K-Food Plus Export Growth Continues... Government Expands Agri-Food Export Voucher Support

Expanding Support for Agri-Food Exporters
Government to Boost Customized Marketing and Overseas Promotion
K-Food+ Export Growth Continues Despite Global Trade Challenges

The government has decided to expand the support scale of the "Agri-Food Global Growth Package (Agri-Food Export Voucher)" program, which assists export companies in developing customized sales channels such as marketing and promotion, participation in exhibitions, and online market entry, in order to maintain the growth momentum of agri-food and related upstream and downstream industry exports.

The Ministry of Agriculture, Food and Rural Affairs announced that on August 20, Minister Song Mireyong held the "3rd K-Food Plus (+) Export Expansion Promotion Headquarters Meeting" for 2025 at the Korea Agro-Fisheries & Food Trade Corporation (aT) Center in Seoul, together with major agri-food and agri-industry export companies and related organizations.

This meeting was the first with export companies following the announcement of reciprocal tariffs by the United States. It was organized to continue the upward export trend of K-Food+, which includes agri-food, smart farms, agricultural machinery and materials, pesticides, and veterinary medicines, through the end of the year. In the first half of the year, exports reached $6.67 billion, a 7.1% increase compared to the previous year.

To ease the burden on export companies and strengthen risk response, the Ministry plans to: ▲ promptly provide funding for raw material purchases and facility investment (approximately 166 billion won in additional and remaining budget); ▲ offer additional support through the agri-food export voucher; and ▲ extend the reduction of the self-payment rate for exchange rate fluctuation insurance (yen and dollar) from 5% to as low as 0%.

In addition, to support companies in expanding their presence in key markets such as the United States and diversifying into regions like the Middle East and Latin America, the Ministry will: ▲ strengthen promotional activities at major retail stores (such as Costco); ▲ host buyer invitation consultation events (BKF+) in October this year; and ▲ enhance K-Food promotion by utilizing the diplomatic networks of 18 overseas missions.

Minister Song stated, "K-Food+ exports are a key driver not only for the national economy but also for elevating the national brand," adding, "We will continue to discover and nurture global next-generation K-Food in connection with K-initiatives in culture and the arts, and will consistently expand overseas K-Food export hubs."

This content was produced with the assistance of AI translation services.