INCHEON, Sept. 27 (Korea Bizwire) — Born, raised and currently living in Incheon, 76-year-old Kim Chun-seon leaves his home at 7 or 8 o’clock in the morning, pushing his cart. He makes a living by collecting cardboard boxes and scrap metal before reselling these items to a recycling center. But Kim’s work does not end [...]
SEOUL, March 23 (Korea Bizwire) — Despite government efforts to persuade South Korean rice farmers to grow different crops, the majority have refused to budge due to the twin factors of the highest rice prices in three years and a natural disinclination to try their hand at growing other crops after a lifetime of rice [...]
SEOUL, Feb. 1 (Korea Bizwire) — South Korea has become a member of the Food Assistance Convention (FAC) to provide humanitarian food aid to developing nations, the agriculture ministry said Thursday. The Ministry of Agriculture, Food and Rural Affairs said its application to the international body for food assistance was approved by member nations on [...]
SEOUL, Oct. 17 (Korea Bizwire) – South Korea’s rice output is expected to drop below the 4 million-ton mark for the first time in over three decades, due mainly to bad weather conditions in the harvest season, government data showed Tuesday. The country’s rice production is expected to come to 3.96 million tons this year, [...]
SEJONG, Sept. 6 (Korea Bizwire) – South Korea plans to give rice to developing nations after it joins an international food assistance convention as part of its ambition to stabilize the local rice supply and help the needy around the world, the farm ministry said Wednesday. The Ministry of Agriculture, Food and Rural Affairs said it is preparing steps [...]
SEJONG, May 18 (Korea Bizwire) – Hundreds of tons of South Korean rice will be shipped to Southeast Asian developing countries as part of an international food aid program for the first time in history, the agriculture ministry said Thursday. A container vessel carrying 250 tons of rice will depart for the Cambodian port of [...]
SEOUL, May 8 (Korea Bizwire) – Data from the Korea Rural Economic Institute has revealed that South Korea had an annual average of 280,000 tons of excess rice supply over the past decade (2007 to 2016), a yearly surplus large enough to feed the 600,000-strong South Korean military for eight years. According to the institute, [...]
SEOUL, Feb. 27 (Korea Bizwire) – South Korea’s per capita rice consumption is forecast to hit a new low in 2017 due to people’s changing eating habits, a report showed Monday. The average annual consumption of rice per person is likely to reach 59.6 kilograms this year, compared with 61.9 kg a year earlier, according [...]
SEJONG, Jan. 24 (Korea Bizwire) – Per capita rice consumption in South Korea hit a fresh record low last year amid rapid changes in eating habits, government data showed Tuesday. The average annual consumption of rice per person fell to 61.9 kilograms last year, down 1.6 percent from the previous year’s 62.9 kg, according to [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Ministry of Agriculture, Food and Rural Affairs announced Wednesday that it is importing 116,000 tons of rice – 25,000 tons for consumption and 91,036 for processing – to fulfil its WTO-regulated annual tariff-rate quota of 487,000 tons of rice. South Korea was given a 20-year grace period for [...]