NH Investment & Securities 100-Year Life Research Institute Publishes South Korea Rural Economy Report

[Asia Economy Reporter Lee Seon-ae] NH Investment & Securities 100-Year Life Research Institute announced on the 28th that it has published the '2021 Korea Rural Economy Report.' The report is an ESG (Environment, Social, Governance) special edition, consisting of four reports including 'Increasing Farm Household Income Amid Aging,' and 'The Core of Sustainable Agriculture: Environment and Low-Carbon Farming.'

The first report of this Rural Economy Report, 'Increasing Farm Household Income Amid Aging,' examined the current status of farm household economies and proposed measures to increase farm household income. The second report, 'The Core of Sustainable Agriculture: Environment and Low-Carbon Farming,' explored the importance of agriculture from an environmental perspective and low-carbon farming. The third report, 'A World of Living Together: Understanding Social Agriculture,' looked into social agriculture, which is evaluated as a new growth engine for rural areas from a social perspective. The final report, 'Rural Revitalization Begins with Transparent Governance,' examined the structural characteristics of rural society from a governance perspective and proposed improvement measures.

Kim Jin-woong, head of the 100-Year Life Research Institute, said, "The average farm household income in 2020 was 45.03 million won, marking an all-time high, which means that the value of our rural areas and agriculture is expanding." He added, "In particular, the social value of rural areas is expected to play an increasingly important role in the ESG aspects, which have recently emerged as a key issue of the times."