Despite the challenging economic environment, Korea’s wine imports in 2018 totaled a record high $244.0 million, up 16.2 percent from 2017.  The United States remained the fourth largest supplier of wine to Korea by shipping $30.4 million, up 22.8 percent.  While American wine faces elevated...

The imported beer market in South Korea continues robust growth due to strong consumer demand for diversified flavors and higher quality. Korea’s beer imports totaled $310 million in 2018, up 18 percent from the previous year.  Imports from the United States amounted to $35 million...

South Korea’s HRI Food Service sector continues to grow as the nation’s socio-economic changes continues to spur consumers’ spending on dining out. In 2016, sales for the sector totaled W119 trillion Korean Won ($106.1 billion), up 10% from the previous year. South Korean buyers have globalized...

South Korea’s imports of American food and agricultural products in 2018 through October totaled $7.9 billion, up 16.8 percent from the same period of previous year.  The United States remained the leading exporter of food and agricultural products to Korea with 25.5 percent market share.  Despite escalated competition...

Korea 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 agricultural products for processing use from basic commodities such as corn and wheat to intermediate ingredients such as whey powder and fruit juice concentrates to food additives...