"South Korea Agribusiness Report Q2 2012" Now Available at Fast Market Research
We believe that the implementation of the Korea-US free trade agreement in March 2012 will be the final nail in the coffin for South Korea's agriculture sector. The government has pledged KRW24.1trn (US$20.8bn) to provide fiscal support for domestic fishing and agricultural households until 2017; however, we believe this will be a short-term band-aid. More likely, these communities will largely be unable to respond to more competitively priced agriculture products such as meat and grains. We expect consolidation of the...
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