Korea Trade-Investment Promotion Agency (KOTRA) Invests in Smart Strawberry Farm in Australia

Smart Agriculture Report by Nongxun.net: According to a recent report by Yonhap News Agency, with the support of the Korea Trade-Investment Promotion Agency (KOTRA), a Korean smart agriculture company successfully signed a smart farm cooperation project with an Australian company. It is reported that the project will use Korean smart greenhouse and vertical farm technology to build a strawberry smart farm of about 4 hectares in Queensland, Australia.

It is predicted that starting this year, the global smart agriculture market will grow at an average annual rate of 9.4%, and by 2027 the market size will reach 18.7 billion USD, with broad development prospects. In order to ensure agricultural stability, the Australian government is also actively introducing smart agriculture technology. Since the first half of last year, KOTRA began conducting research on the Australian agricultural market while facilitating connections between relevant Korean companies and Australian companies. A KOTRA official stated that the successful entry of Korean smart farms into Australia shows that Korea's smart agriculture technology is also competitive in developed country markets. In the future, it will further expand the scope of support for enterprises to help Korean companies lead the global smart agriculture market.