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February 3, 2017
The government of Korea has approved the use of 470,000 MT (milled basis) of rice stocks for feed use in Calendar Year (CY) 2017, a quantity more than five times larger than in CY 2016.
January 17, 2017
In the final stages of a Highly Pathogenic Avian Influenza (HPAI) outbreak that has resulted in the culling of over 30 million birds, South Korea has opened its market for the first time...
January 11, 2017
The Ministry of Food & Drug Safety (MFDS) implemented the Special Act on Safety Management of Imported Food (hereinafter referred to as the Special Act) on February 4, 2016.
January 11, 2017
The updates include the preregistration of foreign food facilities and livestock establishments including egg and dairy plants, a mandatory review of certification body for certification marks...
January 6, 2017
The United States was the largest supplier of agricultural, food, fishery and forestry products to Korea, with a 20 percent market share in 2015.
December 30, 2016
The imported beer market in South Korea continues to show robust growth due to strong consumer demand for products of diversified taste and higher quality.
December 21, 2016
In crop year 2016/17, South Korean tangerine production is expected to continue a multi-year trend of decreasing quantity and increasing quality.
December 20, 2016
In February 2016, Korea revised the Food Sanitation Act, expanding mandatory biotech labeling to include all products with detectable biotech ingredients.
December 20, 2016
On November 16, 2016, South Korea reported an outbreak of the Highly Pathogenic Avian Influenza (HPAI) H5N6 that has since continued to spread rapidly.
December 16, 2016
Despite high domestic cattle and beef prices, Post forecasts Korea’s cattle calf crop to see its third consecutive yearly decline in 2017.
December 13, 2016
Imports of American food and agricultural products into Korea in 2016 through September totaled $5.1 billion, down 11 percent from the previous year mainly due to reduced demand for basic...
December 2, 2016
On November 15, 2016, Statistics Korea (KOSTAT) released its revised 2016 rice production estimate to 4.197 million metric tons (MMT), slightly down from 4.2 MMT, the initial rice production...
November 29, 2016
Income growth and popularity in pet ownership, especially dogs, have increased demand for pet food in South Korea. Korea imported a total of $148 million worth of pet food in 2015, an 11% increase...
November 22, 2016
American cranberry farmers are in the homestretch of the harvest season in what looks to be another banner year for U.S. cranberry production.
November 4, 2016
The Korean pear industry is projected to continue declining, as both supply and demand for the fruit come under pressure.
November 3, 2016
Korean ending stocks of rice are revised upward to 1.7 MMT and 1.8 MMT in MY 2015/16 and 2016/17, respectively. Stocks continue to grow as a result of continued decline in per capita rice...
October 20, 2016
The KORUS FTA (Free Trade Agreement) went into effect March of 2012, and the agreement’s elimination of tariffs for almonds and pistachios, as well as tariff reductions for walnuts...
October 20, 2016
Since the FMD outbreak in 2010, local raw milk production has rebounded, but has outpaced slower growing demand. As a result, higher ending stock levels in 2014 carried over into 2015.
September 22, 2016
Despite high domestic cattle and beef prices, Post forecasts Korea’s cattle calf crop to see its 3rd consecutive decline.
September 16, 2016
The Korean poultry market is expected to continue to expand in 2017, with increases in production and imports increasing to meet growing popularity of chicken products.