South Korea: Korea's Potato Market Update

After reaching a five-year high in 2024, Korea’s potato production will return to average levels in 2025. With domestic production supplying less than 20 percent of chipping potato demand, Korea relies on imported fresh chip stock potatoes from the United States and Australia, especially during the winter and early spring. When the U.S.-Korea Free Trade Agreement (KORUS) enters its 15th year in 2026, the seasonal tariff on U.S. chipping potatoes will reach zero, presenting new opportunities for U.S. exporters to supply Korea’s thriving snack food industry. Although the United States has lost some market share recently, it remains the leading supplier of frozen French fries to Korea thanks to consistent quality and duty-free access under KORUS.