Product Description
Snapdata's Snapshots South Korea Canned Food 2010 provides 2009 year-end market size data, with 2010 estimates, 5 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the South Korean canned food market andcovers canned Seafood&Fish, Vegetable&fruit, and meat food.  Market value is based on retail sales.Market volume is based on consumption. The data is supplied in both graphical and tabular format for ease of interpretation and analysis.The Snapshots South Korea Canned Food 2010 forms part of Snapdata's Food industry coverage. ... Read more

Product Description
At the start of Q210, the South Korean authorities were again battling outbreaks of foot and mouth disease. The outbreaks in January - the first since 2002 - were quickly brought under control. At the beginning of April, however, the disease re-emerged in another part of the country. By early May, there had been 10 outbreaks within the space of a month and almost 50,000 animals were culled. This has seen demand for red meat fall in some parts of the country as Korea's notoriously safety-conscious consumers avoid beef and pork despite assurances from the government that it is safe to eat.

An outbreak of foot and mouth disease at a government livestock research centre saw the culling of more than 1,500 cattle and hogs, many of rare and valuable strains.

If the disease outbreak continues, milk production could be hit as dairy herds are culled. ! In more positive news for dairy farmers, the government has announced a raft of measures to help Korean farms compete with imported dairy goods once the free trade agreement (FTA) with the EU is completed.

The government will allocate an annual budget of around KRW30bn (US$26.45mn) to purchase milk from farmers to support prices. Some of the purchased milk will go to an expansion of the free milk for schoolchildren programme. The government is also planning to set aside an annual budget of KRW12.6bn (US$11.13mn) to help farmers modernise their facilities.

While the government's desire to maintain self-sufficiency in dairy production is understandable, the interventions will serve to prevent increases in the competitiveness of Korea's dairy industry. Rather than interfering to support prices and control production, we would rather see the government increase the aid package to help farmers increase efficiency in the run up to the implementation of the FTA.

While the government has been proposing an increase in support to the dairy industry, the expensive subsidies offered to the country's rice producers have again come under scrutiny. Agriculture minister Chang Tae Pyong was quoted in a report in April saying, 'we no longer see rice farmers as a baby to nurse'.

Despite the comments, no concrete plans for a reform of the subsidy system have yet emerged. BMI wholeheartedly agrees that subsidies need to be seriously re-examined. However, we fear the political will for an overhaul of the system may still be lacking. ! In other grains news, there could be change in the way Korea sources its supplies of corn and grain in the coming years. The state-controlled Agro-Fisheries Trade Corporation has announced plans to set up a global grains trading company. The corporation hopes to stake a claim in the developing grain markets of South East and Central Asia with Kazakhstan and Indonesia major targets.

Though we would rather see a privately owned company step up to supply Korea's growing demand for grain, we agree that there is still much potential for grain production in the areas to be targeted by the Agro-Fisheries Trade Corporation. A large supplier doing large deals with governments would also improve the security of Korea's grain supplies and reduce the cost of imports. ... Read more

Product Description
South Korea’s rating of first place out of 14 Asia Pacific markets in BMI’s new Food and Drink BusinessEnvironment Ratings says much about the existing and remaining potential of this market’s increasinglydeveloped food and beverage sector. However, the leading local companies are already well into theirpreparations for the impending day where South Korea’s market maturity begins to resemble saturation.Leading South Korean mass grocery retailers, Lotte Shopping and Shinsegae have been vocal for sometime about their desire to become major regional players, with both looking to the immense and highgrowthChinese market as a point of immediate strategic focus. Both have stressed the importance of astrong presence in truly emerging markets, while using the now developed South Korean grocery retailmarket as a backbone for regional expansion. Elsewhere, the final months of 2007 have seen thecountry’s leading food and beverage players as keen to diversify internationally in order to offset thethreat of market maturity - leading local dairy producer Maeil Dairy Industry’s acquisition of a stake inVietnam’s Hanoi Milk Company for US$218mn being one such example.

