Hamyang-gun and Seha FS Sign Agreement for Agricultural Products Logistics Facility Investment

41 Billion KRW Investment with June 2022 Completion Target
Expecting Over 50 New Jobs and Market Expansion for Agricultural Specialties

Agricultural Logistics Facility Investment Agreement Ceremony [Image Source=Hamyang-gun]

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hamyang-gun, Gyeongnam is accelerating its growth as a logistics hub city by attracting a large-scale agricultural product logistics company following its selection as an investment leading district.

According to the county, on the 17th, an investment memorandum of understanding (MOU) was signed at Hamyang County Office with company officials after attracting an agricultural product logistics company with an investment amount of 41 billion KRW to the Hamyang General Industrial Complex located in Sudong-myeon.

The company investing in the county this time, Seha F&S, is a subsidiary of Seha Logics, which operates food distribution and livestock product storage businesses alongside large corporations such as CJ and Ottogi in Gyeonggi-do. This investment plans to build two agricultural product logistics facilities, including 45 cold storage warehouses, on a total area of 37,625㎡ within the Hamyang General Industrial Complex by June next year.

Seha F&S will serve as an intermediary to supply agricultural and specialty products such as onions and garlic produced in the county to large corporate logistics centers. Once the logistics facilities are completed, it is expected to procure 20,000 tons of onions annually from within the county.

Additionally, there are plans to expand the business scope to include San Yangsam (wild ginseng), dried persimmons, apples, and potatoes, which is expected to revitalize the local economy by opening new sales channels for local agricultural specialties and creating more than 50 new jobs.

At the signing ceremony, County Governor Seo said, “We welcome the investment in Hamyang-gun and have laid the foundation for a leap toward becoming a logistics hub city by attracting various logistics facility investments,” adding, “We will promptly provide administrative services for permits and approvals to ensure the successful establishment of agricultural product logistics facilities.”

In response, Yoon Jong-guk, CEO of Seha F&S, said, “We will prioritize hiring Hamyang residents and actively support the sales channels for Hamyang’s agricultural specialties such as onions, apples, and dried persimmons to contribute to the development of the local economy.”

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