News & Events
International buyers of U.S. corn in markets like Korea, Mexico, Colombia and Taiwan are taking advantage of low prices, strong policies and the ongoing market development work done by the U.S. Grains Council (USGC) in their countries.
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.
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.
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.
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.”
A group of farmers from three corn states traveled to Japan and Korea last week to meet with customers and share crop progress updates direct from the farm, interactions that are critical to ongoing sales in those mature corn markets.
Fifteen years ago, a second generation Iowa farmer Jim Greif and Iowa Farmer Today launched a website that livestreamed the crop season for Greif’s corn. The site generated more than a million hits worldwide. This year, Greif decided to bring the corn cam website back featuring a test plot that includes genetically modified (GM) corn varieties.
Byong Ryol Min, U.S. Grains Council (USGC) director of Korea, is scheduled to give a farewell speech to USGC delegates at the Council’s 55th Annual Board of Delegates Meeting this summer, sharing his view of the impact of his and the Council’s work in his home country over the last 35 years.
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.
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.