Ambitious South Korean companies are right to prioritise international growth; BMI has for some timeviewed the country as a developed rather than an emerging market and our growth forecasts for thevarious food and beverage sub-sectors reflect this. Although not inconsiderable when compared to growthin the immensely saturated market of Japan for example, a coffee sales growth forecast of just 11.9% to2012, or an alcoholic drinks sales growth forecast of 12.7% to US$1.4bn in 2012, are indicative of amarket in which explosive sales growth is no longer realistic.
... Read more

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South Korea's large rice harvest in 2009 is causing problems for farmers and the authorities alike. Theexcess supply has seen prices fall, forcing the government to increase its procurement by 230,000 tonnesto take the total government procurement for the year to 4.70mn tonnes. In an effort to clear some of thestockpile, as well as boost food security, the government has launched a campaign to encourage anincrease in the use of rice in food and drink production.

The government has called on companies to do their patriotic duty and produce more rice-based products.To sweeten the deal, the government has lowered the price processors pay for rice by 30%. Snacks andalcoholic drink makers are the main focus of the programme. The authorities are hoping liquor drinkerscan be persuaded to switch to traditional Makgeolli rice wine rather than ever more popular foreignspirits. Rice can also be used to make beer, an avenue the authorities are hoping brewers will pursue morevigorously. While the campaign is unlikely to see a massive boost in rice consumption, we do agree thatthere is room to increase the use of rice in processed food. In Japan, which also has a heavily protectedrice market, the proportion of rice used in food processing is far higher than in Korea. Another option toget rid of the excess stocks would be to resume regular food aid to North Korea. This however will bedependent more on relations between the two states than the needs of South Korea's pampered farmers.

As rice farmers have been suffering with the slack demand, South Korea's cattle farmers have beenfairing unexpectedly well through 2009. Demand for expensive Hanwoo beef has been surprisinglyresilient, helped by the speedy recovery of the Korean economy in the middle of 2009. By September,prices for Hanwoo cattle were at multi-year highs as supply struggled to keep up with demand. Demandhas been helped by country of origin labelling regulations which means even restaurants have to displaywhere their beef is from. This has allowed consumers to avoid less favoured imported beef. US beef hasbeen doing particularly badly as nervous consumers stay away over health fears and lingering resentmentfollowing the protests against US beef imports in 2008.

While beef and poultry consumption performed well in 2009, the latter helped by its low price comparedto other meats, demand for pork fell sharply. Ever safety-conscious Korean consumers were put off by theH1N1 swine flu scare as well as the high price compared to other meats - in 2009 pork was three or fourtimes the price of chicken and more expensive than some cuts of imported beef. In 2010, we expect porkconsumption to recover slightly, but growth will again trail that of beef an poultry. ... Read more

Product Description
The new year started badly for South Korea's agribusiness sector. On January 2 foot and mouth disease (FMD) was found in cattle on a dairy farm in Gyeonggi-do. The government destroyed all the animals on the infected farm and tightened quarantine rules to try and prevent the spread of the disease. Despite this, the initial outbreak was followed by four further outbreaks in the middle of the month. These are the first outbreaks of the disease since 2002. The two previous outbreaks in 2000 and 2002 cost the industry KRW300bn (US$261mn) and KRW150bn respectively. With the experience gained from the previous outbreaks, the government should be able to bring the current outbreak under control more quickly and we do not see the economic cost being as high this time around.

The FMD outbreak followed hot on the heals of the appearance of H1N1 swine flu on farms in the country. The disease first appeared in December and by late January, 18 outbreaks had been reported, the majority in North and South Gyeongsang provinces. This saw the price of pork briefly fall as wary consumers avoided the meat, despite assurances of its safety. Further worries were caused by the discovery of low pathogenic avian flu in wild ducks in December.

Away from livestock, the Korean government is still struggling to formulate policy to deal with a surplus of rice supplies. In 2009/10, Korea will bring in another bumper crop of the grain - we have revised up our forecast to 4.91mn tonnes in response to a data release by Statistics Korea. With domestic demand on a long-term declining trend and Korean rice too expensive for large scale exports, the government is struggling to support prices in the face of the abundant stocks.

With this in mind, there was news of a large increase in demand for Makgeolli, traditional Korean rice wine. In the first 10 months of 2009, production was up 37.8% according to a Statistics Korea report. The government is trying to promote an increase in the use of rice in food processing to create extra demand for the crop.

