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South Korea aims for big growth in medical devices and biohealth
Wisconsin has several thousand biohealth companies, offering expertise across a wide variety of medical device and pharmaceutical specialties.
South Korea plans its own global positioning satellite system
Wisconsin companies that serve the aerospace industry may find opportunities to partner with businesses in South Korea.
Plant-based foods are South Korea’s next growth engine
South Korean firms pour funds into protein alternatives as consumers look for healthy options.
South Korea rockets into the space industry
After successfully launching its domestically produced Nuri rocket, South Korea plans to boost investments in the space industry, and Wisconsin companies could provide components to fuel that growth.
South Koreans crave whiskey, wine and vegan meals
Demand for vegan foods in South Korea has jumped, as more young people express their environmental concerns through their culinary choices, opening the door to Wisconsin’s vegan food producers.
South Koreans are drinking more imported wine than ever—at home
Both wine and whiskey sales are on the rise, so Wisconsin wineries and distilleries may want to consider exporting their products to South Korea.
South Korea’s appetite grows for edible insects
The edible insect market in Korea has been steadily growing and there may be market opportunities for Wisconsin companies.
November 1, 2021
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Regions:
Asia, South Korea |
Industries:
Agriculture / Timber, Food and Beverage, Other
Pandemic sways South Korean consumers toward dairy products
South Koreans are highly influenced by trends and a taste for Western consumer goods, and their increasing interest in imported dairy products could open opportunities for Wisconsin cheese producers.
Opportunities to meet South Korea's higher education needs
South Korean students often travel abroad for English-language immersion experiences, and Wisconsin's renowned institutions of higher education may appeal to Korean students in a broad range of fields.
Pandemic sways South Korean consumers toward dairy products
South Koreans are highly influenced by trends and a taste for Western consumer goods, and their increasing interest in imported dairy products could open opportunities for Wisconsin cheese producers.
February 1, 2021
|
Regions:
Asia, South Korea |
Industries:
Agriculture / Timber, Food and Beverage, Manufacturing
Traveling to South Korea during the pandemic
Travel for urgent business needs is still possible with an Isolation Exemption Certificate and an invitation from a South Korean company.
Pandemic accelerates South Korea's digital transformation
Opportunities for Wisconsin companies to participate in implementing the Digital New Deal, Green New Deal and Employment Safety Net enhancement
August 1, 2020
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Regions:
Asia, South Korea |
Industries:
Energy, Power and Control, Other, Water / Clean Technology
Social distancing spurs technological innovation in South Korea
Virtual education, e-commerce, delivery, gaming, customer service and telemedicine are among the industries affected.
May 1, 2020
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Regions:
Asia, South Korea |
Industries:
Biosciences / Medical Devices, Multiple Sectors, Other
Increasing adoption of artificial intelligence in South Korea
The South Korean government announced it will spend $21.7 million on the discovery and development of innovative medicine using this technology.
February 1, 2020
|
Regions:
Asia, South Korea |
Industries:
Biosciences / Medical Devices, Multiple Sectors, Other
South Korean companies seek collaboration opportunities
Companies in the automotive, telecommunications and pharmaceutical industries are broadening their focus across multiple industries and seeking opportunities for cross-sector collaboration.
November 1, 2019
|
Regions:
Asia, South Korea |
Industries:
Biosciences / Medical Devices, Food and Beverage, Multiple Sectors, Other
South Korea sees rising demand for foods to fight aging
Supplements and food ingredients that target eye health, joint health and menopause are in particular demand.
South Korea leverages big data for health care advancements
Wisconsin companies can get involved in plans to use artificial intelligence and data analysis to better understand rare diseases.
Trends in South Korea's retail sector
Wisconsin companies wishing to enter the market must understand cultural norms and consumer preferences.
Trends in South Korea's food retail market
Growth is being driven by increased sales by online retailers and convenience stores.
South Korea's growing appetite for food imports
In particular, South Korean consumers are interested in dairy products and baked goods from abroad.
Health care market responds to rising incidence of dementia in South Korea
Approximately 10 percent of South Korea's growing elderly population is living with dementia.
South Korean medical devices incorporate big data, AI
Wisconsin biotech companies with advanced technologies should consider partnering with South Korean companies.
South Korean consumers turn to tea
The market has grown 71 percent in seven years, with particular growth in premium teas.
Food safety concerns drive South Korean consumers to look to imports
After scandals involving bird flu, pesticide, and Hepatitis E contamination, South Korea is increasingly looking to imported sources of eggs and sausage.
South Korean consumers seek air pollution solutions
Air quality in South Korea has deteriorated due to a dust storm in the Gobi Desert and smog from China, creating demand for air purifiers, vacuum cleaners, dust-proof bedding and curtains, and dust masks.
May 1, 2017
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Regions:
Asia, South Korea |
Industries:
Energy, Power and Control, Manufacturing, Other, Water / Clean Technology
South Korea's fast-growing prepared meals market
Demographic and cultural trends have led to increased demand, and companies in the industry are working to come up with healthier options.
South Korea's dairy shortage spells opportunity for Wisconsin companies
Demand for desserts is rising, while the supply of key ingredients has dropped.
South Korean Government Boosts "New Energy" Industry
The South Korean government is actively pursuing the “new energy” industry as a core innovation project for the nation’s economic growth. The government plans to reduce greenhouse gas output by 5,500 tons and to grow the new energy industry to be a $100 billion market by 2030. The Ministry of Trade, Industry and Energy launched the Energy Future Strategy Committee and announced in July that a total of $42 billion will be invested in the new energy industry by 2020. The government will focus mainly on growing eight areas: electric automobiles, the megawatt market, energy storage systems, energy independent islands, eco-friendly energy towns, zero-energy buildings, utilization of heat from wastewater from thermal power plants, and solar panel rental services.
August 1, 2016
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Regions:
Asia, South Korea |
Industries:
Energy, Power and Control, Water / Clean Technology
Expansion Planned at South Korea's Gimhae Airport
The Ministry of Land, Infrastructure and Transport (MOLIT) of South Korea recently announced a plan to expand the Gimhae airport, located in the southern part of the country, to be more competitive as an international airport.
South Korea Plans New Intelligence Information Research Institute
The Ministry of Science, ICT and Future Planning of South Korea recently announced a plan to establish strategies for the development of the intelligence information industry and invest one billion dollars in fostering the specialist labor force and data infrastructure for the next five years. The intelligence information affected includes artificial intelligence, the Internet of Things (IoT), the cloud, and big data. The government plans to enhance the artificial intelligence technology that is currently lagging behind that of other developed countries.
Public and Private Support Align to Grow South Korea's Water Sector
The South Korean government is focusing on developing the country’s water sector, with support for this development coming from the chemicals sector. The water purification subsector is growing especially fast, with support from both the government and the chemicals sector.
Opportunities in South Korea's Packaging Market
South Korea’s packaging industry has been growing significantly, and is expected to grow further based on advanced technologies and materials. Compared to the sales of global packaging market, which is forecast to reach $82 billion by 2016 and has a 3 percent growth rate, the South Korean packaging market is growing at double the pace. The size of South Korea’s packaging machine industry reached $742 million in 2013 from $675 million in 2012, which is a 10 percent year-over-year increase. With this growth, a packaging market that used to be regarded as supplier-oriented is transforming into a consumer-oriented market, and a range of delicate new packaging types addressing consumer safety, convenience and environmental concerns have been introduced to the market.