This Marks the Third location opening in 2025 signalling strong growth momentum for the Year GEN Restaurant Group, owner of GEN Korean BBQ, a fast-growing casual dining concept with an extensive menu and signature grill-at-your-table experience, announced a new restaurant location in San Antonio, Texas, which opened on January 31, 2025.[Read More…]
Korea
South Korea’s fruits and vegetables dominate inflation list in 2024
This surge was due to low stock levels from 2023 Last year, South Korea experienced significant price increases in food items, particularly in fruits and vegetables, according to data from Statistics Korea. Among 458 items in the consumer price index, Asian pears recorded the largest price hike, soaring by 71.9[Read More…]
Korean seaweed leads global market with record growth
The export value of Korean gim surged by 25.8 per cent year-on-year, reaching a record high of $997 million in 2024 South Korea’s dried seaweed exports have experienced remarkable growth, driven by the popularity of Korean kimchi and ramyeon noodles. Dried seaweed, or ‘gim’ in Korean, has become a significant[Read More…]
South Korea’s meat market to surpass $7.66 Bn by 2030
Health and wellness trends are also shaping the South Korean meat market The “South Korea Meat Market, By Region, Competition, Forecast & Opportunities, 2020-2030F” report has been added to ResearchAndMarkets.com’s offering. The South Korean meat Market has experienced significant growth over recent years. Factors contributing to this robust growth include rising disposable incomes of[Read More…]
South Korea’s rice consumption hits record low in 2024
The food and beverage industry consumed 873,363 metric tons of rice in 2024, marking a 6.9 per cent increase from the previous year South Korea’s per capita rice consumption hit a record low in 2024, continuing a decades-long decline, according to government data. Statistics Korea reported that the average South[Read More…]
Kavalan launches Distiller’s Reserve collaboration with South Korea’s Jeju Island
The series is exclusively available at Jeju duty-free and features packaging inspired by Yilan’s iconic Snow Mountain range, Kavalan’s pure water source Kavalan Distillery unveiled The Distiller’s Reserve Series, an exclusive creation crafted for Jeju Island in collaboration with the Jeju Tourism Organization (Korea). This new series celebrates the harmony[Read More…]
South Korea aims for $14Bn in K-Food Plus exports by 2025
The Ministry introduced the K-Food Plus Export Innovation Strategy to position K-Food Plus as a global strategic export industry The popularity of K-dramas is contributing to a growing interest in Korean cuisine worldwide. In response to the surge in K-food exports, South Korea’s Ministry of Agriculture, Food, and Rural Affairs[Read More…]
K-Food exports hit all-time high in 2024, surpassing $13Bn
K-Food Plus reached 207 countries, with nine new markets added since 2023, including those ordering advanced smart farms South Korea’s agri-food industry has grown remarkably, with the Ministry of Agriculture, Food, and Rural Affairs (MAFRA) reporting a record-breaking $13.03 billion in K-Food Plus exports for 2024. This represents a 6.1[Read More…]
TOUS les JOURS expands into Malaysia
TOUS les JOURS expands its footprint in Southeast Asia with a master franchise agreement in Malaysia CJ Foodville’s TOUS les JOURS signed a master franchise (MF) agreement with Malaysian company Stream Empire Holdings. Following its successful operations and expansion in Indonesia, TOUS les JOURS aims to strengthen its brand presence[Read More…]
Korean tea brand OSULLOC launches in Los Angeles
This launch furthers OSULLOC’s mission to bring the natural flavours and wellness benefits of Jeju Island’s teas to U.S. consumers OSULLOC, the award-winning luxury Korean tea brand with a deep-rooted passion for preserving and revitalising the art of tea-making launched five exclusive SKUs in Erewhon markets across Los Angeles. This launch[Read More…]
