Trade barriers still bog down K-food firms: lobby group head

Despite the increasing presence of Korean food products in international markets, the industry still encounters significant obstacles due to overseas trade barriers, according to Park Jin-sun, the chairman of the Korea Food Industry Association. Park addressed these challenges during a press conference in Seoul, marking his first year leading the organization.

The difficulties faced by KIA member companies span a range of issues, including tariffs, customs regulations, certification requirements, and adherence to food safety standards in foreign markets.

Furthermore, the global supply chains that are crucial to the industry's operations also present a threat. The scarcity of necessary materials for production, as well as rising oil prices and disrupted naphtha supplies, have created logistical challenges for Korean food manufacturers. Park highlighted the impact of these disruptions on packaging operations and the weakening of the Korean won against foreign currencies.

In addition to these economic factors, the head of the industry lobby group emphasized other concerns that are critical for the sustained success of Korean food firms. These include compliance with stringent food safety regulations, investments in innovative production technologies, eligibility for government subsidy programs, and the implementation of sustainable operational practices.

Park stressed that both importers and exporters, who seek to expand their market presence globally, are grappling with these multifaceted trade-related challenges.