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Korea’s total citrus production for Marketing Year (MY) 2020/21 (October – September) is projected to reach 660,000 metric tons (MT).
Domestic milk production is forecast to return to 2.03 million tons after spiking to 2.1 million tons in 2020.
Korea is in the process of drafting a proposal to revise its existing Living Modified Organism (LMO) Act to cover products of innovative biotechnologies, including genome edited products.
The United States exported $8.9 billion in agricultural and related products to South Korea in 2019, making it our fifth largest agricultural export market.
Despite high domestic cattle and beef prices, Post forecasts Korea’s cattle calf crop to see its 3rd consecutive decline.
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.
Despite challenging economic environment, the South Korean wine market continues to expand.
Hanjin Shipping, the largest shipping company in Korea (7st largest shipping company in the world), filed for court receivership on August 31, 2016. It is almost certain that difficulties with port...