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. 4 (Korea Bizwire) — South Korea’s finance ministry said Wednesday it plans to use around 30 billion won (US$23.5 million) to offer discounts on major food products in line with efforts to stabilize their prices ahead of the Lunar New Year. The government also plans to increase the supply of 16 food items [...]
SEOUL, Nov. 17 (Korea Bizwire) — The Rural Development Administration (RDA) under the agriculture ministry said Wednesday it had developed new technology to ensure cost-effective transport of agricultural products while maintaining their freshness. The RDA developed a controlled atmosphere (CA) container that enables the adjustment of temperature, humidity, and the density of oxygen and carbon [...]
SEOUL, Oct. 11 (Korea Bizwire) — South Korea plans to hand out discount coupons worth 18.2 billion won (US$12.7 million) for foodstuffs by the end of this year to help people cope with inflation, the finance ministry said Tuesday. Under the plan, South Korea will release 12 billion won worth of coupons for agricultural and [...]
SEOUL, July 12 (Korea Bizwire) — The Ministry of Food and Drug Safety said Monday it will introduce a rapid inspection system to address the blind spot in the inspection of residue pesticides that occurs during the distribution process of the fast-growing dawn delivery agricultural product market. The inspection of the safety of agricultural products, [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea’s exports of agricultural and fishery goods exceeded the US$10 billion mark for the first time this year, led by the popularity of “hallyu,” the Korean wave of pop culture, data showed Sunday. Outbound shipments of foodstuffs came to $10.13 billion in the Jan. 1-Nov. 25 period, up [...]
SEOUL, Oct. 25 (Korea Bizwire) – Value consumers and suppliers interested in the protection of the environment are standing up to oppose the traditional practice of throwing away ‘ugly’ agricultural products that do not fit ‘market standards.’ A separate market for ‘ugly’ produce is growing as more suppliers are delivering ‘ugly fruits and vegetables to [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s exports of agricultural products shot up to set a new record in the first six months of 2021, data showed Tuesday, on the back of stronger global demand for healthier foodstuffs amid the new coronavirus pandemic. Outbound shipments of such goods in the January-June period came to [...]
SEOUL, Feb. 12 (Korea Bizwire) — So-called ‘ugly’ agricultural products, which are fine in terms of quality but have rather ‘eccentric’ outward features, are gaining popularity among consumers. The Korea Consumer Agency conducted a survey of 2,000 consumers, 60.5 percent of whom had purchased ‘ugly’ agricultural products in the past. Among them, 95.5 percent said [...]
SEOUL, March 19 (Korea Bizwire) — The worsening outbreak of the new coronavirus has put a damper on consumption and lead to a big drop in eating out. With the delay to the start of the school year, concerns are deepening for local farmers suffering from a sharp drop in demand. Amid such circumstances, local [...]