SEOUL, Feb. 23 (Korea Bizwire) — Korean beef, a highly coveted item among consumers in South Korea, is now gaining more attention from the retail distribution industry as well. Recent half-price discount events have resulted in sold-out stocks every day, underscoring the growing popularity of this premium meat. E-grocery platform Market Kurly, announced the launch [...]
SEOUL, Feb. 19 (Korea Bizwire) — Sashimi enthusiasts in South Korea are growing increasingly restless. Vague fears, after all, are far more unnerving than specific, concrete pains. Despite international opposition, Japan is set to release radioactive water into the ocean from the crippled Fukushima nuclear power plant as early as April. Alarming research suggests that [...]
WASHINGTON, Feb. 15 (Korea Bizwire) — Shipments of American agricultural products to South Korea reached a record high of over US$10 billion last year, U.S. data showed Wednesday. U.S. exports of agricultural products to South Korea came to $10.05 billion in 2022, up 2 percent from $9.85 billion a year before, according to the data from [...]
SEOUL, Jan. 20 (Korea Bizwire) — The number of broiler chickens raised in South Korea fell 5.2 percent on-year in the fourth quarter from a year earlier, data showed Friday, amid concerns over the spread of avian influenza. South Korean farms raised 88.71 million broilers in the fourth quarter of 2022, down 4.89 million from [...]
SEOUL, Jan. 18 (Korea Bizwire) — The agriculture ministry said Tuesday it will introduce the embryos of Jersey cows to boost the production of dairy products using domestically produced milk. Jersey cows, which are nicknamed “brown milk cows,” produce small amounts of milk but with high protein and fat content, offering advantages in the production [...]
SEOUL, Jan. 17 (Korea Bizwire) — U.S. beef accounted for more than 50 percent of South Korea’s total imports of the meat in 2022, taking up the top spot for six years, industry data showed Tuesday. Asia’s fourth-largest economy imported 256,910 tons of American beef last year, or 54.1 percent of its total beef imports [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea is expected to become the largest export market for U.S. beef for the second straight year as the nation’s imports of American beef increased last year, data showed Tuesday. According to the data compiled by the U.S. Department of Agriculture and the U.S. Meat Export Federation, the [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korea will double the annual budget for overseas development grants in the agricultural sector to 500 billion won (US$401.4 million) by 2027, the agriculture ministry said Tuesday. The government approved the plan to raise the yearly budget for official development assistance (ODA) grants, which was 246.7 billion won [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s exports of farm and fisheries products reached an all-time high last year, surpassing the US$10 billion mark for the second consecutive year, data showed Monday. Outbound shipments of agricultural and fisheries goods rose 5.45 percent on-year to come to a record high of $11.98 billion in 2022, [...]
SEOUL, Nov. 23 (Korea Bizwire) — Nongshim Co., a major South Korean producer of snacks and instant noodles, said Wednesday it has won a bid to export a smart farm system to Oman, marking the first sale since it formed a dedicated in-house startup for the business in 2018. The Omani government has decided to [...]