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...

South Korea’s Hotel, Restaurant and Institutional (HRI) food service sector continues to grow as consumers spend more on dining out and look for more convenience in their busy lives. In 2017, HRI sales totaled W128 trillion Korean Won ($113.5 billion), up 8 percent. This report provides....

Korean imports of seafood in 2018 totaled $5.79 billion, up 16.2 percent from 2017 due to rising prices and increased imports of shrimp and squid. Imports of American seafood also increased by 12.3 percent from $233 million to $261 million. The United States remained the fifth largest exporter...