The government has also recently stepped up purchases of agricultural land to make it easier for Korea's farmers, the vast majority of whom are well into retirement age, to leave the sector. The government of President Lee Myung-Bak is hoping to make the sector more commercial, moving away from the traditional model of inefficient smallholder farmers propped up by government subsidies. Reforms to the cosseted agricultural sector are always controversial. In the long term, however, reform is desperately needed as the cost of subsidies rises and few younger people who could serve in reforming production are drawn to the sector. ... Read more

Product Description
This collection of over 250 oriental recipes - from Indian curries and tand oori to fish dishes from Japan, Chinese recipes with noodles and rice-based dishes of South-East Asia - is an introduction to the cuisine of the Far East. Every recipe has an informative introduction that explains its origin and there are special sections on menus and customs. There is also a glossary of food and cooking terms. ... Read more

Product Description
Introduction

This databook is a detailed information resource covering all the key data points on Dairy food in South Korea. It includes comprehensive value volume segmentation and market share data. The databook supplies actual data to 2007 and full forecasts to 2012.

Scope

• Contains information on 8 categories:Cheese, Chilled desserts, Cream, Fromage frais, Milk, Spreadable fats, Soy Products and Yogurt
• Provides market value, volume, expenditure and consumption data by market, category and segment
• Includes company and brand share data by categories

• Discover the major quantitative trends affecting the Dairy food markets
• Understand consumers' consumption and expenditure patterns
• Understand the future direction of the market with reliable historical data and full five year forecasting
... Read more

Product Description
While productivity in South Korean agriculture has improved dramatically over the last couple of decadesas the economy has developed, the sector is still heavily reliant on government support and protectionfrom imports. In BMI's new South Korea Agribusiness report we examine what challenges the sector willface in the years to come.

Food security has been a major concern for successive South Korean governments since the birth of thecountry. With a very low area of arable land in proportion to the country's population, producing enoughfood to feed itself has always been a problem. The arable land area per capita in South Korea is a mere0.04 hectares (ha), compared to 1.5ha in the US and 0.3ha in the UK. These factors have meant thegovernment has always played a large role in the agricultural sector.

The sale and control of agricultural land is still tightly controlled, though restrictions have been loosenedconsiderably over the last couple of decades. From 1949 to 1993, the maximum farm size was limited to3ha as the government encouraged the formation of family farms, breaking up large farms andexpropriating inactive farmland. In 1993, the maximum farm size was lifted to 10ha in certain areasbefore the law was finally abolished in 2002. This delayed the development of large efficient farms thatcould compete with farms in the developed world.

Small Korean farms have been able to remain profitable only with generous government subsidies andprotection from imports. With the gradual loosening of government control over the agricultural sectorand Korea's entry into the World Trade Organization in 1995, the importance of improving thecompetitiveness of the sector has been highlighted.

The size of farms has increased gradually, growing from 1.19ha in 1990 to 1.43ha in 2005. As would beexpected, rice farms have been the key focus of government efforts to increase the size and efficiency offarms. Under the Farm Size Improvement Program, the average area of full-time rice farming householdsincreased from 3.64ha in 1990 to 4.46ha in 2005. While South Korea has now achieved self sufficiency inrice, and is edging towards being a net exporter, this has been mainly due to falls in consumption asKoreans have increased the amount of wheat-based goods, meat and dairy in their diets. The selfsufficiency in rice seems less impressive when considering that Korea is still only 27% self sufficient ingrains as consumption of wheat and corn has risen.

There has also been a large amount of consolidation in the livestock and dairy sectors and efficiency hasimproved considerably. For example, average milk yield per cow at 9,572 litres per annum in 2008 is nowat a similar level to that seen in the US. Despite this, as with rice production, costs of production are stillhigh and the sectors are expected to suffer heavily with the lifting of trade barriers if the US-South Koreafree trade agreement is finally passed.

This all leaves the future of the agriculture sector heavily dependent on continued protection from thegovernment. Even with the almost KRW1trn in subsidies to rice growers granted in 2007, farmers are stillcomplaining about the difficulty of turning a profit. Some 60% of farm owners are now aged over 60 andthere is little enthusiasm among the younger generation for taking over family farms. This together withthe opening up of the market for agricultural products suggests that Korean farming is in for uncertaintimes in the next decade or two. ... Read more

Product Description
This digital document is an article from Encyclopedia of Food and Culture, brought to you by Gale®, a part of Cengage Learning, a world leader in e-research and educational publishing for libraries, schools and businesses.The length of the article is 2789 words.The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase.You can view it with any web browser.Intended to provide a comprehensive description of the enterprise of education both within the United States and throughout the world. Articles offer a view of the institutions, people, processes, and products found in educational practice. ... Read more

Product Description
The South Korean economy has shown a number of signs that the worst of the downturn may now beover and as such we have revised up our 2009 real GDP forecast for the country from -3.3% to a moremodest contraction of 1.9%. However, the recovery is likely to be a slow one and this may go some wayto explaining the limited amount of merger, acquisition and expansion activity witnessed in the food andbeverage industry this quarter.

