Double-edged sword for Korean food industry?

Korea’s position in halal certified products The rising popularity of Korean cuisine among millennials and Generation Z in Indonesia is definitely seen as a promising market for domestic food companies. According to the Korea International Culture Exchange Foundation’s 2022 survey, the growing ...
October 15, 2024
Paris Baguette opens 600th overseas store in Canada

The Korean bakery brand Paris Baguette has opened its 600th overseas store, the newest one in Toronto, Canada, just a year after celebrating its 500th store, the brand's company SPC Group announced Tuesday. This new location marks Paris Baguette’s seventh store in Canada. Paris Baguette has been...
October 14, 2024
Bibimbap price continues to go up: data

The average price of bibimbap rose above 11,000 won ($8.10) in September, despite slowing inflation in food products in recent months, government data showed Monday. According to data from the Korea Consumer Agency, a bowl of bibimbap in Seoul cost 11,038 won on average in September, up slightly f...
October 14, 2024
Oktoberfest arrives at Songnidangil BBQ Village

Oktoberfest has arrived at Songnidangil BBQ Village, bringing a taste of Bavaria to the heart of Seoul for the entire month of October. In partnership with German beer Paulaner, the Oktoberfest beer of which is served in Munich's Oktoberfest tents, Korean chicken giant BBQ Chicken is offering a sp...
October 14, 2024
JTI Korea takes consumer-centric strategy ahead of heated tobacco launch

Japan Tobacco Group subsidiary JTI Korea is sharpening its focus on a consumer-first approach as it prepares to launch its first heated tobacco product in Korea by year-end, part of the company’s broader strategy to foster sustainable growth amid shifting market conditions, JTI Korea said Monday. ...
October 13, 2024
Han Kang's Nobel Prize boosts book market

South Korean writer Han Kang's books are enjoying soaring popularity across various sales channels, from bookstores and e-commerce platforms to department stores, following her Nobel Prize in literature win last week. Kyobo Book Center reported Friday that around 103,000 copies of Han’s works had...
October 02, 2024
KT&G showcases flagship tobacco brands at global duty-free expo

South Korea's leading tobacco company KT&G said on Wednesday that it is showcasing its top duty-free products at the TFWA World Exhibition & Conference in Cannes, France, to strengthen its presence in the international duty-free market. The company is displaying its premium brands such as Raison, ...

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EDITOR'S PICKS

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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Company Registration No. 104-81-06004 |Mail-Order Business Registration 2016 - Seoul Yongsan - 00590 |Business info |Gov’t registration No. Seoul 아04099