Released on = April 16, 2006, 11:13 pm

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/FB17.html) The Korean food industry is
affected by changes in foreign exchange rates. It is closely related to the domestic
business cycles. And it has now few large retailers overpowering the market.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/FB17.html) The pricing policy in the Korean
food processing industry is directly affected by the changes in foreign exchange
rates. The industry has to rely on international prices owing to chronic trade
deficits and excessively huge agricultural imports. However, so long as the trend of
Korean Won is maintained on the higher side, it will help the food industry to keep
its profit high.

The Korean food industry is also closely linked with the domestic business cycles.
Unlike the luxurious goods whose demand fluctuates dramatically with respect to
changes in income, this is not so with food items whose consumption elasticity is
relatively low. In Korea the country’s business cycle affects the food sector every
three to six months.

Another characteristic of the Korean food industry is the take over of the market by
a few large retailers. Traditionally, the Korean food market was essentially a
wholesalers’ market. As the wholesalers amassed huge financial capacity and
organizing power they dominated the food market for several decades until recently.
The market was basically a suppliers’ market where changes in consumer tastes had
little impact on production and marketing conditions.

A market research report named “Food Processing Market in S. Korea (2005)” prepared
by RNCOS an upcoming market research organization analysts indicate the industry’s
growth in this region arising from the availability of raw materials, changing
lifestyles and flexible trade regulations. The report also analyses the increase in
demand and supply by the country in terms of unit sales as also it discusses the
hindrances to growth opportunities for traders.

In its various sections, the market research report gives a complete picture of the
different business segments within the food processing industry that are supported
by statistical data, trends and legal framework, and regulations that govern it.

The report covers the profiles of key players in the food-processing sector
including their brief profile, recent financials, key management profiles, and
company’s strategic moves/ press coverage giving the overall market estimation and
its trends.

The report has conducted a SWOT analysis of the market and deals with factors
affecting agro-processing industries. The report also mentions about the budding
workforce and on-farm employment limits.

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