Despite the lack of significant industry activity there have been some interesting developments in themass grocery retail (MGR) sector. Following last quarter’s announcement by Tesco Samsung confirmingits ambitious expansion plans, the retailer faced a hurdle in July over the planned opening of a HomeplusExpress Convenience store in the Seoul suburb of Incheon resulting in a suspension of the store opening.

The South Korean retail industry is fairly unregulated with few restrictions placed on store openinglocations, hours or sizes, which has led to a heavy influx of investment in the sector. Smaller independentretailers have become increasingly frustrated by the expansion plans of modern retailers causing thegovernment to consider sending a bill to the National Assembly to introduce regulations to govern smallstoreopenings.

In response to the concerns of smaller retailers the country’s Small and Medium Business Administration(SMBA) announced this quarter that it is considering uniting its members under a single franchise inorder to improve their competitiveness. This greater competition is likely to be far more favourable to thelikes of Tesco Samsung than prohibitive planning regulations as it could stimulate further dynamism in amarket that is increasingly mature.

Moving to the drinks sector, rumours are circulating that the new owner of Oriental Brewery, KohlbergKravis Roberts (KKR) is seeking to offload a 50% stake in the company to early bidding rival AffinityEquity Partners. The purchase of OB was KKR’s first Korean investment and so should the deal goahead it would give KKR access to a partner with a successful track record in the country.

Elsewhere in the drinks industry Starbucks Coffee Korea opened its 300th store in the country in Q309.

Coffee sales are expected to climb 14.6% to reach KRW102.92bn in 2013 and Starbucks Coffee Koreawants to ensure it is well placed to take advantage of this, even if the current downturn has temporarilydented interest in café culture.

Although the South Korean economy has shown signs of picking up, in the immediate term theenvironment for the country’s food and drink producers is likely to remain tough, with consolidation,rather than rapid expansion, the key. ... Read more

Product Description
South Korea continues to top BMI’s Asia Pacific Business Environment Ratings, the potential of this notquite developed, yet certainly past emerging food and beverage market, aided by the relative lack of risksassociated with investing to realise this potential. The past quarter has seen major industry multinationals,among them UK majors Tesco and Diageo and US giant The Coca-Cola Company (TCCC), reaffirmtheir commitment to the market, while local firms, such as Nong Shim and Hite also strive to make themost of this unique regional opportunity.

However, as BMI’s newly-published Q208 South Korea Food & Drink Report discusses, the country hastipped past that point where it attracts major ground-breaking market entry investments from industrymajors - market maturity simply does not warrant them when so many other higher-growth regionalinvestment opportunities are available. Nonetheless, the country continues to encourage furtherinvestment from its existing industry players suggesting that strong growth opportunities do exist in themarket, provided the investor knows where to look.

One such opportunity is South Korea’s alcoholic drinks market. BMI is forecasting value sales growth of12.7% to US$1.39bn in the industry to 2012. The mature beer market will of course contribute to this andimports of high-value Western lagers are expected to be a particularly strong premium growthopportunity in the medium-term. However, the spirits and wine industries appear more exciting and theopportunity on offer here will explain Diageo’s eagerness to return to South Korea this quarter, after itwas banned from directly operating in the country in 2007 due to the use of unlicensed distributors. Involume terms, sales of spirits and wine in South Korea are expected to increase by 42.6% and 17.1%respectively to 2012 and yet a value sales growth forecast of an incredible 174% for the wine industryshows just how strong the potential for investment is here.

South Korea’s alcoholic drinks market has benefited from a relaxed attitude towards alcohol consumptionamong both male and female consumers and yet it has likewise benefited - arguably to an even greaterextent than other industry sub-sectors - from the country’s sustained economic development. GDPgrowth in South Korea is expected to average a healthy 4.8% annually to 2012, further fuelling thedevelopment of added-value and non-essential food and beverage industries. A moderate, but apparentlowering of consumer confidence throughout 2007 does appear to have held into 2008 and this does posea slight risk to food and beverage sales growth. Likewise, food price inflation will have a cautionaryimpact on consumer purchasing decisions.

