Sustainable entrepreneurship: agrarian policy in South Korea

Svetlana Ivanova,Artyom Latyshov,Manuela Tvaronavičienė

doi:10.9770/jesi.2018.5.4(4)

Svetlana Ivanova, Artyom Latyshov + Show 1 more

Open Access

https://doi.org/10.9770/jesi.2018.5.4(4)

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Abstract

This paper focuses on the issues of sustainable entrepreneurship using an example of South Korea (also known as the Republic of Korea). Mainly, it is tackling the problem of preserving the vulnerable agricultural sector and its social structure according to South Korean general course for increasing the openness of the economy. We build upon the historical approach, economic and comparative analysis in order to classify and formulate the features of the South Korean agrarian model. Moreover, we analyze how this model is applied for the stages of the state agricultural policy, including the foreign trade component, domestic support measures for agriculture. Our results reveal the importance of the gradualness and flexibility of the transition to a market efficiency model with the active use of non-market methods and the preservation of selective protection of the domestic market from commodity imports. It becomes apparent that following the FAO approaches to the concept of food security, South Korea uses the policy of combining self-sufficiency and imports, increasingly diversifying the structure of consumed food products.

Highlights

South Korea has long been an example of well-functioning market forces and impeccable merge of sustainable development and entrepreneurial growth
In Canada, the employee's assets stood at 317.8 thousand US dollars in 2013 (Rastyannikov and Deryugina, 2017) The level of labor productivity in South Korea is higher than China's average values: 25.1 and 1.2 thousand dollars per capita, but almost two times lower than in Japan - 46.5 thousand dollars
It is important to consider the transformation of the agrarian policy of South Korea, including its foreign trade component

Summary

Introduction

South Korea ( known as the Republic of Korea) has long been an example of well-functioning market forces and impeccable merge of sustainable development and entrepreneurial growth. Industrialization and urbanization have intensified the problem of land shortages In this regard, the most important development of agriculture in South Korea was initially the increase in land productivity, not the growth of labor productivity. By the value of this indicator, South Korea is between Japan and China, respectively, 3.4 and 0.3 hectares (Table 1). In Canada, the employee's assets stood at 317.8 thousand US dollars in 2013 (Rastyannikov and Deryugina, 2017) The level of labor productivity in South Korea is higher than China's average values: 25.1 and 1.2 thousand dollars per capita, but almost two times lower than in Japan - 46.5 thousand dollars. On the productivity of rice, South Korea is in the top 10 countries of the world, ahead of Japan and China (Figure 2). The multifunctionality of agriculture predetermines the constant focus of the state on this sphere of activity

Agrarian policy transformation in South Korea

Transformation of business units of agricultural production

State regulation of agricultural production

Sustainability of agricultural production

Findings

Conclusions and discussions