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  • Rapid Growth of the Korean Processed Food Industry 내용닫기
    Rapid Growth of the Korean Processed Food Industry
    The development of processed food technology has contributed to improving the quality, and consequently increasing the demand for processed food.
    As the Korean certification system for foreign foods has aligned with global systems (such as the Halal certification system), the global demand for Korean processed food has also increased.
    Recent demographic changes, such as the increasing number of single person households, have promoted the development of new processed foods and ready-made meals.
    The ready-made meal market in Korea reached KRW 977.4 billion in 2019, and thanks to the increasing demand for convenient food, the market posted an annual growth rate of 16.2% between 2012 and 2019.
    "Size of Ready-made Meal Market in Korea per Distribution Channel"
    Please refer to the information below
    2012 (KRW 366.2 billion) → 2018 (KRW 902.6 billion), grew 2.5 times
    • Department stores(2012 1% → 2018 1% 0%p)
      • Lotte Department Store, Hyundai Department Store
    • Discount stores(2012 35.3% → 2018 34.9% 0.4%p 하락)
      • Emart, Home Plus, Lotte Mart, etc. (including some large-sized NH Nonghyup Hanaro Mart locations)
    • Supermarket chains(2012 17.4% → 2018 19% 1.5%p 상승)
      • Emart Everyday, Home Plus Express, GS Supermarket
      • Cooperative Stores (Agricultural, Fisheries, and Livestock cooperatives stores)
    • Convenience stores(2012 17.5% → 2018 20.8% 3.3%p 상승)
      • GS25, CU, 7-Eleven
    • Independent supermarkets(2012 19% → 2018 17.6% 1.4%p 하락)
      • Private supermarkets
      • with at least two POSs
    • General foods(2012 9.8% → 2018 6.8% 3%p 하락)
      • Private, small-sized
      • general food stores
    Large view of images
    ※ Source: aT IRS Food Industry Statistics
  • Continuous Growth and Strong Exports in the Food Industry 내용열기
    Continuous Growth and Strong Exports in the Food Industry
    The production of the Korean food industry has maintained an annual average growth rate of 6.04% since 2007,
    and the status of the food industry within the manufacturing industries has constantly improved.
    In 2019, exports of Korean processed foods reached USD 5.64 billion, with an annual average growth rate of 6.6% since 2010.
    The export of noodles recorded USD 610 million, up 10.1% YoY, thanks to strong exports to China and the US. Beverages,
    a newly emerging primary product, saw increasing exports to most countries, thanks to Hallyu,
    and recorded USD 420 million, up 1.0% YoY.
    "Main Indicators of the Food Industry"
    Main Indicators of the Food Industry 2007, 2012, 2018, CAGR(‘07→’18)
    2007 2012 2018 CAGR
    (‘07→’18)
    Business entities (Number)
    Compared to the manufacturing industry (%)
    4,257 4,423 5,616 2.55%
    6.9 6.9 8.1
    Production (USD billion)
    Compared to the manufacturing industry (%)
    52 71 84 6.04%
    5.1 5.0 5.9
    Added-value (USD billion)
    Compared to the manufacturing industry (%)
    21 24 31 5.19%
    5.9 5.4 6.0
    ※ Source: Statistics Korea, Research on the Mining and Manufacturing Industries
    "Food Export Trends "
    Please refer to the information below
    (Unit: billion )
    Food Export Trends 년도별 Fresh, Processed, Marine
    Category 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
    Processed 31.8 43.3 45.4 45.2 50.3 50.7 53.6 57.3 56.5 56.4
    Marine 18.0 23.1 23.6 21.5 20.7 19.2 21.3 23.3 23.7 25.0
    Fresh 9.0 10.5 11.1 12.1 11.5 10.4 11.1 11.0 12.8 13.8
    Total 58.8 76.9 80.1 78.8 82.5 80.3 85.9 91.5 93.0 95.3
    Large view of images
    ※ Source: Ministry of Agriculture, Food and Rural Affairs (2019), Export and Import Trends and Statistics of Food, Agricultural, Forestry, and Fishery Products.
  • Global Food Companies Enter Korea to Target Korean and Asian Markets 내용열기
    Global Food Companies Enter Korea to Target Korean and Asian Markets
    Many global companies have successfully entered the Korean market to target its domestic market and to export to the wider Asian market.
    Starbucks entered Korea through a joint venture with Shinsegae, a Korean distribution company, and has continued to grow since opening its first store in 1999.
    In 2014, Starbucks held the global launch of its Siren Order service (a mobile order and payment service) in Korea,
    driving the rapid growth of Starbucks Korea.
