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Producer Prices Rise 0.1 Pct in Dec. on Higher Agriculture Goods, Gas Costs

Producer Prices Rise 0.1 Pct in Dec. on Higher Agriculture Goods, Gas Costs

SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s producer prices moved up 0.1 percent on-month in December due to the higher cost of agricultural products and gas, the central bank said Tuesday. The producer price index, a major barometer of consumer inflation, came to 121.19 last month, up from 121.02 tallied in November, according to [...]

S. Korea Eyes Closer Ties with Africa in Agriculture, Bio, Climate Change

S. Korea Eyes Closer Ties with Africa in Agriculture, Bio, Climate Change

SEOUL, Sept. 13 (Korea Bizwire) — South Korea seeks to expand ties with Africa in key areas, such as agriculture, biohealth and climate change, to strengthen a mutually beneficial partnership with the continent, the finance ministry said Wednesday. Finance Minister Choo Kyung-ho made the remark during the opening speech of the seventh Korea-Africa Economic Cooperation [...]

Grassland Area in Korea Continues to Decrease, Jeju Island Hit the Hardest

Grassland Area in Korea Continues to Decrease, Jeju Island Hit the Hardest

SEOUL, March 13 (Korea Bizwire) —According to recent findings, the grassland area in Korea, which serves as a representative carbon sink in the agricultural sector, is steadily decreasing. As of 2022, the national grassland area had declined to 32,124 hectares, a decrease of 376 hectares from 2021, slightly larger than Seoul’s financial hub of Yeouido [...]

Employment in Agriculture, Fishery Sectors Up Due to Economic Slump from Pandemic

Employment in Agriculture, Fishery Sectors Up Due to Economic Slump from Pandemic

SEOUL, Dec. 20 (Korea Bizwire) — The number of persons employed in the agriculture, forestry and fishery sectors has increased due to the economic hardships caused by the COVID-19 pandemic, a report showed Sunday. The monthly average number of people employed in the agriculture, forestry and fishery sectors totaled 1.45 million last year, up 50,000 [...]

S. Jeolla Province Reveals Plans for High-tech Agriculture Complex

S. Jeolla Province Reveals Plans for High-tech Agriculture Complex

NAJU, Feb. 20 (Korea Bizwire) — A new industrial complex for agriculture production systems will be established in Naju, South Jeolla Province, to prepare for a new generation of smart farming technologies. The Korea Rural Community Corp. (KRCC) signed a memorandum of understanding with Jeonnam Agricultural Research and Extension Services and Chonnam National University (CNU) [...]

Agricultural Stocks Surges on Jim Rogers Comments

Agricultural Stocks Surges on Jim Rogers Comments

SEOUL, Jan. 25 (Korea Bizwire) — Agriculture-related stocks rallied on Thursday as famous American businessman and legendary investor Jim Rogers mentioned agriculture as an area of interest. On the same day, shares of ASIA SEED Co., which produces seeds such as cabbage and sweet pumpkin, soared 29.92 percent to closed at 9,770 won. Jim Rogers [...]

Japanese Curlers Spark Row with Praise for Korean Strawberries

Japanese Curlers Spark Row with Praise for Korean Strawberries

SEOUL, Mar. 8 (Korea Bizwire) — South Korean strawberries have sparked a debate after garnering praise from Japanese curlers over their tastiness. Once overshadowed by varieties from Japan, Korean strawberries now dominate both the South Korean and Asian fruit markets, bringing in millions of dollars in exports. South Korean strawberries now account for over 93 percent [...]

Government Looks to Farming Startups to Boost Agriculture Industry

Government Looks to Farming Startups to Boost Agriculture Industry

SEOUL, Feb. 20 (Korea Bizwire) — The South Korean government has announced plans to set up an agricultural fund to support promising agriculture startups. Management plans for a new agricultural ‘fund of funds’ were unveiled by the Ministry of Agriculture, Food and Rural Affairs on Monday, which will be used to finance companies that invest in [...]