USGC Looks to Ethanol Potential In Asian Markets

A team of U.S. Grains Council (USGC) staff and two ethanol industry representatives traveled to Japan, Korea and Taiwan last month to review the ethanol markets in these countries and evaluate potential for ongoing U.S. ethanol export promotion programs in the region.

The team visited quasi-governmental organizations, government agencies, industry experts and representatives to both network and discuss possible in-roads for U.S. ethanol.

Council Offers Technical Consultations on DDGS In Korea

The U.S. Grains Council (USGC) visited 10 major distiller’s dried grains with solubles (DDGS) importers and commercial mixed feed manufacturers recently to carry out one-on-one consultations and review the current DDGS market situation with them.

Haksoo Kim, USGC director in Korea, along with Council DDGS consultant Soobo Shim visited five of Korea’s largest importers and an additional five feed millers representing a collective market share of more than 50 percent.

USGC, Korean Ag Industries Bid Farewell to Byong Ryol Min

Min retirement gig

The Korean grain industry honored retiring U.S. Grains Council (USGC) Korea office director Byong Ryol Min at a luncheon in Seoul last week as he prepares to retire after more than 35 years of service.

Mr. Min has been a dedicated employee of the Council since joining the organization in 1977. Beginning as a dairy management consultant, he has proven to be an excellent conduit for USGC’s mission to develop markets, enable trade and improve lives.

Council to Fill Korean Post with Experienced Grains Industry Professional

The U.S. Grains Council (USGC) is pleased to announce Haksoo Kim has joined the staff as assistant director in the Council’s Korea office.

“Mr. Kim is an innovative executive and marketing professional with experience in both the U.S. and Korean grain industries,” said USGC President and CEO Tom Sleight. “He has proven experience with establishing business, working and analyzing the grain industry and more.”

Three Years Later, U.S.-Korea FTA Shows Importance of Strong Trade Policy

The U.S.-Korea free trade agreement (FTA), often called KORUS, entered force on March 15, 2012, giving the United States more open access to Korea’s $1 trillion economy and 49 million consumers. Three short years later, this FTA is being heralded as a success by the agriculture industry and the Office of the U.S. Trade Representative (USTR), with U.S. agricultural exports to Korea growing 31.2 percent last year - seven times faster than average agriculture export growth with the rest of the world. 

Korea Experiences Record Corn Imports, Buying Majority From United States

By: Byong Ryol Min, U.S. Grains Council Director in Korea

Korea’s corn imports reached an all-time high of 10.2 million metric tons (401.6 million bushels) in 2014, with imports of coarse grains and other feed ingredients also climbing to a new record of 12.7 million tons (500 million bushels). Of feed corn imports, which make up 80 percent of Korea’s total corn imports, a majority - 53 percent - was from the United States.

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