Korea

In Land Grab, Food Is Not the Only Consideration

Governments in developing countries should exercise caution when granting land concessions to foreign governments and corporations. Despite the short-term investments, most – if not all – of the production will be exported, making the long-term food security situation even worse in these host countries.

Terra Madre communities protest against land lease

‘The small farmers cannot do anything in the face of this giant. We can only cry over the loss of our ancestor’s land, that we have tried to preserve as best as possible,’ says Rindra Andriambola, co-ordinator of the Andasibe red rice Slow Food praesidium.

Madagascar, la braderie de l’île

Depuis les émeutes qui ont fait plus de 110 morts fin janvier dans la Grande Ile, l’immeuble est gardé par une escouade de gendarmes et d’agents de sécurité. Nous sommes à Ivandry, dans le quartier d’affaires d’Antananarivo.

Daewoo's African Dream

"We can't eat semiconductors or auto parts." When Richard Shin of Daewoo Logistics told me this during an interview last week, it hit me hard. Shin is the manager of the Korean firm's $6 billion project to carve a 1.3 million hectare farm out of Madagascar, a formal French colony.

Location de terres : Daewoo Logistics se dit prêt à patienter

« Nous sommes toujours désireux d’investir là-bas. (…) Nous avons fait tout ce qui était prévu dans les textes, mais le gouvernement de Madagascar n’a pas pu procéder aux actes nécessaires pour nous permettre de continuer. (…) Nous attendons une réponse pour passer à l’étape suivante. »

SKorean firm may delay Madagascar farm project

A South Korean company said Thursday it may delay a controversial project to develop a huge area of Madagascar for farmland due to political unrest in the Indian Ocean nation."We may have to delay our investment in Madagascar mainly due to political instability there," Shin Dong-Hyun, managing director of the financing and strategic planning department of Daewoo Logistics, told AFP.

Daewoo weighs risk in Madagascar

Daewoo Logistics Corp. expressed wariness yesterday over growing political unrest in Madagascar and hoped that the situation would not affect a massive farm project it is pushing in the Indian Ocean nation. “It may be a bit of a dangerous investment,” Shin Dong-hyun, a Daewoo Logistics official, told Yonhap News Agency, commenting on spreading anti-government protests in Madagascar.

Daewoo pourrait renoncer à son projet

Le groupe sud-coréen Daewoo Logistics pourrait renoncer à son projet de plantation de maïs et de palmiers à huile à Madagascar. L'information a été annoncée au cours d’une conférence de presse donnée mardi par la compagnie à son siège à Séoul, capitale de la Corée du Sud.

Daewoo says may delay Madagascar corn planting plan

South Korea's Daewoo Logistics said on Tuesday it might delay its massive corn plantation plan in Madagascar due to political instability and weak commodity prices, a move that could signal the first withdrawal of major foreign investment from the Indian Ocean island nation.