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Analysis South Korean smart farm companies face uphill battle in Middle East marketAging farmers and high costs hinder adoption at home, while Gulf nations offer opportunities but risks abroad South Korea’s smart farm sector presents a promising opportunity for the country to bolster its agricultural productivity and food security, but Korean companies seeking to enter the Middle Eastern market with their smart farm technologies face significant risks, including economic instability and the need for long-term investments. The Yoon Suk-yeol administration has made securing food at lower costs and in larger quantities a key policy goal, as South Korea’s agri-food sector has suffered from the realities of climate change and international conflicts. To achieve its goal, the Yoon administration is doubling down on the previous Moon Jae-in administration’s commitmentto © Korea Risk Group. All rights reserved. |





