Ministry of Agriculture and Food and 'Youth Farmers and Smart Farm Development' Business Agreement

Hyundai Engineering & Construction is joining forces with the Ministry of Agriculture, Food and Rural Affairs to create an innovative ecosystem in the agricultural sector that will secure future food sources.


On the 14th, at the agreement ceremony for fostering young farmers, smart farms, and the creation of an agricultural bio-complex, Jeong Hwang-geun, Minister of Agriculture, Food and Rural Affairs (fifth from the left), and Yoon Young-jun, President (sixth from the left), took a commemorative photo after signing the MOU. <br>[Photo by Hyundai Construction]

On the 14th, at the agreement ceremony for fostering young farmers, smart farms, and the creation of an agricultural bio-complex, Jeong Hwang-geun, Minister of Agriculture, Food and Rural Affairs (fifth from the left), and Yoon Young-jun, President (sixth from the left), took a commemorative photo after signing the MOU.
[Photo by Hyundai Construction]

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On the 15th, Hyundai Engineering & Construction announced that it signed a business agreement with the Ministry of Agriculture, Food and Rural Affairs for the "Establishment of an Agricultural Bio Complex and the Promotion of Young Farmers and Smart Farms" at the Hyundai Mobis Seosan Driving Test Center located within the Seosan Bio-Wellbeing-Research Special Zone in Buseok-myeon, Seosan-si, Chungnam Province.


According to the agreement signed the previous day, both parties plan to actively cooperate on ▲ the establishment and operation of the agricultural bio complex within the Seosan Bio-Wellbeing-Research Special Zone ▲ fostering young farmers and supporting startup funds ▲ development of smart farm technologies and promotion of exports ▲ creation of strategic crop cultivation complexes ▲ construction of resource-circulating renewable energy facilities and technical support.


Hyundai Engineering & Construction will begin full-scale development of smart agricultural infrastructure on farmland it owns in the Seosan reclaimed land area. Of this, 726,000㎡ will be developed as a bio complex where agricultural specialized companies will be located, and 330,000㎡ will be designated as a pilot project site for cultivating strategic crops such as powdered rice, salt-tolerant corn, and wheat. Additionally, smart farms as well as educational and support facilities will be built to help young farmers settle in the Seosan Special Zone and gain farming experience. A blueprint was presented to build a resource-circulating, energy self-sufficient city through the construction of biogas energy facilities and technical support.


The Seosan Bio-Wellbeing-Research Special Zone was first designated in 2008 as a regional specialized development zone. Following the approval of the 6th plan revision by the Ministry of SMEs and Startups in May, and now with this agreement, the promotion of future growth projects based on agriculture is expected to accelerate.


Jung Hwang-geun, Minister of Agriculture, Food and Rural Affairs, said, "Young people are the core workforce that will lead future agriculture," adding, "Through this business agreement, we will discover various support models to foster young farmers and activate smart farms, leading the industrialization of agriculture’s future growth."



Yoon Young-joon, President of Hyundai Engineering & Construction, stated, "In the face of threats such as climate change, food security, and aging, our agriculture requires a major innovation to maximize competitiveness," and added, "Since the Seosan reclaimed land is a precious legacy containing the grand vision of the late Chairman Chung Ju-yung, we will spare no cooperation and support to help young farmers realize their dreams and transform it into an outpost for future food resources."


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

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