KREI-KASMO is a Korean agricultural sector partial equilibrium model reflect the fast-moving environment surrounding Korea agriculture including the new domestic policy options and the recent international trade regimes, such as FTAs and WTO/DDA negotiations. This KREI Outlook of the Agricultural Economy is upgraded version for KREO-KASMO to reflect a revision of reference year of Bank of Korea.
a partial equilibrium model and a dynamic ex-anti simulation model for the Korean agricultural sector.
KASMO is divided into six sub-models as follows: A grain sector, a vegetable sector, a fruit sector, a specialty crop sector, a livestock sector, and a total agricultural value sector for the entire Korean agriculture. And it covers over 45 commodities.
The production of the agriculture sector is forecasted to grow up to 42 trillion 521 billion won in 2010 with the growth rate of 2.8 percent in the 2009. The value added of the agriculture sector is forecasted to grow up to 20 trillion 693 billion won in 2010 with the growth rate of 3.7 percent in the 2009. The total income of the agriculture sector is forecasted to grow up to 11 trillion 960 billion won in 2010 with the growth rate of 3.2 percent in the 2009.

Researchers: Myung-Whan Kim, Suk-Ho Han, Jeong-Min Lee, Hyun-Jung Ban
e-mail Address: kimkim@krei.re.kr, shohan@krei.re.kr, fantom99@krei.re.kr,ban0530@krei.re.kr