South Korea: Mandatory reporting of ginseng cultivation from the end of the year at the earliest

Published Jun 5, 2023

Tridge summary

The National Assembly of South Korea has passed the 'Ginseng Industry Act Amendment Bill' which mandates ginseng producers to report their cultivation by the end of the year. This move aims to improve the accuracy of ginseng production statistics, enhance the reliability of quality and safety, and facilitate the establishment of a supply and demand plan. The bill also unifies the receiver of cultivation reports from local government heads or unions to cooperatives. Industry experts believe that this will control ginseng supply and demand, stabilize prices, and increase transparency in distribution. However, challenges such as eradicating unreported cultivation and enhancing farmers' participation remain.

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Original content

The ‘Ginseng Industry Act Amendment Bill’ for the development of the domestic ginseng industry recently passed the plenary session of the National Assembly. Accordingly, it is mandatory for ginseng producers to report their cultivation. The government expects that the mandatory reporting of cultivation by ginseng producers will increase the accuracy of ginseng production statistics and improve the reliability of ginseng quality and safety. The meaning of the ginseng cultivation reporting system and future supplementary tasks will be discussed. ◆What will change = The core content of the revision of the Ginseng Industry Act is the mandatory reporting of ginseng cultivation. The current producer voluntary reporting method will become mandatory from the end of this year at the earliest, and a fine of 3 million won will be imposed for violations. However, if ginseng is cultivated for self-consumption, it is excluded from reporting. In addition, the subject receiving the cultivation ...

Source: Nongmin