SEOUL, March 30 (Korea Bizwire) — Rice production costs in South Korea rose 9.3 percent on-year in 2022 due mainly to soaring prices of fertilizers, causing net profit from rice farming to sink nearly 40 percent, data showed Thursday. Farmers spent 31,631 won (US$24.24) to produce 20 kilograms of rice last year, up 2,689 won [...]
SEOUL, March 30 (Korea Bizwire) — The amount of manure generated by livestock farms every year is estimated at more than 50 million tons, most of which is used as compost, the agriculture ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs conducted a complete enumeration survey on the current state of livestock [...]
SEOUL, March 25 (Korea Bizwire) — In 1993, it was discovered that the Soviet (now Russian) Navy had dumped approximately 1,000 tons of radioactive nuclear waste in the East Sea, 190 kilometers southeast of Vladivostok. Although the Soviet Union claimed that the concentration of nuclear waste released was lower than the International Atomic Energy Agency (IAEA) [...]
SEOUL, March 17 (Korea Bizwire) — South Korea’s imports of beef reached a record high last year on growing demand for the meat and the government’s zero-tariff scheme, data showed Friday. The country’s beef imports came to 477,000 tons in 2022, or the largest volume ever, compared with 453,000 tons a year earlier, according to [...]
SEOUL, March 15 (Korea Bizwire) — Heukharang or black harang, a lettuce variety with high levels of sleep-inducing lactucin, is set to be cultivated in Australia. Developed by the Jeollanamdo Agricultural Research & Extension Services (JARES), heukharang contains 124 times more lactucin than regular lettuce, making it a valuable natural insomnia treatment. As the lactucin [...]
SEOUL, March 13 (Korea Bizwire) —According to recent findings, the grassland area in Korea, which serves as a representative carbon sink in the agricultural sector, is steadily decreasing. As of 2022, the national grassland area had declined to 32,124 hectares, a decrease of 376 hectares from 2021, slightly larger than Seoul’s financial hub of Yeouido [...]
SEOUL, Feb. 28 (Korea Bizwire) — The rising prices of important goods and services such as heating, electricity, and soju, have led to an increased interest in “ugly” agricultural products that were previously discarded due to their poor marketability in terms of shape and size. Retailers like E-Mart Everyday and Lotte Mart are selling “ugly” [...]
SEOUL, Feb. 27 (Korea Bizwire) — The government’s major policies have come under fire due to their potential impact on the South Korean agricultural industry. One such policy involves the slaughter of a large number of cows to lower the wholesale price of Korean beef, while another seeks to remove Shindongjin, a top-quality rice variety, [...]
SEOUL, Feb. 24 (Korea Bizwire) – The impact of government policies on the consumer and businesses alike is substantial, as seen in regulatory policies implemented by the previous Moon Jae-in administration to combat high demand in the real estate market. The Moon government’s belated shift to supply policies resulted in criticism for causing confusion in [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korea’s fisheries output moved down 6 percent from a year earlier in 2022, data showed Friday, primarily due to a fall in the production of anchovies, hairtail, and squid. Total fisheries output amounted to 3.6 million tons last year, down from 3.83 million tons tallied in 2021, according [...]