KOTRA Signs Smart Agriculture MOU with Nonglim Fisheries Information Service

[Asia Economy Reporter Suyeon Woo] On the 11th, KOTRA signed a Memorandum of Understanding (MOU) with the Korea Agency of Education, Promotion and Information Service in Food, Agriculture, Forestry and Fisheries (hereinafter referred to as Nongjeongwon) at its headquarters in Yeomgok-dong, Seoul, to globalize Korean smart agriculture.

The signing ceremony was attended by KOTRA President Kwon Pyung-oh and Nongjeongwon Director Shin Myung-sik. Through this MOU, the two organizations agreed to join forces to support overseas expansion in the fields of smart farms, agricultural machinery, and agricultural information and communication technology (ICT).

KOTRA and Nongjeongwon have been cooperating since this year as jointly appointed institutions for the Ministry of Agriculture, Food and Rural Affairs' "Smart Farm Package Export Promotion Project." The two organizations decided to strengthen mutual cooperation necessary for the globalization of Korean-style smart agriculture.

The MOU includes ▲ information exchange necessary to support overseas expansion of smart agriculture companies ▲ promotion of online and offline overseas marketing and seminars ▲ joint discovery of international development cooperation projects such as Official Development Assistance (ODA) and Knowledge Sharing Program (KSP) ▲ exchange of information on international trade and overseas expansion in the agricultural sector, including Free Trade Agreements (FTA).

KOTRA President Kwon Pyung-oh stated, "At this time when concerns about food security are increasing due to climate change and the novel coronavirus disease (COVID-19), smart agriculture has emerged as a practical alternative. We will expand support in cooperation with Nongjeongwon so that our companies can lead the global smart agriculture market."

On the 11th, KOTRA signed a Memorandum of Understanding (MOU) with the Korea Agency of Education, Promotion and Information Service in Food, Agriculture, Forestry and Fisheries at its headquarters in Yeomgok-dong, Seoul, to globalize Korean smart agriculture. Kwon Pyung-oh, President of KOTRA (left), and Shin Myung-sik, President of the Korea Agency of Education, Promotion and Information Service in Food, Agriculture, Forestry and Fisheries, are posing for a commemorative photo after the signing ceremony. Photo by KOTRA

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