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Direction of Development in Korean Food Industry

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  • Kim, Jaesoo

Abstract

The proportion of the food industry was 4.9 percent over GDP in 2000 in Korea, while that of the manufacturing industry was accounted for 15.7 percent. In this sense the development of food industry is important for both agricultural and manufacturing sectors in Korea. The development policy for food industry can be summarized as follows; 1) sanitary and safety for food need to be emphasized and improved for consumers, 2) regional processing industry for traditional Korean food should be stressed to increase demand for domestic agricultural porducts, 3) government role for development of food industry should be made to increase competition in food industry, not to regulate the industry, and 4) administrative reform within government should be made in terms of development and sanitary aspects.

Suggested Citation

  • Kim, Jaesoo, 2002. "Direction of Development in Korean Food Industry," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 25(3), October.
    • Handle: RePEc:ags:jordng:288154
    DOI: 10.22004/ag.econ.288154
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