Released on = April 28, 2006, 4:29 am

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/FB17.html) 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.marketsmonitor.com/category/FB17.html) 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 via MarketsMonitor 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.marketsmonitor.com/category/FB17.html
For more information about the report please visit www.marketsmonitor.com


Web Site = http://www.marketsmonitor.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