South Korea: Changing agriculture through research and development, pioneering the future in global market

Published 2021년 10월 27일

Tridge summary

South Korea's agri-food industry is experiencing a surge in exports, with a high of $7.57 billion in agricultural products exported last year, despite the economic impact of COVID-19. The industry is expanding beyond domestic markets, with an increase in interest for export strategy-type product development technology. The Ministry of Agriculture, Food and Rural Affairs is supporting various R&D projects to improve food safety and quarantine management, and has allocated a budget of 8.2 billion won for the 'Export Support Distribution and Quarantine' section. The Hadong Green Tea Research Institute has successfully exported 100 tons of green tea to Starbucks in the United States, using shading cultivation technology, and has received the 'Excellent Taste Award' at the 2021 Superior Taste Award by the International Food and Beverage Institute.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Agri-food export strategy type product development technology, 'playing the role of an effective factor' in entering the global market In the era of openness, Korea's agri-food industry, which only shouted 'Shintobuli' amid the offensive of imported agri-food, is changing. In addition to protecting the domestic market through competition with imported agri-food, it is also playing a role in enhancing the international competitiveness of Korean agriculture by promoting overseas market entry. In particular, the overall export industry in Korea is experiencing difficulties as the trade environment deteriorates due to the global economic downturn and prolonged Corona 19, but agri-food exports continue to grow and play a significant role in the national export industry. As the agri-food industry expands beyond the domestic market to the global market, interest in export strategy-type product development technology to preoccupy a niche market targeting the global agri-food market is ...
Source: Aflnews

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