Market Information > Food News Clipping
Food News Clipping
September 15 - 21, 2023
2023.09.22
FAS/Seoul Monitoring of Media Reporting on Agricultural Issues
Today's Date: Friday, September 22, 2023
For Coverage: September 15 ~ 21, 2023
¡°All the Fruits are
Rotten and there is Nothing to Sell" ¡¦ Worst Situation Ahead of Chuseok
https://n.news.naver.com/mnews/article/015/0004894265?sid=101
Summary:
Recent heavy rain on the 20th, followed by further rainfall in
southern Korea on the 21st, has brought increasing hardship to
farmers. This situation is particularly challenging for those who
cultivate fruits intended for Chuseok, the Korean Thanksgiving Day.
Traditionally, Koreans lay out a table with a variety of dishes, including
fruits, as an offering to their ancestors for their well-being. This
period is typically an opportunity for farmers to boost fruit sales.
However, last-minute rain is detrimental to the quality of the fruits.
This year, Korean apple crops were initially impacted by a typhoon, and
subsequent high temperatures and humid conditions led to an apple disease that
causes them to rot. Consequently, there has been an overall 30 percent
decrease in apple production compared to the previous year. Similar
challenges have affected the other fruits and vegetables, leading to a shortage
and subsequently higher prices. This situation is expected to persist
until the Chuseok season.
The Non-Alcoholic Beer Market in Korea and Its Features
https://n.news.naver.com/mnews/article/022/0003856634?sid=103
Summary: The non-alcoholic beer market is experiencing
growth, even in the face of pessimistic consumers who question its validity as
a beer when it doesn't make you feel drunk. According to a market survey
firm, the non-alcoholic beer market in Korea has expanded from 1.3 billion KRW
in 2012 to 20 billion KRW in 2020. Furthermore, it is projected to reach
200 billion KRW by 2025. The
increasing interest in non-alcoholic beer has led to the creation of a
specialized section in the beer aisles of nearly every retail store.
What's particularly noteworthy is the growing variety of non-alcoholic beer
options, which now come in a range of prices from 1,000 to 3,000 KRW.
This expansion can be attributed to the rising trend of wellness and
health-consciousness among consumers, which aligns with the consumption of
non-alcoholic beer. However,
there are some important considerations when choosing non-alcoholic beer.
While it may appear to contain absolutely no alcohol, if you are seeking a
completely alcohol-free option, you should select a product labeled as
"alcohol-free." Despite being categorized as non-alcoholic,
these beers may still contain small amount of alcohol, typically around 0.03%
to 0.05%.
"The Blue Crab You
are Throwing Away ¡¦ We will Take It¡± ¡¦ But the Problem is ¡¦
https://n.news.naver.com/mnews/article/005/0001639820?sid=101
Summary: The issue of the invasive foreign blue crab
destroying Italy's ecosystem has now become a significant concern in Korea
too. This is primarily due to the potential importation of these crabs to
Korea, where crabs are enjoyed by many consumers. According to the
Ministry of Food and Drug Safety, the process of importing crabs is relatively
straightforward. It involves a three-step evaluation, and once crabs pass
this assessment, they can be brought into Korea. Consequently, Korean
businesses engaged in crab imports are swiftly working to bring Italian crabs
into the country. However, there are perspectives suggesting that this
importation may be a short-term business. Factors such as high labor
costs in Italy, a lack of high-quality freezing methods, and importation
expenses could undermine profitability, despite potential consumer
demand. The cost of importing these crabs must be around 700 to 800 KRW
per kilogram to be profitable. This is a price point at which most
Chinese crabs are imported. Exceeding this price range may not be
financially viable and could result in reconsideration of the importation.
"Healthy but Tastier" Positive Reactions towards Vegan Foods ¡¦
Thanks to the SNS
https://n.news.naver.com/mnews/article/015/0004893344?sid=103
Summary: In the past, vegan food was primarily associated with
meals consumed only by vegetarians. However, in Korea, due to the growing
emphasis on health and environmental concerns, consumers are increasingly
showing an interest in vegan cuisine, and social media is playing a key role in
making vegan foods more popular than ever. According to an analysis
conducted by an internet research company, there has been a 73 percent increase
in Koreans searching for "vegan cafes" compared to the previous
year. Furthermore, a significant 84 percent of individuals hold positive
attitudes towards vegan foods. Among various dietary choices,
"vegan" represents the strictest form, excluding not only meat but
also dairy, eggs, and other animal-derived products. Unfortunately, the
majority of bakeries and cafes use ingredients such as butter and milk, making
it challenging for vegans to find suitable options at ordinary
restaurants. The rising demand for vegan food, aided by the influence of
social media, is even winning over people who are not strictly vegan.
According to interviews with individuals who have tried vegan food, many
reported not noticing a significant difference in taste between vegan and
non-vegan options. Combined with the broader Korean trend of
"healthy indulgence," where people are willing to invest in their
well-being, this growing interest in vegan food is likely to continue to gain
momentum.
MZ Generation Pursuing YOLO Attitude, Now Reduce Delivery and Save Money
https://n.news.naver.com/mnews/article/366/0000932407?sid=101
Summary: Koreans are facing
challenges when it comes to saving money because of soaring consumer prices
everywhere they go. According to an interview with a member of the MZ
generation, she recently installed an app that notifies her when food prices
drop below her specified threshold. Due to the rising cost of living,
many people are reducing their expenses on both home-cooked and dining out
meals. As a result, the food service industry is actively promoting their
products by offering discounts. According to statistics in Korea, it is evident that the
downloads of apps providing information about food prices have surpassed the
number of downloads for food delivery apps. Additionally, there has been a
25 percent increase in apps related to affordable coffee and food franchises
compared to last year, while the use of delivery apps has decreased by 13.8
percent. Another
interviewee mentioned that they can't embrace a "You Only Live Once"
(YOLO) attitude due to the high cost of living. Living alone, they
mentioned that cutting back on food delivery was the first step they took to
save money. Recognizing
these challenges, the food service industry is making efforts to regain
customer loyalty. Some are distributing discount coupons that offer more
than a 60 percent discount to entice customers back to their establishments.
The Franchise Burger Price Exceeds 10,000 KRW per Person
https://n.news.naver.com/mnews/article/014/0005073060?sid=103
Summary: On average, individuals who dine at local franchise
burger restaurants in Korea spend approximately 10,700 KRW per person, which is
equivalent to around 8 dollars. This information was gathered from a
survey involving 1,800 consumers who visited the top 6 burger chains in Korea;
No Brand Burger, Lotteria, Mom¡¯s Touch, McDonald¡¯s, Burger King, and KFC.
In 2017, 57 percent of consumers paid less than 10,000 KRW for their burgers,
but this proportion has now decreased to 47 percent. In addition, the
percentage of consumers paying 20,000 KRW for a burger was 8 percent in 2017,
while those spending between 10,000 and 20,000 KRW has increased by
approximately 5 percent. When it comes to overall customer satisfaction,
Burger King received the highest rating at 3.81, while Lotteria had the lowest
score at 3.63. The gap between the highest and the lowest is not that big
and the rating number is not so much high. Furthermore, No Brand Burger
was noted for having the best employee service, and Burger King was recognized
for the highest menu quality.
Agricultural Trade Office, U.S. Embassy - Seoul
Tel: 82-2-6951-6848 Fax: 82-2-720-7921
Email: atoseoul@state.gov