Korea, South

U.S. agricultural exports to South Korea reached a record $6.9 billion in fiscal year 2014, up 32 percent from the previous year. South Korea is the United States' sixth-largest market, with top exports including corn, beef and dairy.

Implementation of the U.S.-Korea Trade Agreement (KORUS) on March 15, 2012 immediately removed duties on two-thirds of U.S. agricultural trade, and is helping to keep the United States on a level playing field with Korea’s other foreign trading partners. Major winners to date from KORUS include tree nuts, dairy, and processed fruits and vegetables. Going forward, the KORUS committee structure, including the Committee on Trade in Goods and the Committee on Sanitary and Phytosanitary Measures, will be the forum for resolving market access issues.

Data & Analysis

January 27, 2015
The United States has an organic equivalency arrangement with Korea for processed organic products that took effect July 1, 2014. So long as terms of the arrangements are met...
January 20, 2015
The United States won contracts totaling 60,067 MT (milled) of rice, worth $62 million, under the 2014 Minimum Market Access agreement.
January 16, 2015
The Korean government is responding to several recent cases of HPAI in duck and chicken populations in order to contain the spread of the disease.