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Attaché Report (GAIN)

South Korea: Vegetable Oil Market Overview

This report analyzes all vegetable oil markets in Korea, whether for food or industrial use, and covers oils derived from soybean, palm, palm kernel, olive, rapeseed/canola, grapeseed, sunflower seed, corn, coconut, sesame, perilla seed (a leafy plant from the mint family), and rice bran.
On December 26, 2023, Korea issued its flexible tariff Adjustment and Tariff Rate Quota list for certain agricultural, forestry and fishery products for calendar year (CY) 2024.
Attaché Report (GAIN)

South Korea: Grain and Feed Update

In the final month of 2023, Korea finally completed allocating its country specific quota (CSQ) for rice imports totaling 408,000 MT (milled basis) under its 2023 tariff rate quota (TRQ) scheme. However, with most tenders fulfilled in the second half...
In 2023, the Korean government implemented three rounds of tariff rate quotas (TRQs) for various imported agricultural, livestock, and fishery products, including new TRQs to stabilize food prices.
Attaché Report (GAIN)

South Korea: Exporter Guide

As the 5th largest country export market for the United States, Korea provides a promising market for U.S. agricultural products. In 2022, Korea imported about $50 billion agricultural and food products from all over the world and the U.S. supplied a fifth of it, ranking number one. Other key suppliers were China, Australia, Brazil, Vietnam, and Thailand.
International Agricultural Trade Report

Opportunities for U.S. Agricultural Products in South Korea

Ample opportunities exist for U.S. agricultural exports to South Korea. Highlighted in the chart above, U.S. agricultural product exports were a record $9.5 billion in 2022, up 2 percent from 2021. South Korea is the sixth largest export market for the United States, thanks in part to a successful free trade agreement (KORUS) between the two countries and a robust demand for high-quality U.S. food products.
Attaché Report (GAIN)

South Korea: Seafood Market Update 2023

Korean seafood imports totaled $6.47 billion in 2022, up 12.7 percent from the year before. Seafood for human consumption imported from the United States to Korea in 2022 reached $229 million, an increase of 5.6 percent year-to-year. The United...
Attaché Report (GAIN)

South Korea: Dairy and Products Annual

Domestic production is projected to drop to 1.93 million tons in 2023 after reaching 1.98 million tons in 2021. Milk production is expected to show a downward trend due to the decreasing number of dairy farms, decreasing number of milk cows, and...
In 2021 (latest data available), sales of the HRI food service sector reached 150.76 trillion KRW (131.7 billion USD), an increase of 7.77 percent from 2020 and an increase of 4.41 percent from 2019.
This is an update to a voluntary GAIN report KS2023-0013, Korea's Positive List System for Veterinary Drugs. Information on MRL violations and MRL changes has been added.
Attaché Report (GAIN)

South Korea: Retail Foods

Korea was the 5th largest country importer of U.S. agricultural and related products in 2022. The United States is the leading supplier of imported consumer-oriented agricultural products for Korean retail industry, shipping $5.9 billion in 2022.
Attaché Report (GAIN)

South Korea: FAIRS Export Certificate Report Annual

This report includes technical information and certificate requirements for food and agricultural product exports to the Republic of South Korea.