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Korean imports of seafood in 2018 totaled $5.79 billion, up 16.2 percent from 2017 due to rising prices and increased imports of shrimp and squid.
Elevated food safety concerns coupled with evolved taste of the South Korean consumers generate increased demand for imported organic foods.
Strong consumer demand for value, quality, convenience, and diversity generates increased demand for imported agricultural products in the Korean retail industry.
On April 30, 2019, U.S. Embassy Seoul’s Office of Agricultural Affairs, the U.S. Grains Council (USGC) Korea office, and the Korea Biofuels Forum (KBF) jointly hosted the 2019 Seoul Fuel Ethanol....
The 2019/20 Marketing Year rice production forecast is unchanged from the previous report at 3.88 million metric tons (MMT), as price supports offset the government’s attempts to reduce rice paddy....
South Korea is the United States’ second largest beef market by value, a remarkable turnaround from the market closure in late 2003.
Korean rice production is forecast to decrease in MY 2018/19 as the government’s rice reduction program takes effect.
This is an update to implementation of Korea’s Special Act on Imported Food Safety Management (GAIN KS1609).