Today's Date: Friday, June 29, 2012

For Coverage: June 28 - 29, 2012

1. BILATERAL/MULTILATERAL ISSUES

One Year after Korea-EU FTA … Imports of EU Agricultural Products Surged [Korean, OSY]

http://www.yonhapnews.co.kr/economy/2012/06/28/0301000000AKR20120628189200002.HTML?template=2087

Summary: It has been a year since the Korea-European Union Free Trade Agreement (KOEU FTA) was implemented on July 1, 2011. It is reported that the FTA had significantly increased importation of EU agricultural products into Korea. Total imports of agricultural products from EU countries from July 2011 through May 2012 amounted to $2.63 billion, up 23.9 percent compared to the same period in 2010/2011. In particular, EU pork meat and skate saw 49.7 percent and 145.7 percent export growth to Korea during the period.

2. MARKETING ISSUES

SPC Opens 90th Paris Baguette Bakery Shop in China [Korean, OSY]

http://www.yonhapnews.co.kr/economy/2012/06/28/0318000000AKR20120628103000003.HTML

Summary: SPC Group, the leading bakery franchise chain in Korea, reported that its 90^th Paris Baguette store in China would open in Beijing city on June 29. The number of Paris Baguette store in foreign countries would mark 111 with the new store in China.

The information in this report was compiled by the Agricultural Trade Office (ATO) at the U.S. Embassy in Seoul, South Korea. The press summaries contained herein do NOT reflect USDA, the U.S. Embassy, or other U.S. government agency official policy or view point. U.S. food exporters can learn more about market opportunities in South Korea by reviewing ATO Seoul’s Exporter Guide and other reports available at www.fas.usda.gov by clicking on “attaché reports”.

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