KT&G refuses activist funds' call for ginseng biz spinoff

KT&G refuses activist funds' call for ginseng biz spinoff

KT&G Corp., the world’s fifth-largest tobacco maker, on Thursday refused activist funds' requests to spin off and list its ginseng unit wh...

Korea’s top probiotic drink maker hy to expand global biz

Korea’s top probiotic drink maker hy to expand global biz

South Korea’s leading probiotic drink maker hy Co. is seeking to expand its health functional food business into the global market as demand f...

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate

Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...

SPC Group adopts integrated safety check system app for all biz sites

SPC Group adopts integrated safety check system app for all biz sites

South Korea's SPC Group on Wednesday said it has developed an app for an integrated safety inspection system using information and communications te...

CJ CheilJedang to expand K-food production facilities overseas

CJ CheilJedang to expand K-food production facilities overseas

South Korean food giant CJ CheilJedang Corp. is slated to increase food manufacturing facilities globally and launch businesses in Australia, Canada...

Novarex, Riman sign agreement to jointly develop health-functional food

Novarex, Riman sign agreement to jointly develop health-functional food

South Korea's health functional foods company Novarex and cosmetics company Riiman Korea met to promote the health-functional foods business togethe...

Morning food delivery firm Oasis passes Kosdaq listing eligibility review

Morning food delivery firm Oasis passes Kosdaq listing eligibility review

Oasis Corp., which operates the early morning food delivery platform "Oasis Market," said it passed the eligibility review for listing at Kosdaq mar...

Korean food unappealing on lack of promotions: study

Korean food unappealing on lack of promotions: study

Despite the global popularity of Korean food, a poll says the cuisine has a long way to go in seeing development as a business sector.The Korea Comm...

E-Mart enters Singapore with two corner shops selling K-food

E-Mart enters Singapore with two corner shops selling K-food

South Korea’s largest supermarket chain E-Mart Inc. has become the first Korean company that has launched a convenience store in Singapore.The...

Lotte Mart opens 50th Indonesian store in Serpong

Lotte Mart opens 50th Indonesian store in Serpong

Lotte Mart said on Thursday that it would open its 50th store in Serpong, Indonesia. The store is 4,628 square meters, with more than 80% of the tot...

S.Korean food delivery app Baemin vows to hike logistics unit's service quality

S.Korean food delivery app Baemin vows to hike logistics unit's service quality

Woowa Youths, an affiliate of Woowa Brothers, the parent company of South Korea's top food delivery app Baedal Minjok, on Monday announced its visio...

S. Korea fosters 30 food tech unicorns within next 5 years

S. Korea fosters 30 food tech unicorns within next 5 years

The Korean government by 2027 seeks to develop 30 food tech unicorns and boost exports in this sector to $2 billion through stronger support for the...

Pulmuone to supply food ingredients to 18 US universities

Pulmuone to supply food ingredients to 18 US universities

Pulmuone USA, a US unit of South Korea's Pulmuone, said on Tuesday that it has entered into contractual relations with 18 US universities on both co...

S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia

S.Korea's fast-food chain Lotteria opens 3rd store in Mongolia

Lotte GRS, the food affiliate of Lotte Group, said on Thursday that it opened its third Lotteria restaurant in Ulaanbaatar, Mongolia, last Friday.Lo...

Korea's CJ CheilJedang mulls rebrand with name change

Korea's CJ CheilJedang mulls rebrand with name change

South Korean food giant CJ CheilJedang Corp. is considering a new name for the company in a bid to represent its main businesses and target global c...

Kimchi exports to US reach record high of $27 million so far this year 

Kimchi exports to US reach record high of $27 million so far this year 

Exports of kimchi to the United States increased steadily to reach a record high of $26.7 million worth of the fermented dish between January and No...

Korea's agro-food exports set record of $8 billion in 11 months this year

Korea's agro-food exports set record of $8 billion in 11 months this year

Korea's exports of agricultural and food products in the first 11 months of this year hit a record high.The Ministry of Agriculture, Food and Rural ...

Daesang Welllife forms joint venture with Sinopharm Group

Daesang Welllife forms joint venture with Sinopharm Group

Daesang Welllife on Thursday said it has concluded a memorandum of understanding (MOU) with China Sinopharm International, an affiliate of China's l...

Korea’s top delivery app operator Woowa launches food delivery robot

Korea’s top delivery app operator Woowa launches food delivery robot

The self-driving robot Dilly Tower of Woowa Brothers Corp., the operator of Korea’s top food delivery app Baedal Minjok, commonly known as Bae...

CJ CheilJedang sells 3 million units of vegan food just 10 months after launch

CJ CheilJedang  sells 3 million units of vegan food just 10 months after launch

The plant-based food brand PlantTable of Korean food and biotech giant CJ CheilJedang Corp. has seen three million units in cumulative sales since i...

SK expands sustainable food biz with $7.5 mn US investment

SK expands sustainable food biz with $7.5 mn US investment

SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, has expanded its sustainable food business by investing in a US-bas...

Food giant Nongshim exports two container units of smart farm to Oman

Food giant Nongshim exports two container units of smart farm to Oman

Nongshim Co., a South Korean food and instant noodle manufacturer, announced on Wednesday that it is slated to export a smart farm system to Oman, a...

CJ CheilJedang serves up K-food for Qatar World Cup fans

CJ CheilJedang serves up K-food for Qatar World Cup fans

South Korean food giant CJ CheilJedang Corp. said on Tuesday it is operating a Korean food section within the Qatar World Cup’s fan zone, mana...

CJ CheilJedang rebrands porridge line as Hetbahn Soft Meal

CJ CheilJedang rebrands porridge line as Hetbahn Soft Meal

CJ CheilJedang Corp. announced Wednesday it has changed the name of its line of porridge products from Bibigo Jook to Hetbahn Soft Meal. CJ Het...

Pulmuone to double pasta production in China by expanding plant

Pulmuone to double pasta production in China by expanding plant

South Korea's food giant Pulmuone on Monday said it will boost production of pasta-based convenience food in China by expanding its first plant in P...

CJ CheilJedang builds up future food materials business

CJ CheilJedang builds up future food materials business

CJ CheilJedang, following an organizational reshuffle, will focus on the development of future food such as food ingredients and alternative protein...

Dongwon F&B to raise price of canned tuna again, this time by 7%

Dongwon F&B to raise price of canned tuna again, this time by 7%

​​​​​​​The price of manufactured food has been surging in recent months, beginning with ready-made rice, instant noodles, and snacks. This week...

Intake bets on alternative meat, zero-calorie drinks for future of food tech

Intake bets on alternative meat, zero-calorie drinks for future of food tech

South Korean food tech startup Intake Corp. sells a wide range of meat alternatives, such as plant-based egg substitutes and vegan burger patties.&n...

KT adds partner to expand Vietnam digital healthcare biz

KT adds partner to expand Vietnam digital healthcare biz

KT Corp., a major South Korean telecom operator, has teamed up with another local company to expand its digital healthcare business in Vietnam furth...

Lotte Mart bulks up in SE Asia to make up for China failure

Lotte Mart bulks up in SE Asia to make up for China failure

Indonesia was the destination for Lotte Group Chairman Shin Dong-bin’s first overseas business trip in August, after being granted a special p...

Kolon's early bets on para-aramid recovery pays off amid AI boom Shinsegae chair likely to head Asian arm of pro-Trump Rockbridge S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required GEPS taps former KB Asset chief risk officer as new CIO