Economy
Exports of red pepper paste surge 35.2% in 2020 on Korean Wave
Jan. 25, 2021
South Korean exports of red pepper paste jumped more than 35 percent in 2020 from a year earlier thanks to the global popularity of Korean pop culture, known as the Korean Wave, data showed Monday. Overseas shipments of red pepper paste, called "gochujang" in Korean, came to $50.93 million last year, up 35.2 percent from a year earlier, according to the data by the Korea Agro-Fisheries & Food Trade Corp. South Korean exports had been on the rise since 2016, when the figure stood