SEOUL, March 19 (Korea Bizwire) — The worsening outbreak of the new coronavirus has put a damper on consumption and lead to a big drop in eating out. With the delay to the start of the school year, concerns are deepening for local farmers suffering from a sharp drop in demand. Amid such circumstances, local [...]
SEJONG, Feb. 24 (Korea Bizwire) — South Korea’s total arable land dropped 0.9 in 2019 from a year earlier as some rice paddies gave way to residential areas and public facilities, data showed Monday. The country’s arable land totaled 1.58 million hectares last year, down 15,000 hectares from the previous year, according to the data [...]
SEOUL, Feb. 14 (Korea Bizwire) — Korean grapes and strawberries are gaining popularity in Vietnam and other Southeast Asian countries. The Ministry of Agriculture, Food and Rural Affairs and state-run Korea Agro-Fisheries & Food Trade Corp. (aT) reported grape exports of US$23 million last year, up by 64.2 percent over the previous year. Shine Muscats [...]
SEOUL, Feb. 8 (Korea Bizwire) — With schools nationwide canceling or downsizing their graduation and entrance ceremonies amid the spreading coronavirus fear, local flower farmers are taking a direct hit from the plunging demand for their products. In South Korea, February-March is traditionally regarded as the peak and busiest season for flower growers and shops, [...]
BUSAN, Feb. 5 (Korea Bizwire) – The coronavirus outbreak is hurting floriculturists as an increasing number of schools are cancelling graduation and enrollment ceremonies. Nonghyeop Busan Flowering Plant Joint Market reported that a single package of roses cost between 4,000 and 6,000 won (US$3.37-5.05). Farmers complain that selling their product at these prices doesn’t even [...]
SEJONG, Jan. 22 (Korea Bizwire) — South Korea’s exports of ginseng reached a new fresh high in 2019 on the back of increased shipments to China and Vietnam, data showed Wednesday. Outbound shipments of ginseng products advanced 12.4 percent on-year to reach US$211 million in 2019, according to the data compiled by the Korea Agro-Fisheries [...]
SEJONG, Jan. 22 (Korea Bizwire) — A service that informs Korean cattle farmers by predicting the genetic ability of female calves will be implemented to help genetically superior hanwoo give birth to multiple calves. Hanwoo refers to beef cattle produced in South Korea. The Rural Development Administration and NongHyup Agribusiness Group Inc. have established a [...]
SEJONG, Jan. 8 (Korea Bizwire) — South Korea said Wednesday it has resumed exports of persimmons to Vietnam after the two countries reached an agreement on terms over quarantine conditions. Exports of persimmons to Vietnam have been stalled since 2015 when Vietnam adopted a new quarantine regulation that called for tougher examinations for possible disease [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea said Monday it will launch a set of programs next year to nurture its smart farming industry with an aim to become one of the world’s major exporters in the sector. Under the vision, South Korea’s annual exports of smart farm solutions will hit US$300 million in [...]
SEOUL, Dec. 10 (Korea Bizwire) — Shine Muscat, a grape variety popular in Korea these days, is making inroads in the Chinese market. According to the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp. (aT), exports of Korean grapes reached US$13 million by the end of October this [...]