functional food
Scope
Date
~
-
Food & Beverage
Paris Baguette opens 600th overseas store in Canada for global expansion
Paris Baguette opened its 600th overseas store in Toronto, Ontario, as the leading South Korean bakery brand is rapidly expanding its global busines...
Oct 15, 2024 (Gmt+09:00)
-
Korean food
Lotte chief bets on K-food boom for global expansion
Lotte Group, a multinational retail-to-chemical business empire, is seeking to ride the growing popularity of Korean food to achieve its global expa...
Oct 07, 2024 (Gmt+09:00)
-
Electronics
Samsung’s Galaxy S24 FE: Budget smartphone packed with AI functions
Samsung Electronics Co. on Friday unveiled the Galaxy S24 FE, the latest addition to its AI-enabled smartphones series, with which the South Korean ...
Sep 27, 2024 (Gmt+09:00)
-
Korean food
CJ CheilJedang to provide dumplings for Qantas Airways’ in-flight meals
CJ CheilJedang Corp. expands its K-food territory with Australia's largest airline.CJ CheilJedang announced on Tuesday that it will introduce Bibigo...
Sep 24, 2024 (Gmt+09:00)
-
Korean food
Korean ramen makers set sights beyond US to Latin America
Nongshim Co. and Samyang Foods Co., South Korea’s two largest ramen makers, are ramping up production to create and meet demand for their spic...
Sep 18, 2024 (Gmt+09:00)
-
Korean food
Pulmuone to boost K-food boom in China with gimbap
Leading South Korean food company Pulmuone Corp. is poised to crank up the K-food craze in China, the world’s second most populous country, wi...
Sep 12, 2024 (Gmt+09:00)
-
Food & Beverage
Lotte Home Shopping, Asahi to cooperate on health functional food biz
South Korea's Lotte Home Shopping signed an exclusive agreement with Japan's Asahi Group Foods to supply and sell health functional food ingredients...
Sep 12, 2024 (Gmt+09:00)
-
Bio & Pharma
Lotte to restructure bio business to focus on CDMO
South Korea’s retail-to-chemical conglomerate Lotte Group will restructure its bio business to focus on the profit-making medicine bio develop...
Sep 09, 2024 (Gmt+09:00)
-
Food & Beverage
Samyang to cement lead in South Korean allulose market
Samyang Corp., a 100-year-old South Korean chemical and food ingredient-manufacturer, is poised to cement its leadership in the Korean allulose mark...
Sep 04, 2024 (Gmt+09:00)
-
Retail
E-Mart, CJ CheilJedang to beef up strategic partnership
CJ CheilJedang Corp., South Korea’s largest food company, said on Wednesday it will increase the number of food products exclusively launched ...
Sep 04, 2024 (Gmt+09:00)
-
Food & Beverage
Goldman Sachs to sell stake in Korea’s top food ingredient wholesaler
Goldman Sachs is set to sell its stake in South Korea’s leading food ingredient wholesaler in an estimated 120 billion won ($89.4 million) dea...
Sep 03, 2024 (Gmt+09:00)
-
Beauty & Cosmetics
Korea Shopping Festa in Vietnam records $12.9 mn in export consultations
The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...
Aug 30, 2024 (Gmt+09:00)
-
Retail
Lotte to open shops within Singapore NTUC FairPrice outlets
Lotte Mart and Lotte Super will launch stores within the outlets of NTUC FairPrice, Singapore’s largest supermarket chain, to sell food produc...
Aug 28, 2024 (Gmt+09:00)
-
Banking & Finance
IGIS, Naver Labs to develop tech convergence space platform
South Korea’s IGIS Asset Management Co. said on Wednesday that it signed a memorandum of understanding (MOU) with six companies, including Nav...
Aug 28, 2024 (Gmt+09:00)
-
Food & Beverage
Bibigo dumplings enters New Zealand food market
South Korea's CJ CheilJedang Corp. announced on Wednesday that it will launch Bibigo dumplings at supermarket chains New World and PAK’nSAVE i...
