Market Information > Food News Clipping
Food News Clipping
June 16 - 23, 2023
2023.06.26
FAS/Seoul Monitoring of Media Reporting on Agricultural Issues
Today's Date: Friday, June 23, 2023
For Coverage: June 16 ~ 23, 2023
Imported Food with Nine Types of Raw
Materials and Ingredients (Including Amphetamine) Prohibited in Korea
http://www.foodnews.co.kr/news/articleView.html?idxno=102924
Summary: According to Article 25-3 of the Special Act on
Imported Food Safety Control, the Korean Ministry of Food and Drug Safety
(MFDS) designated raw materials and ingredients subject to import ban and
announced the new regulation on June 12th. The MFDS designates raw
materials and ingredients that are likely to harm public health if used in
imported foods sold online and offline. The materials/ingredients subject
to import ban in Korea this time include Amphetamine; Dexoxy-D2PM; Ephedrine;
Fenfluramine; Lorcaserin; Phenibut; Zopiclone; Hemp (subject to Article 2,
Subparagraph 4 of the Narcotics Control Act); Poppy (subject to Subparagraph 2,
A, B, D, E, F of Article 2 of the Narcotics Control Act).
Agricultural and Fishery Food
Distribution Corporation Collaborates with Environmental Forest Service to
Practice Carbon Neutrality
http://www.foodnews.co.kr/news/articleView.html?idxno=103097
Summary: On June 22, the Korea Agro-Fisheries & Food
Trade Corporation and the Korea Environmental Academy signed a business
agreement to cooperate in carbon-neutral practices such as low-carbon diet and
environmental and social governance (ESG).
Five Guys to Open 1st Store in South Korea
Next Week
https://en.yna.co.kr/view/AEN20230622004100320?section=economy-finance/economy
Summary: South Korea¡¯s first Five Guys burger
restaurant will open next week in Gangnam. This is the 6th Asian
country in which Five Guys has opened. They plan to open 15 more
locations in Korea in the next five years.
E-Mart¡¯s Frozen Hash Browns Continue to Gain Popularity
https://pulsenews.co.kr/view.php?sc=30800021&year=2023&no=461627
Summary: E-Mart¡¯s frozen hash browns, sold under the
private label, No Brand, have seen sales growth of almost 36% compared to the
previous year. Last year, this frozen food product was one of the top
three imports from Europe by E-Mart. In 2019, E-Mart¡¯s No Brand forged a
partnership with Agristo NV, the largest frozen potato product manufacturer in
Europe. Potatoes from 27 different European regions arrive at the company¡¯s
plant in Belgium and within 24 hours the potatoes are processed into hash
browns. They are then shipped to Korea and arrive after about 45 days.
Korean Food Companies See Sales Rise Through Own E-Commerce
Services
https://pulsenews.co.kr/view.php?sc=30800021&year=2023&no=456345
Summary: South Korean food companies are expanding
their own shopping services to reduce reliance on e-commerce platforms and to
improve profitability. Companies are using direct-to-consumer sales to
get fresh products to customers within 5 days of production and are also
expanding their next-day and early-morning deliveries. Companies have
seen an increase in sales ranging from 32% to 70%. Some of the companies
that have made this transition include Pulmuone Co., Lotte Foodwell Co., CJ
CheilJedang Corp., and Korea¡¯s leading agri-food company Harim Group (under the
ready-made meal brand The Misik).
Energy Drink Sales Soar 50% in Korea on Highball Boom
https://pulsenews.co.kr/list.php?sc=30800021&sn=465273&sy=2023
Summary: With highball gaining traction among young
consumers, energy drink sales have surged more than 50% in the past two
years. In 2022, energy drink sales reached 157.5 billion won ($124.2
million), an increase of 18% from the previous year. In general, energy
drinks became popular in Korea in 2011 and have been used by students during
exam periods. However, with the growing popularity of highballs (a mixed
alcohol drink, using an alcohol base mixed with energy drinks or fruit juices),
energy drinks have seen a second phase of growth. Monster Energy retains
about 50% of the market share.
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