FBA Issue 16: September / October 2007
Showcasing Korea's agricultural technology
AFTER rising from the ashes of the Second World War and Korean War, South Korea propelled itself to the front of the world economic stage. The high cost of labour in a developed economy, the need to maintain food self sufficiency and a scarcity of arable land in South Korea prompted the agriculture industry to strive for ever greater degrees of efficiency in meat and grain production.
With the free trade agreement (FTA) between South Korea and the US bringing unprecedented competition to the agriculture sector, livestock producers and adjoining support industries such as equipment manufacturers and feed additive makers are gearing themselves up to stay competitive.
Moreover, the burgeoning growth of the meat production, consumption and processing industries in neighbouring countries like Indonesia, Thailand, Vietnam and China gives South Korean feed additive and equipment firms an opportunity to expand beyond their national borders.
Kistock 2007, to be held from September 12-14, 2007 in Daejeon, the country's fifth largest city, promises to showcase the best of what the country has to offer. It will feature 600 agricultural enterprises showcasing their products in over 10,000 square metres of exhibition space.
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