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Soaring Grain Prices Put Most Smaller Food Firms in a Fix: Poll

Soaring Grain Prices Put Most Smaller Food Firms in a Fix: Poll

SEOUL, June 7 (Korea Bizwire) — More than 8 in 10 smaller food firms in South Korea have taken a hit from sky-high international grain prices caused by extreme weather events and Russia’s invasion of Ukraine, a poll showed Tuesday. The survey of 213 small and medium-sized food firms showed 82.6 percent of the respondents [...]

S. Korea to Up Self-sufficiency of Grains, Cut Carbon Emissions at Farms

S. Korea to Up Self-sufficiency of Grains, Cut Carbon Emissions at Farms

SEOUL, Sept. 16 (Korea Bizwire) — South Korea unveiled its new blueprint for the agricultural industry, which centers on expanding its self-sufficiency of major grains while cutting emissions of carbon from local farms. “The disruption to global shipping amid the COVID-19 pandemic has shed light on the importance of food security,” the Ministry of Agriculture, [...]

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 [...]