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South Korean government ministry overseeing agriculture, food, and rural affairs policy, including farm subsidies, land use, and trade impact assessments.
Seoul will exempt inherited land and plots entrusted by elderly farmers from forced sale, five months after launching its crackdown on non-farming owners. The relief still needs a special act, so for now it is a ministry promise to owners its own survey found in breach.
Reality
South Korea will halve pulse purchases to 30,000 tons next year and cut wheat buying to 20,000 tons after urging farmers to grow both instead of rice. Farmers who left rice on Seoul's advice, and bought equipment to do it, now need other buyers for more of their harvest.
Reality
Korea Rural Community Corporation says it could owe 1.3 trillion won in fines if assigned 1 gigawatt of renewables a year and it builds none. The estimate lands as the agriculture ministry fights to keep a farm-water agency out of Korea's renewable quota.
Reality
Seoul estimates joining CPTPP would lift GDP 0.38 point after a decade while cutting farm, forestry and fisheries output 852.3 billion won a year. Manufacturers collect the gain and farmers carry 83% of the loss, on two figures measured in different ways.
Reality
The amended Farmland Act obliges owners who do not personally farm to dispose of their land, and with prices already falling on fears of enforcement fines, the government and ruling party set a consultation for the 21st to discuss easing both.
Reality
The government's second feasibility study lifts the projected annual farm loss 59 per cent above its 2022 number, which is the figure the farming sector will now negotiate against before any accession bid can open.
Reality
The market is now within reach of its IMF-crisis low, and intake per remaining drinker is still falling. Read the alcohol-free launches as defence of a shrinking base, not growth.
Reality