Govt., ruling party propose higher new target price for rice
Social affairsNov 8, 2018
South Korea's government and ruling party said Thursday they will submit a raised purchase price for harvested rice to the National Assembly.The ruling Democratic Party and the government said it set the target price at 196,000 won ($175) per 80 kilograms of the staple grain harvested from 2018 to 2022, slightly higher than the originally proposed 188,000 won.Agriculture minister Lee Gae-ho earlier said the price should be over 194,000 won to reflect the country's inflation rate over the past fi