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South Korean Agriculture Ministry intends to foster K-food business

The South Korean government is aiming to achieve $15 billion in agricultural exports by 2027 by fostering K-food industries. Kimchi, seaweed and pears, for example, will be elevated to represent Korea's healthy eating culture. Instant noodles will be promoted as Korea's most convenient snack.

The plan announced by the Ministry of Agriculture, Food and Rural Affairs is intended to further bolster Korea's food industry market. The ministry announced a five-year growth plan whereby the country's local food industry will register a 9 percent year-on-year growth through 2027 to reach 1,100 trillion won. The ministry will establish 15 "K-cuisine belts," whereby tourism and exports will be fostered.

Other than kimchi, traditional foods, beverages and cooking ingredients including soju, makgeolli and other sauces will be promoted for export.

Source: koreatimes.co.kr

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