For political, strategic and cultural reasons, agriculture has a particular significance in Korea. How have agricultural policies evolved in Korea in the last two decades? What are the effects of the 1997 crisis on the agricultural sector and on agricultural policy implementation? Drawing on the well-established OECD method of calculating support from agricultural policies using Producer and Consumer Subsidy Equivalents, this study is one of the most comprehensive analyses and assessments of rapidly evolving developments in Korean agriculture.

Nonformal general equilibrium, consistency approaches and frameworks. General, systems simulation approach. Linear programming models. Multi-level planning models. Operational usefluness of analysis and models to users.

Agriculture in Korea is under increasing pressure to meet changing domestic demand, improve its productivity to keep up with the country's competitive manufacturing sector, and become more competitive at the international level. To date, the government has offered extensive support to farm income via price support, direct payments, preferential tax treatment, and reduced input prices. However, a more comprehensive policy approach is required to address the low-income problem in agriculture, and a more comprehensive rural development policy is also required to create employment opportunities for the younger generation. Korea should explore its potential to export niche agricultural products and processed food that reflect its rich and unique food culture. To unleash the sector's potential, agricultural policy should focus on improving the productivity and sustainability of commercial enterprises and develop the food processing sector. The country's agricultural innovation system should become more integrated and collaborative, benefiting from its strong competitive advantage in Information and Communication Technology (ICT).