Act on Raising Lump-Sum Saving of Farming And Fishing Households.

The purpose of this Act is to create the stable basis of livelihood for farmers and fishers, and to help them to contribute to the development of agricultural, fishery and livestock industries by inducing their earnings to savings to increase the supply of agricultural, fishery and livestock funds.
The Government, the Bank of Korea under the Bank of Korea Act and savings institutions shall preferentially take necessary measures to support the stable livelihood of farmers and fishers and encourage them to save and amass assets. Farmers and fishers who intend to participate in lump-sum savings of farming and fishing households shall enter into a contract with savings institutions. The Government shall establish the bounty fund for the raising lump-sum savings of farming and fishing households to pay savings bounties.