Seafood meal kits gain limelight at industry fair as Korean food makers target ready-to-eat market

SEOUL, May 17 (AJU PRESS) - From packaged tuna to frozen shrimp, seafood meal kits took the limelight at the Seoul Seafood Show, Korea's major fisheries industry fair, this week, as Korean food makers ramp up their charge into the rapidly growing ready-to-eat packaged food market. A total of 179 companies from 16 countries showcased seafood and food ingredients at the 19th annual event hosted by the Korea Fisheries Association at COEX in Seoul under the theme "Blue Food-Te

May 17, 2024

Korean spicy sauces gain global popularity

SEOUL, May 17 (AJU PRESS) – Fueled by the popularity of Korean foods like ramen and fried chicken, demand for the country's spicy sauces is rapidly growing overseas. According to data from the Korea Customs Service, exports of sauces this year until April were $130.93 million, a 6 percent increase from the same period last year. The United States was the largest market, accounting for 23 percent, followed by China with 12 percent, Japan with 9 percent, Russia

May 17, 2024

HYBE chairman ranks sixth among Korean business leaders in stock assets

SEOUL, May 17 (AJU PRESS) - Bang Si-hyuk, chairman of HYBE, the agency behind K-pop supergroup BTS, ranked sixth among Korean business leaders in terms of equity holdings, surpassing tycoons who head the nation’s second and fourth-largest conglomerates. According to analysis data from the Korea CXO Research Institute, Bang held about 2.5 trillion won ($1.8 billion) worth of shares as of Tuesday. The amount was higher than that of Chey Tae-won, chairman of SK Group, the nation&

May 17, 2024

Visang Education showcases AI-based Korean learning platforms in Tokyo

SEOUL, May 16 (AJU PRESS) - Visang Education, a Korean educational company, said Thursday it showcased artificial intelligence-based Korean learning platforms at the largest education industry show in Japan last week. The Korean company was among some 330 participants from five countries in the biannual Education Expo Japan (EDIX), held from May 8 to 10 in Tokyo. At the forefront of Visang’s exhibits was its Master K platform, which incorporates various smart learning solut

May 16, 2024

New transit cards offer better transport access for foreign nationals in Korea

SEOUL, May 16 (AJU PRESS) – Foreign nationals in Korea can now utilize buses and subways more affordably and conveniently, as the government has expanded public transportation benefits through various transit cards. From the nationwide K-pass to the Seoul-focused Climate Card, the programs launched this year offer different levels of benefits based on region, travel frequency, users' age, income level and other conditions. The Ministry of Land, Infrastructure and Tran

May 16, 2024

Mid-sized companies seek government support amid trade challenges

SEOUL, May 14 (AJU PRESS) -- The association of mid-sized companies in Korea has called for government support to enhance corporate competitiveness in light of the growing trade protectionism worldwide. At a forum on Monday, Choi Jin-shik, chair of the Federation of Middle Market Enterprises of Korea (FOMEK), urged the government to ease the environmental and labor regulations and improve corporate taxes. “We should not overlook the reality that all countries including a

May 14, 2024

Emart24, Bithumb partner in Bitcoin lunch box campaign

SEOUL, May 14 (AJU PRESS) - Emart24, a leading convenience store chain in Korea, is selling Bitcoin-themed lunch boxes in partnership with Bithumb, a cryptocurrency exchange, in a campaign to promote digital currencies. The Bitcoin Lunch Box, launched on May 7, contains a coupon that can be exchanged for 10,000 won worth of Bitcoin. Customers need to access the Bithumb app via a QR code on the coupon and enter the coupon number. Users can receive an additional 20,000 won worth of

May 14, 2024

SK Leaveo breaks ground on biodegradable plastic material plant in Vietnam

SEOUL, May 13 (AJU PRESS) - SK Leaveo, an eco-friendly materials company backed by SKC, has begun construction of a plant to produce materials for biodegradable plastics in Viet Nam. The joint venture between SKC, a materials maker, and Daesang Corp., a food maker, both from Korea, held a groundbreaking ceremony for the plant in the northeastern city of Hai Phong on Saturday (local time). The company will invest $100 million in the plant, which will occupy a 22,389-square-mete

May 13, 2024

CJ CheilJedang brings Korean gimbap to major Australian retailer

SEOUL, May 13 (AJU PRESS) - CJ CheilJedang has introduced the beloved Korean dish gimbap to Woolworths Supermarkets in Australia, the leading Korean food company said. This marks the first time Korean seaweed rice rolls have been available in major Australian retail outlets. CJ CheilJedang released tuna mayo gimbap and bulgogi (Korean-style BBQ beef) gimbap at over 1,000 stores of Woolworths, the largest supermarket chain in Australia. Both were highly successful in Japan

May 13, 2024

U.S. surpasses Japan as top market for Korean food exports

SEOUL, May 13 (AJU PRESS) – The United States has overtaken Japan as the top market of Korean food exports this year, as shipments of ramen, kimchi and rice products soared, buoyed by the growing popularity of Korean pop culture. According to data from the Ministry of Agriculture, Food and Rural Affairs, Korea exported $479 million (650 billion won) worth of food to the U.S. until April, surpassing Japan’s $452 million and China’s $440 million. During

May 13, 2024