thekoreanlawblog.com
Agricultural Business Opportunities in Korea: USD 2 Billion Fund to be Established
The Korean Ministry of Agriculture, Food & Rural Affairs has proposed establishing a nearly USD 2 billion fund for improving, among other things, farming productivity in Korea. The fund is intended to lead to the doubling of Korea’s agricultural product exports. The proposal was made in a government meeting chaired by Korea’s president, thus, indicating that the plan has significant weight behind it. When these funds are in the works, Korean companies, often, are eager to partner with foreign technology companies in order to garner the necessity licenses and know how to bid on projects. Opportunities abound in agricultural tech