When rice production plummeted due to the cold spell in 1980,
We attempted to import rice, but the price of rice was tripled.
After seeing this, the story spread that international food corporations were rip-offs because rice was not self-sufficient.
In fact, the reason for the cold weather was the volcanic eruption in the United States, which caused rice prices to skyrocket around the world.
The bottom line is that Korea is not being ripped off, it’s just that food prices have gone up.
Rather, it is an example of solving the domestic food crisis through food imports.