Korea

Food security or economic slavery?

These arrangements are reminiscent of “banana republics” when many African countries served as plantations for European countries -- but even those did not come with such explicit restrictions and rigidities.

Food importers may increase overseas farm purchases

Food-importing nations from South Korea to Saudi Arabia may step up purchases or leases of overseas farmland to lock in supplies amid concern prices may again surge. “We’re going to see more of this, especially from countries that are quite dependent on imports,” Brady Sidwell, head of advisory at Rabobank Groep NV’s Northeast Asia Food & Agribusiness Research and Advisory Group, said in a Bloomberg Television interview broadcast today.

Solving threat of hunger for rich may starve the poor

The problem of food security poses a real threat to global stability. Meeting in Italy last weekend, agriculture ministers of the G8 industrialized countries recognized the extent of the problem. They pledged to continue fighting hunger. But beyond calling for increased public and private investment in agriculture, the final communiqué of the ministerial meeting was short on fresh proposals.

HyundaiHeavy’s land deal smells of politics

Hyundai Heavy Industries -- the world's biggest shipyard -- has bought a big tract of Russian farmland in one of the latest diversification moves by Korean firms. But here's a question: Have performance- and profit-obsessed Hyundai Vice Chairman Min Gye-sik and its CEO Choi Kil-seon voluntarily decided on the move or has the company's biggest stakeholder pushed for the plan?