SEOUL, March 25 (Korea Bizwire) — In 1993, it was discovered that the Soviet (now Russian) Navy had dumped approximately 1,000 tons of radioactive nuclear waste in the East Sea, 190 kilometers southeast of Vladivostok. Although the Soviet Union claimed that the concentration of nuclear waste released was lower than the International Atomic Energy Agency (IAEA) [...]
SEOUL, March 17 (Korea Bizwire) — South Korea’s imports of beef reached a record high last year on growing demand for the meat and the government’s zero-tariff scheme, data showed Friday. The country’s beef imports came to 477,000 tons in 2022, or the largest volume ever, compared with 453,000 tons a year earlier, according to [...]
SEOUL, March 15 (Korea Bizwire) — Heukharang or black harang, a lettuce variety with high levels of sleep-inducing lactucin, is set to be cultivated in Australia. Developed by the Jeollanamdo Agricultural Research & Extension Services (JARES), heukharang contains 124 times more lactucin than regular lettuce, making it a valuable natural insomnia treatment. As the lactucin [...]
SEOUL, March 13 (Korea Bizwire) —According to recent findings, the grassland area in Korea, which serves as a representative carbon sink in the agricultural sector, is steadily decreasing. As of 2022, the national grassland area had declined to 32,124 hectares, a decrease of 376 hectares from 2021, slightly larger than Seoul’s financial hub of Yeouido [...]
SEOUL, Feb. 28 (Korea Bizwire) — The rising prices of important goods and services such as heating, electricity, and soju, have led to an increased interest in “ugly” agricultural products that were previously discarded due to their poor marketability in terms of shape and size. Retailers like E-Mart Everyday and Lotte Mart are selling “ugly” [...]
SEOUL, Feb. 27 (Korea Bizwire) — The government’s major policies have come under fire due to their potential impact on the South Korean agricultural industry. One such policy involves the slaughter of a large number of cows to lower the wholesale price of Korean beef, while another seeks to remove Shindongjin, a top-quality rice variety, [...]
SEOUL, Feb. 24 (Korea Bizwire) – The impact of government policies on the consumer and businesses alike is substantial, as seen in regulatory policies implemented by the previous Moon Jae-in administration to combat high demand in the real estate market. The Moon government’s belated shift to supply policies resulted in criticism for causing confusion in [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea’s fisheries output moved down 6 percent from a year earlier in 2022, data showed Friday, primarily due to a fall in the production of anchovies, hairtail, and squid. Total fisheries output amounted to 3.6 million tons last year, down from 3.83 million tons tallied in 2021, according [...]
SEOUL, Feb. 23 (Korea Bizwire) — Korean beef, a highly coveted item among consumers in South Korea, is now gaining more attention from the retail distribution industry as well. Recent half-price discount events have resulted in sold-out stocks every day, underscoring the growing popularity of this premium meat. E-grocery platform Market Kurly, announced the launch [...]
SEOUL, Feb. 19 (Korea Bizwire) — Sashimi enthusiasts in South Korea are growing increasingly restless. Vague fears, after all, are far more unnerving than specific, concrete pains. Despite international opposition, Japan is set to release radioactive water into the ocean from the crippled Fukushima nuclear power plant as early as April. Alarming research suggests that [...]