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Innovation, Agricultural Productivity and Sustainability in Korea

In series:OECD Food and Agricultural Reviewsview more titles

Published on December 05, 2018

Also available in: Korean

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Agriculture in Korea is under increasing pressure to meet changing domestic demand, improve its productivity to keep up with the country's competitive manufacturing sector, and become more competitive at the international level. To date, the government has offered extensive support to farm income via price support, direct payments, preferential tax treatment, and reduced input prices. However, a more comprehensive policy approach is required to address the low-income problem in agriculture, and a more comprehensive rural development policy is also required to create employment opportunities for the younger generation.Korea should explore its potential to export niche agricultural products and processed food that reflect its rich and unique food culture. To unleash the sector’s potential, agricultural policy should focus on improving the productivity and sustainability of commercial enterprises and develop the food processing sector. The country's agricultural innovation system should become more integrated and collaborative, benefiting from its strong competitive advantage in Information and Communication Technology (ICT).

TABLE OF CONTENTS

Foreword
Acronyms
Executive summary
Assessment and recommendations
Overview of the food and agriculture situation in Korea
Economic and institutional environment in Korea
Capacity building and public services in Korea
Agricultural policy in Korea
Agricultural innovation system in Korea
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