Tag: Korean food

Korean Food Manufacturers May Move Production to the U.S. Due to Trump’s Tarrif Threats

This is one example of what Trump is hoping his tarrif threats leads to, businesses moving more production to the U.S.:

After years of record exports, especially to the US, Korea’s food industry is now keen to gauge the impact of Donald Trump’s second presidency.

The outspoken leader declared during this campaign that he could impose blanket tariffs of 10 to 20 percent on all US imports, raising concerns for Korea’s key export items such as computer chips and cars. But it is often overlooked that the US remains the largest export destination for Korea’s agricultural and seafood products.

In the first 10 months of this year, Korea’s agricultural and food exports soared 22 percent to $8.19 billion, and the US made up $1.31 billion of the total, driven by growing demand for popular K-foods such as gimbap, tteokbokki and ramyeon.

“Trump’s second term will likely have a significant impact on the K-food industry,” said Lee Hong-joo, a professor of consumer economics at Sookmyung Women’s University. “With possible hikes in tariffs and other non-tariff barriers, the price competitiveness of Korean products could weaken, dampening the consumer demand. Smaller businesses in particular may face higher production costs and weakening profitability.”

But Lee urged strategic shifts to reduce the risks, saying “Companies could reduce tariff burdens and reach local consumers more quickly by expanding production and distribution bases within the US. These localization efforts, in the long run, could help raise their consumer awareness and sales.”

Korea Herald

You can read more at the link.

Denmark Recalls South Korean Ramen Because It is Too Spicy

The Danes are apparently scared of little spice in their food:

This food fight is certainly spicing up. 

Officials in Denmark have recalled ramen noodles manufactured by Samyang, saying a chili pepper extract included in three of its popular products could “poison consumers.”

However, the South Korean company has hit back, telling the BBC that there’s no problem with the quality of their products — and that the Danes simply can’t handle hot spice. 

The Danish Veterinary and Food Administration announced the recall on Tuesday, citing high capsaicin levels in the three recalled instant ramen products: Buldak 3x Spicy & Hot Chicken, 2x Spicy & Hot Chicken and Hot Chicken Stew.

New York Post via a reader tip

You can read more at the link.

CJ CheilJedang Begins Selling Its Dumplings Inside USFK Commissaries

Here is a Korean product that will now be available in USFK commissaries:

CJ CheilJedang has begun selling its new dumpling products inside United States military bases in Korea, where dumplings with Korean meat are prohibited. Personnel there are forced to import from the U.S. in accordance with military regulations, said the country’s major food company, Monday.

CJ has recently released three new vegan dumpling products into the market here. With its latest move, the company said it has acquired more flexibility regarding its shipments to USFK bases which, up until now, had depended solely on Schwan’s Company, its American subsidiary.

CJ on Sunday launched its new Giant Dumpling product with original, japchae and kimchi flavors under Bibigo, the company’s flagship brand for frozen dumplings. Prior to the launch, the company hosted a tasting event for the products at USFK bases for three days starting Friday. One soldier who tasted the japchae-flavored dumplings said that it tasted just like a dumpling that had ground beef in it, according to the company.

The company stacked the products in commissaries of four USFK facilities in Korea. For security reasons, the U.S. military declined to identify which bases have chosen to stock the products. Each product is priced at $6.43.

Korea Times

You can read more at the link.

Data Shows Shin Ramyun is the Best Selling Instant Noodle Brand in South Korea

My kids have done their part to contributing to Shin Ramyun’s popularity because they love eating it. I on the otherhand would rather eat Chapagetti:

Shin Ramyun was the bestselling instant noodles in South Korea last year and Saeukkang was the top selling snack, data showed Sunday.

Retail sales of Shin Ramyun of Nongshim, available in both packaged and cup noodle forms, amounted to 383.6 billion won (US$287.8 million) last year, topping the list of instant noodles, according to the data compiled by the Korea Agro-Fisheries & Food Trade Corp.

Nongshim’s Chapagetti came in next with 213.1 billion won in sales, followed by Jin Ramen with 209.2 billion won and Buldak Ramen, known as hot chicken flavor ramen, with 147.2 billion won.

Yonhap

You can read more at the link.