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Hop imports declined in 2019 due to the overall stagnation of the Korean beer market. However, the craft beer market in Korea has been growing over the past few years leading to increased...

In April 2019, the Rural Development Administration (RDA) announced the creation of its Center to Commercialize New Breeding Technologies.

On December 24, 2018, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....

Under the 2019 rice Tariff Rate Quota (TRQ), Korea purchased a total of 408,700 metric tons (MT) of rice (milled basis) from three countries: the United States, China, and Vietnam.

In MY 2018/19, total production of grain and other crops (grain-equivalent basis for potatoes) dropped 12 percent from the previous marketing year to an estimated 4.9 million metric tons....

For Marketing Year (MY) 2019/20, FAS/Seoul has increased the projection for corn imports to 10.8 MMT.

The United States continues to be a top supplier of forage to South Korea.

Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.

Although Korea’s production of barley increased 38 percent in 2018, production and consumption of barley are expected to remain fairly constant over the next few years.

On December 24, 2018, Korea issued an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products....

Korea relies heavily on imports to fulfill its food and agricultural needs. Korea maintains a strong food processing industry that manufactures a wide variety of food and beverage products.

In Marketing Year (MY) 2018/19, heavy rains during the planting season caused farmers to opt out of the government program to reduce rice acreage and continue planting rice.