Released on = April 24, 2006, 11:14 pm

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/FB17.htm)
Despite several hitches such as inadequate funds and stiff competition from North
Korea and China, as per experts, the processed food market in South Korea is sure to
grow at a faster pace in the coming years.

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/FB17.htm) Due to
the changing lifestyle of Koreans, a significant makeover has been witnessed in the
South Korean food processing industry in the past few years. Now more and more women
are getting into some or the other occupation, hence convenience of cooking plays an
important role in consumer decision making while buying food. Quality of food is a
key factor, as the health conscious Koreans are ready to spend huge bucks on good
quality edibles. Also, with most of the youngsters preferring ready-to-eat food,
there has been a significant raise in the demand for processed food in South Korea.

The food processing industry in South Korea, which is typically a domestic market
oriented industry, accounts for a considerable share of national income. The
domestic market itself consumes more than 85% of food produced every year. Moreover,
almost 88% of grain used as a raw material for processed food is imported from
abroad because the prices of domestic agricultural products in Korea are
comparatively higher.

Regrettably at present, the food processing industry of Korea is suffering from lack
of sufficient funds and also facing a stiff competition from countries such as North
Korea and China.

As per a recent market research report named, "Food Processing Market in S. Korea
(2005)" by RNCOS, "Economists are concerned about the decline in the economic growth
potential of South Korean food industry". The report also discusses the implications
in the policy for farmers in order to enhance their profitability and also help them
maintain farming as a livelihood in this changing scenario. As per experts, "There
is a strict need of more positive and productive relations between the workers and
management for further development of the food processing industry in Korea".

Profiles of key players in this business along with overall market estimation, trend
analysis and so on are the major highlights of this report. The report is a must
read as it gives you a clear view of the impact of the food processing industry on
the overall economy of South Korea during the years 2000 and 2005.

About RNCOS:
RNCOS, formed in 2002, offers Market Research Reports for your business needs and
aims to put an end to your information pursuit. Our expertise in gathering global
business information for industry research, corporate training, growth consulting,
and business consulting, brings reputed companies and firms to us for business
enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/FB17.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com