Global food manufacturers find the Chinese market a tough nut to crack. The U.S. government recently complained about China’s subsidies to enterprises including food manufacturers. Last year, E-mart, Korea’s largest supermarket chain, pulled out of China after 17 years of operations there. Despite such difficulties, the Chinese food market, with its 1.4 billion customers, is still enticing to exporters…Full Article: The Korea Herald Mar 2015
- In 2016, South Korea is expected to complete the construction of “Foodpolis”, a government-backed food cluster similar to the Netherland’s “Food Valley, in Iksan, North Jeolla Province (east-central Korea).
- As of March 2015, five international companies had operations in Korea’s Foodpolis, of which, two were Chinese.
- On 10 February 2015, Chinese fruit jelly-maker Qiaomama signed an agreement to establish operations in Foodpolis.
- According to an article published in December 2013, a total of nine Chinese food production companies, including Qingdao Nine-Alliance Group Co. (chicken product producer and exporter), Shanghai TDL Food & Beverage (vitamin beverages, juices and dairy) and Qingdao Foods Co, planned on establishing a presence in Foodpolis.