South Korea sets sights on Russia, Mongolia, and Kazakhstan after record rise in food exports

Previously, the east Asian nation had focused much of its export efforts on countries under its ‘New Southern’ policy, which included South East Asia and India, and saw favourable results out of this in terms of skyrocketing food export numbers​ earlier this year. According to the South Korean Ministry of Agriculture, Food and Rural Affairs (MAFRA), record-setting food export numbers to countries under the ‘New Northern’ policy, where efforts at co-operation have so far been more focused on diplomatic, infrastructural and cultural discussions, indicate a valuable market for food trade. The New Northern policy was established in 2017, and relevant geographical markets include Russia, Ukraine, Belarus, Central Asia, Mongolia, and part of China. “For the first time in three years, food exports to the New Northern have shown an increase – this had been continuously on the decline previously,”​ MAFRA said via a formal statement. “In the past five years, the highest food exports South ...