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On December 10, 2021, Korea released its 2022 Market Access Quota (MAQ) updates, which cover a variety of agricultural commodities ranging from mung bean, red bean, soybeans to various feed ingredients. These MAQs are used to minimize local price fluctuations resulting from domestic supply shortages.

Korea has a strong food processing industry that manufactures a wide variety of food and beverage products.

While Korea’s overall demand for beef and pork remains strong, imports of these products have declined as a result of the global pandemic.

On December 29, 2020 Korea issued its annual list of adjustment tariffs and voluntary tariff rate quotas (TRQs) for certain agricultural, forestry and fishery products, effective through...

U.S. beer exports to South Korea totaled $35 million in 2020, up 3 percent from the previous year.

MY 2021/22 Korean soybean production and consumption is projected to remain mostly unchanged from the prior year, amid stagnant domestic production and flat consumer demand...