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

March 26, 2015
The Korean government has expended considerable resources in an effort to contain Foot & Mouth Disease (FMD) in swine and cattle as well as High Pathogen Avian Influenza (HPAI) in poultry farms.