The urgent need to diversify forest products accident insurance items in South Korea

Published 2021년 10월 12일

Tridge summary

The National Assembly Legislative Investigation Office is advocating for the introduction of forest product accident insurance, as currently, only seven forest products are covered by the existing forest product disaster insurance. This is in contrast to agricultural products and aquaculture, which have more items covered by accident insurance. Rep. Seo Sam-seok emphasized the urgency of this introduction due to the economic damage caused by natural disasters in the forestry sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

(Muan = Yonhap News) Reporter Jo Geun-young = The National Assembly Legislative Investigation Office is drawing attention by taking a position that it is necessary to introduce forest product accident insurance. Currently, 60 items are applied to agricultural products, whereas only 7 items are covered by forest product disaster insurance. Seo Sam-seok (Yeongam, Muan, and Sinan), a member of the National Assembly's Agriculture, Forestry, Livestock Food, Marine and Fisheries Committee, pointed out at the National Forest Service audit on the 12th, "It is urgent to introduce forest product disaster insurance so that foresters can stably conduct forestry." According to the 'Necessity of Introduction and Expansion of Forest Product Disaster Insurance' submitted by the Korea Forest Service, the importance of conservation and maintenance of public functions such as carbon absorption is increasing, but forest products (trees) are in a blind spot in responding to disasters. In the event of ...
Source: Yna

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