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Korea - Republic Of > East Asia and the Pacific + South Korea

As part of a broad push towards reducing carbon emissions in the aviation sector, the newly elected Labour government is seeking to bolster the United Kingdom’s (UK) Sustainable Aviation Fuel (SAF) industry, which builds on initiatives and policies...

On October 30, the Department for Business and Trade (DBT) extended over 220 voluntary tariff suspensions announced following the 2021 and 2023 application periods, through June 30, 2026. The announcement synchronizes multiple expiration periods...

In marketing year (MY) 2024/25, due to favorable climatic conditions, avocado production is expected to total 200,000 metric tons (MT), representing a 33.3 percent increase from MY 2023/24. The area planted will total 33,010 hectares, reflecting a one percent growth from MY 2023/24.

Discrepancies between the information provided on the export certificate and the information on the label of the package in U.S. dairy products is causing recurring detentions at the ports of entry in Chile.

In September 2024, a National Assembly member submitted a draft revision of the Act on Transboundary Movements of Living Modified Organisms, commonly referred to as the LMO Act.

This year’s report does not contain significant changes from last year’s report. Chile continues allowing the reproduction of seeds under strict control of the Agricultural and Livestock Service (SAG) of the Ministry of Agriculture.

Korea’s wine import sector has been undergoing a stabilizing phase since the explosive growth around 2021. In 2023, wine imports reached 506 million USD, down 12.9 percent from the previous year, totaling 56.5 million kg, a decrease of 20.4 percent compared to 2022.

Korea’s fresh pear production is projected to rise by 10.2 percent to 202,000 metric tons (MT) in marketing year (MY) 2024/25, helped by favorable weather and lower incidences of diseases and pests compared to the previous year.

The United Kingdom (UK) is the largest consumer of wood pellets, globally. UK wood pellet regulations have not significantly diverged from the European Union (EU) following Brexit.

Market share of U.S. corn in South Korea is expected to remain strong in MY 2024/25 after rebounding to 20 percent in MY 2023/24. Domestic rice production continues its slow decline as the government incentivizes farmers to switch to planting alternate crops.

The United Kingdom is still facing a cost-of-living crisis. In October 2024, businesses and consumer confidence indexes dropped to the lowest level this year as uncertainty looms with regards to the newly elected Labour administration and what they may announce in the October 30 government budget.