Hot Stuff: Increased Popularity of Korean Cuisine Will Likely Support Industry Employment Growth
Korean Restaurants
The Korean Restaurants industry has performed in line with many core industries in the larger food services sector over the five years to 2019. Various Korean cuisine mainstays such as barbecued meats, fried chicken and sour, fermented pickled vegetables have recently come into culinary vogue. Moreover, many food trucks at the forefront of the recent street vendor craze have offered Korean fusion delicacies, further bolstering the cuisine's visibility. As disposable income levels have risen and customers have more often frequented fine dining establishments, Korean restaurants have leveraged their growing popularity and increasingly presented high-end offerings. Over the five years to 2024, larger, higher-end Korean restaurants will continue to grow in popularity, necessitating the hiring and retention of experienced kitchen and wait staff with highly specialized skill sets.
This industry includes restaurants that prepare and serve Korean food and offer table (waiter) service. Food can be prepared to either be eaten on the premises at restaurant locations or for take-out.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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