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South Korea managed the COVID-19 pandemic relatively well, and consumer spending on food remained strong during the pandemic due to increased home eating.
Domestic milk production is forecast to stay steady at just over 2 million tons in 2022. 2021 milk production is projected to drop to 2.03 million tons after reaching 2.88 million tons in 2020.
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.