Browse Data and Analysis

South Korea managed the COVID-19 pandemic relatively well, and consumer spending on food remained strong during the pandemic due to increased home eating.

Domestic milk production is forecast to stay steady at just over 2 million tons in 2022. 2021 milk production is projected to drop to 2.03 million tons after reaching 2.88 million tons in 2020.

The long-term outlook for South Korea’s Hotel, Restaurant and Institutional (HRI) sector is positive, with strong growth up until the COVID-19 pandemic.

Korea's chicken production and consumption are projected to increase moderately in 2021 and 2022, as Korean broiler inventory recovers from HPAI related depopulation, and economic activity normalizes with increased COVID-19 vaccination rates. U.S. poultry exports to Korea remain limited.

The Republic of Korea (Korea) is a developed Asian country with a global presence in high-tech, automobile, and electronics industries. Korea is an industrial powerhouse with a skilled labor force.

This is an update to the Republic of Korea’s export certificate requirements for dairy products including those containing eggs such as ice cream.

As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers.

On June 22, 2021, Korea announced an additional 36,000 MT temporary tariff rate quota (TRQ) for eggs and egg products in effect until December 31, 2021.

The FAS Seoul June 2021 Grain and Feed update covers changes to the Korean rice situation since the March 2021 Grain and Feed Annual report.

The outlook for U.S. products in the Korean retail industry is excellent for a wide range of products.

While Korean seafood imports declined in 2020, the United States remains the country's fifth-largest seafood supplier with a 4.1 percent market share.

A look at how U.S. agricultural exports performed in 2020.