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KMID : 0665020190240010001
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Food Industry and Nutrition
2019 Volume.24 No. 1 p.1 ~ p.8
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Current Status and Prospect of Kimchi Industry in Korea
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Park Sung-Hoon
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Abstract
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The purpose of this study is to provide basic information to improve management policy of kimchi processors in Korea. In this paper, status of kimchi industry in Korea were described based on recent articles and statistics. Moreover, amount of annual kimchi intake per capita as a proxy variable of kimchi consumption was forecasted by using an ARMA model. The results presented that kimchi consumption would be slightly in- creased, and the kimchi market expected to grow more than twice as much as it is now according to the commodification tendency of kimchi. Those results are implying that kimchi processors confronting threat of imported kimchi have to innovate their management aiming to expand business scale through partnerships with local peer companies, and to promote internal division of labor through strengthened expertise.
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KEYWORD
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kimchi, consumption, market, trade, ARMA
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FullTexts / Linksout information
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