Actualidad nacional e internacional
Oct. 7, 2022![](https://chilealimentos.com/wp-content/uploads/2022/10/korea_people_food_699px.jpg)
Corea del Sur: ventas de alimentos sector HORECA superan los US$ 122 mil millones
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.
Korean retail food sales totaled $106 billion in 2021, accounting for 28 percent of total retail sales (excluding automobiles.) Grocery supermarkets are the leading food retail channel, followed by hypermarket discount stores, convenience stores, on-line retailers, and department stores. On-line retailers and convenience store food sales are expected to grow faster than other channels over the next 5-10 years.
Full report here: https://chilealimentos.com/wp-content/uploads/2022/10/Food-Service-Hotel-Restaurant-Institutional_Seoul-ATO_Korea-Republic-of_KS2022-0021.pdf
USDA/October 05, 2022
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