Gwangsan-gu, Gwangju Attracts 15 Billion Won Investment in Smart Farm

[Asia Economy Honam Reporting Headquarters Reporter Lee Gwan-woo] Gwangsan-gu, Gwangju Metropolitan City has attracted a smart farm investment worth 15 billion KRW.

Gwangsan-gu announced on the 26th that it signed an investment agreement with Farmate Co., Ltd. and Gwangju City.

Farmate Co., Ltd. is a company operating smart farms that apply Fourth Industrial Revolution technologies such as the Internet of Things (IoT) to agricultural product cultivation.

The company was recognized as an excellent enterprise that led the digital economy transition by being the first to integrate information technology (IT) into agriculture and was selected as a preliminary unicorn by the Ministry of SMEs and Startups.

According to this investment agreement, Farmate Co., Ltd. will begin construction in May this year and aims to complete it by November, installing fruit and vegetable cultivation greenhouses and processing facilities in Samdo-dong, Gwangsan-gu.

Additionally, it plans to hire 90 local talents and start operations from January next year.

Gwangsan-gu provided various conveniences to Farmate Co., Ltd., including support for facility site selection and incentives to attract this investment.

Furthermore, taking this opportunity, the district plans to continue building a smart agricultural policy cluster and support innovative growth in future agriculture.

Kim Sam-ho, Mayor of Gwangsan-gu, said, “This investment attraction will lead Gwangsan-gu to spearhead the Korean New Deal and serve as a catalyst to revitalize the local economy, which has been stagnated due to COVID-19. With the interest and support of local residents, we will help the investing company firmly establish itself in the community and enable local agriculture to undergo a new transformation through Fourth Industrial Revolution technologies.”

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