SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s outbound shipments of agricultural products rose nearly 5 percent on-year in the first eight months of 2020, data showed Thursday, helped by the rising demand for instant products amid the new coronavirus pandemic. Exports of agricultural goods, which include processed foodstuffs, reached US$4.8 billion in the January-August [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea said Wednesday that it will speed up efforts to supply the “heukdon” breed of pigs to local farms to meet rising demand for premium pork products in the country. “Local consumers’ demand for premium pork products has been increasing recently, leading to a hike in imports of [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea said Monday it has completed negotiations with Vietnam to ship paprika, a type of bell pepper, to the Southeast Asian country. Seoul had been negotiating with Hanoi since 2008 on export terms for paprika, whose outbound shipments currently depend heavily on neighboring Japan, according to the Ministry [...]
SEOUL, Aug. 6 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, is stepping up to support local farmers and the food value chain through cooperation between the public and private sectors. The affiliate of South Korean steel giant POSCO signed a memorandum of understanding with the Rural Development Administration (RDA) on [...]
SEJONG, July 23 (Korea Bizwire) — The number of beef cattle in South Korea hit a record high in the second quarter of the year amid rising beef prices, government data showed Thursday. There were 3.33 million beef cattle, including Korean-bread cattle known as “hanwoo,” in the country as of June 1, up 2.7 percent [...]
SEOUL, July 2 (Korea Bizwire) — South Korea said Thursday its exports of agricultural goods and foodstuffs advanced 4.4 percent on-year in the first six months of 2020 as the global new coronavirus pandemic has sparked higher demand for processed products. The country’s outbound shipments of agricultural products and foodstuffs reached US$3.6 billion in the [...]
SEOUL, June 2 (Korea Bizwire) — The price of pork increased in May from a year earlier as a growing number of people preferred preparing meals at home amid the new coronavirus pandemic, data showed Tuesday. The average wholesale price of pork reached 5,115 won (US$4.18) per kilogram in May, up 22 percent from a [...]
SEOUL, May 27 (Korea Bizwire) — The size of South Korea’s insects industry rose 8 percent in 2019 from a year earlier, data showed Wednesday, as a growing number of companies raise or process insects for foodstuffs, pets and other purposes. The combined sales of local insect-related companies reached 40.5 billion won (US$32.9 million) in [...]
CHUNCHEON, April 29 (Korea Bizwire) – Consumers are paying keen attention to a special online sales promotion of asparagus, which is underway this month in Gangwon Province following a similar promotion involving potatoes last month. Since April 20, the province has been selling 1-kilogram boxes of asparagus produced by farmers for 7,000 won (US$5.74). The promotion [...]
SEOUL, March 21 (Korea Bizwire) — While businesses across South Korea are struggling to survive the fallout from the new coronavirus, which has affected more than 8,000 here, provincial governors have come up with creative ideas to help local farmers. Gov. Choi Moon-soon, who calls himself the “governor who sells potatoes” on his Twitter profile, [...]