However, confidence is not expected to drop further and the opportunity to pursue sales growth at thepremium end of the food and beverage industries will remain an inviting prospect.
... Read more

Product Description
This report estimates consolidates demand for vegetable and animal oils and fats. It covers the market in South Korea. ... Read more

Product Description
Introduction

This databook provides key data and information on the soft drinks market in South Korea. This report is a comprehensive resource for market, category and segment level data including value, volume, distribution share and company & brand share. This report also provides expenditure and consumption data for the historic and forecast periods.

Scope

• Contains information on 7 categories: Carbonates, Bottled water, Juices, RTD tea & coffee, Functional drinks, Smoothies and Concentrates
• Market,category and segment level information on value, volume, and expenditure & consumption, with historic (2003-08) and forecast (2009-13) data
• Category level company and brand share as well as distribution share information for 2007 and 2008
• Review of the top two companies within the soft drinks market, including company overview, key facts and business description

Product Description
Introduction

This databook provides key data and information on the frozen food market in South Korea. This report is a comprehensive resource for market, category and segment level data including value, volume, distribution share and company & brand share. This report also provides expenditure and consumption data for the historic and forecast periods.

Scope

• Contains information on: Frozen Meat,Frozen vegetables,Frozen ready meals,fish/seafood,Frozen potato,pizza,Frozen desserts,Frozen bakery &Frozen fruit
• Market,category and segment level information on value, volume, and expenditure & consumption, with historic (2003-2008) and forecast (2009-2013) data
• Category level company and brand share as well as distribution share information for 2007 and 2008
• Review of the top two companies within the frozen food market, including company overview, key facts and business description

Product Description
Korea's major crop, rice, will have an unexpectedly good 2008/2009 harvest, with forecast productionrising 9.8% year-on-year (y-o-y) to 4.84mn tonnes, despite a reduction in the area planted. The growthwill be the first increase in rice production in Korea since 2005. Despite the increase this year, however,we expect the long-term falling trend in rice production to continue over our forecast period. Increasingpressure on land will see the area planted continuing to fall despite yield improvements.

The major story in South Korean agriculture this past quarter has been attempts to secure agricultural landoverseas. Korea is in the vanguard of wealthy food-deficit countries attempting to shore up food securityby purchasing land in poorer countries for agricultural investments. The Gulf states are following asimilar strategy. The biggest, and one of the most controversial, such attempts was the deal betweenDaewoo Logistics and the government of Madagascar to lease 1.3mn hectares of land in the country forcorn production.

Unsurprisingly, deals of this nature have been arousing nationalist sentiment in the countries targeted.The land lease in Madagascar has now been called off following the ousting of president MarcRavalomanana. New President Andry Rajoelina vocally protested against the deal in his successfulunseating of Ravalomanana.

Africa is not the only target for Korean companies, however. In April, Hyundai Heavy Industries, betterknown for shipbuilding, struck a deal to purchase a majority stake in Russia's Khorol Zerno LLC, whichowns a 10,000 hectare farm in the far east of Russia. Similar projects are also on the horizon in Indonesia.Korea's massive import requirements for grain and shortage of agricultural land mean that buying landabroad may seem like a good solution to guarantee food security. However, with land rights such anemotive issue, large foreign holdings in poor and oft unstable countries will always be an easy target forpoliticians hoping to score points among the rural poor. This will make any large investment inherentlyrisky especially at times of high food prices when sensitivity surrounding the issue is heightened.

With Korean agriculture already propped up heavily with subsidies, there is little chance of dramaticincreases in production at home. So despite the risks and the Madagascan setback, the scramble for landwill continue. In April, the agriculture ministry gave its official blessing to companies seeking to invest infarmland abroad and raised the prospect of incentives such as cheap loans. ... Read more

Product Description
Snapdata's Snapshots South Korea Milk 2010 provides 2009 year-end market size data, with 2010 estimates, 5 years of historical data and five-year forecasts. The Snapshots report gives an instant overview of the South Korean milk market andcovers non-flavoured and flavoured cows' milk. Market volume is based on consumption. Market value is based on retail sales. The data is supplied in both graphical and tabular format for ease of interpretation and analysis.The Snapshots South Korea Milk 2010 forms part of Snapdata's Food industry coverage. ... Read more

Product Description
South Korea’s economy continues to improve and as such we have raised our full-year 2009 and 2010 growth forecasts from -1.9% and 1.8% to -1.1% and 3.1%, respectively. However, despite the improved outlook investors continue to exercise caution and as such we have witnessed little in the way of merger, acquisition or expansion activity in the country’s food and beverage industries this quarter.

