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Act on Fostering and Supporting Agricultural and Fisheries Enterprises.
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Countries: Korea, Republic of
Regions: Asia;North Pacific;North-West Pacific;East Asian Seas;Eastern Asia;ASIA AND THE PACIFIC
Date of original Text: 01/04/2009
Date of Consolidation: 06/01/2015
Implemented by: LEX-FAOC166965 Act on Support in Activities of Farmers for Nonfarm Income. 27/12/2016
Related Web Site: www.klri.re.kr
Type of Text: Legislation
Abstract: This Act aims at fostering competitive agricultural and fisheries enterprises and implementing a direct payment system for stabilizing income of agricultural enterprises in order to contribute to the stable supply of safe agricultural and fishery products and food to citizens, and to the stability of societies in agricultural and fishing villages.Agricultural and fisheries enterprises, in order to have financial support shall register information regarding business management of agriculture and fisheries.The Act provides for the training of next-generation human resources for agriculture and fisheries and for the improvement of economies in scale in business management.The Act provides for the establishment of agricultural and fisheries associations and of agricultural and fisheries companies. It shall also establish and implement a plan for providing support to agricultural and fisheries enterprises.
Comment: Consolidated version of Act No. 9620 of 1 April 2009, as amended last by Act No. 12961 of 6 January 2015.
Main subjects: Agriculture
Main subjects: Fisheries