South Korea: Retail Foods

  |   Attaché Report (GAIN)

Expansion and diversification of large-scale retail businesses coupled with 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 for imported food and agricultural products in the sector. The United States remains the leading supplier of consumer-ready food products to the Korean retail food sector. Korea’s imports of consumer-ready food products from the United States totaled a record high $3.6 billion in 2014, up 21.4 percent from the previous year. Reduction of import tariffs under KORUS FTA should provide American products with additional opportunities in the sector.

South Korea: Retail Foods

Related Reports

Attaché Report (GAIN)

Thailand: Rice Price - Weekly

Rice export prices increased one percent due to the strengthening of the Thai baht that outweighed the downward pressure on domestic rice prices.
Attaché Report (GAIN)

Vietnam: Cotton and Products Annual

Vietnam’s cotton imports for marketing year 2024/25 (MY 2024/25) are forecast at 6.8 million bales, up 3 percent over MY 2023/24 based on an expected recovery in global demand for textiles and garments by mid-2024.
Attaché Report (GAIN)

Cambodia: Grain and Feed Annual

Rice production in Cambodia is forecast to increase due to higher rice prices and the use of higher quality seeds. Rice exports to Vietnam have been surging as Vietnam mills have offered higher prices to Cambodian farmers.