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Korea - Agricultural Wholesale Marketing Project (English)

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  • Korea - Agricultural Wholesale Marketing Project (English)
  • World Bank (WB)


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Title Korea - Agricultural Wholesale Marketing Project (English)
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Material Type Others
Publisher

World Bank (WB)

Date 1982
Language English
File Type Link
Subject Industry and Technology < Agriculture

Abstract

The project would comprise: constructing and equipping an agricultural wholesale market complex on the outskirts of Seoul, including facilities for an agricultural marketing information center, constructing market-related roads and utilities, establishing an agricultural wholesale market authority, the Garag-dong Agricultural Market Authority (GAMA), carrying out a countrywide study of the agricultural marketing system and related public policies leading to the preparation of an agricultural marketing master plan for Korea, and training in agricultural wholesale marketing practices for wholesalers and government officials. It would promote a more competitive price formation mechanism by introducing auction sales, and foster reduction in marketing costs by shortening distribution channels, by reducing intra-market congestion, and by building the new market in a readily accessible location on the outskirts of Seoul. Realization of the project benefits will depend on improved standards of wholesale market management.