Korean Gov’t to Buy New Rice in Preemptive Measure to Curb Oversupply

SEOUL, Oct. 15 (Korea Bizwire) – The government has decided to intervene in South Korea’s rice market as it announced it would purchase up to 180,000 tons of rice to ensure a stable national supply, its first move since 2010. Growing worries that a bumper crop of rice and a decline in rice consumption may [...]