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Korea - Integrated Dairy Beef Development Project (English)

There are essentially two parts to the project: the development of about 700 small and medium dairy farms; and the construction and operation of two dairy products processing plants. There will also be management and technical services related to these activities. The project would be carried out by the Korea Dairy Beef Company, a wholly-owned subsidiary of the Agriculture and Fishery Development Corporation. The latter was established in 1967 by the Government to foster agro-industry through equity investments and loans subscribed by the Government. The AFDC presently has twenty-two subsidiaries and has a majority interest in eighteen of them. Some of the subsidiaries are in the process of being consolidated to streamline the operations of the AFDC. The AFDC tries to sell its holdings in a subsidiary to private interests once the subsidiary is well established. The management of the AFDC is sound, and it provides managerial and limited technical services for its subsidiary companies.

Details

  • Document Date

    1971/01/31

  • Document Type

    Memorandum & Recommendation of the President

  • Report Number

    P891

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Korea, Republic of

  • Region

    East Asia and Pacific,

  • Disclosure Date

    2010/06/24

  • Disclosure Status

    Disclosed

  • Doc Name

    Korea - Integrated Dairy Beef Development Project

  • Keywords

    dairy farm;milk processing plant;standard of living;export of goods;condition of effectiveness;foreign exchange;dairy product;fruit and vegetable;project cash flow;increase in capital;family planning program;foreign exchange risk;high tax rate;procurement of equipment;population growth rate;construction and operation;savings and investment;debt service ratio;local competitive bidding;stainless steel tank;construction and equipment;agriculture and forestry;per capita gnp;export credit agencies;per capita income;balance of payment;rate of change;salaries and wages;domestic tax revenue;local currency expenditure;external debt burden;domestic credit expansion;rate of investment;demand for milk;agricultural production;farm development;real gnp;domestic saving;dairy process;agricultural output;gross investment;dairy cattle;rural population;dairy production;consumer price;real income;livestock industry;livestock industrial;civil works;merchandise export;foreign capital;Exchange Rates;industrial sector;private source;economic stability;land consolidation;real rate;local expenditure;rapid industrialization;cash balance;money income;urban labor;rural income;support price;food crop;concessional term;agricultural productivity;agricultural activity;financial rate;modernization program;animal species;restrictive measures;farm mechanization;fiscal stabilization;cattle production;suitable candidate;external financing;cattle population;world market;research equipment;deficit financing;technical expert;counterpart fund;saving rate;external source;stable growth;dietary pattern;export earnings;money supply;share capital;education credit;equity contribution;organizational structure;foreign debt;stabilization measure;outstanding amount;commercial debt;building construction;private investment;highway construction;international bidding;beef production;draft animal;dairy industry;farm structure;financial cooperation;local commercial;majority interest;health standards;private interest;subsidiary company;process plant;school building;local manufacturers;bank finance;project costing;construction cost;severe drought;rice production;agricultural income;agricultural growth;irrigation facility;domestic demand;external resource;rising demand;public saving;repayment period;tax collection;increased supply;export market;economic infrastructure;manufacturing sector;rice crop;external account;legal instrument;dynamic economy;commercial loan;export expansion;administrative expense;farmer;

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Citation

Korea - Integrated Dairy Beef Development Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/583971468047972627/Korea-Integrated-Dairy-Beef-Development-Project