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March 2021, the 「Farmland Act」 was revised due to the issue of land speculative purchases in new city business areas by employees of the Korea Land and Housing Corporation(LH). So the content of Farmland was to strictly restrict the acquisition and ownership of farmland. Currently, the demographic structure of rural areas is rapidly changing due to a decrease in the population, a deepening aging population, an outflow of young generations, and a rapid increase in multicultural households. However, farmers who want to retire, farmers who suffer from debt repayment, and farmers who want to raise living funds have to sell their farmland, but the farmland transaction has been virtually suspended because there is no way to find someone to buy it. Based on this awareness of the problem, this paper examines the possibility of scrapping the ‘The principle of farmland ownership’ stipulated in the 「Constitution」, and with a awareness of the problem in terms of guaranteeing farmers’ basic rights, we would like to present the problems of the current 「Farmland Act」 on the acquisition and ownership of farmland and how to solve it.
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Park et al. (2024) studied this question.
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