Amid fried chicken craze, foreign firms ruffle Korean feathers



Don't count your chickens before they hatch.
Global poultry producers hoping to cash in on South Korea's craze for fried chicken and beer face a market crowded with local birds that have clipped prices and profits for Korean growers.
The popularity of the combination, known as "chimaek", has boomed in recent years, fueled by its appearance in a hit South Korean television drama and an explosion of restaurant chains.
Chimaek stores now dot Korea and their ubiquitous delivery services shuttle freshly fried chicken and beer to homes, offices and picnics.
At a Seoul outlet of the... read more

 
16 October 2016 in Business, Views: 53
Source: Reuters
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