KGC Insamgongsa Implements Emergency Purchase to Support Ginseng Farmers Affected by Heavy Rainfall

[Asia Economy Reporter Eunmo Koo] KGC Ginseng Corporation announced on the 21st that it will advance the ginseng harvest period and proceed with emergency purchases to support ginseng contract farming households affected by heavy rain damage.

KGC Ginseng Corporation plans to minimize farmers' losses by making early purchases of ginseng mainly in Gangwon regions such as Wonju and Cheorwon, and Gyeonggi regions such as Gimpo and Yeoju, where concentrated heavy rain exceeding 300mm caused damage to ginseng shading facilities and flooding of ginseng fields. When ginseng field facilities collapse or flood due to heavy rain like this, the marketability of ginseng may deteriorate, so early harvesting is necessary to minimize damage to ginseng farmers and to harvest high-quality ginseng.

In this regard, KGC Ginseng Corporation conducted safety inspections until the 16th and will start harvesting and purchasing 6-year-old ginseng from the 23rd for ginseng fields that passed the final safety inspection. In addition to emergency purchases, since the 19th, KGC Ginseng Corporation employees have been dispatched to flood-damaged farms in the Yeoju area of Gyeonggi Province to support restoration such as removing shading structures, and delivered Jeonggwanjang products to all contracted farms affected by this heavy rain damage.

Lee Jong-rim, Head of Raw Materials Division at KGC Ginseng Corporation, said, “We decided to make early purchases to help ginseng farmers who suffered damage from sudden heavy rain just before harvest after investing up to eight years of long time,” and added, “We aim to minimize damage and protect contracted farmers by conducting emergency purchases for affected farms.”

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