South Korea's kimchi exports hit new high in 2021 amid growing popularity

2 weeks ago 30

South Korea's exports of kimchi, a traditional spicy side dish of salted and fermented vegetables, hit an all-time high last year due to its growing popularity, data revealed on Sunday.

Outbound shipments of the traditional side dish came to a record $159.9 million in 2021, resulting in a trade surplus of $19.2 million in the sector, according to the data from the Ministry of Agriculture, Food and Rural Affairs.

It is the first time in 12 years that South Korea registered a surplus in the kimchi trade, reports Yonhap news Agency.

Kimchi is a traditional Korean side dish normally made of fermented cabbage, salt and hot peppers and is eaten with almost all meals.

Exports of kimchi grew 18 per cent on average per year in the past five years, and the number of import countries increased to 89 in 2021 from 61 countries in 2011.

The agriculture ministry attributed the increase in kimchi exports to growing awareness of the fermented dish amid the growing popularity of "hallyu", the Korean wave of pop culture.

K-pop and the broader Korean Wave have resonated with young people around the world, burnishing South Korea's image as a cool country, home to K-pop phenomenon BTS and 'Gangnam Style', South Korean rapper Psy's 2012 megahit song.

Experts said the Korean Wave generated by K-pop and TV dramas could turn fans in foreign countries into active consumers of South Korean products.

--IANS

ksk/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Read Entire Article