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

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...