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

In 2023, Hong Kong did not have any policy changes to regulations pertaining to genetically engineered (GE) products. GE products are subject to the same food regulations of conventional foods.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong launches Delicious USA 2024 with a record 51 restaurants offering Hong Kong and Macau patrons a chance to “Taste the Finest”...

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.

Israel does not have a policy restricting the use of imported genetically engineered (GE) commodities or derivative products. There are no changes in Israel’s policy towards plant, animal biotechnology, and microbial biotechnology since 2023.

The beef sector in Israel is growing and is heavily reliant upon imports. Israel’s lack of grazing land for cattle and an increasing population are the main factors contributing to the growth in demand for beef imports.

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.

With over 2,500 facilities, the Israeli food processing sector is an important player in the domestic economy. In 2022, Israeli food processors' annual revenue stood at $23.19 billion.

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.

This report supplements GAIN report IS2-24-0020: Israel Adopts Additional European Union Standards for Agricultural Imports and includes translations of the documents from Hebrew to English referenced in the report.

Korean seafood imports totaled $5.93 billion in 2023, down 8.3 percent from 2022. Korean 2023 seafood imports from the United States totaled $203 million, a decrease of 11.4 percent year-to-year.