South Korea: Acceptance of FTA direct payment applications for livestock farms in Gangwon-do

[Livestock News Reporter Hong Seok-ju] Gangwon Special Self-Governing Province will accept applications for direct payment support for damages from the 2024 Free Trade Agreement (FTA) by the 9th of next month for Korean beef farms in the province. The 'Direct Damage Compensation Payment System' is a system that compensates for some of the damage to items that have experienced a price drop due to a rapid increase in imports due to the implementation of the Free Trade Agreement. On June 26, the Ministry of Agriculture, Food and Rural Affairs announced that FTA damage compensation direct payments will be supported in 2024. Four items were finally selected, including Korean beef, beef cattle, Korean beef calves, and mung beans. Those eligible for direct payment are farmers who have been engaged in the production of Korean beef, beef cattle, and Korean beef calves before the effective date of the Korea-Canada FTA agreement (January 1, 2015), and those who directly produce and sell ...