DuPont is an American chemical company that was founded in 1802. In the 20th century, DuPont developed many polymers such as Nylon, Teflon, Lycra and Kevlar.
Recently, DuPont is transforming into Agriculture Company. One third of its sales come from agriculture part and the company is investing its half of the revenue into agricultural businesses.
Another agricultural biotechnology corporation, Monsanto invested almost 1 trillion dollars for R&D.
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Official Webpage of DuPont |
Multinational companies like DuPont and Monsanto is investing agriculture due to its big market and its guaranteed profitability.
The commercialization and industrialization of the agriculture is connected to ‘Food sovereignty.’ Seed Industry is the typical example which is the semiconductor of the agriculture. Therefore, many advanced countries are supporting the see industry.
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Monsato |
Chung-Yang pepper is one of Korean famous pepper which Koreans are enjoys most. Chung-Yang pepper’s patent has sold to Monsanto during the foreign exchange crisis in Korea. So, it became the pepper that needs to pay for royalty for Koreans. According to Ministry of Agriculture and Forestry of Korea, Korea has to pay 8 billion won for the next 10-years.
We should seriously consider that patent influenced upon our food sovereignty.
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