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Korea - Second Agricultural Products Processing Project (English)

The proposed project would support investments in Korea's agro-processing subsector. Enterprises engaged in freezing and cold storage, canning, drying, pickling and other preservation of fruits, vegetables, meat and fisheries products, oil seed extract, processing of grain based food, raw silk spinning, and production of fruit juice based beverages, dairy products, and animal feeds would be the main subborrowers. The proposed project will benefit the farmers through widening their market opportunities, provide increased supplies, better quality and larger variety of processed foods throughout the year to consumers and assist in dampening the supply and price fluctuations of farm produce, reduce the wastage of such produce through spoilage and create about 5,000 additional jobs. It will also contribute to the institutional strengthening of AFDC.


  • Document Date


  • Document Type

    Memorandum & Recommendation of the President

  • Report Number


  • Volume No


  • Total Volume(s)


  • Country

    Korea, Republic of

  • Region

    East Asia and Pacific,

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  • Disclosure Status


  • Doc Name

    Korea - Second Agricultural Products Processing Project

  • Keywords

    access to international capital markets;high value crops;fruit and vegetable;current account deficit;Financial Management System;local competitive bidding;cold storage facility;higher technical education;foreign exchange risk;fishery development;external capital requirement;agricultural product processing;share of debt;evidence of payment;total external debt;concentration of population;water resource development;terms of trade;energy conservation measure;private sector enterprise;infrastructure and facilities;demand for import;weights and measure;domestic inflationary pressures;rate of inflation;increase in labor;availability of rice;civil works;invitation for bid;production and export;opening of bid;cost of vehicle;total agricultural production;standard of living;flow of investment;production of rice;price to consumer;increase in consumption;increase in income;capital output ratio;farm employment opportunities;pace of urbanization;per capita income;vegetable and fruit;price of capital;credit farmer;reduction of price;petroleum product price;average farm size;removal of barrier;direct cash payment;high growth rate;ratio of debt;asian bond market;engine of growth;education and health;domestic saving rate;Foreign Exchange Reserve;financial sector policy;international economic environment;debt service ratio;interest rate structure;capital market development;skilled labor force;Change in Leadership;private bank credit;processed food;agriculture sector;farm household;rural area;fishery product;livestock product;process plant;agricultural sector;investment need;fruit juice;long-term loan;market support;domestic consumption;consumer demand;government loan;total employment;industrial sector;project costing;domestic demand;wholesale price;import price;financial liberalization;Economic Policy;Cash flow;loan fund;crop area;loan demand;oil seed;metropolitan area;stabilization program;price support;import liberalization;weighted average;trade deficit;procurement procedure;overseas training;advanced technology;urban household;financial intermediaries;export market;consumer income;repayment period;administrative cost;qualified professional;institutional improvement;raw material;vegetable preservation;equipment supplier;local agency;foreign origin;efficient operation;consumer goods;canned meat;legal entity;food price;legal entities;stabilization effort;Stabilization policies;Public Transportation;distribution network;external resource;investment priority;raising income;Investment priorities;turnkey contract;excess liquidity;industrial enterprise;industrial product;lending limit;investment cost;private industry;coal price;lending rate;transport rate;primary beneficiaries;investment rate;farmer income;lending procedures;foreign saving;export demand;nonfood item;sale proceeds;long-term lending;Livestock Production;syndicated loan;private investor;bond issue;financial resource;authorized capital;gradual decline;processed fruits;Capital Inflows;long-term fund;increased supply;research activity;research activities;industrial investment;private investment;dried fruit;financing need;foreign financing;government fund;equity fund;loan account;export agents;institutional framework;export growth;horizontal integration;primary production;domestic price;foreign market;agricultural commodity;government development;technical manpower;technological capability;long-term viability;highway construction;flood damage;irrigation water;seed development;irrigation facility;living standard;staple food;agricultural output;quality improvement;electronics industry;skilled manpower;trained worker;modern sector;Natural Resources;real growth;consumer price;manufacturing sector;infrastructural development;mass transportation;machinery industry;export targets;industrial structure;capital expenditure;government's policy;power system;domestic consumer;urban congestion;technological need;low-income housing;lending strategy;technical competence;technological development



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Korea - Second Agricultural Products Processing Project (English). Washington, D.C. : World Bank Group.