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๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Economy & Trade

South Korea to Require Orders to Dispose of Unused Farmland, With 25% Annual Penalty for Noncompliance

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement New plan
  • South Korea plans to make farmland disposal orders mandatory for owners who fail to farm their land without a legitimate reason or lease it illegally.
  • Owners who do not sell after an order could face an annual enforcement penalty equal to 25% of the landโ€™s value, under the governmentโ€™s plan from 2028.

South Korea plans to require owners to dispose of farmland that they leave uncultivated without a legitimate reason or lease out illegally. Owners who fail to sell after receiving a disposal order would face an enforcement penalty every year.

The penalty would equal 25% of the landโ€™s value. The government is moving to make disposal orders mandatory, rather than leaving them to the discretion of local governments.

Under the proposal, the agriculture minister or a provincial governor would also be able to issue the order directly if a local government failed to act. The government plan would take effect in 2028.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.