Despite the challenging economic environment, Korea’s wine imports in 2017 totaled a record high $210 million, up 10 percent from 2016.  The United States remained the fourth largest supplier of wine to Korea by shipping $25 million, up 14 percent.  While American wine faces elevated competition against...

The imported beer market in South Korea continues robust growth due to strong consumer demand for products of diversified taste and higher quality.  Korea’s beer imports totaled $263 million in 2017, up 45 percent from the previous year.  Imports from the United States...

South Korea’s imports of American food and agricultural products in 2017 through September totaled $6.3 billion, up 25 percent from the same period of previous year.  The United States remained the leading exporter of food and agricultural products to Korea with 25 percent....

South Korea’s horse imports totaled $25.2 million in 2016.  The United States remained the leading exporter to Korea by shipping horses valued at $18.1 million, up 15 percent from the previous year.  Further development of the thoroughbred racing industry in Korea generates increased demand...

Expansion and diversification of large-scale retail businesses coupled with the introduction of information technologies has led a rapid evolvement of the retail food sector in South Korea over the last two decades.  Strong consumer demand for value, convenience, diversity and quality generates increased demand...