On February 9, the Ministry of Agriculture, Food, and Rural Affairs released a mid- and long-term blueprint to ensure the stabilization of rice supply-demand situation for 2017. Under the plan, the ministry revised its target for reduction of rice growing area upward from 30,000 hectares to 35,000 hectares.
The ministry will set the rice cultivation area reduction target for each municipal government and provide incentives depending on their performance.
With this initiative, the nation's rice crop growing area which stood at 779,000 hectares last year would likely to be reduced to 744,000 hectares this year and 711,000 hectares next.
In addition, the government plans to provide rice aid of about 1,000 tons to underdeveloped countries through the ASEAN+Three Emergency Rice Reserve (APTERR) within the first half of this year.
South Korea’s Government Employees Pension Service (GEPS) will select two global private debt fund managers employing opportunistic strategies to invest up to $160 million in a range of debts and fixed-income securities, according to the pension fund. GEPS will commit&hellip
About 300 firms from 20 countries, including the United States and China, will take part in the Cityscape Korea 2017, set for August 17 to 19, 2017 in Seoul, where 400-plus new real estate projects will be on display. Under&hellip
Hyundai Marine & Fire Insurance Co. Ltd., South Korea’s second-largest non-life insurer by assets, is considering investing in one or two additional buyout funds this year after committing $90 million to two overseas buyout funds, and it is studying makig co-investments in overseas companies around&hellip