CJ Foodville Targets Premium Juice Market [Korean,OSY]

http://www.hankyung.com/news/app/newsview.php?aid=2016112279711

Summary:CJ Foodville, a leading foodservice company in Korea announced that its 'JuiceSolution' division has opened the fifth store in Seoul on November 22. 'Juice Solution' is a premium juice shop that the company launched in Marchearlier this year.  Products offered in Juice Solution shop are all 100percent "fresh squeeze" juices using fresh fruits and vegetableswithout any additives.  These juices have a very short, 72 hour shelf lifeto highlight fresh quality.  The stores are mainly targeting areas thathave high traffic of young women and office workers in 20's and 30's.  CJFoodville forecasts that the premium juice market in Korea should see 30percent of annual growth in the coming years due to the consumers' strongattention to healthy diet.

Foreign Tourists Visiting Korea Marked 15 Millionfor the First Time ... Total 17 Million are Likely to Visit Korea This Year[Korean, OSY]

http://news.donga.com/3/all/20161121/81454238/1

Summary:Korea Tourism Agency reported that the number of foreign tourists who visitedKorea this year marked 15 million as of November 15, up 33 percent from thesame period last year.  The previous annual record high was 14.2 millionin 2014.  China was the largest groupby accounting for 46 percent (7 million people, up 40 percent from the previousyear) of the foreign tourists.  The agency forecasts that the number offoreign tourists visiting Korea this year should reach as high as 17 millionpeople.

Korea-Chile Starts Negotiation to Revise Korea-ChileFree Trade Agreement [Korean, OSY]

http://news.donga.com/3/all/20161120/81434316/1

Summary:Representatives of Korea and Chile government met during APEC meetings in Lima, Peruon November 18 and started bilateral negotiationsto revise the Korea-Chile Free Trade Agreement (FTA) which went into force 12years ago in 2004.  Since the FTA, the trade between the two countriesgrew 4 times.  However, both countries now want to bring some revisions tothe agreement reflecting the new trade environment both countries are under nowpartly due to introduction of additional free trade agreements with othercountries over the years.  In particular, Korea wants additional openingof Chilean market for electronics such as refrigerators and laundrymachine.  On the other hand, Chile wants additional opening of Koreanmarket for agricultural products such as vegetables, fruits, grains and meat. The Korean government has commented that it will try to minimize negativeimpact on local agriculture during the negotiation.

Poultry Farms in Haenam and Eumsung County TestPositive for High-Pathogen Avian Influenza [Korean, OSY]

http://news.donga.com/3/all/20161119/81413261/1

Summary:Ministry of Agriculture announced on November 18 that a chicken farm in Haenamcounty and a duck farm in Eumsung country tested positive for a high-pathogen,H5N6 avian influenza.  This was the first case of H5N6 type virus being reportedin Korea.  Accordingly, the ministry has ordered an emergency ban onpoultry traffic in 10 areas in the country for 36 hours.

Emergency Recall Ordered on Pringles (Imported SnackProduct) as Dead Lizard was Found in a Can [Korean, OSY]

http://news.donga.com/3/all/20161119/81413334/1

Summary:Ministry of Food & Drug Safety (MFDS) ordered an emergency recall onPringles "Sour Cream & Onion" product as adead lizard was found in a can.  The subject product, amounting to4.4 metric tons, was imported from Malaysia. 

Korean Won - U.S. Dollar Exchange Rate Surges afterU.S. Presidential Election [Korean, OSY]

http://www.hankyung.com/news/app/newsview.php?aid=2016112019751

Summary:The value of U.S. dollar rose by 30 won from 1,145 won to 1,174 won per onedollar since the U.S. presidential election.  Marketers in general agree thatthe value of U.S. dollar will get stronger against Korean won in the comingyear as the Korean economy is likely to take a toll under protectionist tradepolicies anticipated under the coming Trump administration.

Korea's Rice Harvest to Decline 3 Percent This Year... But the Price Has Fallen to a Record Low Level in 21 Years [Korean, OSY]

http://news.donga.com/3/all/20161115/81351240/1

Summary:Korea National Statistics Office announced on Nov. 15 that Korea's rice harvestthis year was forecast to amount to 4.19 million metric tons, down 3 percentfrom 2015.  The decline was mainly due to the impact of a typhoon that hitKorea right before the harvest season.  Despite the reduced harvest,ex-farm price of rice has fallen to a record low level, 129,348 won per 80 kgbag as of November 5.  The harvest volume is expected to be 300,000 metrictons larger than the market demand.  Ministry of Agriculture is planningto buy out this 300,000 metric tons of surplus to support the rice marketprice.

California Pomegranate Promotion in Local RetailStores Announces Arrival of New Crop [Korean, OSY]

http://www.sedaily.com/NewsView/1L3ZBC6ARJ

Summary:Lotte Mart launched a promotion of California pomegranate on November 15 in itsstores.