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Innovation, Agricultural Productivity and Sustainability in Korea

image of Innovation, Agricultural Productivity and Sustainability in Korea

Agriculture in Korea is under increasing pressure to meet changing domestic demand, improve its productivity to keep up with the country's competitive manufacturing sector, and become more competitive at the international level. To date, the government has offered extensive support to farm income via price support, direct payments, preferential tax treatment, and reduced input prices. However, a more comprehensive policy approach is required to address the low-income problem in agriculture, and a more comprehensive rural development policy is also required to create employment opportunities for the younger generation.

Korea should explore its potential to export niche agricultural products and processed food that reflect its rich and unique food culture. To unleash the sector’s potential, agricultural policy should focus on improving the productivity and sustainability of commercial enterprises and develop the food processing sector. The country's agricultural innovation system should become more integrated and collaborative, benefiting from its strong competitive advantage in Information and Communication Technology (ICT).

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Agricultural innovation system in Korea

This chapter describes the agricultural innovation system in Korea and outlines the recent changes it has undergone. It first provides an overview of the general innovation system; presents agricultural innovation actors and their roles in the system; outlines changes in roles and themes of R&D; and presents the main policy instruments and monitoring efforts. It then reviews the main trends in public and private investments in R&D, the funding mechanism and the means used to foster knowledge markets and networks. This is followed by an overview of policy incentives for the adoption of agriculture innovation, with an emphasis on the role of training and advisory services at farm level.

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