[Letters] Toward high value-added agricultural industry

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[Letters] Toward high value-added agricultural industry

The Korea-U.S. FTA is expected to decrease Korea’s agricultural production by 10.5 trillion won ($ 9.7 billion). As for the agreement between Korea and the EU, it will continue to diminish our production for 15 years until it is down by 317 billion won.

But the Korean agricultural industry can turn the misfortune into a blessing. Last July, the government released “the strategy to foster smaller enterprises that fuses agricultural, manufacturing and commerce industries” that will aid both the smaller enterprises and agricultural and fishing industry.

In carrying out the strategy, the government will start by selecting 300 smaller companies in agro-food industries. Then, it will raise the chosen companies into globally competitive enterprises by providing them with financial assistance, investing in research and development, lifting regulations etc.

To take a glimpse of the high value-added agricultural industry of the future, you can visit an expo being held at Seoul Coex Exhibition halls until Thursday. The expo will also identify the status quo of Korean industries that tries to fuse agricultural, manufacturing and commerce industries by examining their technologies in areas of breeding, agro-food and etc. We must remember that to fuse means to transcend the limits of each by blending them well.

By Jeon Un-seong, of the Agricultural technology Commercialization and Transfer
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