Foreign Firms Invest in Hong Kong’s Culinary Scene

Despite challenges in Hong Kong's food and beverage industry, international businesses continue to see value in the city's dining culture. A South Korean hydroponic ginseng producer and a Japanese confectionery company have selected Hong Kong for their initial international expansions.

Jack Kwon, CEO of Seoul-based Biofx, recently finalized an agreement with Hong Kong's Farm66 to cultivate Korean gourmet ginseng in the city. This collaboration aims to supply both local consumers and restaurants with the product.

The decision by these foreign firms highlights ongoing confidence in Hong Kong's culinary reputation, even amid sector-wide difficulties. Their investments underscore the city's role as a key player in the global fine-dining market.