Republic of Korea: Government announces KRW 1.5 trillion Special Feed Purchase Fund to support Korean livestock farms

Announcement

30 May 2022

In May 2022, the Korean Ministry of Agriculture, Food and Rural Affairs announced a KRW 1.5 trillion production subsidy scheme to support Korean livestock farms faced with surging animal feed prices.

Source

Number of interventions

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Jun 2022

Revocation date:

31 Dec 2022

Updated: 30 May 2022

Loan guarantee

<p>On 30 May 2022, the Korean Ministry of Agriculture, Food and Rural Affairs launched a KRW 1.5 trillion (approx. USD 1.2 billion) subsidy scheme (the "special feed purchase fund&...

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