South Korea: Food Service - Hotel Restaurant Institutional

  |   Attaché Report (GAIN)   |   KS2022-0021

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.

Related Reports

Following a review of aluminum in foods, Health Canada announced, on March 9, 2023, its intention to revise certain permitted uses of aluminum-containing food additives.
On March 7, 2023, the People's Republic of China (PRC) notified revised Maximum Levels (MLs) of Nitrite to the World Trade Organization (WTO) under G/SPS/N/CHN/1276.
Attaché Report (GAIN)

Canada: CARM Customs Program to Expand in Fall 2023

Canada Border Services Agency (CBSA) will implement the second release of its Assessment and Revenue Management (CARM) project in October 2023.