Released on = May 10, 2006, 9:48 pm

Press Release Author = RNCOS

Industry = Food & Beverage

Press Release Summary = RNCOS Research:
(http://www.marketsmonitor.com/category/FB17.html) Hats off to the food processing
industry in Korea that it can hit the bulls eye even when there are so many problems
that it's facing both externally as well as internally.

Press Release Body = RNCOS Research:
(http://www.marketsmonitor.com/category/FB17.html) Struggling hard with both the
internal as well as external problems, the food processing industry in Korea has
been able to grow quite impressively over the past so many years.

As per a recent market research report named "Food Processing Market In South Korea
(2005)" published by RNCOS, "The internal problems that the industry is facing at
present include: low productivity, as most of the food-processing firms operate on
small scale. Also, inadequate funds to support the growth of the industry, high
costs and irregular supply of raw materials in domestic market, highly complex
procedures drawn in on international trade and aggressive competition from countries
such as North Korea and China make it hard for the small units in South Korea to
stay in competition for long.

However, the external problems include; lack of information about the foreign
markets plus the constant pressure to open the domestic market of Korea for the
import of agricultural products and processed food, which can severely affect the
agricultural and food processing sectors of Korea".

"The labor productivity in Korea is only 30% to that of US and 60% to that of Japan,
which is also a problem area for the entire food processing industry in Korea", as
per experts.

Here are a few reasons that make this report a document of great significance:

· The report discusses the problems and challenges that are being faced by the food
processing industry in Korea.
· It also provides a comprehensive analysis of the initiatives taken by both the
government as well as private organizations to help support the growth of the food
processing industry in Korea.
· Both the investors as well as entrepreneurs can benefit from the information such
as profiles of the key players in this sector and the strategies taken up by them
for the growth of the industry.
· Also, the report covers the current trends of the industry and also provides an
estimation of the overall market in the years to come.

About RNCOS
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research information and niche market analysis.

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