Tag - Korea's insect industry grows sharply over 4 years

Korea's insect industry grows sharply over 4 years

The South Korean market for insects has grown drastically over the past four years, indicating it could emerge as a promising future industry, a state think tank said Friday. In a report, the Korea Rural Economic Institute estimated the size of the market at 313.9 billion won ($268 million) last year, up 90 percent from 168 billion won in 2011. Last year insects were most used at local governments’ events, valued at 181.6 billion won. Events using insects included a butterfly [...]

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