South Korea: Food Service - Hotel Restaurant Institutional

  |   Attaché Report (GAIN)   |   KS2022-0021

Link to report:

South Korea: Food Service - Hotel Restaurant Institutional

In 2020, sales of the HRI food service sector reached 140 trillion KRW (122.2 billion USD), a decrease of 3.1 percent from 2019. The pandemic affected the sector harshly and most of its subsectors experienced decreases in sales. The government measures attempting to contain the spread of the virus and dropped traffic of domestic and international consumers damaged the sector's business performance. However, it is forecast to recover, though at a slow pace, as businesses are coming up with innovative strategies and consumer spending on dining out is on the gradual rise which will lead to growth of employment and sales in relevant industries.

Exporting
East Asia and the Pacific, South Korea

Database Source:

Related Reports

View More
Attaché Report (GAIN)

Ukraine: Biotechnology and Other New Production Technologies Annual

The biotechnology regulatory system in Ukraine is still not fully developed, but the country is gradually adjusting its domestic policies to align with European Union regulations.
Attaché Report (GAIN)

Tunisia: Agricultural Biotechnology Annual

Tunisia is continuing to postpone non-urgent matters in front of major political and economic reforms. As a result, Tunisia’s biosafety framework, which was drafted in 2014, remains on hold with no timeframe for a review and parliamentary vote.
Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Export prices of white and parboiled rice rose one percent from the previous week as exporters reportedly continued to secure the rice supplies to fulfill contract shipments.