{"id":39312,"date":"2023-07-25T15:54:11","date_gmt":"2023-07-25T20:54:11","guid":{"rendered":"https:\/\/www.incredibleegg.org\/?page_id=39312"},"modified":"2023-07-25T15:54:12","modified_gmt":"2023-07-25T20:54:12","slug":"south-korea","status":"publish","type":"page","link":"https:\/\/www.incredibleegg.org\/professionals\/import-export\/for-us-egg-suppliers\/key-markets\/south-korea\/","title":{"rendered":"South Korea"},"content":{"rendered":"
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Home<\/a><\/span><\/span><\/p><\/div>\n

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South Korea<\/h1>\n <\/div>\n <\/div>\n\n \"South <\/div>\n<\/div>\n\n
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Market Place<\/strong><\/p>\n<\/div>\n\n

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  • Korea-U.S. Free Trade Agreement (KORUS FTA) effective March 15, 2012, giving U.S. egg products price competitiveness through tariff reductions, eventually going to zero in 5-12 years, depending on type of egg products<\/li>\n\n\n\n
  • Korea imports three types of egg products \u2013 liquid egg yolk, egg yolk powder and egg white powder<\/li>\n\n\n\n
  • Resulting from U.S. HPAI outbreak, until now, import volume of U.S. egg products has not recovered since other countries such as Italy, China, France and Demark took market share<\/li>\n\n\n\n
  • U.S. egg products face strong competition from local eggs and egg products<\/li>\n\n\n\n
  • Self-sufficiency ratio of fresh eggs is over 90 percent and local fresh eggs have reasonably affordable price range<\/li>\n\n\n\n
  • Comparing to local fresh egg market, egg processing capability and capacity relatively weak, with some food manufacturing companies building facilities to make processed egg products, including specialty egg products in ready-to-cook form qualifying for standards of international QSR franchises in Korea<\/li>\n\n\n\n
  • U.S. egg products need to attain competitiveness against low-cost domestic eggs and egg products<\/li>\n\n\n\n
  • Essential to develop new usages and channels for U.S. egg products and deliver a positive message about U.S. egg products with emphasis on their superior quality, diversity, convenience, stability, cost-effectiveness and safeness<\/li>\n<\/ul>\n<\/div>\n\n
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    Market Opportunity<\/strong><\/p>\n<\/div>\n\n

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    Bakery<\/strong><\/p>\n<\/div>\n\n

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    • Mass Production<\/li>\n\n\n\n
    • Franchise Bakery<\/li>\n\n\n\n
    • In-store Bakery<\/li>\n\n\n\n
    • Window Bakery<\/li>\n<\/ul>\n<\/div>\n\n
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      Confectionary<\/strong><\/p>\n<\/div>\n\n

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      Manufacturer<\/strong><\/p>\n<\/div>\n\n

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      • Mayonnaise<\/li>\n\n\n\n
      • Dressing<\/li>\n\n\n\n
      • Ice Cream<\/li>\n\n\n\n
      • Noodles<\/li>\n<\/ul>\n<\/div>\n\n
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        Foodservice<\/strong><\/p>\n<\/div>\n\n

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        • Hotel & Restaurant<\/li>\n\n\n\n
        • QSR (Quick Serve Restaurant)<\/li>\n\n\n\n
        • Mass Catering<\/li>\n<\/ul>\n<\/div>\n\n
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          Objective: To educate target groups to make use of U.S. egg products, by organizing educational events<\/p>\n<\/div>\n\n

          \n

          Strategy: Concentrate on educating importers and end-users about U.S. egg products\u2019 quality, diversity, convenience, stability and safeness by providing necessary technical information and proper usage instructions due to limited technical knowledge of how to utilize U.S. egg products.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

          Market Place Market Opportunity Bakery Confectionary Manufacturer Foodservice Objective: To educate target groups to make use of U.S. egg products, by organizing educational events Strategy: Concentrate on educating importers and end-users about U.S. egg products\u2019 quality, diversity, convenience, stability and safeness by providing necessary technical information and proper usage instructions due to limited technical knowledge […]<\/p>\n","protected":false},"author":1,"featured_media":39306,"parent":39297,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-39312","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nSouth Korea - American Egg Board<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.incredibleegg.org\/professionals\/import-export\/for-us-egg-suppliers\/key-markets\/south-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea - 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