Udeumji Farm "Establishes SPC to Create Smart Farm"

Udumji Pharm, a KOSDAQ-listed company, announced on the 11th that it has decided to make a large-scale investment in the smart farm complex 'Chungnam Global Holti Complex (Agricultural Bio Complex),' which is being developed as the largest smart farm complex in Korea, and will establish a Special Purpose Company (SPC) to promote the project.

The 'Chungnam Global Holti Complex' will involve a total project cost of over 330 billion KRW. It is the largest smart farm agricultural bio complex in Korea, developed on a scale of 150,000 pyeong, funded by Chungcheongnam-do and Seosan City’s own capital, regional revitalization investment funds, and private investments.

Udumji Pharm, as a major shareholder, will invest in common stock through the newly established SPC and take on the role of the actual project manager.

In particular, Udumji Pharm plans to complete the construction of glass greenhouse smart farms on 46,000 pyeong of the 120,000 pyeong site designated for the smart farm and start tomato cultivation from the second half of the year.

Kim Ho-yeon, Chairman of Udumji Pharm, explained, “This investment decision marks the practical beginning of the greenhouse expansion plan, which we have been continuously focusing on. Through the newly developed smart farm complex, we expect to generate over 6,000 tons of fruits and vegetables and more than 30 billion KRW in new annual sales.”

He added, “We also plan to actively attract young farmers to the smart farm complex, provide education on advanced agricultural techniques, and create conditions for young farmers to settle in rural areas.”

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