100 million won in support for Jeju soybean farmers due to climate change

Gujwa Nonghyup (Chairman Yoon Min) announced that it will provide 100 million won in damage relief funds to soybean farmers suffering from abnormal weather conditions, together with Kwangdong Pharmaceutical (Chairman Choi Seong-won) and the Korea Domestic Soybean Producers Association (Chairman Cho Young-jae). This year’s soybean harvests for most farmers have decreased significantly due to the summer heat wave and heavy rain, and the expected purchase amount is expected to decrease by about 40% compared to the previous year. Chairman Yoon Min said, “Many farmers are suffering from the unprecedented abnormal weather conditions,” and “I hope this support will be of some help in overcoming the damage.” He added, “The current compensation system for farmers suffering from natural disasters is not functioning properly, so we will do our best to improve the system, such as making the compensation standards realistic.” Koo Jun-mo, the head of Kwangdong Pharmaceutical, said, ...