{"id":2203223,"date":"2023-12-27T08:00:18","date_gmt":"2023-12-26T23:00:18","guid":{"rendered":"https:\/\/koreapro.org\/?p=2203223"},"modified":"2023-12-26T20:17:54","modified_gmt":"2023-12-26T11:17:54","slug":"south-korea-ramps-up-smart-farm-exports-to-the-middle-east","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/12\/south-korea-ramps-up-smart-farm-exports-to-the-middle-east\/","title":{"rendered":"South Korea ramps up smart farm exports to the Middle East"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The South Korean Ministry of Agriculture, Food and Rural Affairs <\/span><a href=\"https:\/\/www.mafra.go.kr\/home\/5109\/subview.do?enc=Zm5jdDF8QEB8JTJGYmJzJTJGaG9tZSUyRjc5MiUyRjU2ODkwOSUyRmFydGNsVmlldy5kbyUzRmJic0NsU2VxJTNEJTI2cmdzRW5kZGVTdHIlM0QlMjZiYnNPcGVuV3JkU2VxJTNEJTI2cmdzQmduZGVTdHIlM0QlMjZwYXNzd29yZCUzRCUyNnNyY2hDb2x1bW4lM0QlMjZyb3clM0QxMCUyNmlzVmlld01pbmUlM0RmYWxzZSUyNnBhZ2UlM0QxJTI2c3JjaFdyZCUzRCUyNg%3D%3D\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> a 168% increase in smart farm exports, reaching $283 million by Nov. 2023, up from $105 million in the previous year. The ministry <\/span><a href=\"https:\/\/www.mafra.go.kr\/home\/5280\/subview.do\"><span style=\"font-weight: 400;\">defines<\/span><\/a><span style=\"font-weight: 400;\"> smart farm technologies as \u201cfourth industrial revolution technologies,\u201d such as the Internet of Things (IoT) technology, big data, artificial intelligence and robotics that enable the remote and automatic maintenance and management of crops and livestock.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The growth is attributed to enhanced governmental cooperation in the Middle East, a region prioritizing food security. The ministry has focused on the Middle East as a key export market for smart farm technology, leading to expanded operations of Korean smart farm companies in the region. The agriculture ministry undertook several initiatives throughout the year, including signing 13 memorandums of understanding worth $95 million with Middle Eastern countries and establishing a smart farm-focused trade center. The ministry plans to continue focusing on the region in the coming year to bolster private investment and expand South Korea\u2019s global reach in smart agriculture.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The surge in South Korea\u2019s smart farm exports is part of the Yoon administration\u2019s <\/span><a href=\"https:\/\/koreapro.org\/2023\/10\/yoon-eyes-middle-east-stability-to-navigate-south-koreas-economic-hurdles\/\"><span style=\"font-weight: 400;\">plans to deepen ties<\/span><\/a><span style=\"font-weight: 400;\"> with Middle Eastern nations, including Saudi Arabia, the United Arab Emirates and Qatar. This move coincides with the pressing needs of these Middle Eastern countries, grappling with <\/span><a href=\"https:\/\/mecouncil.org\/publication\/breaking-the-cycle-how-can-the-mena-region-tackle-food-insecurity\/\"><span style=\"font-weight: 400;\">food security challenges<\/span><\/a><span style=\"font-weight: 400;\"> exacerbated by water scarcity and regional conflicts, including the ongoing war in Ukraine.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Although the growth in smart farm exports is modest compared to the substantial <\/span><a href=\"https:\/\/koreapro.org\/2023\/10\/south-korea-eyes-saudi-blue-ocean-defense-market-despite-regional-risks\/\"><span style=\"font-weight: 400;\">arms deals<\/span><\/a><span style=\"font-weight: 400;\"> between South Korea and Middle Eastern countries, it marks a diversification in South Korea\u2019s export portfolio. Beyond the traditional heavyweights of construction, shipping and defense, this expansion into agricultural technology allows a broader range of South Korean businesses to benefit from the deepening trade relations with the Middle East.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>The South Korean Ministry of Agriculture, Food and Rural Affairs announced a 168% increase in smart farm exports, reaching $283 million by Nov. 2023, up from $105 million in the previous year. The ministry defines smart farm technologies as \u201cfourth industrial revolution technologies,\u201d such as the Internet of Things (IoT) technology, big data, artificial intelligence [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2203232,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28,29],"class_list":["post-2203223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea ramps up smart farm exports to the Middle East - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/12\/south-korea-ramps-up-smart-farm-exports-to-the-middle-east\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea ramps up smart farm exports to the Middle East - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"The South Korean Ministry of Agriculture, Food and Rural Affairs announced a 168% increase in smart farm exports, reaching $283 million by Nov. 2023, up from $105 million in the previous year. 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