    Please refer to the information below
    Global Food Companies Enter Korea Country, Name of parent company, Name of company in Korea, Location, Items, Number of employees
    Country Name of parent company Name of company in Korea Location Items Number of employees
    US Starbucks Starbucks Korea Seoul Coffee store 14,846
    US Coca-Cola Coca-Cola Beverage Company Yangsan Gyeongsangnam-do Beverages 2,333
    Switzerland Nestle Lotte Nestle Korea Cheongju Chungcheongbuk-do Feed, Dairy products 478
    US Dole Food Dole Korea Seoul Packaged fruit products 93
    US Del Monte Foods Del Monte Fresh Produce (Korea) Seoul Beverages, Fruits and vegetables wholesale and retail 75
    US Mars Mars Korea Seoul Chocolate, Snack, Feed 72
    Large view of images
    ※ Source: Korea Agro-Fisheries and Food Trade Corporation, Food Industry Statistics (aTFIS)
    ※ Footnote: The number of employees in Korea as of 2018.
  • Preemptively Promote Promising Industries 내용열기
    Preemptively Promote Promising Industries
    The Korean Ministry of Agriculture, Food and Rural Affairs announced the third Food Industry Promotion Basic Plan in April 2018 and selected five policies
    and a set of detailed tasks to improve the innovative capacity of the food industry, increase added-value in the agricultural industry, and contribute to the economic development of Korea.
    The Ministry will promote promising industries, such as Home Meal Replacement (HMR) and functional food,
    develop new technologies to respond to the Fourth Industrial Revolution, and lay a foundation for the growth of related industries, such as food ingredients and packages.
    The ministry is also promoting the export of agro-foods and entering overseas markets as well as forming an innovative ecosystem for the food industry.
  • FOODPOLIS Korea National Food Cluster 내용열기
    FOODPOLIS Korea National Food Cluster
    The Korea National Food Cluster established in Iksan, Jeollabuk-do in 2018 focuses on five strategic foods: high-tech convergence foods like functional and bio foods, fermented foods,
    ingredients such as food additives, processed foods like rice, and items of personal preference.
    The cluster features strong locational strength as a primary networks of roads, railways, airports, and ports is located nearby.
    Comprehensive logistics companies have been designated to support the logistics of resident companies at low cost and with high efficiency.
    "Major Logistics and Port Locations in Korea"
    Please refer to the information below
    Location of the FOODPOLIS Korea National Food Cluster
    Large view of images
    ※ Source: FOODPOLIS Korea National Food Cluster website
    ※ Inquiring with the Consumer Goods Industry PM regarding eligibility and detailed conditions
    Please refer to the information below
    Support for Resident Companies in the FOODPOLIS Korea National Food Cluster
    • Promotion for home shopping
      • Support appearance in home shopping by planning products and producing promotional clips
    • Support for Exports
      • Logistics management system
      • Transportation (quarantine, customs clearance, sample, and transport)
      • Preparation for market (patent, certification, brand development)
      • Exploring customers (credit checks on buyers, interpretation and translation, inviting buyers)
      • Trade on-the-job training
    • Other Marketing
      • Support participation in food exhibitions
      • MD invitational education programs
      • Competitive shows and new online/offline market openings
    Large view of images
    "FOODPOLIS Korea National Food Cluster Land Planning"
    FOODPOLIS Korea National Food Cluster Land Planning Category, Area, Number of companies, Invited businesses
    Category Area Number of companies Invited businesses
    Industrial facilities Strategic Food Zone(intensive fostering) 350 thousand ㎡ 50
    • High-tech convergence foods, fermented foods
    • Ingredients, convenient foods, rice processed foods, items of personal preference
    Global Food Industry Zone 450 thousand ㎡ 30
    • Location for foreign-invested companies
    Logistics and Distribution Zone 100 thousand ㎡ 5
    • Logistics and home delivery related businesses
    • Distribution (transportation) related businesses
    • Storage (low-temperature and cold storage)
    General Food Zone
    (Local Food Specialized Zone)
    500 thousand ㎡ 50
    • Baking, confectionery, noodles, beverages, regular liquor
    • Processed meat, dairy, and fishery products
    Food-related Industry Zone 100 thousand ㎡ 15
    • Packaging, containers
    • Food processors
    • Seasoning, food additives
    Food R&D Zone 54 thousand ㎡ 10
    • Private research institutes, companies, university affiliated research institutes
    Business Support Zone 94 thousand ㎡ 6
    • Food functions, safety, packaging center
    • Pilot plant, lease factory, support center
    Theme Park Zone 244 thousand ㎡ -
    • Parks, global theme parks, reservoir
    Housing Complex 413 thousand ㎡ -
    • Housing sites, public facilities like wastewater treatment center
    • Roads, green spaces
    ※ Source: FOODPOLIS Korea National Food Cluster website
    ※ Source provider: Korea Institute for Industrial Economics and Trade
Invest KOREA
Food/Fashion/Beauty PM
Chung Bo Young Key Industries Promotion Team
T.+82-2-3460-7888
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