Up to 50% Discounts on Key Agricultural, Livestock and Fishery Products Through the Chuseok Peak Season — Heat Wave and Drought Supply Stabilization Measures
Source material is a Korean government announcement (in Korean).
On August 13, 2026, the government decided to support discounts of up to 50% on major agricultural, livestock and fishery products through the Chuseok peak season, and to release stockpiled volumes of items such as napa cabbage and radish at the right time depending on supply and demand conditions.
Key facts
| Announcement date | August 13, 2026 (session held jointly as the Emergency Economic Headquarters meeting, the Ministerial Meeting on Economic Affairs, and the Ministerial Task Force for Special Management of Living Costs) |
|---|---|
| Discount support | Discounts of up to 50% on major agricultural, livestock and fishery products through the Chuseok peak season |
| Stockpiled volumes | Stockpiled volumes of items such as napa cabbage and radish released at the right time depending on supply and demand conditions |
| Special management period | Special management period for heat waves and drought in operation since August 7, with ongoing monitoring of crop growth and damage |
| Crop management support | 2.2 billion won worth of crop pesticides supplied at a discount; continued support for cooling equipment and emergency water supply for vulnerable farms |
| Fisheries | A record-high budget of 9.4 billion won for distributing equipment to respond to high water temperatures |
| Inquiries | Ministry of Economy and Finance (재정경제부), Policy Coordination Division 044-215-4510 |
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On August 13, 2026, the government discussed measures to stabilize the prices and supply of agricultural, livestock and fishery products in preparation for heat waves and drought, at a session held jointly as the Emergency Economic Headquarters meeting, the Ministerial Meeting on Economic Affairs, and the Ministerial Task Force for Special Management of Living Costs, and decided to support discounts of up to 50% on major agricultural, livestock and fishery products through the Chuseok peak season. Depending on supply and demand conditions, stockpiled volumes of items such as napa cabbage and radish will be released at the right time, and through the special management period for heat waves and drought that has been in operation since August 7, crop growth and damage conditions are monitored on an ongoing basis.
Background — why this change
The meeting was chaired by Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol (구윤철) and covered items including 'a review of the response to the Middle East war,' 'measures to stabilize the prices and supply of agricultural, livestock and fishery products in preparation for heat waves and drought,' 'field-centered support measures for corporate investment and innovation (Phase 1),' and 'the implementation plan for the 2nd Everyone's Startup Project (모두의 창업 프로젝트).' It was noted at the meeting that the number of employed persons in July rose by 108,000 from a year earlier, a double-digit increase for the first time in 4 months, but that amid continued weakness in employment among young people and in sectors such as manufacturing and construction, the prolonged Middle East war, heat waves, and drought in some regions are together acting as burdens on employment and prices.
Summaries below are factual notes based on government announcements and primary sources — not evaluations or opinions.
FAQ
How long will discounts on agricultural, livestock and fishery products be supported?
Discounts of up to 50% are supported on major agricultural, livestock and fishery products through the Chuseok peak season.
What happens if napa cabbage or radish prices rise?
Stockpiled volumes of items such as napa cabbage and radish are to be released at the right time depending on supply and demand conditions.
What support is available for farms hit by heat waves and drought?
A special management period for heat waves and drought has been in operation since August 7, with ongoing monitoring of crop growth and damage, and 2.2 billion won worth of crop pesticides is supplied at a discount while support for cooling equipment and emergency water supply for vulnerable farms continues. The budget for distributing equipment to respond to high water temperatures, aimed at reducing damage at fish farms, was set at a record-high 9.4 billion won.