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After two consecutive years of reduced chicken production in 2021 and 2022, Korea’s chicken production is projected to recover by 1.6 percent to 945,000 metric tons (MT) in 2023 due to increased chicken inventory and rising consumer demand.

Korean seafood imports totaled $5.74 billion in 2021, up 9 percent from 2020, with imports from the United States increasing slightly to $217 million. The United States remains the fifth largest seafood exporter to Korea with a 3.8 percent market share.

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...