Gyeonggi-do Sets Non-Farm Income Limit at 25 Million Won... 9.6 Billion Won Invested in 20 Projects Next Year

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province aims to increase the non-farm income of farms within the province to 25 million won by 2025. To achieve this, the province plans to expand the use of domestically produced agricultural products by food companies in Gyeonggi Province from the current level of 52% to 59.1%.

The province has established the "Gyeonggi Province Food Industry Basic Plan (2021?2025)" containing these details.

First, to create a business-friendly environment in the traditional liquor industry sector, the province will pursue improvements in the tax system. Traditional liquor companies located in the metropolitan area are currently excluded from income tax exemptions. Accordingly, the province will propose revisions to the "Enforcement Decree of the Income Tax Act" to the government and will pilot support programs including consulting for improving traditional liquor quality, as well as support for packaging materials, delivery costs, and the installation of cafe-style sales outlets.

The province will also expedite the development and branding of processed rice products. It will provide loans for product development and production facility improvements to companies producing rice processed products.

Additionally, to secure sales channels for napa cabbage produced in the province, the province will support the spread of kimchi-making culture and improvements to farmers' salted cabbage facilities. A pilot project for the development and distribution of kimchi starter cultures will also be promoted to improve kimchi quality.

Furthermore, to foster farm food processing businesses, the province plans to support the development and startup of agricultural food products using local agricultural products and ensure the standardization of processing technologies.

The province will invest a total of 9.6 billion won in 20 projects next year.

Hwang In-soon, Director of the Agricultural Food Distribution Division of the province, emphasized, "The food industry is closely related to agriculture and plays a role in providing stable sales channels amid weakening agricultural product consumption bases. We expect that the newly established 'Gyeonggi Province Food Industry Basic Plan' will play an important role in ensuring the sustainability of agriculture in Gyeonggi Province."

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