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On December 26, 2016, Korea announced an updated list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products...

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.

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...

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.