South Korea: Agri-food exports target of $8.1 billion this year by targeting Chinese online stores

Published 2021년 3월 3일

Tridge summary

South Korea's government has set a target to increase agricultural food exports to $8.1 billion this year, a 7.0% increase from the previous year. This strategy includes the development of Korean agri-food sales channels in Chinese online stores and the establishment of the 'Korean Food Hall' in large online malls in China and Southeast Asia. The Ministry of Agriculture and Food will also focus on promoting the export of fresh agricultural products and promising items such as kimchi, ginseng, and convenience foods.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Seoul = Yonhap News) Reporter Lee Young-jae = The government has decided to increase the exports of agricultural foods this year to 8.1 billion dollars (approximately 9 trillion won) through the development of Korean agri-food sales channels in Chinese online stores. The Ministry of Agriculture, Food and Rural Affairs announced on the 3rd the'Agrifood Export Expansion Strategy' at a meeting of the Central Emergency Economy Headquarters. The Ministry of Agriculture and Food has set a target for exports of agricultural food this year at $8.1 billion. This is 7.0% higher than last year's agricultural food exports ($7.57 billion). Last year, exports of agri-food recorded a record high even in the case of a novel coronavirus infection (Corona 19). The Ministry of Agriculture and Food is paying attention to the spread of online agri-food distribution with the Corona 19 incident. The demand for healthy and functional foods and convenient home foods is also expanding. Accordingly, the ...
Source: Yna

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.