In fact, the main development in Q409 has concerned outward investment. The country’s mass grocery retail (MGR) sector is fast reaching maturity and the quarter witnessed Lotte Shopping, the retail arm of South Korean conglomerate Lotte Group, acquire Chinese MGR Times. The acquisition is part of the company’s ongoing aim to diversify away from the highly competitive South Korean MGR market. The Chinese MGR sector is particularly appealing as sales growth of 45% is forecast to 2014, this is 11 percentage points higher than the sales growth forecast for the South Korea sector. However, despite increasing market maturity Lotte Shopping is still performing well in South Korea and results for Q309 released demonstrate this; revenue rose 9.4% y-o-y to KRW2.76trn while operating profit climbed 12.5% to KRW166.8bn. This underscores the fact that while China affords stronger growth, South Korea remains an attractive proposition for an established retailer.

Moving to the drinks sector, Q309 saw some interesting activity. In August 2009, the Fair Trade Commission (FTC) fined five of South Korea’s major soft drink producers a combined KRW25.4bn (US$20.3mn) after they were found to have colluded over prices in early 2008. While this is likely to dent the reputation of the companies involved, the effect is only likely to be temporary and with virtually all the market leaders involved in the scandal it is unlikely to have a significant impact on product demand. However, with all eyes now on soft drink prices and with commodity prices rising, soft drink producers will struggle to protect profits by splitting the higher prices with consumers without damaging brand loyalty.

A potential risk to the profit margins of soft drink producers in the short term, the news is also a reminder of the business environment challenges that remain in South Korea, even as it increasingly grows to resemble a developed rather than an emerging market. ... Read more

Product Description
There has been minimal merger, acquisition and expansion activity in South Korea’s food and beverageindustry this quarter largely due to a slowdown in the economy. BMI has forecast that GDP growth willcontract 3.3% in 2009, and 1.8% in 2010. The uncertain economic climate, coupled with a smallpopulation and increasing market maturity, is currently doing little to entice investment.

However, despite ongoing concerns over the economy there has been some interesting activity in thealcoholic drinks sector this quarter. After mounting speculation, firstly about whether Anheuser BuschInBev would sell Oriental Brewery (OB) and secondly who would buy it, Q309 has seen US privateequity giant Kohlberg Kravis Roberts and Co (KKR) emerge as the clear front runner. Staying withdrink industry news, Scottish Whisky firm Edrington announced that it is planning to grow its businessin South Korea despite the economic slowdown. In the short-term, whisky sales are dropping as consumerconfidence wanes and in February 2009 whisky sales fell 7% y-o-y. However, the company is likely tobenefit in the long run in light of the expected increase in alcoholic drink sales, which BMI estimates willreach US$1.4bn in 2009 before rising to US$3.8bn by 2013.

Moving to the mass grocery retail sector many retailers appear to be feeling positive. For example, TescoSamsung has announced further expansion plans this quarter, in addition to the six hypermarkets it plansto open in 2009 the firm has also confirmed its intention to add 100 more convenience stores to itsnetwork by the end of FY09. Tesco has also stated its belief that the country can handle a further 100Tesco Express outlets every year for the foreseeable future. This optimism is not surprising when saleswithin the convenience sector are predicted to increase 56.9% to reach US$9.2bn by 2013. South Korea’sLotte Shopping also has reason to feel positive after posting financial results for Q109, total salesincreased 7.3% to US$2.1bn and operating profit rose 11.5% to US$172.2mn when compared to the sameperiod the previous year.

The actions of KKR, Edrington and Tesco Samsung signify the long-term appeal of the comparativelyhigh-spending South Korean market, even as prevailing economic conditions continue to put pressure onfirms operating within the country. ... Read more

Product Description
Korean cookbook, all in Korean, with sections of "For Darling," "For Beauty," "For Health," "For Family," "For Old & New." Great photographs. ... Read more