South Korea: Support for logistics cost for shipment of Jeju-produced agricultural products

Published Feb 19, 2024

Tridge summary

Jeju Special Self-Governing Province is offering to cover 50% of sea transportation costs for six major agricultural products, including winter radishes, cabbage, broccoli, carrots, onions, and tangerines, when shipped outside the province. Full support is provided for farms participating in the self-support fund, while non-subscribing farms receive 50% support. To qualify, applicants must have invested over 100 million won, have been in operation for over a year, and have no local tax arrears.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Logistics cost support is provided for Jeju agricultural products shipped to regions other than Jeju Island. Jeju Special Self-Governing Province announced that it will accept applications for logistics cost support for major agricultural products from Jeju until the 23rd in order to reduce the burden of maritime transportation costs on farmers when shipping Jeju agricultural products outside the province. This project provides support for 50% of sea transportation costs for six major items, including winter radishes, cabbage, broccoli, carrots, onions, and tangerines, for which the monthly Garak Market average price has fallen below the break-even point. The first application items are three items: winter radish, cabbage, and broccoli, and the items shipped to wholesale markets nationwide through local agricultural cooperatives and agricultural cooperative corporations from November of last year to last month are eligible. For the second round, applications will be accepted in ...

Source: Agrinet