The Korean food market has been seriously hit by the on-going COVID-19 outbreak. The report provided by Foreign Agricultural Service of USDA listed the main impacts.
Consumers have reduced outdoor activities dramatically, including shopping and dining trips, since the first local infection reported on January 20, 2020.
Food supplies are ample and prices have been stable. Online food sales have skyrocketed.
Korean agricultural production is threatened by a shortage of migrant labor due to virus-related travel restrictions. Other inputs remain in sufficient supply. Market conditions have impacted some product exports and smaller producers that supply school cafeterias, which have been closed for a prolonged period.