Russia's invasion of Ukraine has been posing a threat to Korea's food security given that the warring nations account for around 30 percent of the world's traded wheat, according to industry analysts, Monday.
Korea, which has a low food self-sufficiency rate, could face a food crisis in a worst case as a result of rising overall grain prices due to the conflict and abnormal climate conditions caused by environmental change and the prolonged COVID-19 pandemic, they said.
In response to the rising grain price, the Ministry of Agriculture, Food and Rural Affairs announced a plan to increase the self-sufficiency rate of wheat by expanding domestic wheat reserves.
Article By Baek Byung-yeul