South Korea Unveils Agricultural Plan to Boost Rural Economies
Seoul, Friday, 15 August 2025.
The South Korean government commits 12 trillion won to fortify agriculture and fisheries, aiming to enhance K-Food exports, food security, and introduce basic income for rural growth.
Agricultural Advancements and Economic Impact
On Friday, 15 August 2025, the South Korean government, led by President Yoon Suk-yeol, revealed a comprehensive plan to boost its agricultural sector with a substantial budget allocation of 12 trillion won [1]. This initiative, set to roll out under the banner ‘Realizing Hope in Rural and Fishing Villages,’ aims to transform agriculture and fisheries into key strategic national industries. By strengthening the safety nets for incomes and disaster scenarios, the government seeks to ensure sustainable growth in rural areas [1].
Focus on K-Food Exports and Food Security
Central to the new agricultural policy is the expansion of K-Food exports, targeting a significant increase in the coming years. The government’s vision encompasses not just domestic stability in food security but also positions South Korea as a formidable competitor in the global food market. Enhancements in agricultural practices, alongside increased resource allocation, are intended to elevate both the quality and quantity of agricultural output [1].
Innovative Technological Integration
A notable component of this policy involves embracing and integrating innovative technologies like smart farming. This shift is crucial for reducing reliance on imported food products and enhancing the overall resilience of domestic agriculture against climatic changes. The Ministry of Agriculture, Food and Rural Affairs (MAFRA) of South Korea has been actively championing technological initiatives that support farmers in adopting modern, efficient methodologies [1].
Strategic Long-term Plans
The governmental plan outlines specific measures for long-term sustainability. These include structured support for infrastructure development, prioritizing eco-friendly agricultural products, and reinforcing community-based agricultural practices. South Korea aims to see a 20% increase in K-Food export value by 2027, which highlights the ambitious nature of its export strategies [2]. The policy also ensures financial backing for low-income farmers, aiming to stabilize and boost their livelihoods [2].