SEOUL, Mar. 21 (Korea Bizwire) – A recent survey has revealed that 4 out of 10 households in South Korea have family members, primarily children, who do not consume kimchi, the traditional dish of fermented vegetables. As households increasingly rely on store-bought kimchi, there is a growing demand for clearer labeling regarding levels of spiciness and [...]
SEOUL, Mar. 19 (Korea Bizwire) – With apple prices hitting record highs and fresh food costs skyrocketing, retail chains in South Korea are deploying innovative techniques to extend the shelf life of fruits and vegetables, seeking to minimize wastage of these increasingly precious and perishable commodities. At Lotte Mart, the company has been installing “Pure Space” [...]
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 [...]
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 [...]
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, 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]