SEOUL – South Korea has announced a significant expansion of its official development assistance (ODA) program in the agricultural sector, aiming to reach 50 countries by 2029. This initiative, revealed by the Ministry of Agriculture, Food and Rural Affairs on Tuesday, is designed to boost global food security while simultaneously strengthening the international competitiveness of Korea's agri-food industry.
The expansion is a key component of the government's five-year plan to bolster international agricultural cooperation. The ODA programs will provide food assistance and comprehensive support to foster agricultural development in recipient nations.
A flagship project within this strategy is the "K-Ricebelt" initiative, launched in 2023. This program focuses on exporting Korean rice varieties, production technologies, and farming expertise to developing countries to enhance their food security. Currently, seven African nations, including Senegal, Ghana, and Kenya, are participating in the K-Ricebelt initiative, with agreements in place for seven more African countries to join.
Beyond the K-Ricebelt, the ministry is committed to establishing at least 10 collaborative models. These models will foster partnerships between the government, businesses, international organizations, and NGOs, facilitating the entry of Korean agricultural companies into the global market.
"This comprehensive plan is significant as it's a win-win strategy," stated Agriculture Minister Song Mi-ryung. "It reflects on the accomplishments of Korea's agricultural ODA programs over the past 20 years while simultaneously supporting the growth of the agricultural sector in partner countries and the overseas expansion of Korean companies." The ministry emphasized the dual benefit of the program, promoting sustainable development abroad while creating opportunities for Korean businesses on the world stage.
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