Research Reports
Recent Trends of the Seed Industry and a Strategy to Foster Domestic Seed Companies
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AuthorPark, Kihwan
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Publication Date2010.06.01
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Original
The seed industry is evolving to become an industry where technologies of advanced bioscience, such as medicine and materials industry, can be utilized. Developed countries are increasing their support for the seed industry, and global seed companies are actively consolidating and expanding their business through mergers and acquisitions, investing heavily in R second, raise the private sector's capability by utilizing individual seed developers and fostering human resources; third, build a domestic base for seed production and expand support; fourth, induce seed companies to achieve economy of scale by stimulating export; and fifth, increase protection of seed developers by making the seed variety protection system effective.
In developed countries, it may be possible that government role or support does not have significant effect on seed companies. However, in the case of Korea where the seed industry is immature, the industry cannot grow without adequate support from the government.
Therefore, the current government measures to foster the seed industry have to be carried out without hindrance, and improvements should be made in consultation with related entities.
Researchers: Ki-Hwan Park, Hyun-Tae Park, and Chung-Gil Chung
Research period: 2010. 3. - 2010. 6.
E-mail address: kihwan@krei.re.kr
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