Global Trade Alert
Global Trade Alert

Republic of Korea: Increase in 2024 budget for agricultural direct payment system

Announcement

17 Jan 2024

In January 2024, the South Korean government announced a KRW 300 billion increase in the 2024 budget for the agricultural direct payment system.

Source

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Number of interventions

2

2 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

17 Jan 2024

Revocation date:

31 Dec 2024

Announced: 17 Jan 2024
Production subsidy
On 17 January 2024, the South Korean government announced a KRW 300 billion increase in the 2024 budget for the agricultural direct payment system. With this, the system's budget was increased from KR...
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Announced: 17 Jan 2024
Financial grant
On 17 January 2024, the South Korean government announced a KRW 300 billion increase in the 2024 budget for the agricultural direct payment system. With this, the system's budget was increased from KR...
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