Pocheon to Establish Korea-China Joint Venture's Largest Domestic 'Smart Farm Village'

'Korea-China Smart Farm Village' Briefing Session and Business Agreement Ceremony
Photo by Korea-China Private Economic Cooperation Forum

[Asia Economy Reporter Kim Heung-soon] The largest Korea-China joint agricultural complex in the country, the 'Korea-China Smart Farm Village,' will be established in Pocheon City, Gyeonggi Province.

The Korea-China Private Economic Cooperation Forum and Megatime Holdings-Megafarm Village announced on the morning of the 3rd that they held the 'Korea-China Smart Farm Village Briefing and Business Agreement Ceremony' at Hanwha Resort in Pocheon City, Gyeonggi Province.

Since signing the business agreement for the establishment of the Korea-China Smart Farm Village in 2019, the two organizations have recently finalized the site selection and are now proceeding with the project in earnest. On the same day, they also signed business agreements with Doosan Fuel Cell, CJ OliveNetworks, and Shinhan Bank, who are jointly participating in this project, for the provision of new technologies and financial support.

The Smart Farm Village is planned to be developed on approximately 250,000㎡ in the Gwanin-myeon area of Pocheon City. This is the first project where the governments and companies of Korea and China collaborate in the agricultural sector.

The event was attended by Park Yoon-guk, Mayor of Pocheon City; Son Se-hwa, Chairman of the Pocheon City Council; Xing Haiming, Chinese Ambassador; Ji Young-mo, Chairman of the Korea-China Private Economic Cooperation Forum; Yoo Soo-kyung, CEO of Doosan Fuel Cell; Cha In-hyuk, CEO of CJ OliveNetworks; Park Hyun-joo, Head of Shinhan Bank Western Headquarters; and Gu Jin-sung, Economic Counselor of the Chinese Economic and Commercial Office.

Chinese Ambassador Xing Haiming discussed the Chinese government's support plans and directions for cooperation, while Pocheon City discussed support measures at the local government level, regional economic revitalization, and job creation plans. The project operator, agricultural corporation Megafarm Village, decided to prioritize hiring local residents to create new jobs.

On the Chinese side, based on the support of the China Asia Economic Development Association, modern Chinese agricultural companies such as Tianshendushi Zhongyewilu, Beijing Zhongkairun Agriculture, and Kangtailai will exchange related technologies with Korean companies. Project funding is planned to be invested by Wuxi Hanguang Tianqi and Daru Group.

Through this business agreement, CJ OliveNetworks plans to establish an overall ICT (Information and Communication Technology) development plan and cooperate in building smart farm-related software systems and integrated digital transformation service business areas.

Doosan Fuel Cell plans to supply heating and cooling using hydrogen fuel cells and provide renewable energy sources and technologies necessary for the overall operation of smart farms, residential complexes, hot springs, and community centers.

Shinhan Bank will provide comprehensive financial support, including information on policy funds related to small and medium-sized enterprises, consulting on financing methods, policy fund loans, and post-management of companies.

Before the event, Mayor Park Yoon-guk and Chinese Ambassador Xing Haiming inspected the site in the Sajung-myeon area of Gwanin-myeon, Pocheon City. The Korea-China Private Economic Cooperation Forum plans to expand joint growth programs with local communities through smart farm investments in domestic farms in the future. They also aim to jointly enter third countries through cooperation in smart farm and smart city technologies with the Chinese side.

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