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[Business Service]
Business service: Frozen Food and In-flight Meal
Date : 2020.09.30
• Globalization of Korean food: This food development/wholesale & retail distribution company develops and distributes it own food products to the large global distribution network including Costco, Target, Walmart, Safeway, and Albertsons in the U.S., and in China and Japan, in addition to the domestic market. The company releases localized Korean instant foods in overseas markets thanks to the Korean Wave phenomenon, and has improved its competitiveness by toll processing/manufacturing and exporting from Korea, and local production and distribution.

• Global restaurant market: The global restaurant industry continues to grow as personal exchange and travel between countries become more and more frequent owing to the development of transportation technology. According to MarketLine, the global food service industry is expected to rise from USD 3 trillion 246.8 billion in 2018 to USD 4 trillion 400 billion in 2023, at an annual average growth rate of 5.2%. Meanwhile, the Chinese restaurant business is expected to exceed CNY 6 trillion in 2022.
  • Investment Requirement
    • Amount : 20M
    • Region : North America , Europe , Japan