Yoon vetoes legislation requiring gov't purchase of surplus rice

An official checks the quality of preserved rice at a rice processing cooperative in Yongin, 40 kilometers south of Seoul, on April 4, 2023. President Yoon Suk Yeol vetoed a contentious bill the same day that requires the government purchase of surplus rice. The bill aimed at revising the Grain Management Act, which the opposition-controlled National Assembly had passed, requires the government to buy excess rice if production exceeds estimated demand by 3-5 percent, or if prices fall by 5-8 percent or more compared with the previous year. (Yonhap)

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