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Despite the challenging economic environment, Korea’s wine imports in 2017 totaled a record high $210 million, up 10 percent from 2016.

In MY 2015/16, 37 percent of the total South Korean edible oil supply was palm oil, 35 percent was soybean oil, 9 percent was rapeseed oil and 20 percent was an assortment of other oils.

The imported beer market in South Korea continues robust growth due to strong consumer demand for products of diversified taste and higher quality.

Korea continues to meet its mandatory import volume of 408,700 metric tons (MT) from Most Favored Nation (MFN) countries, with purchases of 138,610 MT (milled) from the United States in CY 2017.

On December 26, 2017, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....

The Hotel, Restaurant and Institutional (HRI) foodservice sector in South Korea continues to grow as on-going socio-economic changes promote increased consumer spending on dining outside of the home.

As you will see from several articles coffee continues to be one of the favorites among ‘brewed’ beverages in South Korea, particularly for cafes and also restaurants.

The Korean government announced that it will seek to mitigate overproduction of rice through measures including reduction of area for rice cultivation to 711,000 Ha by 2018, planting of other crops...

On December 23, 2015, Korea announced an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products, effective through 2016.