Agriculture Archives | Be Korea-savvy

Archive by category Agriculture

Commodity Prices Continue Rising Due To Rising Oil Prices, Bird Flu

Commodity Prices Continue Rising Due To Rising Oil Prices, Bird Flu

SEOUL, March 21 (Korea Bizwire) – Commodity prices continued to move up in recent weeks amid rising crude oil prices and the outbreak of the avian influenza, industry sources said Tuesday. Consumer prices rose 1.9 percent in February from a year earlier with comparable figures for January standing at 2 percent. The Bank of Korea [...]

Korea Uses Satellites to Maintain Agricultural Produce Freshness During Shipping

Korea Uses Satellites to Maintain Agricultural Produce Freshness During Shipping

JINJU, South Korea, March 17 (Korea Bizwire) – The Foundation of Agricultural Technology Commercialization & Transfer (FACT) is testing a self-developed shipping container maintenance technology that allows for the export of fresh agricultural produce via container ships.  According to officials, 614 kilograms of strawberries from Jinju, South Gyeongsang Province, are being shipped off to Singapore [...]

South Korean Grape Farms Under Threat From Trade Deals

South Korean Grape Farms Under Threat From Trade Deals

North Chungcheong, SOUTH KOREA, March 13 (Korea Bizwire) — South Korean grape farms are going out of business as they are having difficulty competing with American and Chilean grape exporters following FTA agreements with both countries. In Yeongdong and Okcheon County in North Chungcheong Province, well-known grape-producing districts, nearly a third of the grape farms [...]

Korean Organization Calls for Long Overdue Tree Insurance

Korean Organization Calls for Long Overdue Tree Insurance

  SEOUL, March 6 (Korea Bizwire) — Calls are growing for insurance that protects tree owners in the wake of recent incidents of natural disasters. According to Forestry Cooperative in Korea and Korea Forest Service, there’s currently no agricultural disaster insurance coverage in South Korea for tree owners in case of natural disasters such as [...]

Per Capita Rice Consumption Forecast to Hit Fresh Low in 2017

Per Capita Rice Consumption Forecast to Hit Fresh Low in 2017

SEOUL, Feb. 27 (Korea Bizwire) – South Korea’s per capita rice consumption is forecast to hit a new low in 2017 due to people’s changing eating habits, a report showed Monday.  The average annual consumption of rice per person is likely to reach 59.6 kilograms this year, compared with 61.9 kg a year earlier, according [...]

Livestock, Agricultural Production Plummet with Anti-Corruption Law

Livestock, Agricultural Production Plummet with Anti-Corruption Law

SEOUL, Feb. 23 (Korea Bizwire) – A recent report from the Korea Rural Economic Institute estimated that South Korea’s anti-corruption law will cause a drop in agricultural and livestock production of over 300 billion won ($263.76 million) this year, as the legislation forbids millions of journalists, public officials and educators from receiving gifts worth more [...]

“Health Insurance” Policy for Korean Cattle Introduced Following Outbreak of Foot-and-Mouth Disease

“Health Insurance” Policy for Korean Cattle Introduced Following Outbreak of Foot-and-Mouth Disease

SEOUL, Feb. 20 (Korea Bizwire) – Following criticism of recurrent foot-and-mouth disease outbreaks in South Korea, the Ministry of Agriculture, Food and Rural Affairs announced Sunday that it will introduce a pilot project for a mutual aid system that will function much like a health insurance policy for cattle.   The “premiums” will be split fifty-fifty [...]