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.
The Military Mutual Aid Association, the Employment Insurance Fund and an unidentified South Korean institutional investor have committed a total of $110 million to LaSalle Investment Management’s 804 million-pound ($1 billion) debt fund focusing on the UK and western Europe.&hellip
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip
The Public Officials Benefit Association (POBA) will select two to three US private debt fund houses to make senior secured, direct lending of around $150 million to US mid-market companies with sales of $50 million to $1 billion. The amount&hellip