South Korea's Hyundai Heavy Industries yesterday announced it planned to lease 50,000 hectares of farmland in Russia's far east, in the latest sign of Seoul's push to increase its food security by outsourcing agricultural production overseas.
A previous South Korean initiative – a plan to lease 1.3m ha of land in Madagascar by Daewoo Logistics – collapsed recently after Antananarivo's new government cancelled the project.
A heavily populated but resource-poor nation, South Korea is the fourth largest importer of maize and among the 10 largest buyers of soyabeans. Hyundai said it planned to grow corn and soyabeans on the Russian land “to help Korean livestock farms by freeing them up from sudden price changes and supply shortages”.
您已阅读68%（738字），剩余32%（347字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。