Aug 21, 2024 (Gmt+09:00)
-
Electronics
Samsung’s Circle to Search available on Galaxy A series to rival Xiaomi
Samsung Electronics Co. has been battling Apple Inc. in the high-end smartphone segment with its premium Galaxy S series packed with advanced featur...
Aug 16, 2024 (Gmt+09:00)
-
Earnings
Food giant CJ CheilJedang's profits rise for 3rd straight quarter
South Korean food giant CJ CheilJedang Corp.'s quarterly operating profit increased for the third consecutive quarter, reversing a decline in the th...
Aug 13, 2024 (Gmt+09:00)
-
Korean food
CJ Group to hold K-festa in Vietnam
South Korea's CJ Group announced on Thursday that it will hold a "CJ K-festa" in Vietnam from Aug. 10 to Sept. 1, focusing on food, sports and movie...
Aug 08, 2024 (Gmt+09:00)
-
Korean startups
Baemin founder strikes out for new trophy platform
Kim Bong-jin, a former chairman and CEO of Woowa Brothers Corp., operator of South Korea’s No. 1 food delivery app Baedal Minjok — Baemi...
Jul 26, 2024 (Gmt+09:00)
-
AgTech
Nongshim to build smart farm in Saudi Arabia
South Korea's food and beverage giant Nongshim Co. announced on Tuesday that it was selected as a participant in the Smart Farm Export Promotion Pro...
Jul 23, 2024 (Gmt+09:00)
-
Corporate strategy
Lotte leader Shin Dong-bin stresses pivot to AI-centered innovation
Shin Dong-bin, chairman of South Korea’s retail, food and chemicals conglomerate Lotte, on Friday urged affiliate executives to ramp up effort...
Jul 19, 2024 (Gmt+09:00)
-
Food & Beverage
Pulmuone's Tofu Bar sold 70 mn units in Japan
Asahiko, the Japanese subsidiary of South Korea's Pulmuone, announced on Friday that its protein snack Tofu Bar has sold more than 70 million units ...
Jul 19, 2024 (Gmt+09:00)
-
Food & Beverage
Bibigo releases 3D ad in New York Times Square
CJ CheilJedang Corp.'s Korean food brand Bibigo announced on Thursday that it launched a large-scale outdoor 3D advertisement for the Bibigo brand i...
Jul 18, 2024 (Gmt+09:00)
-
Food & Beverage
Bibigo opens store in Incheon Airport duty-free shops
CJ CheilJedang Corp.'s Korean food brand Bibigo announced on Tuesday that it recently opened its stores at Shinsegae Duty Free and Shilla Duty Free ...
Jul 17, 2024 (Gmt+09:00)
-
Pension funds
NPS overweight in beauty, food; chases APR, Samwha higher
The National Pension Service (NPS) has raised its bets on South Korean beauty and food companies in the second quarter of this year on expectations ...
Jul 05, 2024 (Gmt+09:00)
-
Retail
Lotte Mart renewed Hanoi Store as K-food special
South Korea's Lotte Mart said on Thursday it renewed its Hanoi Center store into a grocery specialty outlet, catering to the growing demand for Kore...
Jul 05, 2024 (Gmt+09:00)
-
Korean food
CJ CheilJedang hosts K-food competition in China
South Korea's CJ CheilJedang Corp. announced on Thursday that it organized the CJ Challenge Live Competition at the 2024 K-Food China Qingdao Intern...
Jul 04, 2024 (Gmt+09:00)
-
Mergers & Acquisitions
Korean seafood giant Sajo acquires Foodist for $181 million
Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...
Jun 24, 2024 (Gmt+09:00)
-
Food & Beverage
Fried chicken chain bhc adds two more stores in Thailand
South Korean fried chicken chain bhc Chicken announced on Monday that it opened its fifth and sixth stores in Thailand.The number of stores has incr...
Jun 24, 2024 (Gmt+09:00)
-
Food & Beverage
Lotte Home Shopping to enter health functional food market
South Korea's Lotte Home Shopping announced on Monday that it plans to establish a joint venture, The Edition Health, with H.Pio, a specialized heal...
Jun 24, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand