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Food Show PLUS! at Seoul Food & Hotel
May 20 - May 24
Seoul Food & Hotel 2019 will return to Kintex, Seoul and already looks set to expand on its record breaking year in 2018. Seoul Food & Hotel provides participating companies with an opportunity to meet with key importers, distributors and industry buyers from retail, catering and hospitality trade across the of Korea. As a nation of ever-evolving tastes and with a variety of developing food trends, Korea is one of Asia’s most important nations for launching new and innovative products.
In 2017 the U.S. remained the leading exporter of food and agricultural products to Korea with 25% market share. Under the solid recovery trend of the Korean economy, American exports to Korea showed outstanding outcomes for the basic, intermediate, and consumer-oriented product categories. Despite escalated competition from export-oriented competitors, consumer-oriented American products continued to lead the expansion of export market in Korea, which reflected Korean consumers’ increased demand for better value, quality and diversity. The Korea-United States Free Trade Agreement, implemented in 2012, coupled with on-going recovery of the Korean economy, is expected to generate greater export opportunities for American products in Korea in the coming year.
Imports of American consumer oriented food products into Korea in 2017 ended in a growth mode and totaled US$3.8 billion, an increase of 12% from the previous year and the highest total on record. Korea now ranked 5th as an overall destination for these products. Korea is also a top market for U.S. processed food exports, which totaled nearly US$1.9 billion in 2017 and grew 10% over the previous year. Korea is the 4th largest market for U.S. processed foods.
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