The paper analyzes the potential trade distortion effects of state trading enterprises (STEs) on soybean imports to Korea. Traditionally, STEs have exercised exclusive rights to import the so-called strategic products, to ensure food security, domestic price stabilization, and import mark-ups....

The paper analyzes the potential trade distortion effects of state trading enterprises (STEs) on soybean imports to Korea. Traditionally, STEs have exercised exclusive rights to import the so-called strategic products, to ensure food security, domestic price stabilization, and import mark-ups....

While the trade effect of free trade agreements (FTAs) is a global issue, little research has examined the economic effects of trade liberalization on agricultural products with robust empirical methods. In this study, propensity score matching for controlling selection bias is used to examine...

Abolishing a nearly 50-year-old policy for rice price support, Korea adopted a new direct payment program in 2005. Making the transition to decoupled income support has been governed by the need for operative and effective income safety nets and the WTO disciplines on domestic support. The...

Agricultural landscapes consist of physical, biological and cultural elements and reflect the interaction between farming and the environment. Increasing recognition of landscape services and societal demand for the policy response require monitoring and evaluating the stock and state of...

The major objective of this study is to estimate Korean food shoppers’ willingness to pay (WTP) for imported beef with traceability. We use an experimental elicitation method, the random nth price auction, to identify consumers’ valuation for traceable imported beef. We also analyse the...

Non-trade concerns (NTC) are legitimate issues for the WTO. Despite no technical definition being given, food security and environmental protection are referred to as NTC in the Agreement on Agriculture. Trade and policy implications for NTC are under discussion and regarded as the centrepiece...