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...

In 2017, domestic raw milk production totaled 2.06 million MT, down less than 1% from 2016. Since the FMD outbreak in 2010, local raw milk production has overcorrected while at the same time consumption has declined.  The Korean government and local industry continue...

Korean imports of seafood in 2017 totaled $4.98 billion, up 10.7 percent from 2016 due to rising prices and increased imports of white fish and shrimp.  Imports of American seafood increased by 2.3 percent from $227 million.  The United States remained the fifth largest exporter with a market share of 4.7 percent.  U.S. seafood is generally considered...