Browse Data and Analysis

The long-term outlook for South Korea’s Hotel, Restaurant and Institutional (HRI) sector is positive, with strong growth up until the COVID-19 pandemic.

Korea's chicken production and consumption are projected to increase moderately in 2021 and 2022, as Korean broiler inventory recovers from HPAI related depopulation, and economic activity normalizes with increased COVID-19 vaccination rates. U.S. poultry exports to Korea remain limited.

Korean imports of seafood in 2018 totaled $5.79 billion, up 16.2 percent from 2017 due to rising prices and increased imports of shrimp and squid.

Elevated food safety concerns coupled with evolved taste of the South Korean consumers generate increased demand for imported organic foods.

Strong consumer demand for value, quality, convenience, and diversity generates increased demand for imported agricultural products in the Korean retail industry.

On April 30, 2019, U.S. Embassy Seoul’s Office of Agricultural Affairs, the U.S. Grains Council (USGC) Korea office, and the Korea Biofuels Forum (KBF) jointly hosted the 2019 Seoul Fuel Ethanol....

The 2019/20 Marketing Year rice production forecast is unchanged from the previous report at 3.88 million metric tons (MMT), as price supports offset the government’s attempts to reduce rice paddy....