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New Green Bio industry to fight food shortages caused by social problems Updated: 2020-01-28 16:06:30 KST

As the world population continues to rise, the demand for food grows.
In 2050, the minimum amount of food required by people around the world will be 50 percent more than what was needed in 2012, according to the United Nations.
Currently, 25 percent of farmable land on Earth has deteriorated to the point that it can no longer produce as much food as before.
Not to mention the natural disasters caused by global warming that are also lowering food production.
A potential solution to that is what people call 'green bio'.
Green bio uses bio-technology to help facilitate farming and create food resources.

In this greenhouse, scientists are testing chemicals that can prevent pests, especially those that are already immune to existing pesticides.

Green bio also includes coming up with new materials that can be used for farming food produce.

"We have developed a new bio material that can kill mulberry thrips which is a pest for most crops."

This new material is biodegradable and thus eco-friendly when spread on soil.
With this, there will be a reduced need for harmful pesticide sprays on farms.
The global market size of such industry in 2018 is estimated to be around 100 billion U.S. dollars.
But looking at its market size only within South Korea, it is so small that there hasn't been much data collected.
856 million dollars is the total amount of both private and public investment dedicated for the green bio industry in Korea.

"In order to strengthen this industry, it is crucial to make a product that can compete in the global market. And for that, continuous investment in R&D is necessary."

Recently, the government has announced a plan to invest and nurture the green bio industry.

"We expect the importance of green bio to grow bigger as environmental issues such as plastic waste and energy resource depletion have become a social problem. In response, we are coming up with customized measures and investment for this industry."

With different sectors of the bio industry strengthened, the government believes bio could become a strategic industry to succeed the semiconductor industry in the years to come.
Hong Yoo, Arirang News.
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