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 [...]
SEOUL, Feb. 20 (Korea Bizwire) — The South Korean government has announced plans to set up an agricultural fund to support promising agriculture startups. Management plans for a new agricultural ‘fund of funds’ were unveiled by the Ministry of Agriculture, Food and Rural Affairs on Monday, which will be used to finance companies that invest in [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea will expand investment in food and agriculture companies with good growth potential to help tide them over during the challenges of their early development, the farm ministry said Monday. The Ministry of Agriculture, Food and Rural Affairs said it will create a fund worth 50.5 billion (US$47.2 [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea has become a member of the Food Assistance Convention (FAC) to provide humanitarian food aid to developing nations, the agriculture ministry said Thursday. The Ministry of Agriculture, Food and Rural Affairs said its application to the international body for food assistance was approved by member nations on [...]
SEJONG, Jan. 25 (Korea Bizwire) — Rice consumption per capita may be on the decline, but data indicates that the popularity of instant rice, lunch boxes and onigiri-style samgak (triangle) gimbap is on the upswing thanks to the increasing proclivity for diners to eat unaccompanied. During the 2017 marketing year for rice announced by Statistics [...]
SEJONG, Jan. 25 (Korea Bizwire) — Per capita rice consumption in South Korea hit a fresh record low last year amid rapid changes in eating habits, government data showed Thursday. The average annual consumption of rice per person fell to 61.8 kilograms last year, down 0.2 percent from the previous year’s 61.9 kg, according to [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korea’s imports of Vietnamese agricultural and livestock products jumped 34 percent two years after the two nations’ bilateral free trade deal came into force, data showed Sunday. Two-way trade between the two countries has risen since the deal went into effect in December 2015, making Vietnam the fourth-largest [...]
SEJONG, Jan. 4 (Korea Bizwire) — South Korea’s exports of agricultural products and food increased 5.6 percent in 2017 on upbeat sales of fresh fruits and ramyeon, offsetting sluggish poultry sales in the wake of bird flu outbreaks, the government said Thursday. South Korea exported US$6.83 billion worth of agricultural products and food last year, [...]