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Under the 2018 Tariff Rate Quota (TRQ), Korea purchased a total of 408,700 metric tons (MT) of rice (milled basis) from four countries, including the United States, China, Thailand and Vietnam.
Despite the challenging economic environment, Korea’s wine imports in 2018 totaled a record high $244 million, up 16.2 percent from 2017.
This report provides updates on certificates for fresh and frozen poultry products, clarification on certificates for ice cream products containing eggs and document requirements for agriculture....
The imported beer market in South Korea continues robust growth due to strong consumer demand for diversified flavors and higher quality.
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....
After 10 years under the Living Modified Organism (LMO) Act, Korea plans to improve and revise the LMO Act to address stakeholders’ concerns.
In February 2017, Korea implemented new biotech labeling requirements for any food with detectable biotech ingredients. In May 2017, the National Seed Management Agency (NSMA) found....
Distiller’s dried grains with solubles (DDGS) are a byproduct of corn ethanol production. This derivative is primarily used in compound animal feeds as a vegetable based protein.
Citrus production in Marketing Year (MY) 2017/2018 is projected to continue a multi-year decrease to 560,000 MT, the lowest production level for the past two decades.
Several categories of U.S. food and agricultural exports to South Korea saw significant growth in fiscal year 2017 (Oct/Sept).
U.S. agricultural exports to South Korea have grown in recent years, largely due to tariff reductions and the lifting of non-tariff barriers under the U.S.-Korea Free Trade Agreement (KORUS).
On November 14, 2017, Statistics Korea (KOSTAT) released its revised 2017 rice production estimate of 3.972 million metric tons (MMT), slightly up from 3.955 MMT....