South Korea: Imported agricultural products should be eradicated at low prices, said Hannong-yeon

Published 2022년 5월 9일

Tridge summary

South Korean farmers' groups have called on the government to take action against the practice of reporting low prices for imported agricultural products. The Korea Federation of Agricultural Entrepreneurs and the Hannong-yeon group have demanded a expansion of the items subject to investigation and the implementation of a pre-tax assessment system. They are also pushing for a full investigation into the reporting of low prices for other imported goods following the example of dried onions and ginger, which were imported at prices similar to fresh produce despite higher processing costs. The groups are concerned that this could lead to market disturbance and damage to the domestic agricultural industry.

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Original content

Farmers' groups have demanded the government to take comprehensive measures to eradicate the practice of reporting the prices of imported agricultural products at low prices. The Korea Federation of Agricultural Entrepreneurs (Chairman Lee Hak-gu) issued a statement on the 4th that it should greatly expand the items subject to a full investigation on the low-priced declaration of imported agricultural products and the prior tax assessment system. Hannong-yeon said, “According to recent media reports, it is known that domestic importers report the price of dried onion at a similar level to that of fresh onion. Considering the processing cost, such as electricity cost, there is inevitably a price difference.” He pointed out, "Importers ignore this fact and report lower prices. In particular, the dried ginger importer, which was a problem last year, is importing dried onion, and I even doubt whether the Customs Service is actually condoning it." Hannong-yeon demanded that a ...

Source: Nongmin