Korea has a strong food processing industry that manufactures a wide variety of food and beverage products. It also relies heavily on imports to fulfill its food and agricultural needs. As a result, the Korean food processing industry offers an outstanding opportunity for imported...

Food Processing Ingredients_Seoul ATO_Korea-Republic of_03_30_2020

U.S. beer exports to South Korea totaled $67 million in 2019, up 74 percent from the previous year. The Korean government implemented a volume-based liquor tax for beer on January 1, 2020, reducing the cost of higher quality beers...

Beer Market Report_Seoul ATO_Korea - Republic of_03-05-2020

The pet population in Korea has been steadily increasing. The aging of the population, an increase in single member households, and rising incomes have helped support this trend. This has driven strong growth in pet food sales. The Korean pet food market reached 1.014 trillion Korean Won ($870 million) in 2019 according...

U.S. agricultural and related product exports to South Korea exceeded nine billion dollars in 2018, making it our fifth largest agricultural export market. The United States is the leading exporter of agricultural products to Korea with a 26 percent...

Korean milk consumption and production are forecast to slowly decline due to falling birthrates.  Cheese is growing in popularity and 2020 cheese imports are forecast to reach a record 135,000 tons.  Nonfat dry milk production...