South Korea: Utilizing locally grown organic rice, on a path of growth both domestically and internationally

Expansion of rice consumption forms one of the pillars of measures to resolve the oversupply of rice. The government and industry are pinning their hopes on developing overseas markets as well as domestic rice consumption. In particular, expectations for exports of processed rice products are high. Although rice consumption is showing a declining trend in Korea, exports of processed rice products are on the rise, reaching $138 million in 2020, $164 million in 2021, and $182 million in 2022. The government is actively promoting the discovery of promising export items by country, with the goal of achieving $300 million in rice processed food exports by 2027. One of those items is processed rice food for infants, which is gaining popularity in China and elsewhere. In fact, we can get a glimpse of the possibility of pioneering overseas markets from some domestic infant rice processed food companies. HS F&B, which has been growing since moving into the National Food Cluster Complex in ...