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Food News Clipping

May 23, 2013

2013.05.23

FAS/Seoul Monitoring of Media Reporting on Agricultural Issues
Today's Date:  Thursday May 23, 2013
For Coverage:  May 21 - 23, 2013

 

1. MARKETING ISSUES

 

E Mart Offers American Fresh Cherries at Half Price (Photo News) [Korean, OSY]

http://news.donga.com/3/all/20130520/55287152/1

Summary: E Mart offers fresh American cherries imported directly from California via air cargos at 6,950 won per 450 gram pack this week, which is 50 percent lower price than last week.
 
 

Large-scale Restaurant Companies are Not Allowed to Open New Stores Outside 100 Meter from Train Stations in Metropolitan Areas, Co-Growth Committee [Korean, OSY]

http://news.donga.com/3/all/20130523/55344807/1

Summary: Co-Growth Committee under the Korean government has decided the guideline draft on restaurant business on May 22 under the initiative of ¡°protecting small businesses from large-scale businesses¡±.  The guideline would not allow large-scale restaurant companies (total 64) to open new stores outside 100 meter radius from train stations (including subway stations) in metropolitan areas (including Seoul) once the all-member committee meeting on May 27 confirms the draft.  In non-metropolitan areas, new stores will not be allowed outside 200 meter radius from train stations.

 

2. OTHER MISCELLANEOUS ISSUES

 

Red Ginseng Tops the Health Functional Food Market Sales in 2012 [Korean, OSY]

http://www.hankyung.com/news/app/newsview.php?aid=2013052204241

Summary: According to Korea Ministry of Food & Drugs Safety (MFDS), red ginseng was the top selling health functional food in 2012 with a total of 648 billion won of sales, followed by vitamins & minerals (165 billion won), aloe products (69 billion won), pro-biotics (52 billion won), and Omega-3 fatty acids (50 billion won).

The information in this report was compiled by the Agricultural Trade Office (ATO) at the U.S. Embassy in Seoul, South Korea. The press summaries contained herein do NOT reflect USDA, the U.S. Embassy, or other U.S. government agency official policy or view point. U.S. food exporters can learn more about market opportunities in South Korea by reviewing ATO Seoul¡¯s Exporter Guide and other reports available at www.fas.usda.gov by clicking on ¡°attaché reports¡±.

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Agricultural Trade Office, U.S. Embassy - Seoul
Tel: 82-2-6951-6848 Fax: 82-2-720-7921
Email: atoseoul@state.gov