Jungjingong, Korea-Russia Tech-Convergence Smart Farm Export Agreement

Exterior view of the headquarters of the Korea SMEs and Startups Agency

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 27th that it will hold the 'Korea-Russia Technology Convergence Smart Farm Business Meeting and Export Agreement Ceremony.'

The event is scheduled to take place in the afternoon at the Small and Medium Business Corporation headquarters in Jinju, Gyeongnam. About 20 people will attend, including officials from the Chechen Republic government in Russia, a distinguished professor from Chechen Agricultural University, representatives of local agricultural companies, and domestic companies belonging to the Korean smart farm consortium.

The Korean smart farm consortium 'Agro K' will sign a smart farm export agreement worth 7 million dollars with two agricultural companies in the Chechen region. The core content of the agreement is the pilot construction of a 6-hectare scale (7 million dollars) smart farm facility in the first half of this year. The plan is to expand facility supply to 100 hectares (100 million dollars) over the next five years.

In this project, the overseas private network (KEC) was responsible for discovering and negotiating with local partners in Russia. Korean companies such as Apec, Seongchang Industry, and Kainex M will supply innovative domestic smart farm technologies and agricultural materials, including greenhouse design and environmental control systems. To improve energy efficiency, the latest technology from Russian companies will also be applied to Korean smart farm facilities.

Jung Jin-woo, head of the Global Growth Headquarters at the Small and Medium Business Corporation, said, "As a result of efforts for northern economic cooperation, a tangible achievement of Korean-style smart farm entry into Russia has been created," adding, "This year marks the 30th anniversary of Korea-Russia diplomatic relations, and we will spare no support to make this technology convergence smart farm the first year of entry into the Russian market."

This content was produced with the assistance of AI translation services.