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 [...]
SEOUL, Nov. 15 (Korea Bizwire) — South Korea’s rice output fell 3 percent this year from a year earlier due to a sharp drop in precipitation and lack of sunny days, data showed Tuesday. The country’s rice production came to 3.76 million tons this year, falling from 3.88 million tons tallied in 2021, according to [...]
SEOUL, Oct. 28 (Korea Bizwire) – The Korea Agriculture Technology Promotion Agency has developed an artificial intelligence (AI)-based mandarin orange sorting machine that is now used at a packing house in Seogwipo on Jeju Island. The agency developed an AI system that can detect common defects on mandarin oranges with an accuracy rate of 99 [...]
SEOUL, Oct. 20 (Korea Bizwire) — The numbers of beef cattle and chickens raised in South Korea rose in the third quarter from a year earlier, data showed Thursday, amid the recovering demand following eased social distancing rules. The number of beef cattle came to 3.7 million over the July-September period, up 2.4 percent on-year, [...]
SEOUL, Oct. 7 (Korea Bizwire) — South Korea’s exports of farm and fisheries products grew 11.4 percent on-year for the first nine months of this year on solid overseas demand for Korean food, data showed Friday. Outbound shipments of agricultural and fisheries goods came to US$9.11 billion in the January-September period, representing the largest-ever tally [...]
DAEJEON, Sept. 29 (Korea Bizwire) — The Electronics and Telecommunications Research Institute (ETRI) said Wednesday it had developed a smart barn platform to help ensure effective livestock control and management. The newly-developed platform, dubbed TRIPLETS, can prevent disease by analyzing animal behavior 24 hours a day, while ensuring effective livestock management. The research team established [...]