Korea

INTRODUCTION Government budgets are divided into subsidies and loans in terms of project support schemes. In addition, they are also divided into central government and local government budgets, each of which has general and special accounting. The special account is a budget scheme that does...
Country: Korea Topic: Agricultural finance
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Submitted as a country report for the 26th East Asian Agriculture Organization Council (EAOC) Top Level Meeting on Sept. 28-30, 2016, Taipei, Taiwan (The content is posted in pdf file.  Please click pdf icon  above).
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INTRODUCTION Beginning with the FTA with Chile in 2002, Korea has signed 14 FTAs with 53 countries as of May 2016, and its proportion of FTA trade volume is expected to be over half the total trade volume. Some expect a large increase in regional exports if the FTAs are actively utilized, but...
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ABSTRACT The survey of 611 farmers was conducted to provide insights on Korea’s crop insurance. The types of major disasters that the respondents experienced consist of typhoons, heavy rainfall, pests and diseases, etc. They were informed of crop insurance through various sources, such as...
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ABSTRACT Crop insurance in South Korea has played an important role for stable farm management since 2001 with two crops, apple and pear, as an initial demonstration of insurance. It has been expanded to fifty crops as of 2016. As the number of crops which is covered by agricultural insurance is...
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