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S. Korean Insects Industry Grows 2 pct in 2020

S. Korean Insects Industry Grows 2 pct in 2020

SEOUL, June 13 (Korea Bizwire) — South Korea’s insects industry grew 2 percent in 2020 from a year earlier, data showed Sunday, amid growing popularity of insects-based foodstuffs. The combined sales of local insect-related companies reached 41.4 billion won (US$37.1 million) in 2020, up from 40.5 billion won a year earlier, according to the data [...]

S. Korea to Further Nurture Insects Industry

S. Korea to Further Nurture Insects Industry

SEOUL, April 8 (Korea Bizwire) — South Korea’s agricultural ministry said Thursday it plans to expand the size of the insects market to 140 billion won (US$124 million) by 2025 and foster the segment as a new growth engine for the country’s food industry. The targeted market value marks 55 percent growth from 2019, according [...]

S. Korea to Revitalize Agricultural Segment by Lifting Set of Regulations

S. Korea to Revitalize Agricultural Segment by Lifting Set of Regulations

SEOUL, March 9 (Korea Bizwire) – South Korea said Tuesday it plans to lift a set of regulations in the agricultural sector to harness more state-of-the-art technologies and foster new growth engines for the industry. Under the blueprint, South Korea will establish new smart farming clusters for a wider scope of areas covering livestock, according [...]

S. Korea Unveils Management Plan for Fishery Resources, Overfishing

S. Korea Unveils Management Plan for Fishery Resources, Overfishing

SEOUL, March 8 (Korea Bizwire) — South Korea’s oceans ministry announced Monday a five-year blueprint to better manage the country’s fishery resources, as climate change and overfishing have been challenging the sustainability of the local fisheries industry. Under the plan, the combined amount of fishery resources in the country’s coastal lines will rise to 4 [...]

Rice in the Spotlight amid Pandemic as Demand Grows for Premium, Diverse Grains

Rice in the Spotlight amid Pandemic as Demand Grows for Premium, Diverse Grains

SEOUL, Jan. 22 (Korea Bizwire) — Park Hye-seong, a 39-year-old mother of two, recently subscribed to a rice delivery service offered by a specialty shop featuring “premium rice” in pursuit of better tasting and healthier varieties, a decision that would have been unlikely before the coronavirus pandemic struck. “My children have taken online classes and [...]