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Markets and Economics News

Thursday, May 03, 2012
View news from Korea, South Seoul to Limit Fallout of China FTA on Farm Sector
SOUTH KOREA - South Korea will draw up safeguard measures to minimise the fallout of a free trade agreement (FTA) with China on its farming sector, the Seoul government said.
Wednesday, April 04, 2012
View news from Korea, South Jump in Farm, Food Exports in First Quarter
SOUTH KOREA - South Korea’s food and agriculture exports rose more than 11 per cent on-year in the first quarter of 2012 on solid demand in the United States, Japan and China, the government said Tu...
Thursday, March 29, 2012
View news from Korea, South Farmers Protest Measure to Import Tariff-free Pork
KOREA - Local pig farmers are protesting in front of the National Assembly against a government measure to import 70-thousand tons of pork belly into Korea tariff-free, in the second quarter.
Tuesday, March 20, 2012
View news from Korea, South Korea to Extend Pork Tariff Quota
SOUTH KOREA - Korea will extend its tariff quotas for pork belly and dried peppers by three months to ensure their steady supply and help stabilize domestic prices, the finance ministry said Tuesday. ...
Friday, March 02, 2012
View news from Korea, South Insight into Korea's Corn Market Sectors
SOUTH KOREA - According to Byong Ryol Min, US Grains Council director in Korea, the United States supplied 77.6 per cent of Korea’s corn imports in 2011.
Thursday, February 09, 2012
View news from Korea, South Importers Face High Stocks & Weak Demand
SOUTH KOREA - Various Korean beef importers reported this week that high stock levels and weak consumer demand is hindering trading activity, reports Meat and Livestock Australia.
Thursday, January 19, 2012
View news from Korea, South Minister Urges Greater Efforts to Boost Farm Exports
SOUTH KOREA - South Korea's agriculture minister on Thursday urged increased efforts to boost the country's food and agricultural exports, stating the country's free trade agreement (FTA) with the United...
Monday, January 09, 2012
View news from Korea, South Korea Forced to Import More Pork in 2012
SOUTH KOREA - Korea’s self-sufficiency rate of pork dropped to the lowest point ever last year due to massive culling of pigs in the wake of foot-and-mouth (FMD) disease outbreaks, government data showed...
Tuesday, January 03, 2012
View news from Korea, South Seoul to Expand Help for Fishing and Ag Sectors
SOUTH KOREA - The South Korea government will expand its support for the fishery and agricultural sectors to ease their losses from a massive influx of outside products under free trade agreements (FTAs),...
Wednesday, December 07, 2011
View news from Korea, South Food & Agriculture Exports Jump to New High
SOUTH KOREA - South Korea's exports of food and other agricultural products surged to a new monthly high for the year last month, largely on growing demands from Japan and China, the government commen...
Monday, December 05, 2011
View news from Korea, South Korea Reviews Animal Drug Residue Levels
SOUTH KOREA - The Korean Food & Drug Administration (KFDA), which sets maximum residue limits (MRL) for veterinary drugs (as well as pesticides) in livestock products including meat, dairy products, fish...
View news from Korea, South Pork Overtaken by Beef
SOUTH KOREA - Sales of beef in supermarkets exceeded those of pork for the first time in nine years after foot-and-mouth disease led to the cull of vast numbers of pigs.
Friday, November 25, 2011
View news from Korea, South Pork Imports More Than Double in 2011
SOUTH KOREA - South Korea's pork imports have more than doubled so far this year, the government said Thursday.
Friday, November 11, 2011
View news from Korea, South Pork and Chicken Lead Spike in Meat Prices
SOUTH KOREA - Prices of pork and beef imports were spiked in October from a year earlier, the customs agency said yesterday, amid worries that rising costs of imported meat could put upward pressure on...
Thursday, November 10, 2011
View news from Korea, South PIC Announces Completion of Major Export to Korea
SOUTH KOREA - PIC has completed delivery of 2,300 grandparent stock from Canada to franchise partner, PIC Korea.
