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 [...]
SEOUL, May 11 (Korea Bizwire) — South Korea’s oceans ministry on Tuesday rolled out tougher regulations on sales of whales in line with its efforts to curb illegal whaling activities in local waters. Under the new rule, all whales captured illegally will be destroyed, according to the Ministry of Oceans and Fisheries. Previously, hunted whales [...]
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 [...]
SEOUL, April 4 (Korea Bizwire) — South Korea’s exports of agriculture products reached an all-time high in the first quarter of the year on the back of strong demand for kimchi and processed foods, data showed Sunday. The record amount of US$1.98 billion represents a 13.7 percent rise from the previous year, according to data [...]
SEOUL, March 14 (Korea Bizwire) — Prices of eggs in South Korea may jump by up to 68 percent in the March-May period this year, as the spreading avian influenza is expected to further exacerbate the supply shortage, a state-funded think tank said Sunday. In the three-month period, the supply price of a large-size 10-egg [...]
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 [...]
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 [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s chicken exports touched a new high in 2020 amid growing worldwide demand for ready-to-eat products and the popularity of Korean pop culture, a report showed Thursday. Overseas shipments of processed chicken came to US$21 million last year, up 59.5 percent from a year earlier, according to the [...]
SEOUL, Feb. 4 (Korea Bizwire) — The amount of wheat and other grains brought home by South Korean agricultural firms more than doubled in 2020 from a year earlier, data showed Thursday, in line with the country’s efforts to revamp its national food security. The combined amount of grains excluding rice imported through South Korean [...]
SEOUL, Jan. 22 (Korea Bizwire) — Park Hye-seong, a 39-year-old mother of two, recently subscribed to a rice delivery service offered by a specialty shop featuring “premium rice” in pursuit of better tasting and healthier varieties, a decision that would have been unlikely before the coronavirus pandemic struck. “My children have taken online classes and [...]