NAICS Code 445298-17 - Korean Foods (Retail)
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NAICS Code 445298-17 Description (8-Digit)
Hierarchy Navigation for NAICS Code 445298-17
Parent Code (less specific)
Tools
Tools commonly used in the Korean Foods (Retail) industry for day-to-day tasks and operations.
- Kimchi refrigerator
- Rice cooker
- Mandoline slicer
- Korean stone pot
- Korean BBQ grill
- Fermentation crock
- Noodle maker
- Rice cake steamer
- Mortar and pestle
- Korean tea set
Industry Examples of Korean Foods (Retail)
Common products and services typical of NAICS Code 445298-17, illustrating the main business activities and contributions to the market.
- Kimchi
- Gochujang
- Doenjang
- Ramyun
- Bibimbap sauce
- Tteokbokki
- Japchae noodles
- Bulgogi marinade
- Samgyetang soup
- Makgeolli rice wine
Certifications, Compliance and Licenses for NAICS Code 445298-17 - Korean Foods (Retail)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Food Safety Certification: This certification ensures that the food products sold by the industry meet the safety standards set by the government. The certification is provided by organizations like the National Restaurant Association and ServSafe.
- Food Handler's Permit: This permit is required for all employees who handle food products in the industry. It ensures that the employees are trained in safe food handling practices. The permit is provided by local health departments.
- Business License: A business license is required to legally operate a retail store in the US. The requirements for the license vary by state and local government.
- Sales Tax Permit: A sales tax permit is required to collect sales tax on the products sold by the industry. The requirements for the permit vary by state.
- Import License: If the industry imports food products from other countries, an import license may be required. The requirements for the license vary by product and country of origin.
History
A concise historical narrative of NAICS Code 445298-17 covering global milestones and recent developments within the United States.
- The Korean Foods (Retail) industry has a rich history that dates back to ancient times. Korean cuisine has been influenced by various cultures, including Chinese, Mongolian, and Japanese. The Korean War in the 1950s brought Korean cuisine to the United States, where it gained popularity among Korean immigrants. In the 1990s, Korean cuisine became more mainstream in the US, with the opening of Korean restaurants and grocery stores. In recent years, Korean cuisine has gained even more popularity, with Korean BBQ and kimchi becoming trendy foods in the US. The Korean Foods (Retail) industry has also seen advancements in technology, with online Korean grocery stores and delivery services becoming more prevalent.
Future Outlook for Korean Foods (Retail)
The anticipated future trajectory of the NAICS 445298-17 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The Korean Foods (Retail) industry in the USA is expected to grow in the coming years due to the increasing popularity of Korean cuisine and the growing number of Korean immigrants in the country. The industry is also expected to benefit from the rising demand for healthy and organic food products. However, the industry may face challenges due to the ongoing COVID-19 pandemic and the resulting economic uncertainty. The industry players may need to adapt to the changing consumer preferences and invest in online sales channels to remain competitive in the market.
Industry Innovations for NAICS Code 445298-17
Recent groundbreaking advancements and milestones in the Korean Foods (Retail) industry, reflecting notable innovations that have reshaped its landscape.
- Korean Food Delivery Services: Several Korean food delivery services have emerged in the USA, offering a wide range of Korean dishes to consumers. These services have made it easier for consumers to access Korean food and have contributed to the growth of the industry.
- Korean Fusion Cuisine: Korean fusion cuisine has become increasingly popular in the USA, with many restaurants offering Korean-inspired dishes with a modern twist. This trend has helped to introduce Korean cuisine to a wider audience and has contributed to the growth of the industry.
- Korean Snacks and Desserts: Korean snacks and desserts, such as Korean-style fried chicken, bingsu, and Korean rice cakes, have gained popularity in the USA in recent years. These products have helped to introduce consumers to Korean cuisine and have contributed to the growth of the industry.
- Health and Wellness Products: The Korean Foods (Retail) industry has seen an increase in demand for health and wellness products, such as kimchi, fermented foods, and herbal teas. These products are believed to have health benefits and are popular among health-conscious consumers.
- Online Sales Channels: Many Korean Foods (Retail) companies have invested in online sales channels to reach a wider audience and increase their sales. Online sales channels have become increasingly important during the COVID-19 pandemic, as more consumers are shopping online.
NAICS Code 445298-17 - Korean Foods (Retail)
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