More than 30 thousand of the 20 million plant species on earth are threatened with extinction each year due to ecosystem destruction. Species preservation has become a serious issue, and the value of living resources is rising. Due to the small size of the Korean seed market, Korea has spent $32.5 mil. on seed royalties in the past 5 years. However, the future of the Korean seed market seems to be much brighter. Korea’s cacti make up about 70% of the entire global market and Korean-developed cancer-fighting cabbage is being exported to Japan. Let’s see how Korea’s innovative ideas and technology has begun a new era in the seed market.
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