SEOUL, Oct. 21 (Korea Bizwire) – The Shine Muscat grape, once hailed as a premium fruit in South Korea, has seen a significant price drop in recent weeks. This decline is attributed to a surge in farm production and an influx of lower-quality produce flooding the market, according to industry experts. Data from the Korea Agro-Fisheries [...]
BAKERSFIELD, Calif., May 5 (Korea Bizwire) — INTERNATIONAL FRUIT GENETICS, LLC (IFG) has taken steps to protect its intellectual property in China. The California-based company is the sole and unique proprietor of different table grape varieties, such as IFG Six (Sweet Sapphire ™), IFG Eleven (Sugar Crisp ™), IFG Sixteen (Sweet Favors ™), and IFG [...]
SEOUL, Dec. 10 (Korea Bizwire) — Shine Muscat, a grape variety popular in Korea these days, is making inroads in the Chinese market. According to the Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp. (aT), exports of Korean grapes reached US$13 million by the end of October this [...]
YEONGDONG, Mar. 15 (Korea Bizwire) — In Yeongdong County, North Chungcheong Province, where the country’s only grape and wine industry special zone is located, Korean oak barrels are being manufactured in large quantities for the production of alcoholic beverages. According to Yeongdong County on Thursday, the Yeongdong Oak Barrel Workshop produces oak barrels sized 5-liter [...]
SEOUL, Dec. 26 (Korea Bizwire) — This winter, demand for imported fruits is increasing as domestic fruit produced in the winter is limited to produce such as tangerines and strawberries. According to the Korea Agro-Fisheries & Food Trade Corp., grapes are particularly popular this year. Grape imports stalled in 2016 after reaching a peak in [...]
SEJONG, Dec. 7 (Korea Bizwire) — With new varieties of grapes and apples, Shine Muscat and Envy, gaining popularity in the South Korean fruit market, many experts are suggesting the need to develop new varieties of domestic produce. According to Gmarket, a South Korean online shopping mall, sales of Shine Muscat grapes between September 4 [...]
North Chungcheong, SOUTH KOREA, March 13 (Korea Bizwire) — South Korean grape farms are going out of business as they are having difficulty competing with American and Chilean grape exporters following FTA agreements with both countries. In Yeongdong and Okcheon County in North Chungcheong Province, well-known grape-producing districts, nearly a third of the grape farms [...]
SEOUL, April 18 (Korea Bizwire) – The economic impact on certain farmers of locally raised fresh fruits has proven to be relatively high compared to others, based on price declines following the South Korea-U.S. Free Trade Agreement. Carrots, grapes and blueberries have been designated for support from government subsidies, according to the Ministry of Agriculture, [...]
SEJONG, Apr. 20 (Korea Bizwire) — Grape imports to Korea in 2014 reached record highs in both dollar value and import volume, at $US 189.52 million and 59,260 tons respectively, while domestic grape output and planted areas have halved over the last 15 years. According to the Korea Customs Service on April 19, grape imports [...]