1. GRAIN & OILSEED ISSUES

<6/27/2013> Ruling party, “Raise plan for rice target price is too low ” (Korean, Woo Mi Jin)

http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=001&aid=0006341654

Summary: In a government-ruling party consultation, which held on 27th June, Saenuriparty and government discussed about the subsidy issue, target price of a rice. Saenuryparty ask the government to expand the range of raising target price of rice against government’s recent decision that are raising the target price of rice from 170,083 won to 174,083won. They require them to bring the new proposal after additory consultation with farmers and standing committee of National Assembly. Minister of  MAFRA, Lee said he will review their proposal(additional raising proposal) positively.

2. MARKETING ISSUES

CJ Foodvile Plans to Open 3,500 Restaurants in China in 4 Years [Korean, OSY]

http://www.hankyung.com/news/app/newsview.php?aid=2013062704571

Summary: CJ Foodvile, a leading restaurant company in Korea announced on June 27 that it plans to open 3,500 new restaurants in China within 4 years.  CJ Foodvile currently has some 40 restaurants under four franchise brands in China.  CJ added that tighter regulation in Korea was a part reason that CJ targets to grow in the Chinese market.

3. OTHER MISCELLANEOUS ISSUES

“MAFRA makes indication of origin compulsory into coffee processed product etc” (Korean, Woo Mi Jin)

http://economy.hankooki.com/lpage/politics/201306/e2013062718451396380.htm

Summary: MAFRA proclaimed the regulation that ask for indication of the originated place into a coffee processed product, a mulberry, a mulberry leaves, a silkworm pupa. Official of MAFRA said “Because of the coffee processed product’s quality gap depending on originated place, origin mark is positively necessary. And according to increasing of demand for sericulture product, it is also necessary to add that into the subject for protecting national producer and consumer through making difference between national product and abroad product. ”