After the global food crisis, recently world grain prices have rapidly soared. This brought about significant influences on global economy causing ‘agflation’ phenomenon which describes inflation led by rises in agricultural commodity prices. World grain market is also unstabilized by uncertain changes in weather and productions. Under the circumstances like this, Korea is the fifth largest food import country, so food security has become one of the most serious issues. Oversea agricultural development is emerging as one of the promising policy options to stably secure foods.
Therefore, this is a part of the final results which is the third year report of the three-year research. This study tried to seek an alternative model and policy to establish an effective operating system for overseas agricultural development projects given that Korea's entry into this field is relatively new and competition over overseas agricultural development is getting intense around the world. Additionally, the study suggested the success model and strategies of overseas agricultural development.
In the final year research, the study provided the action plans for promoting the overseas agricultural development by region, commodities, and types by reviewing the successful private companies's strategies and evaluating their business models And by using the various results, the study drew out various desirable success models for overseas agricultural development.

Researchers: Kim, Yong-Taek; Kim, Jeong-Seung
E-mail address: yongkim@krei.re.kr