Markets and Economics News
Seoul to Limit Fallout of China FTA on Farm SectorSOUTH 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.
Jump in Farm, Food Exports in First QuarterSOUTH 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...
Farmers Protest Measure to Import Tariff-free PorkKOREA - 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.
Korea to Extend Pork Tariff QuotaSOUTH 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. ...
Insight into Korea's Corn Market SectorsSOUTH 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.
Importers Face High Stocks & Weak DemandSOUTH 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.
Minister Urges Greater Efforts to Boost Farm ExportsSOUTH 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...
Korea Forced to Import More Pork in 2012SOUTH 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...
Seoul to Expand Help for Fishing and Ag SectorsSOUTH 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),...
Food & Agriculture Exports Jump to New HighSOUTH 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...
Korea Reviews Animal Drug Residue LevelsSOUTH 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...
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.
Pork Imports More Than Double in 2011SOUTH KOREA - South Korea's pork imports have more than doubled so far this year, the government said Thursday.
Pork and Chicken Lead Spike in Meat PricesSOUTH 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...
PIC Announces Completion of Major Export to KoreaSOUTH KOREA - PIC has completed delivery of 2,300 grandparent stock from Canada to franchise partner, PIC Korea.
Measures to Increase Chilled Pork Belly ImportsSOUTH 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...
Consumers Seek Alternatives as Pork Prices SoarSOUTH 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.
Govt Battles to Control Prices & Supplies after FMDSOUTH 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.
South Korean Meat Imports HigherSOUTH 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.
Lowered Tariffs to be Imposed on More Pork ImportsSOUTH 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...
Imports of US Pork JumpSOUTH KOREA - Imports of US pork and beef rose at a far faster pace than those of other overseas meat products this year.
MAP, FMD Funding Boost USGC Efforts in S KoreaSOUTH 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...
Pork Belly Price Stymies PurchasesSOUTH KOREA - As the price of pork rises, Koreans are giving up their beloved pork belly to seek alternative cuts and sources of protein.
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...
Korea Cuts Import TariffsSOUTH 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.
Korean Pork Product Exports Resume to JapanSOUTH KOREA - Exports of processed pork to Japan are to be resumed this week.
Boehringer Opens Asia's Largest PRRS ForumSOUTH 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...
No Pork Exports Reported in FebruarySOUTH 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...
Pork Belly Day Ignites Marketing BlitzSOUTH 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."
Pork Prices Bounce Back After A/H1N1 ScareSOUTH 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.












© 2000 - 2012. 5m Publishing, Benchmark House, 8 Smithy Wood Drive, Sheffield, S35 1QN, England.