South Korea: Food Service - Hotel Restaurant Institutional
Link to report:
In 2021 (latest data available), sales of the HRI food service sector reached 150.76 trillion KRW (131.7 billion USD), an increase of 7.77 percent from 2020 and an increase of 4.41 percent from 2019. Coping with the pandemic, Korea’s HRI food service sector has tried to adopt modern technologies and come up with strategies for safe and convenient dining experience to meet changing demand from consumers. Since pandemic related restrictions have been lifted and consumer demand for diverse food and dining options is increasing, it is expected that the HRI sector will show a constant growth though at a slow pace due to the sluggish local economy.
