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, [...]
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 [...]