Korean Food Exports to China on the Rise

      March 10, 2009 12:45

      Since the onset of the global economic downturn, Korea's exports have been spiraling downward due to dampened consumer sentiment worldwide.

      But thanks to a renewal of interest in Korean food products by Chinese shoppers, Korea's agriculture and fisheries sectors have seen exports to China rise by nearly 20 percent this year from the same period last year.

      According to a Korean manufacturer that exports citron tea to China, sales last year rose more than twice from the previous year. Korean enoki mushrooms are also being consumed in large quantities, driving sales up almost 5,000 times.

      The Korea Agro-Fisheries Trade Corporation says the trend has boosted Korea's position as the second largest food exporter to China, surpassing the United States.

      The goal this year is to increase sales of Korean foods by 50 percent through expanding distribution channels in China. Taking advantage of this new wave of interest, the country's leading retailer Lotte Mart says it plans to build 300 new stores in China by 2017.

      Arirang News
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