South Korean Food Companies Expand Globally to Boost Sales Amid Low Birth Rate

South Korean food giant Orion revealed its plan on Thursday to invest $22 million in a joint venture with the National Federation of Fisheries Cooperatives, a move aimed at expanding its global reach. The fisheries cooperative will match this investment, doubling the capital to further support the collaboration between the two entities. This strategic decision comes as South Korean food companies seek to offset the effects of a decreasing birth rate and slow domestic demand by tapping into international markets.