South Korea: Promote raising KRW 7 billion in self-help funds to stabilize supply and demand of winter vegetables

Published 2024년 2월 18일

Tridge summary

Jeju Special Self-Governing Province in South Korea is establishing a 7 billion won fund to support winter vegetable self-support groups. The fund, raised by producer associations and matched by producer organizations, aims to stabilize supply and demand. It will be used for various projects including supply and demand control, sales promotion, product development, and research services, focusing on winter vegetables such as radishes, carrots, cabbage, and broccoli.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jeju Special Self-Governing Province announced on the 18th that it will create a Jeju-style self-support fund worth 7 billion won for winter vegetable self-support groups this year to stabilize the supply and demand of winter vegetable crops led by producers. The Jeju-type self-support fund is a fund raised by producer associations for each agricultural product to be used to promote common interests and stabilize supply and demand. Jeju Island plans to provide the same amount through one-to-one matching as the amount raised by producer organizations such as self-support member farmers and agricultural cooperatives. The self-support funds raised are used by self-support organizations to autonomously carry out supply and demand stabilization projects such as supply and demand control, sales promotion, product development, and research services. This year's self-support fund raising plan for each item group is a total of 7 billion won, including ▲ winter radish ▲ carrots ▲ cabbage ▲ ...
Source: JejuIlbo

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