[2021 Public Institution Awards] Korea Rural Community Corporation Fosters 4,000 Young Farmers Annually... Establishing Settlement Foundations

Korea Rural Community Corporation, Minister of Agriculture, Food and Rural Affairs Award

[Sejong=Asia Economy Reporter Moon Chaeseok] Korea Rural Community Corporation has nurtured 4,000 young farmers annually through its Farmland Bank project and provided them with farmland leases at low interest rates to establish a foundation for settling in rural areas. In recognition of these achievements, it received the Minister of Agriculture, Food and Rural Affairs Award at the '2021 Asia Economy ESG Public Institution Awards.'

In line with the government's Korean New Deal policy, the corporation established the 'KRC New Deal Strategy' and built four Smart Farm Innovation Valleys. It expanded the automation of agricultural water management, achieving an automation rate of 71%, surpassing the target of 65.5%. Despite the spread of COVID-19, it developed non-face-to-face experience kits for visitors to rural experience villages and supported 80% of the purchase costs, assisting 174 village enterprises and others. As a result, these enterprises generated income of 1.4 billion KRW.

The corporation also actively participated in social contribution activities. Employees raised 130 million KRW annually to donate to farming households, and over 1,500 people participated in volunteer activities, supporting the repair of 914 aging houses. It operated 30 social farms providing care, education, and employment, delivering welfare services to rural areas lacking social safety nets. Since 2011, it has implemented a rural study program, offering over 2,000 urban children learning experiences in rural independent living.

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