Minister of Agriculture, Food and Rural Affairs: "Ginseng Export Conditions Greatly Worsened... Prompt Measures to Be Taken"

Minister Kim Hyun-soo Holds On-site Meeting with Export Industry
Review of COVID-19 Measures, Listening to Field Difficulties, and Discussing Additional Measures

[Asia Economy Reporter Kim Hyun-jung] On the afternoon of the 12th, Kim Hyun-soo, Minister of Agriculture, Food and Rural Affairs, visited Daedong Goryeo Sam, a ginseng export company located in Geumsan-si, Chungnam, to check the progress of the government's export support measures in response to COVID-19 and to listen to the difficulties faced on site.

Minister Kim held an on-site meeting with major ginseng export companies including Daedong Goryeo Sam, 'Hansamin' Nonghyup Red Ginseng, Wooshin Industry, and Guan Industry, which is the chairman company of the Ginseng Export Council. At the meeting, he stated, "Due to the impact of COVID-19, the export conditions for ginseng, which has a large export share in the Greater China region, have significantly deteriorated," and emphasized, "The export measures established by the government last month will be promptly implemented to resolve difficulties on site in a timely manner."

Choi Seong-geun, CEO of Daedong Goryeo Sam, said on site, "At a time when interest in immunity is high like now, it is important to widely promote the efficacy of ginseng," and suggested sharing government-level research results on the functionality of ginseng and expanding overseas promotion.

In addition, among the attendees, there were complaints about the great difficulties in market development such as exhibitions due to COVID-19, along with requests to open non-face-to-face communication channels such as strengthening online consultation meetings and online promotions.

The Ministry of Agriculture, Food and Rural Affairs plans to resolve short-term issues and restore the momentum of agricultural and food exports early by securing an additional total of 26.67 billion KRW on the 2nd, including 20 billion KRW for business stabilization funds, 3.39 billion KRW for logistics support, and 3.28 billion KRW for urgent online and offline promotion support, and will execute these funds.

Minister Kim emphasized, "We are well aware of the difficult situation faced by our economy, especially export companies, due to the spread of COVID-19, and we are focusing our policy capabilities on preparing measures that can be felt on site," adding, "We will closely monitor the impact on exports and take all possible measures if additional measures are needed."

This content was produced with the assistance of AI translation services.