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Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.
In 2017, domestic raw milk production totaled 2.06 million MT, down less than 1 percent from 2016. Since the FMD outbreak in 2010, local raw milk production has over-corrected....
In marketing year 2018/2019, FAS Seoul projects that Korea’s pear production will decline by close to 20 percent from the previous marketing year to 214,000 MT....
In Marketing Year (MY) 2018/19, heavy rains during the planting season caused farmers to opt out of the government program to reduce rice acreage and continue planting rice.
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.