[afl Interview] Min Kyung-cheon, Chairman of the National Hanwoo Association

Published 2025년 11월 6일

Tridge summary

"The extension of the deadline for the FTA Damage Compensation Direct Payment System and the increase in the amount of support should potentially alleviate the uncertainty in farm management. 'With the conclusion of the Free Trade Agreement (FTA) with advanced livestock countries, Hanwoo farmers have suffered an average annual loss of nearly 200 billion won. If U.S. imported beef is duty-free next year, the income reduction for Hanwoo farmers is estimated to exceed 400 billion won. Furthermore, in 2028, Australian imported beef will enter duty-free. Although greater damages are anticipated, the compensation for the farmers is minimal.'" Representative Seo Cheon-ho (People Power Party, Sacheon-Namhae-Hadong) last September proposed a bill that mainly aims to extend the deadline for the FTA Damage Compensation Direct Payment System by 10 years.

Original content

Hanwoo farmers should not become the victims of the trade war Extension of the sunset clause of the FTA Compensation Direct Payment Act and increase in the amount of support To mitigate the uncertainty of farm management "With the conclusion of the Free Trade Agreement (FTA) with advanced livestock countries, Hanwoo farmers have suffered an average of nearly 200 billion won in damages annually. It is estimated that the income reduction of Hanwoo farmers will exceed 400 billion won next year when U.S. imported beef becomes duty-free. Furthermore, in 2028, Australian imported beef will also become duty-free. Although more significant damages are expected, compensation for the farmers is minimal." Representative Seocheonho (People Power Party, Sacheon-Namhae-Hadong) introduced a revision to the Special Act on Support for Farmers and Fishermen Affected by the Conclusion of Free Trade Agreements last September, which includes extending the sunset clause of the FTA Compensation Direct ...

Source: Aflnews