Standard Owner Benchmark - MINISTRY OF AGRICULTURE, FOOD AND RURAL AFFAIRS OF KOREA (MAFRA)

By CommonShare

The Ministry of Agriculture, Food and Rural Affairs of Korea (MAFRA) is a government ministry in South Korea responsible for overseeing policies and initiatives related to agriculture, food production, and rural development. MAFRA's primary goal is to ensure the stability, sustainability, and competitiveness of the agriculture and food sectors, as well as to promote rural prosperity and welfare.

MAFRA was established in 1948 and has undergone various transformations and restructuring over the years to adapt to changing agricultural and rural landscapes. The ministry plays a vital role in formulating and implementing policies that support agricultural production, ensure food safety, and enhance the livelihoods of rural communities.

MAFRA's responsibilities encompass a wide range of areas, including agricultural policy planning, agricultural research and development, farm management support, food safety regulation, market monitoring, export promotion, and rural infrastructure development. The ministry works closely with various stakeholders, including farmers, industry associations, research institutions, and international organizations, to address the diverse needs and challenges of the agriculture and rural sectors.

One of MAFRA's key priorities is to promote sustainable agriculture and environmentally friendly practices. The ministry supports initiatives aimed at reducing agricultural pollution, conserving natural resources, and implementing eco-friendly farming techniques. It also promotes the adoption of smart farming technologies and innovation in agriculture to enhance productivity and efficiency.

In addition to its role in agriculture and food, MAFRA also focuses on rural development and welfare. The ministry implements programs and policies to improve the quality of life in rural areas, enhance rural infrastructure, provide social support to farmers and rural residents, and promote balanced regional development.

As a government ministry, MAFRA operates as part of the South Korean government's administrative structure. While it is not a for-profit entity, its operations are funded by government budgets and aimed at fulfilling the government's objectives in the agriculture, food, and rural sectors.

Overall, the Ministry of Agriculture, Food and Rural Affairs of Korea (MAFRA) plays a crucial role in formulating policies, promoting sustainable agriculture, ensuring food safety, and fostering rural development in South Korea. Its work contributes to the overall growth, stability, and welfare of the country's agricultural and rural communities.

Overall Rating

1.2
Under-Performing

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MINISTRY OF AGRICULTURE, FOOD AND RURAL AFFAIRS OF KOREA (MAFRA)
South Korea
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How our Standard Owner Benchmark® Works?

By CommonShare

This is a benchmark to help companies understand which standards should be part of a sustainable procurement plan. Further, the benchmark allows standard setting schemes, i.e. "Standard Owners", to benchmark their performance versus industry peers.