Greenplus Establishes Thai Subsidiary 'greenplus KT'... Accelerates Entry into Southeast Asia

[Asia Economy Reporter Jang Hyowon] Greenplus's "Korean-style smart farm" technology is making a full-scale entry into Southeast Asia.

Advanced greenhouse smart farm specialist Greenplus announced on the 27th that it will establish a local corporation, greenplus KT (Korea Thailand), in the Khon Kaen region of Thailand. The established capital is 40 million baht (THB), approximately 1.5 billion KRW. On a site of 15,000 pyeong, it plans to produce and distribute smart farm facilities (materials) and directly operate smart farms.

The Thai government is providing special support to promote the development and modernization of smart agriculture. The local corporation has received approval from the Thailand Board of Investment (BOI), which offers simplified investment conditions for smart farming services and tax benefits (corporate tax reduction). Benefits include ▲corporate tax exemption ▲import duty exemption ▲land ownership permission ▲100% equity ownership.

Greenplus plans to select and evaluate the performance of greenhouse cooling package combinations suitable for cultivating specialty crops in Southeast Asia, securing design, construction, and operation technologies for smart greenhouses for regional export.

Agricultural methods in Southeast Asian countries still largely rely on direct seeding, resulting in low germination rates and poor production efficiency. To overcome this, Greenplus will lead agricultural modernization by utilizing the "Korean-style smart farm" to cultivate and distribute high-value seedlings (seedlings).

A Greenplus official said, "Through cooperation with KOTRA, we have secured Southeast Asia, where the smart farm share is low, as a new growth market," adding, "We plan to actively manufacture and distribute smart farms capable of cultivating high value-added specialty crops, using the establishment of the Thai corporation as a foothold for expansion into Southeast Asia."

Meanwhile, Greenplus is currently selected for the ODA (Official Development Assistance) project, "Smart Farm Multi-Ministry Package Innovation Technology Development Project," and is building a smart greenhouse for Southeast Asian export in the Bogor region of Indonesia.

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