South Korea: Food Service - Hotel Restaurant Institutional
South Korea’s HRI Food Service sector continues to grow as the nation’s socio-economic changes continues to spur consumers’ spending on dining out. In 2016, sales for the sector totaled W119 trillion Korean Won ($106.1 billion), up 10 percent from the previous year. South Korean buyers have globalized and sophisticated taste and their food culture is increasingly dynamic. As a result, the sector will generate steadily growing demand for products of innovation, higher value, consistent quality and specifications customized for the industry. These changes, along with implementation of the KORUS FTA, will offer more export opportunities for wide varieties of U.S. food products in the coming year.
