Potato News from South Korea

Indian-origin premium frozen food brand Hungritos wrapped up the first half of the current calendar with a hugely successful SFH Food and Hotel Seoul 2024, in June. 

Potato prices continue to rise. At the Garak Market in Seoul on the 4th, a box of 20 kg of potatoes was sold at KRW 75,367 (about USD 58.48). Compared to the average value (48,105 won) from 2019 to 2021, it rose by 57%.

Advanced crop technology company E Green Global Co. Ltd. (EGG) announced that it has raised additional equity funding from ADB Ventures, the venture capital arm of the Asian Development Bank (ADB).

Algunos usuarios de Corea del Sur se han hecho eco en las redes sociales de esta particular forma de comer el conocido producto coruñés.

Dutch potato processing companies are increasing their market share in the South Korean Frozen French Fry market.

Potatoes USA reports that the South Korean government has reopened its market for table-stock potatoes from the Pacific Northwest states of Idaho, Oregon, and Washington.

TOMRA Sorting Food, the worldwide leader in sorting and peeling equipment, has launched a Korean langcode website, which provides a dynamic online resource for its Korean-speaking customers.

South Korea could help provide Australian potato growers with some relief from domestic cost pressures via a potentially lucrative growth market for exports.

Japanese snack maker Calbee will build a factory in South Korea to meet the soaring consumer appetite for its potato chips in that country.

It was bound to happen. This isn't out of the blue. It makes perfectly good sense. In South Korea, McDonald's is rolling out honey butter french fries.

In South Korea, Nongshim Co.’s Sumi Potato Chip Honey-Mustard set a new record for domestic snack sales with 3.6 million bags sold in the first month, the Korean snack company announced.

Lotte Mart, with 93 stores nationwide (the 3rd largest retail group in Korea), started to sell US fresh table-stock potatoes in all stores on April 20, announcing the new product in their in-house paper and in their newspaper ads.

Calbee Inc. said Tuesday it will set up in June a joint venture with Haitai Confectionery &Food Co. of South Korea that will make potato chips and other snacks in the country.