SEOUL, April 12 (Korea Bizwire) — South Korea’s insect industry is on the rise. In North Gyeongsang Province, the number of insect farms increased by 63 percent last year, from 244 to 398 households with an increase of 209 workers. Since 2014, when there were 68 households farming insects, the industry has seen more entrants [...]
SEOUL, March 30 (Korea Bizwire) — The Korea Hydro & Nuclear Power Corporation (KHNP) has patented a new rice farming system that can also generate solar energy. The energy company said on Thursday it has patented a simultaneous rice farming and solar energy generation system for the first time in the country, placing solar panels [...]
SEOUL, March 26 (Korea Bizwire) — Nonghyup said Monday it has signed a memorandum of understanding (MOU) with its Vietnamese counterpart to increase agricultural products trade and the expansion of Nonghyup’s financial services in the Southeast Asian country. Nonghyup is South Korea’s agricultural cooperative whose key stakeholders include farms and other agricultural businesses. In addition [...]
SEOUL, March 23 (Korea Bizwire) — Despite government efforts to persuade South Korean rice farmers to grow different crops, the majority have refused to budge due to the twin factors of the highest rice prices in three years and a natural disinclination to try their hand at growing other crops after a lifetime of rice [...]
SEJONG, Mar. 20 (Korea Bizwire) — South Korea’s state-run agriculture corporation said Tuesday it will use big data and artificial intelligence (AI) to efficiently manage supplies of agricultural and fisheries products. The Korea Agro-Fisheries & Food Corporation (aT) said it will test-run an advanced product management system based on big data and AI this year [...]
SEOUL, Mar. 8 (Korea Bizwire) — South Korean strawberries have sparked a debate after garnering praise from Japanese curlers over their tastiness. Once overshadowed by varieties from Japan, Korean strawberries now dominate both the South Korean and Asian fruit markets, bringing in millions of dollars in exports. South Korean strawberries now account for over 93 percent [...]
SEOUL, March 7 (Korea Bizwire) — The Association of Southeast Asian Nations (ASEAN) became the second-largest export market for South Korean agricultural and livestock products last year as the country’s trade with China was hit by a diplomatic row, a report said Wednesday. South Korea exported $1.22 billion worth of agricultural and livestock products to [...]
SEOUL, Mar. 5 (Korea Bizwire) — U.S. beef imports shot up significantly last year, beating Australian meat to regain its No. 1 status in the South Korean market for the first time in 14 years, industry data showed Monday. South Korea imported 177,000 tons of U.S. beef last year, up 13.5 percent from 156,000 tons [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korea’s arable land shrank in 2017 from a year earlier as some rice paddies and fields were converted into residential houses or public facilities, data showed Monday. The size of arable land came to 1.62 million hectares at the end of last year, down 1.4 percent on-year, according [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korea will appeal the World Trade Organization’s ruling on its import restrictions on Japanese seafood after the 2011 Fukushima nuclear disaster and keep them in place until a final decision is made, Seoul’s trade ministry said Friday. Japan officially lodged a complaint at the WTO in 2015 to [...]