Friday, August 12, 2011
View news from Korea, South Measures to Increase Chilled Pork Belly Imports
SOUTH KOREA - The price of pork belly meat – the most popular pork cut in Korea – has gone through the roof in recent months due to local shortages resulting from the country's devastating outbreak...
Friday, July 29, 2011
View news from Korea, South Consumers Seek Alternatives as Pork Prices Soar
SOUTH KOREA - The recent outbreak of foot-and-mouth disease has been driving up prices of pork, and local consumers are now opting for other kinds of meat.
Wednesday, July 20, 2011
View news from Korea, South Govt Battles to Control Prices & Supplies after FMD
SOUTH KOREA - The impact of recent diseases on consumption and production in the country's livestock sector is forecast to be significant in a new market report.
Wednesday, July 13, 2011
View news from Korea, South South Korean Meat Imports Higher
SOUTH KOREA - As the result of the recent foot and mouth disease (FMD) outbreaks, the country's imports of pork and beef were up significnalty in the first half of this year.
Tuesday, July 12, 2011
View news from Korea, South Lowered Tariffs to be Imposed on More Pork Imports
SOUTH KOREA - South Korea will expand the amount of imported pork subject to lower tariffs as part of efforts to stabilize food prices and ease inflationary pressure, the nation's top economic policymaker...
Monday, June 20, 2011
View news from Korea, South Imports of US Pork Jump
SOUTH KOREA - Imports of US pork and beef rose at a far faster pace than those of other overseas meat products this year.
Monday, June 13, 2011
View news from Korea, South MAP, FMD Funding Boost USGC Efforts in S Korea
SOUTH KOREA - US grain farmer checkoff investments in international market development, combined with USDA Foreign Market Development (FMD) and Market Access Programme (MAP) funds, have helped grow US...
Tuesday, March 22, 2011
View news from Korea, South Pork Belly Price Stymies Purchases
SOUTH KOREA - As the price of pork rises, Koreans are giving up their beloved pork belly to seek alternative cuts and sources of protein.
Wednesday, February 23, 2011
View news from Korea, South Increase in Tariff-free Pork Imports, Powdered Milk
SOUTH KOREA - South Korea government has decided to increase the amount of tariff-free imports of pork and powered milk in a bid to easy supply shortages caused by the country's ongoing epidemic of foot-and-mouth...
Friday, February 04, 2011
View news from Korea, South Korea Cuts Import Tariffs
SOUTH KOREA - At the end of January, the Korean government announced that it was cutting the import duty on 60,000 tonnes of pork from 25 per cent to zero until 30 June 2011.
Monday, July 19, 2010
View news from Korea, South Korean Pork Product Exports Resume to Japan
SOUTH KOREA - Exports of processed pork to Japan are to be resumed this week.
Thursday, April 15, 2010
View news from Korea, South Boehringer Opens Asia's Largest PRRS Forum
SOUTH KOREA - The Fourth Asian PRRSpective opened yesterday in South Korea's Jeju Island to update Asian pig farmers on the latest scientific research on PRRS and effective solutions in keeping it under...
Wednesday, March 17, 2010
View news from Korea, South No Pork Exports Reported in February
SOUTH KOREA - Korea's pork exports fell to nil in February due to frozen demand in the wake of the recent outbreaks of foot-and-mouth disease (FMD) at domestic livestock farms, the customs office said...
Wednesday, March 03, 2010
View news from Korea, South Pork Belly Day Ignites Marketing Blitz
SOUTH KOREA - Korean retailers are competing to cut the prices of pork belly as today is the day when the country's farmers promote consumption of the popular dish, dubbed "samgyeopsal."
Tuesday, December 22, 2009
View news from Korea, South Pork Prices Bounce Back After A/H1N1 Scare
SOUTH KOREA - Pork prices have rebounded after falling last week in the wake of an outbreak of type-A influenza at local pig farms, the country’s agriculture ministry said yesterday.
 
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