Gyeongbuk Saemaeul Globalization Foundation Signs MOU with Agricultural Machinery Cooperative for 'Developing Countries Agricultural Modernization'

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] The Saemaul Globalization Foundation (CEO Jang Donghee), a non-profit organization established by Gyeongsangbuk-do, announced on the 19th that it has signed a business agreement with the Korea Agricultural Machinery Industry Cooperative (Chairman Kim Shingil) to cooperate on the Saemaul Globalization Project.

Through this business agreement, the two organizations will share the successful experiences of the Saemaul Movement with the international community and mutually cooperate to modernize agricultural technology in developing countries through the Saemaul Globalization Project and the supply of Korean agricultural machinery.

Established in 1962, the Korea Agricultural Machinery Industry Cooperative has 606 domestic agricultural machinery companies as members. It contributes to the development of the Korean agricultural machinery industry by supporting the development of ICT convergence agricultural machinery, acting as an export-import agent, and hosting domestic and international agricultural machinery exhibitions to revitalize the domestic market and expand agricultural machinery exports.

Founded in November 2012, the Saemaul Globalization Foundation is currently promoting the Saemaul Model Village Creation Project in 35 villages across 9 countries in Asia and Africa. It is conducting cooperative projects with the African Development Bank (AfDB), the International Fund for Agricultural Development (IFAD), and in C?te d'Ivoire and Togo.

CEO Jang Donghee stated, "The experience and know-how of the long-established Agricultural Machinery Industry Cooperative will be of great help to the Saemaul Globalization Project being promoted in Asia and Africa," adding, "Through this agreement, we hope to transfer Korea's advanced agricultural technology to the foundation's Saemaul model villages and introduce excellent agricultural machinery, thereby creating a practical opportunity to eradicate poverty and end hunger."

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