AGRICULTURE, LIVESTOCK, FISHERIES & FORESTRY Archives | Be Korea-savvy

Archive by category AGRICULTURE, LIVESTOCK, FISHERIES & FORESTRY

Gov’t, Ruling Party Agree to Inject 150 Bln Won to Stabilize Agro Product Price Hike

Gov’t, Ruling Party Agree to Inject 150 Bln Won to Stabilize Agro Product Price Hike

SEOUL, Mar. 15 (Korea Bizwire) — The government and the ruling People Power Party (PPP) have agreed to inject an additional 150 billion won (US$113 million) this week to stabilize the price hike of agricultural and livestock products, the party leader said Friday. According to government data, prices of agricultural, livestock and fishery products rose [...]

Gyeonggi Province’s Fruit Snack Program Faces Challenges Amid Rising Costs

Gyeonggi Province’s Fruit Snack Program Faces Challenges Amid Rising Costs

SEOUL, Mar. 11 (Korea Bizwire) – The Gyeonggi Fruit Agricultural Cooperative, tasked with running a fruit supply program for children in the province, is facing hurdles due to the soaring prices of fruits. This initiative, aimed at improving children’s health and dietary habits, provides a variety of fruit snacks to kindergartens, community child centers, comprehensive care [...]

Darkest South Korean Winter in a Decade Imperils Greenhouse Crops

Darkest South Korean Winter in a Decade Imperils Greenhouse Crops

SEOUL, Mar. 9 (Korea Bizwire) – South Korea experienced its darkest winter in ten years from December to February, with sunlight levels plummeting, signaling potential difficulties for this year’s greenhouse crop yields. Concerns are rising that the poor condition of crops such as cucumbers, strawberries, watermelons, melons, and oriental melons could lead to reduced production [...]

Jeju Island Sushi Restaurants Caught Selling Japanese Yellowtail as Domestic Product

Jeju Island Sushi Restaurants Caught Selling Japanese Yellowtail as Domestic Product

JEJU, Mar. 8 (Korea Bizwire) – On Jeju Island, several sushi restaurants have been found guilty of misrepresenting the origin of yellowtail fish, falsely labeling them as domestically produced instead of their actual Japanese origin.  Jeju’s police force, in a joint crackdown with the National Fisheries Products Quality Management Service’s Jeju branch, identified seven food establishments [...]

Apple Prices Soar as Import Restrictions Foil Inflation Measures

Apple Prices Soar as Import Restrictions Foil Inflation Measures

SEOUL, Mar. 6 (Korea Bizwire) – Despite the significant increase in fruit and vegetable prices, government interventions to regulate import quantities as a means to manage inflation are not feasible for apples, which have seen substantial price hikes, earning them the nickname “golden apples.” The stringent quarantine system is the primary barrier. According to the Korea [...]

Apple Production Plunges, Prices Soar Amid Shrinking Orchards

Apple Production Plunges, Prices Soar Amid Shrinking Orchards

SEOUL, Mar. 4 (Korea Bizwire) – The South Korean apple industry faces significant challenges, with a 30% reduction in last year’s apple production causing prices to skyrocket. Further compounding the issue, a report released on March 2 by the Korea Rural Economic Institute predicts a 8.6% decrease in apple cultivation areas over the next decade. According [...]

Producer Prices up for 2nd Month in Jan. on Spike in Farm Food Prices, Service Fees

Producer Prices up for 2nd Month in Jan. on Spike in Farm Food Prices, Service Fees

SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s producer prices rose for the second consecutive month in January, driven in part by soaring prices in agricultural goods and service fees, central bank data showed Wednesday. The producer price index, a major barometer of consumer inflation, increased 0.5 percent in January from a month earlier, following [...]

Ministry of Oceans and Fisheries Boosts Budget to Explore New Overseas Fishing Grounds

Ministry of Oceans and Fisheries Boosts Budget to Explore New Overseas Fishing Grounds

SEOUL, Jan. 19 (Korea Bizwire) — The Ministry of Oceans and Fisheries (MOF) in South Korea has announced plans to invest 2.4 billion won, an increase of 1 billion won from last year, into its Overseas Fisheries Resource Survey project for 2023. This initiative aims to pioneer new fishing grounds, particularly focusing on East Africa, including the [...]

Thriving Local Food Direct Sales Stores Transforming South Jeolla Province

Thriving Local Food Direct Sales Stores Transforming South Jeolla Province

GWANGJU, Jan. 2 (Korea Bizwire) – Recently, a surge of “local food direct sales stores” has emerged in South Jeolla Province, eliciting positive responses from consumers and invigorating the local economy.  Local food pertains to products sourced and consumed within a close geographic proximity, typically within a 50-kilometer radius. Traditionally, challenges like elevated prices and diminished [...]

Japan Explores New Scallop Markets Amidst China Seafood Ban, Targets South Korea and EU for Expansion

Japan Explores New Scallop Markets Amidst China Seafood Ban, Targets South Korea and EU for Expansion

TOKYO, Dec. 26 (Korea Bizwire) – On December 25, it was reported that the Japanese government is actively working to broaden its exports of scallops, redirecting its focus to South Korea. This move comes in response to China’s comprehensive ban on Japanese seafood imports, triggered by the release of contaminated water (referred to as “treated water” [...]