Skip to content

Ministry of Agriculture, Food and Rural Affairs

South Korean government ministry overseeing agriculture, food policy, rural development, and farmland regulation nationwide.

Known aliases

  • Korean agriculture ministry

Current stories

investOne report1 publisher

Share of Korean restaurants averaging under 10,000 won a customer falls to 20.1%

South Korea's agriculture ministry survey found 20.1% of general restaurants averaged under 10,000 won per customer in 2025, down from 23.4%. Average operating margin slipped to 8.8% from 9.1%, while GS25 ready-meal and McDonald's Korea sales grew at double-digit rates.

Publishers:en.sedaily.com

Reality

Evidence72
Adoption
Not scored
Hype gap+15
Incentives35
Confidence70
investOne report1 publisher

Nine conglomerate caterers feeding Korea's military gave a farm fund 9.5 million won in eight years

Eight of nine conglomerate caterers feeding South Korea's military never gave to the farm and fishery fund, ministry data shows. Rep. Suh Sam-suk, who released the data, wants donations counted when these defense-funded contracts are awarded.

Publishers:en.sedaily.com

Reality

Evidence45
Adoption
Not scored
Hype gap+15
Incentives60
Confidence50
investOne report1 publisher

Korea loses 1,894 beer pubs in a year as alcohol shipments sink to a 27-year low

South Korea had 19,507 beer pubs in August, 8.9% fewer than a year earlier, National Tax Service data show. Makers earned about 1.7% more per litre last year as shipments hit a 27-year low, so Koreans' retreat from drinking is costing venues more than brewers.

Publishers:en.sedaily.com

Reality

Evidence70
Adoption
Not scored
Hype gap+15
Incentives45
Confidence65
investOne report1 publisher

Song Ok-joo's bill would enlist nonprofits as buyers in Korea's falling farmland market

Rep. Song Ok-joo plans a bill letting designated nonprofits buy and lease Korean farmland after prices fell 34.3% and trading halved since 2021. Buying all the land flagged in July's survey would cost about 93 times this year's Farmland Bank budget.

Publishers:en.sedaily.com

Reality

Evidence60
Adoption
Not scored
Hype gap+10
Incentives55
Confidence58
investOne report1 publisher

Korea's SME minister promises an Onnuri voucher revamp within days

Lee So-young told merchants in Suwon that more voucher benefit should reach traditional markets, and that a plan is coming within days. Her ministry had weighed a 900 billion won cut to 2027 issuance.

Publishers:en.sedaily.com

Reality

Evidence58
Adoption
Not scored
Hype gap+20
Incentives72
Confidence52
investOne report1 publisher

Seoul gives owners of flagged farmland 55 days to file into the farmland bank

A nationwide survey flagged 2.84 million parcels as suspect. The agriculture ministry will now route the customary cases into farmland bank trusteeship, and a special measures act setting the terms is due by year-end.

Publishers:en.sedaily.com

Reality

Evidence58
Adoption
Not scored
Hype gap+10
Incentives65
Confidence55
investOne report1 publisher

A venture firm demanded 15 million won to guarantee acceptance into Korea's TIPS program

Korea's Anti-Corruption and Civil Rights Commission analysed 2,184 startup complaints filed over twelve months and found offers of paid access among the most common, with monthly volumes running 36.5% above the earlier pace.

Publishers:en.sedaily.com

Reality

Evidence58
Adoption
Not scored
Hype gap+20
Incentives55
Confidence55
investOne report1 publisher

Korea's unstaffed store count jumped 42.8% against a wage floor rising 3.4% a year

Labour cost sets the pressure and device payback sets the timing. A minimum wage compounding at about 3.4% a year has coincided with a 42.8% jump in stores with nobody in them. The available counts disagree by a third.

Publishers:en.sedaily.com

Reality

Evidence60
Adoption74
Hype gap+14
Incentives55
Confidence58
investOne report1 publisher

KEPCO's balance sheet, not chip demand, is now the thing scheduling Korea's fabs

Seoul will take cash equity in KEPCO for the first time since its 1989 listing, because a utility carrying 210.7 trillion won of debt cannot borrow fast enough to wire the fabs.

Publishers:en.sedaily.com

Reality

Evidence57
Adoption34
Hype gap+14
Incentives63
Confidence45