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2 clusters · 5 sources · 13 days · First seen · Last updated

South Korean agricultural disaster recovery efforts

Overview

Agricultural recovery efforts are underway in South Korean provinces following recent natural disasters, including heavy rainfall and wildfires.

In Gyeongsangnam-do, Nonghyup has committed an additional 500 million won to the Korean Red Cross to assist residents in areas like Geoje and Tongyeong. To support farmers dealing with flooded fields and damaged facilities, Nonghyup has organized a recovery package totaling up to 50 billion won. This includes emergency living stability funds, preferential interest rates, deferred loan repayments, and advance insurance claim payments.

In Gyeongsangbuk-do, the Gyeongsangbuk-do Development Corporation and NH Nonghyup Bank have provided manual labor assistance to apple farmers in Andong. This initiative aims to mitigate labor shortages and rising costs during the peak harvest season, particularly for farmers impacted by recent wildfires and heavy rains.

Entities

Kang Ho-dong · Tongyeong · Nonghyup · Andong · Geoje

Timeline

  1. [BUSINESS] 2 sources
    Gyeongsangbuk-do Development Corp and NH Nonghyup Bank support Andong apple farmers

    Gyeongsangbuk-do Development Corporation and NH Nonghyup Bank employees provided harvest assistance to apple farmers in Andong facing labor shortages and recent natural disaster damage.

  2. [BUSINESS] 3 sources
    Nonghyup provides 500 million won for Gyeongsangnam-do flood recovery

    Nonghyup is providing an additional 500 million won to aid flood recovery in Gyeongsangnam-do, part of a larger 50 billion won emergency support package for affected farmers.

Sources

bokuennews.com · hidomin.com · localsegye.co.kr · m.imaeil.com · ngojournal.co.kr