SEOUL, Dec. 28 (Korea Bizwire) — The government will buy 200,000 tons of locally produced rice this year to help stabilize the market price of the staple grain, the ruling party said Tuesday following a meeting with agriculture authorities. “Of the surplus amount of 270,000 tons of rice, the government will isolate 200,000 tons from [...]
SEOUL, Jan. 22 (Korea Bizwire) — Park Hye-seong, a 39-year-old mother of two, recently subscribed to a rice delivery service offered by a specialty shop featuring “premium rice” in pursuit of better tasting and healthier varieties, a decision that would have been unlikely before the coronavirus pandemic struck. “My children have taken online classes and [...]
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 [...]